Perth, Australia (ABN Newswire) -
Rum Jungle Resources Ltd. (ASX:RUM) is an Australian company with both phosphate and sulphate of potash resources.
- Rum Jungle Resources is a ASX listed company that is transitioning from a minerals explorer to a fertiliser minerals producer
- Over the last four years the company has discovered, explored and evaluated the Ammaroo Phosphate Project to a preliminary feasibility level of development
- The project is located in the Northern Territory of Australia on the western side of the Georgina Basin. It is approximately 1100km from Australia's northern capital Darwin and 1300 km to Adelaide, the capital of South Australia
- A number of production options have been assessed including the feasibility of producing a market standard rock concentrate for export to the production of phosphate ammonium fertilisers
- A formal investment process is now underway with a view of establishing a joint venture and associated off take agreements with a fertiliser industry investor to take the project forward to bankable feasibility study and development. Roadshows have recently been conducted in India, China, Dubai and North America and a data room has been opened for parties who have indicated an interest in reviewing the project detail
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http://media.abnnewswire.net/media/en/docs/ASX-RUM-421318.pdf
About 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.
Contact:
Rum Jungle Resources Ltd.
T: +61-8-8942-0385
F: +61-8-8942-0318
www.rumjungleresources.com.au
