First annual report for EL 27881 Table Land Creek

Abstract

EL 27881 was pegged to explore for uranium and other metals. The EL is very remote and, in parts, quite rugged which necessitates helicopter access. Furthermore, it is within Litchfield National Park and this has presented additional challenges. Rum Jungle will be seeking further clarification from the Conservation Land Corporation as to what work will be allowed. Before proceeding with exploration, Rum Jungle is weighing up the desirability of the main target commodity, prospectivity, the relatively high cost of exploring an area that requires helicopter access and the possibility that the Land Conservation Corporation may not sanction ground-disturbing work in the future. Expenditure for the first year was $5,604 against a covenant of $55,000. At this stage, Rum Jungle is carrying forward the year one proposed expenditure of $55,000 into year two. Rum Jungle remains committed to exploring in the NT and is currently focussed on its Karinga Lakes potash project and Barrow Creek 1 phosphate.