Resources Rising Stars - Investor Presentation Sept 2015
Perth, Sep 24, 2015 AEST (ABN Newswire) - Rum Jungle Resources Ltd (
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.
- The company is also progressing investigations into a promising silica project, which may open the door to the high purity quartz (HPQ) market which has applications in semiconductors, fibre optics and solar panels
- Over the last few years the company has compiled an attractive portfolio of projects that have moved beyond exploration:
- Discovered and evaluated the world class Ammaroo Phosphate Project located in the Northern Territory. A preliminary feasibility study has been completed with compelling results. Global process to secure cornerstone industry investment ongoing. Phosphate prices remain comparatively robust
- Built a portfolio of SOP projects based on geologically scarce potassium and sulphate brine resources. SOP is a premium potash fertiliser (current SOP prices ~US$700/t (A$980/t)) with limited supply available globally. SOP produced from brines is an organic fertiliser. The Karinga Lakes project is the most advanced SOP project with a JORC resource and a scoping study completed. Demonstrates the potential for a small scale, low capital start-up operation producing either SOP or an intermediate product, potassium magnesium sulphate
- The encouraging first-pass chemical analysis results of Dingo Hole Silica together with the geological scarcity of silica resources that meet chemical specifications for HPQ, facilitates further investigation
- Proximity to gas infrastructure for energy and 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
- Processing routes defined using existing and well established technology minimising risks
To view the presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-RUM-430356.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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