Sorry it's taken so long to post,The magazine was called the territory focus,page 11 Rum jungle on the path to production.head line ,with a suite of phosphate and potash resources in the NT strategically located. To leverage the growing demand for fertilisers in Asia RUM is showing it has the potential to become a significant player in the fertiliser minerals business .Demand for fertilisers is being driven by growing populations ,greater ecenomic prosperity and changing food consumption patterns. It highlights the major drawcard in acquiring CEN immediate adjacent to RUM and it's inferred resources of 310 million tonnes at 15% phosphorus pentoxide with a potentially estimate of 600 million to 1 billion tonnes at 10%_15% phosphorus pentoxide. Upcoming PFS will aim to combine the existing res at barrow creek1 and the arganara phos res into 1 single development this will make ecenomic sense not having tow processing infrastructure setups . It highlights drilling at arganara over the next few months once the takeover is complete. They are confident of a combined 1 billion tonne resource . They highlighted that it's a phosphate province of some GLOBAL significance comparing saudi Arabia and morocco . Highlights close proximity to existing rail infrastructure . Our opportunity is the Asian buyers of phosphate to DIVERISTY away from north African and middle eastern suppliers. They go to say they expect to announce the PFS which could form the basis of a bankable feasibility study in the early part of next year. it's only 97 Kim's away from the railway line making this very ecenomic. Any. Way this is only abbreviated but for those that didn't get it you may trace it through the financial paper spt 11 edition..
RUM Price at posting:
15.5¢ Sentiment: ST Buy Disclosure: Held
