Quarterly Activities Report
Perth, April 29, 2013 AEST (ABN Newswire) - Rum Jungle Resources Limited's (
ASX:RUM) strategic intent is to find, develop and operate fertiliser minerals, base metals and gold projects, located in close proximity to existing transport infrastructure, with a geographical focus on the Northern Territory, Australia.
Rum Jungle Resources Ltd is the only company with significant resources of both phosphate and potash in Australia. The company has the backing of large institutional investors and has cash at bank of $14.65 million to facilitate progression of its projects.
HIGHLIGHTS
PHOSPHATE
- Takeover bid lodged for CEN (Central Australian Phosphate Ltd)
- Barrow Creek 1 Scoping Study now completed which identifies three potentially viable options to develop the Barrow Creek 1 project as a standalone operation with a potential operating life in excess of 25 years
- Exploration plans for 2013 submitted to the NT Department of Mines and Energy (DME) for approval
POTASH
The company has established a JORC resource of a maximum contained 5.5M tonnes of potassium sulfate at its Karinga Lakes Potash project. Negotiations have been proceeding with Aboriginal communities and Land Councils to gain access to other large lake/brine deposits in the Central Australian Groundwater Discharge Zone. The focus for the remainder of 2013 is to complete access agreements with Traditional Owners and commence drilling on lakes to add more resources.
KARINGA LAKES POTASH
- Exploration plans for 2013 submitted to DME
- Exploration camp construction commenced
- Bench-scale evaporation and flotation trials produce positive results
LAKE HOPKINS POTASH (WA/NT Border)
- Lake Hopkins (E69/2814) on the WA side of the NT border was transferred to Rum Jungle Resources on 07/03/2013
- An Exploration Access Agreement and compensation package was verbally reached with Traditional Owners of the Tjukurla community at an onsite meeting in April. The Ngaanyatjarra Land Council chaired the meeting
ANGAS DOWNS POTASH
- Exploration to explore for brine and hard rock potash on two granted exploration licences
- Land access meeting held with Traditional Owners at Imanpa community through the Central Land Council on March 14. Waiting on reply from Central Land Council
CORPORATE
- The Bidders Statement for the off-market takeover offer for Central Australian Phosphate was released 26/03/2013
For the quarterly report, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-388908.pdf
About Verdant Minerals Ltd
Verdant Minerals Ltd's (ASX:VRM) strategic intent is to create shareholder value through the discovery, development and operation of fertiliser and industrial mineral projects, located in close proximity to existing transport infrastructure, with a primary focus on the Northern Territory of Australia.
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