Partial relinquishment report for EL 30520 Ammaroo Phosphate Project

Abstract

The Ammaroo Phosphate Project is located 240 km southeast of Tennant Creek. The project area contains the 40 km-long billion-tonne Ammaroo Phosphate Deposit, which is currently Australia's largest undeveloped JORC phosphate resource, the satellite Ammaroo South resource, the Rockhole Prospect on northern EL 30520, and significant greenfields potential in the east. The overall Ammaroo Phosphate Project prefeasibility has been announced and higher tenure applied for. EL 30520 is in two parts. The southern part of sixteen blocks is being voluntarily relinquished because the geology is considered unsuitable to host phosphate. The Supplejack Creek base metals-barite occurrence occurs in this area being relinquished. Rum Jungle Resources does not consider it worth pursuing in isolation.