Aruma Resources Ltd (ASX:AAJ) Confirms Exploration Model for Cypher Uranium Prospect
Exploration Model Confirmation
Aruma Resources Ltd (ASX:AAJ) has confirmed a compelling exploration model for its Cypher Uranium Prospect at the Wilan Project in South Australia. The prospect is identified as a potential structurally controlled calcrete-hosted uranium target, situated at the intersection of two major structures with multiple geophysical anomalies.
Upcoming Exploration Programs
The company is designing a comprehensive exploration program that includes a close-spaced aerial radiometric survey, ground-based passive seismic survey, and a soil sampling program to support geochemical vectoring for first phase drilling. Ground-based exploration is scheduled to commence after completing stakeholder and heritage engagements, expected in late Q2 2025.
Uranium Market Outlook
Aruma highlighted strong momentum in the uranium market, with prices reaching 15-year highs and rising demand projected. This market environment enhances the potential of the Cypher Uranium Prospect, aligning with global decarbonisation efforts and increasing demand for low-carbon energy sources.
Executive Comments
Managing Director Grant Ferguson stated, “The Cypher Uranium Prospect represents an exciting exploration opportunity for Aruma Resources. These factors position Cypher as a priority target within the Wilan Project and a potential driver of significant value for the Company.”
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