Kairos Minerals : 14/03/2022 – Half Year Accounts

ARUMA RESOURCES LIMITED

ABN 77 141 335 364

INTERIM FINANCIAL REPORT

FOR THE HALF-YEAR ENDED

31 DECEMBER 2021

ARUMA RESOURCES LIMITED

Contents	Page
Corporate Information	2
Directors' Report	3
Auditor's Independence Declaration	17
Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income	18
Condensed Consolidated Statement of Financial Position	19
Condensed Consolidated Statement of Cash Flows	20
Condensed Consolidated Statement of Changes in Equity	21
Notes to the Condensed Consolidated Interim Financial Statements	22
Directors' Declaration	29
Independent Review Report to the members of Aruma Resources Limited	30

ARUMA RESOURCES LIMITED

CORPORATE INFORMATION
Directors
Paul Boyatzis (Non-Executive Chairman)
Peter Schwann (Managing Director)
Dr Mark Elliott (Non-Executive Director)
Company secretary
Phillip MacLeod
Registered office	Auditors
Unit 9, 88 Forrest Street	Elderton Audit Pty Ltd
Cottesloe WA 6011	Level 2, 267 St Georges Terrace
Australia		Perth WA 6000
		Australia
Principal place of business
Level 1, 6 Thelma Street	Solicitors
West Perth WA 6005	Fairweather Corporate Lawyers
Australia		Unit 2, 589 Stirling Highway
Postal: Locked Bag 2000, Nedlands WA 6009	Cottesloe WA 6011
		Australia
Telephone:	[phone]
Facsimile:	[phone]	Share register
Email:	[e-mail]	Advanced Share Registry Services
Website:	www.arumaresources.com.au	110 Stirling Highway
ABN: 77 141 335 364	Nedlands WA 6009
		Australia
ASX code		Telephone:	[phone]
Ordinary shares - AAJ

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ARUMA RESOURCES LIMITED

DIRECTORS' REPORT

The directors of Aruma Resources Limited ("Aruma") submit herewith the interim financial report of Aruma Resources Limited and its subsidiaries ("Consolidated entity" or "Group") for the half-year ended 31 December 2021. In order to comply with the provisions of the Corporations Act 2001, the directors report as follows:

The names of the directors of the Company during or since the end of the half-year are:

Mr. P. Boyatzis	Non-Executive Chairman
Mr. P. Schwann	Managing Director
Dr Mark Elliott	Non-Executive Director

Directors were in office for the entire period unless otherwise stated

REVIEW OF OPERATIONS

Exploration

Aruma Resources Limited (ASX: AAJ) ("Aruma" or "the Company") is pleased to provide the following report on its activities for the half-year ending 31 December 2021 ("half-year").

Aruma is an Australian gold and lithium-focused exploration company. It has three strategically located gold projects in the WA's Pilbara and Norseman regions which cover an area of approximately 1,360km2, and one in the Lachlan Fold Belt, in NSW. Aruma is also focused on exploring the Mt Deans Lithium- Tantalum Project, in the lithium corridor of south-eastern WA.

Highlights

• First phase drilling completed at Mt Deans Lithium Project, subsequent to the half-year
• Drilling at Salmon Gums Gold Project with 2,298m in 33 holes completed
• Follow-up1,892m RC drilling completed at Saltwater Gold Project
• Melrose Gold Project area Heritage agreement executed and PoW for drilling in place
• Capital Project Leases to be relinquished

During the half-year, Aruma made significant progress across its 100%-owned project portfolio, with drilling programs completed at the Salmon Gums Gold Project near Norseman in WA and the Saltwater Gold Project in the Pilbara region of WA, and approvals were granted for drilling at the Mt Deans Project. At the Melrose Gold Project, in the Pilbara, a program of works (PoW) for a first phase of drilling is in place and a Heritage Agreement with the PKKP Native Title Aboriginal Corporation for the Project was also executed.

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ARUMA RESOURCES LIMITED

DIRECTORS' REPORT

REVIEW OF OPERATIONS (CONTINUED)

Figure 1: Aruma's Australian Projects

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