Case Studies

Advising mineral explorer on acquisition of tier-1 mineral projects

Piper Alderman assists ASX-listed Aruma Resources Limited in the acquisition of a portfolio of copper and uranium exploration assets

Team: James Dickson, Ashleigh De Silva, Bonnie Doyle

Service: Corporate & Commercial | Mergers & Acquisitions
Sector: Energy & Resources | Mining

Aruma Resources is an ASX-listed minerals exploration company focused on the exploration and development of a portfolio of prospective gold and lithium projects strategically located in major, active Australian gold mineralised belts in Western Australia.

Piper Alderman has assisted Aruma Resources to acquire a portfolio of copper and uranium exploration assets in tier‑1 mineral projects via the acquisition of all of the issued shares of NHM Holdings (Australia) Pty Ltd, a holding company that has three wholly owned subsidiaries which together own the projects.

Commencing in February 2024, Partner James Dickson, Lawyer Bonnie Doyle and Law Graduate Ashleigh De Silva worked closely with Aruma Resources in preparing a share acquisition agreement, a royalty deed and other necessary documents to obtain shareholder approval for the transaction and announce the transaction on ASX.

If the transaction is approved by the shareholders of Aruma Resources, the company plans to commence targeted, systematic fieldwork programs across the new projects to define priority drill targets, with the aim of progressively drill testing priority targets to unlock each new project’s full value proposition.

Further information on the acquisition can be found on the ASX announcement here.