Rum Jungle Resources Limited Submits Notice of Intent for the Ammaroo Phosphate Project
23.04.2014 | ABN Newswire
Perth - Rum Jungle Resources Ltd. (ASX:RUM) is pleased to advise that it has submitted to the Minister for Mines and Energy, the Hon Willem Westra Van Holthe, a Notice of Intent (NOI) for its Ammaroo Phosphate Project, located approximately 200km southeast of Tennant Creek in the Northern Territory.The NOI provides formal notification to the Northern Territory Government and other key stakeholders of RUM's intention to move towards the development of the Ammaroo Phosphate Project, subject to the successful completion of the ongoing pre-feasibility study, a potential Bankable Feasibility study and the securing of project financing in the future. The submission of the NOI triggers the environmental impact assessment process.
The NOI provides an overview of the proposed activities and potential development options, the environmental and social aspects associated with the project and proposed management strategies to be adopted in the development and operation of project. It is expected that the NOI will be reviewed by the Department of Mines and Energy, prior to forwarding the Environmental Protection Authority (EPA) for further assessment and the issuance of environmental impact guidelines that may lead to the requirement to submit an Environmental Impact Statement prior to approval in the future.
Rum Jungle Resources commenced a pre-feasibility study on the Ammaroo Phosphate project late last year and is targeting a study completion date around the middle of 2014. Other key activities that remain ongoing include the negotiation of native title agreements, which is a precursor to the granting of a minerals lease, commercial discussions with transport providers and engagement with the broader global phosphates industry with a view of securing future joint venture partnerships and/or off take agreements to underpin future development of the project.
About Rum Jungle Resources Limited:
Rum Jungle Resources (ASX:RUM) is an Australian Securities Exchange listed, diversified junior explorer focused on highly prospective land located in Australia’s Northern Territory and Queensland.
A Northern Territory and Queensland focussed mineral explorer with a portfolio including: Uranium, Potash, Phosphate and Base Metals.
Rum Jungle Resources has strategic alliances with other major Northern Territory explorers increases exposure to additional exploration areas.
Rum Jungle Resources has experienced geological management backed up by a solid financial base to fund exploration budgets.
Contact:
Rum Jungle Resources Ltd.
T: +61-8-8942-0385
F: +61-8-8942-0318
KEY CONTACT
David Muller, MD
T: +61-458-007-040