The JV gives Verdant Minerals potash exploration rights to the southern part of Lake Mackay as held by a Toro Energy subsidiary. This includes all of E80/3486 and parts of E80/3484, 3485 and 3519. Rum Jungle Resources has now spent sufficient to earn 51% of the potash rights in the JV.
Lake Mackay JV area outlined in yellow and showing all drilling including early work by Toro. Background is false colour Is7 imagery.
A maiden JORC brine potash resource of 13 million tonnes K2SO4 was announced for the Lake Mackay South Potash Project on 09/09/2014 and has not changed since.
Inferred potassium brine concentration and source data on Lake Mackay South JV.
Reconnaisiance with Toro Energy Limited's Exploration Manager