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Aruma Resources Limited ( (AU:AAJ) ) has shared an announcement.
Aruma Resources Limited has announced a strategic exploration plan for its Cypher Uranium Prospect, located in the Wilan Project in South Australia. The company plans to conduct a systematic exploration program, including aerial radiometric surveys, passive seismic surveys, and soil sampling, to confirm the potential of a structurally controlled calcrete-hosted uranium deposit. This exploration initiative is driven by the strong momentum in the uranium market, with prices reaching a 15-year high, which enhances the prospect’s attractiveness. Aruma is currently in the process of securing necessary stakeholder and heritage approvals to begin ground-based exploration by late Q2 2025, underscoring its commitment to advancing the project in line with regulatory and community expectations.
More about Aruma Resources Limited
Aruma Resources Limited is a company engaged in the resources industry, focusing on exploration projects. It is involved in identifying and developing resource projects, specifically in the uranium sector, as demonstrated by its current focus on the Cypher Uranium Prospect in South Australia.
YTD Price Performance: -9.09%
Average Trading Volume: 372,921
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$2M
See more data about AAJ stock on TipRanks’ Stock Analysis page.
