We are pleased to announce that the initial public offer for Rum Jungle Uranium Limited was extremely well received by the investing public, and has closed substantially oversubscribed. The issue was managed by Southern Cross Equities.
Rum Jungle Uranium's ASX code is RUM.
Geologists required now- Darwin Base
Purely focused Northern Territory uranium explorer.
Targeted unconformity style uranium mineralization holds potential for finding large deposits.
Olympic Dam style mineralization presents an exciting target in the historic Tennant Creek Goldfield.
Strategic alliance with other major Northern Territory explorers increases exposure to uranium exploration areas.
$12m in capital raising has provided robust exploration budgets.
Experienced geological team providing strong management.