DAVID MULLER – MANAGING DIRECTOR

11th March 2013

INVESTORIUM MEETING

THE BASEMENT, SYDNEY

DISCOVERY AND DEVELOPMENT OF

FERTILISERS (POTASH AND PHOSPHATE) IN

THE NT OF AUSTRALIA BY RUM JUNGLE

RESOURCES LTD

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ASX CODE: RUM

Rum Jungle Resources Ltd is a Darwin based, NT focused diversified explorer.

Listed on the ASX in November 2007 after raising $12 million in the IPO.

Significant new institutional shareholder base has emerged in 2012

$16 million cash on deposit end December 2012.

Market Capitalisation 241 million shares @ $0.25 is A$60 million.

Announces JORC inferred resource of 253,000,000 tonnes at 15% P2O5 in Dec 2011

Includes now measured 138 million tonnes at 15.7% P2O5 announced December 2012

Over 2000 RC holes now completed for over 60,000 meters.

Full scoping study of phosphate commenced in September

Total Potash resource of 5,500,000 tonnes potassium sulphate in brine announced November 2012

TAKEOVER ANNOUNCED FOR CENTRAL AUSTRALIAN PHOSPHATE LTD FEB 2012

DIRECTORS

Rob Annells(Chairman)

David Muller (Managing Director)

Jeff Landels

SENIOR STAFF

Chris Tziolis (Chief Development Officer)

Chris Moyle (CFO and Company Secretary)

Nigel Doyle (Exploration Manager)

John Dunster (Chief Geologist)

Top Shareholders

Washington H Soul Pattinson 18.8%

Lion Selection 5.7%

Acorn Capital 4.9%

Farjoy Pty Ltd 6.5%

Merrill Lynch Nominees 4.3%

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THE BARROW CREEK 1 PHOSPHATE

DISCOVERY BY RUM JUNGLE RESOURCES LTD,

AMMAROO, NORTHERN TERRITORY AUSTRALIA

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KEY FACTORS FAVOURING DEVELOPMENT

• ACCESS TO RAIL AND PORT VIA DARWIN OPENS ASIAN

EXPORT OPPORTUNITY FOR SUPPLY STABILITY

• PROXIMITY OF WESTERN GEORGINA BASIN TO

RAILHEAD

• HIGH GRADE ORE CLOSE TO SURFACE PROMOTES

CHEAP EXTRACTION

• BLANKET UNIFORMITY OF DEPOSIT AIDS MINE

PLANNING

• HUGE POTENTIAL FOR BILLION TON PLUS DEPOSIT

GEOGRAPHY AND GEOLOGY UNIQUELY COMBINE

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WORLD PRODUCTION PHOSPHATE

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7 MAIN NORTH AFRICAN & MED PLAYERS

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DARWIN’S PROXIMITY TO ASIA

Jakarta: 1470nm

Singapore: 1807nm

Ho Chi Minh: 2003nm

Hong Kong: 2305nm

Taipei: 2315nm

Bangkok: 2393nm

Shanghai: 2677nm

Yokohama: 2918nm

Seoul: 3010nm

Melbourne: 3755km

Adelaide: 3241km

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DELIVERY ORE CONCENTRATES BY RAIL TO DARWIN

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DISTRIBUTION OF PHOSPHATE IN GEORGINA BASIN

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COSTEAN 4 FROM SURFACE TO 7 METERS DEPTH

32% P2O5

28% P2O5

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Model Barrow Creek 1 Looking NW

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Barrow Creek 1 JORC Resource of 238 Mt at 14.6% P2O5 using a 10% cut off. This includes a Measured Resource of 136 Mt at 15.7%,

some as shallow as 3 m depth.

RUM JUNGLE RESOURCES LTD AMMAROO PHOSPHATE PROJECT

•Shallow high grade phosphate, easily mined and

located only 90km from rail

•Scoping study almost complete

Low Strip

Ratios

Proximity to

rail Shallow high grade

phosphate exposed

in costeans

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WHAT THE OPERATION MAY LOOK LIKE

RECENT AERIAL PHOTOS DUCHESS MINE ,

GEORGINA BASIN QUEENSLAND

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EXCAVATOR MINING

MINING HORIZONTAL PHOSPHATE BEDS IN EASTERN GEORGINA BASIN AT DUCHESS MINE

QUEENSLAND,JULY 2012

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RESOURCE DEFINITION COMPLETE AT BARROW

CREEK 1

SUBSTANTIAL RESOURCE ALSO LIKELY AT

AMMAROO 1, 80KM EAST OF BC 1.

