Aragon Resources Limited (ASX:AAG) is an Australia-based gold, nickel and phosphate exploration company. The principal activity of the Company is the exploration of minerals. Aragon has exploration tenements in Western Australia and the Northern Territory.
Aragon Resources Limited (ASX:AAG) is pleased to announce it has completed a preliminary assessment of the commercial viability of its underground mine projects within the Central Murchison Gold Project. Underground mining studies on the Big Bell deposit and the combined Golden Crown, Great Fingall deposits have concluded that a positive development scenario exists.
Rum Jungle Resources Limited (ASX:RUM) is pleased to provide an update of Ammaroo Phosphate JV (RUM earning up to 70% from Aragon Resources Ltd (ASX:AAG)).
Rum Jungle Uranium Limited (ASX:RUM) is pleased to provide an update of assay data at Ammaroo Phosphate Discovery (Rum Jungle Uranium Limited earning up to 70%, Aragon Resources Ltd (ASX:AAG) 30%).
Joint venture between Rum Jungle Uranium Limited (ASX:RUM) and Aragon Resources Limited (ASX:AAG) (RUM earning 60% with option to increase to 70%) Air core drilling commenced early last week at the Ammaroo Project situated east of the Central Australian Rail head between Alice Springs and Tennant Creek. Drill progress has been at the rate of 300-350 metres per day. The first drilled holes were designed to delineate the ancient Cambrian shore line within the western most tenement, EL 25184 (Area 1) from which it could be determined where the likely phosphate strata might occur.
