Rum Jungle Resources Limited (ASX:RUM) Karinga Lakes Potash Pre-Feasibility Study
December 18, 2013 (Source: ABN Newswire) — Rum Jungle Resources Limited (ASX:RUM) is pleased to announce that it has today signed an agreement with CICCC for the preparation of a Pre-Feasibility Study on the Karinga Lakes Potash Project.
The arrangement follows several meetings and discussions with representatives of CICCC and the China National Petroleum and Chemical Planning Institute. These organisations are large State Owned Enterprises (SOE) providing services to the majority of chemical and fertiliser producers in China.
The particular attraction to RUM is to understand the processing route for the conversion of schoenite (K2SO4MgSO4.6H2O) into the premium product K2SO4 (SOP). This is undertaken on a large scale at Luobopo in Xijang Province, China.
Representatives from RUM have been invited to visit Chinese salt lake potash projects and a contingent of 12 engineers, scientists and economists from China will visit Karinga in March. The study is expected to be completed within six months.
Commenting on the arrangement, the company’s Managing Director, David Muller said: “The study will also assist RUM to determine an optimum production scenario from the available resource and assist the company to plan future development should the study have a positive outcome. Discussions I have had with the various parties in China have impressed me greatly with respect to their depth of knowledge and their ability to easily access other SOE’s to provide guidance and information. I look forward to a continuing association with our new partners”.
About Rum Jungle Resources Limited
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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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>