Australia's Aruma Resources surges on plans to start lithium drilling in WA project

Aruma Resources

23/03/2021 23:40

** Shares of Aruma Resources  AAJ.AX  leap as much as 40.4%
to A$0.08, their biggest intraday pct gain since Sept 8, 2020
    ** The mineral explorer announces maiden drilling programme
at Mt Deans Lithium project in Western Australia  urn:newsml:reuters.com:*:nASX3PsxWM
    ** Says co plans to undertake first phase of drilling in the
June quarter 2021, upon approval by Western Australia Department
of Mines
    ** Plans to investigate the potential for the project to
host direct shipping lithium ores
    ** Stock trading at its highest since Feb 23
    ** About 1.6 mln shares change hands, compared with the
30-day average volume of 284,000 shares
    ** Co down 45.7% this year, as of last close

 (Reporting by Savyata Mishra in Bengaluru)
 ((Savyata.mishra@thomsonreuters.com))