Mining the Territory 2012 Conference Presentation
Perth, Sep 19, 2012 AEST (ABN Newswire) - Rum Jungle Resources Ltd's (
ASX:RUM) strategy is to focus on markets for rock phosphate close to Darwin Port that will save customers in the Asia region considerable freight charges vis a vis supplies from the Mediterranean and North African (MENA) producers.
Rum Jungle Resources Ltd is a Darwin based, NT focused diversified explorer.
- Listed on the ASX in November 2007 after raising $12 million in the IPO.
- Raised $6.6M @ $0.33 per share April 2012.
- Significant new institutional shareholder base has emerged in 2012
- $12 million cash on deposit end August 2012.
- Market Capitalisation 207 million shares @ $0.25 is A$52 million.
- Announces JORC inferred resource of 253,000,000 tonnes at 15% P2O5 in Dec 2011
- Over 2000 RC holes now completed for over 60,000 meters. Resource to be recalculated
- Initial Potash resource of 540,000 tonnes potassium sulphate announced May 2012
- Deeper drilling and flow testing of lake brine in July to September 2012 to substantially upgrade potash resource
- Full scoping study of phosphate commenced in September
Top Shareholders:
Washington H Soul Pattinson 13.5%
Lion Selection 4.9%
Acorn Capital 4.9%
Farjoy Pty Ltd 4.5%
Finching Pty Ltd 4.0%
Merrill Lynch Nominees 4.3%
For the "Mining the Territory 2012" conference presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-379161.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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