Partial relinquishment report on EL 28872 Karinga Lakes Potash

Abstract

EL 28872 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. As part of a rationalisation of the holdings in the Karinga Lakes Project, 58 sub-blocks are being partially relinquished from EL 28872. No on-ground work was conducted on the area being relinquished.