Red Rock Resources



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Project Summary

In heart of Rum Jungle uranium field

Known uranium targets

Magnesite resource established

Gold occurrences

General

The Celia prospect consists of an exploration license application (ELA 24414) of 13.2 sq km some 4 km east north east of the town of Batchelor in the south of the Rum Jungle Uranium Field on the contact with the granite intrusion. Previous exploration including two drill programmes has developed an indicated resource of 10m t of low silica Magnesite at 45%+ grade, with potential for expansion. There is a known gold occurrence.

The area is in the heart of a major uranium mining province close to several recent uranium discoveries and with the presence of magnesite showing proximity to the redox boundary, is considered highly prospective for uranium. Over flights in the 1960s detected a number of uranium anomalies but no follow up work was carried out. The property is near the old Rum Jungle Mine and the uranium properties being developed by Compass Resources NL.