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RESOURCE ESTIMATE DRILLING COMPLETED SEPTEMBER 2012. TOTAL 2082 RC HOLES

FOR 61,221 METERS. TOTAL 32 DIAMOND DRILL CORE INTERSECTIONS. INITIAL INFERRED

RESOURCE OF 253,000,000 TONNES AT 15.0% P2O5 UPGRADED DEC 2012 TO INCLUDE

138,000,000 MEASURED RESOURCE AT 15.7%

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RUM ANNOUNCES TAKEOVER FOR CEN

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Combined Resource Map F

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TENEMENT HOLDINGS MARCH 2012

20m@

20%P2O5

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COMBINED TENEMENTS CEN AND RUM

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THE KARINGA CREEK POTASH DISCOVERY BY

RUM JUNGLE RESOURCES LTD, LASSITER

HIGHWAY, NORTHERN TERRITORY, AUSTRALIA

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Source:

http://www.marketoracle.co.uk/

• Increasing demand,

particularly from India,

China, US

• Price tripled since 2007

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ACCUMULATION OF POTASH SALTS IN CENTRAL AUSTRALIAN

GROUNDWATER DISCHARGE ZONE

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Joint Venture with Reward Minerals (Lake Disappointment,

WA) RUM holds around 90%.

First pass environmental surveys completed

Extensive brine sampling in 2010 and 2011 produced

encouraging results

Bench-scale tests confirm schoenite can be produced by two-

stage evaporation

Deep drilling, sampling and flow testing completed 2012 to

upsize potential

New resource of 5,530,000 tonnes K2SO4 announced in

November 2012.

Karinga Creek Potash Project 2010 - 2012

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Rum Jungle test pit 2010

RUMs 2010 Sampling • hand-dug holes to geochemically sample brines

• brine chemistry varies considerably within and between lakes

• bench scale tests confirmed that two-stage evaporation can produce

schoenite from at least some of the lake brines

• small test pits for pump tests to check recharge rates

• encouraging over short time frame, need much longer duration tests to

account for seasonal fluctuations

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Vibracore drilling September 2011

Sonic drilling October 2011

a dozen piezometers installed

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FLOW TESTING OF BORES

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FLOW TESTING OF BORES

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SILTSTONE AQUIFER LIKELY TO GREATLY

EXCEED LAKE BRINE RESOURCE

AQUIFER 1 AND AQUIFER 2 DEMONSTRATED TO BE A

SINGLE LARGE AQUIFER OF THE CENTRAL AUSTRALIAN

GROUNDWATER DISCHARGE ZONE

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CENTRAL LAKES FLOW RATES FROM DRILL

HOLES

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Waterbore Drilling May 2012, dozens of

piezometers to be installed

Supa-mats

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ADDITION OF LAKE HOPKINS COULD ADD

ANOTHER MAJOR RESOURCE

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LABORATORY TRIALS

Two step process:

Evaporation to remove bulk of halite

Flotation to improve purity

Process Path 1 Process Path 2

Initial Brine Water

Evaporation

(1st

Stage) Halite

(NaCl)

Evaporation

(2nd

Stage)

Residual Bittern

Mixed Salts

Flotation

Process

Schoenite

(K2SO4.MgSO4. 6H2O)

Evaporation +

Cooling @ 0°C

Epsomite

(MgSO4.7H2O)

Spent

Brine

Residual bittern for bittern adjustment

In plant

Initial Brine Water

Evaporation

(1st

Stage)

Mirabilite

(Na2SO4.10H2O)

Cooling

@ -10°C

Concentrated Brine

Spent Brine

Evaporation

(2nd

Stage)

Schoenite

(MgSO4.K2SO4.6H2O)

Evaporation

(3rd

Stage)

Residual

Bittern

Flotation

Process

Halite

(NaCl)

Mixed

Salts

Residual bittern for bittern

adjustment in plant

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FLOTATION TRIALS

Mixed salts preparation

Drying

Crush and sieve to the right size

Flotation steps

Mix crushed mixed salts with bittern

Dose flotation agents and allow to age

Introduce air (single stage flotation)

Collect froths that are rich in potassium salts

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EVAPORATION TRIALS

Harvest

Mixed salts

Residual bittern

Improve potassium content from 0.5%-1% to 6%-7%

K mostly in the form of schoenite (approximately 30% of mixed

salts)

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EVAPORATION TRIALS F

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EVAPORATION TRIALS – HALITE REMOVAL F

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EXAMPLES OF OPERATIONS IN

CHINA AND CHILE

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Chinese Schoenite Operation F

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EVAPORATION PONDS UTAH F

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FLOTATION FACILITY F

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SALT FEED TO FLOTATION PLANT F

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LINED PONDS ATACAMA CHILE F

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ATACAMA EVAPORATION PONDS F

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THE WAY FORWARD

Get approval for trenching and then flow test

trenches for 5 days

Drill deeper holes to 50 meters to increase brine

volume and extend resource

Geotechnical testing of soils for evaporation pond

lining (either lake sites or flat lying areas)

Process route testing to prove up final products

and by-products

Commence exploration at Lake hopkins

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Thank You

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