Rum Jungle reaches agreement with Land Council, upgrades phosphate resource
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