BUZZ-Australia's Aruma Resources hits 16-month high on copper project stake buy

Reuters

01/22

** Shares of Australia's Aruma Resources AAJ.AX climb 54.6% to A$0.034, their highest level since September 10, 2024

** Diversified miner signs binding agreements to buy an 85% stake in the Tillex copper project in Ontario, Canada

** A unit of global mining company Vale will own a 12% stake in the project and the remaining 3% by a private consortium

** YTD, shares have more than doubled in value

(Reporting by Shruti Agarwal in Bengaluru)

((Shruti.Agarwal@thomsonreuters.com))

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