Partial relinquishment report for EL 25080 Karinga Lakes Potash Brine Project

Abstract

EL 25080 is one of several substantially contiguous ELs in Rum Jungle Resources Ltd's Karinga Lakes Potash Project. Exploration targeted potassium- and magnesium- sulfate-salts in subsurface salt lake brine to 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 and has advanced beyond exploration. A scoping study of the Karinga Lakes Project has been undertaken by CICCC and GHD. EL 25080 is one of the oldest titles in the project and contains a substantial portion of the resource. Twenty-one blocks are being voluntarily relinquished from EL 25080. There has been no on-ground work on the relinquished blocks and there is no expectation of potash brine being present in the areas relinquished.