Rum Jungle reaches agreement with Land Council, upgrades phosphate resource

By James Sean Dickson
Published: Tuesday, 09 December 2014

Having a good relationship with local indigenous organisations is an asset to a business operating in Australia’s Northern Territory. By forming this agreement, Rum Jungle has significantly upgraded its resource and is likely to have increased the prospectivity of the project.

ASX-listed Rum Jungle Resources Ltd. announced today that it has updated its Ammaroo phosphate project resource estimate in the Northern Territory of Australia, following the reconciliation of identified cultural exclusion zones with the local indigenous Land Council.

Estimated resources for Ammaroo now total 1.15bn tonnes phosphate (P2O5)...

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