Rum Jungle Signs Potash Exploration Deal with Toro for Lake Mackay Project

Mining Weekly reported that Rum Jungle and Toro Energy have signed a deal regarding exploration licenses for Toro’s Lake Mackay project.

As quoted in the Mining Weekly report:

The Lake Mackay project consists of four exploration licences covering some 400 km² of surface area. Toro’s previous shallow drilling had confirmed the presence of brine in the lake subsurface, with potassium, magnesium and sulphur concentrations similar to other potash brine systems in central Australia.

To view the whole Mining Weekly report, click here.