Rum Jungle Resources Limited (ASXRUM) Quarterly Activities ReportDec 2013

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Rum Jungle Resources Ltd's (ASX:RUM) strategic intent is to find, develop and operate fertiliser mineral projects, and pursue base metals and gold prospects, located in close proximity to existing Central Australian transport infrastructure



Rum Jungle Resources Ltd has significant resources of both phosphate and potash. It has significant cash reserves on deposit to ensure a timely delivery of its objectives



HIGHLIGHT



- The company raised $9.88M by a placement to Australian institutions thereby increasing the total institutional backing of the company to over 35% of the issued capita



- A Share Purchase Plan (SPP) is also current allowing shareholders the opportunity to invest in the company under the same terms as its institutional investors. The SPP closes on January 1



- The largest and most influential Chinese government owned chemical consulting corporation (CICCC) has undertaken to do a prefeasibility study (PFS) on the brine lakes potash project at Karinga in the N



- A report recently released by Geoscience Australia has highlighted the possibility of substantial potash resources within some of the major salt lakes in arid parts of Central Australia. The company has moved quickly to apply for large areas over Lake Amadeus in the NT and Lake Torrens in SA, which could become part of a long-term development plan if resources can be establishe



- Following a marked downturn in exploration activity by other parties in the NT, substantial amounts of prospective acreage in the Georgina and Wiso Basins have become available. This allowed the company to make a number of significant new applications for exploration licences where indicated phosphate beds occur. These applications have also been motivated by infrastructure advantages



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