RUM rum jungle resources ltd

nt dunny dig may be phosphate bonanza

  1. 8,506 Posts.
    lightbulb Created with Sketch. 604
    lol

    http://news.ninemsn.com.au/technology/8231728/NT-dunny-dig-may-be-phosphate-bonanza

    A geologist who dug a simple hole for an outback dunny in the remote Northern Territory did not realise he would soon be sitting on a gold mine - of sorts.

    Rum Jungle Resources is exploring for phosphate on a site near Barrow Creek, north of Alice Springs.

    With up to 20 people joining the effort, it was time to dig a camp toilet.

    Chief executive David Muller said a spot for the 20m drop dunny was chosen 24km away from the exploration grid.

    So the geologist who dug the inconsequential hole was pretty surprised to spot nodules of phosphate under his feet.

    "He kicks a few rocks around his feet and sure enough, it was phosphate," Mr Muller told AAP.

    "It gives us a lot of heart that it's pretty widespread and wherever we drill, it's there."

    Needless to say, the company is now broadening the parameters for its Ammaroo phosphate project.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.