PAC Partners Investment Conference Presentation
Perth, April 28, 2015 AEST (ABN Newswire) - Rum Jungle Resources Limited (ASX:RUM) is an Australian listed company with both phosphate and sulphate of potash (SOP) resources. These minerals are essential for efficient agriculture and are critical components of the global food supply value chain.
- Over the last four years the company has discovered and evaluated the world class Ammaroo Phosphate Project located in the Northern Territory . A preliminary feasibility study has been completed with compelling results
- Built a portfolio of SOP projects based on geologically scarce potassium and sulphate brine resources. SOP is a premium potash fertiliser (SOP prices currently (~US$680 - A$880/t) with limited supply available globally. SOP produced from brines is an organic fertiliser
- The Karinga Lakes project is the most advanced SOP project and a scoping study has been completed. Demonstrates the potential for a small scale, low capital start-up operation producing either SOP or an intermediate product, potassium magnesium sulphate.
- Proximity to existing transport infrastructure providing access to markets in Australia, Asia and Africa
- Both key fertiliser ingredient projects have the potential to be 1st-2nd quartile of global cost curves at an appropriate scale. Processing routes defined using existing and well established technology minimising risks
- Clear strategic path to develop both phosphate and sulphate of potash projects. Capital is the required ingredient
- A formal investment process is now underway to fund bankable feasibility studies. Roadshows have recently been conducted in India, China, Dubai and North America and a data room has been opened.
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-422450.pdf
About Verdant Minerals Ltd
Verdant Minerals Ltd's (ASX:VRM) strategic intent is to create shareholder value through the discovery, development and operation of fertiliser and industrial mineral projects, located in close proximity to existing transport infrastructure, with a primary focus on the Northern Territory of Australia.
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