As highlighted in Rum Jungle Resources' (ASX:RUM) 29 September announcement of the results of the Ammaroo Phosphate Project pre-feasibility study, in order to take one of the development options forward to a bankable feasibility study, it will be necessary to secure funding through the establishment of a joint venture and associated off-take agreements.
Rum Jungle Resources Limited
Rum Jungle Resources Ltd (ASX:RUM) is an Australian Securities Exchange listed, diversified junior explorer focused on highly prospective land located in Australia’s Northern Territory and Queensland.
A Northern Territory and Queensland focussed mineral explorer with a portfolio including: Uranium, Potash, Phosphate and Base Metals.
Rum Jungle Resources has strategic alliances with other major Northern Territory explorers increases exposure to additional exploration areas.
Rum Jungle Resources has experienced geological management backed up by a solid financial base to fund exploration budgets.
The company has recently signed a contract with a United States-based geophysical contractor to complete a rock microfracture leakage study over parts of the Karinga Lakes Project. Geoflite is a low altitude multispectral, fracture detection system used to generate high resolution airborne data to map rock microfractures in detail
Rum Jungle Resources Ltd has significant resources of both phosphate and potash. The Company's flagship projects, the Ammaroo Phosphate and Karinga Lakes Potash projects are in prefeasibility and scoping study respectively. The company has sufficient cash reserves on deposit to undertake its current medium term strategic objectives.
After establishing a world class resource of phosphate at Ammaroo in the Northern Territory Rum Jungle Resources Limited (ASX:RUM) then completed a successful takeover of Central Australian Phosphate more than doubling the resource into excess of one billion tonnes of phosphate rock.
Rum Jungle Resources Limited's (ASX:RUM) strategic intent is to create shareholder value from phosphate and potash fertiliser mineral projects, located in proximity to existing transport infrastructure, primarily in the Northern Territory.
Rum Jungle Resources Limited (ASX:RUM) is pleased to announce an updated Ammaroo Phosphate resource estimate.
After establishing a world class resource of phosphate at Ammaroo in the Northern Territory Rum Jungle Resources Limited (RUM.AX) then completed a successful takeover of Central Australian Phosphate more than doubling the resource into excess of one billion tonnes of phosphate rock.
Completion of the Rum Jungle Resources Limited (ASX:RUM) Ammaroo phosphate pre-feasibility study supports the economic potential of the project to be developed as a phosphate rock export operation or for downstream phosphate fertiliser production using proven technologies.
Rum Jungle Resources Ltd (ASX:RUM) is pleased to announce a maiden Inferred JORC brine potash resource of 4.5 million tonnes K2SO4 on 100% owned E69/2814 in Western Australia.
This maiden JORC resource at the Lake Mackay South Project highlights the growing potential of Rum Jungle Resources' portfolio of sulfate of potash projects across Central Australia that incorporates the Karinga Lakes and Lake Hopkins projects and the yet to be granted tenements associated with Lake Amadeus and Lake MacDonald.
Rum Jungle Resources Ltd's (ASX:RUM) strategic intent is to find, develop and operate fertiliser mineral projects, located in close proximity to existing Central Australian transport infrastructure.