Bridging report on EL 28273 Karinga Lakes period 14 April 2014 to 9 October 2014

Abstract

EL 28273 is one of seven contiguous granted ELs and two ELAs in Rum Jungle Resources' Karinga Lakes Potash Brine Project. The Karinga Lakes project has advanced beyond exploration with a JORC 2012 brine potash resource of 8.4 million tonnes K2SO4 including over 70% in the Measured and Indicated category. A Scoping Study has been completed. The project awaits further approvals and funding. All titles are now in the name of Rum Jungle Resources after it bought out the remaining JV proportion held by Reward Minerals and its subsidiary. The project now has group technical reporting as GR360. This is a bridging report covering the transition from individual reporting to group reporting and refers to the period 14/04/2014 to 09/10/2014 on EL 28273. No on-ground work was conducted on EL 28273 during the bridging period.