Partial relinquishment report for EL 24987 Karinga Lakes Potash Brine Project

Abstract

EL 24987 is one of several substantially contiguous ELs in Rum Jungle Resources Ltd's Karinga Lakes Potash Project. Exploration is targeting potassium- and magnesium- sulfate-salts in subsurface salt lake brine to eventually produce potassium sulfate (SOP) and/or potassium magnesium sulfate (schoenite) fertiliser probably using solar evaporation ponds and flotation. The project has a JORC resource of potash brine. A scoping study of the Karinga Lakes Project is being undertaken by CICCC and GHD. The 24 eastern-most sub-blocks of EL 24987 have been voluntarily relinquished as part of renewal of the EL. This reduces the EL from 132 to 108 sub-blocks. There has been no on-ground work on the relinquished blocks. There is no evidence of potash brine being present in the area relinquished.