Partial relinquishment report on EL 28205 Karinga Lakes Potash Project

Abstract

EL 28205 is one of several contiguous ELs and ELAs in Rum Jungle Resources' Karinga Lakes Potash Project. The project is targeting potassium- and magnesium- sulfate-salts in subsurface salt lake brine to eventually produce potassium sulfate (SOP) and potassium magnesium sulfate (schoenite) fertiliser probably using staged solar evaporation in ponds and flotation in an onsite plant. The project has a JORC 2012 brine potash resource of 8.4 million tonnes K2SO4 including over 70 percent in the Measured and Indicated category. This is equivalent to 19 million tonnes of schoenite. The Karinga Lakes Brine Potash Project has advanced beyond exploration with the results of the scoping study announced recently. The mandatory reduction of EL 28205 has resulted in the surrender of 20 sub-blocks on which there has been no on-ground work by Rum Jungle Resources.