Partial relinquishment report for EL 28116 Ammaroo Phosphate Project

Abstract

EL 28116 is part of Rum Jungle Resources' Ammaroo Phosphate Project of multiple ELs in the name of both Rum Jungle Resources and it subsidiaries Territory Phosphate and Central Australian Phosphate. The project contains a JORC resource at Barrow Creek 1/Arganara and an advanced prospect at Ammaroo South. It is worked as a single project and drilling programs commonly extend across multiple ELs and span the anniversary dates of individual ELs. Rum Jungle Resources is making a voluntary partial reduction of 148 sub-blocks from EL 28116, reducing it from 185 to 37 sub-blocks. This is the second voluntary reduction of this EL and is part of Rum Jungle Resources' on-going commitment to turn-over ground in the Ammaroo Phosphate Project. Eight RAB holes have been drilled in or near the most recently relinquished portion. Some holes are within tens to hundreds of metres of the boundary of areas previously relinquished from EL 28116 and relinquished from the contiguous Rum Jungle Resources EL 25184. One hole reported in the previous partial relinquishments has been found to have been misplotted on the wrong EL. This report includes corrected locations and additional holes from all contiguous areas ever relinquished, all of which can be open-filed. This brings the total drilling reported here to 15 RAB holes for 642 m. No phosphate was intersected.