Korab Resources


Rum Jungle Project is located approximately 70km south of the capital of the Northern Territory, Darwin. Project is accessible by sealed highway and rail and has arguably the best logistics of any project in Australia.

Local infrastructure includes high-voltage power, piped gas, potable water and 30 minute driving distance to the suburbs of Darwin.

In addition to hosting Winchester magnesium deposit, Geolsec phosphate deposit and Sundance gold mine Rum Jungle Project has great exploration potential with significant nickel, tin, copper, lead, zinc, vanadium, wolfram, antimony, phosphate and rare earths targets confirmed by drilling and sampling which are currently being followed up.


Rum Jungle Project contains Winchester magnesium deposit which has an outlined JORC Code compliant resource of 16.6 million tonnes of 91%-pure magnesite (MgCO3). This project has been progressed to feasibility study stage.

Magnesium is the lightest of all metals that are used as the basis for constructional alloys. It is this property which entices automobile manufacturers to replace denser materials, not only steels, cast irons and copper base alloys but even aluminum alloys by magnesium based alloys. The requirement to reduce the weight of car components as a result in part of the introduction of legislation limiting emission has triggered renewed interest in magnesium. The growth rate over the next 10 years has been forecast to be 7% per annum.

Because of its lighter weight, substituting magnesium sheet for aluminum and other materials reduces vehicle fuel consumption. It also offers greater personal protection in military applications. In addition to military, automotive, aviation and aerospace applications NanoMag can be used as a base material for the manufacture of fuel cells and electronic products.

Furthermore, It is widely believed the new material will gain wide acceptance in the biomedical industry as temporary connecting pins and plates since magnesium dissolves in the body with no adverse effects. The density and strength of NanoMag material is more like human bone than virtually any other currently popular implant materials. Because of this, the process can be used to produce biodegradable implants for hard tissue.

Another new area of magnesium use is the rapidly developing field of superconductivity. Magnesium is a key element in magnesium diboride MgB2 which becomes superconductive at a temperature of 39K.

Another rapidly growing sector where magnesium is becoming preferred material is construction industry. Magnesium oxide (MgO) board has a density of around 0.8-1.1g/cm3 is easy to transport and install. It has intensity of impact resistance 2-3 times greater than wall of gypsum board and is about 10 times stronger than gyprock. MgO board can be glued-on, cut down, nailed, veneered, painted, sawn, planed, thin panels of the board can be easily cut by knife. Most importantly, it is flexible, fireproof, weather proof and breathable. It remains flameless at 1,200 degrees (non-flammability: GB8624 grade A), resistant to deformation in wet, and dry, hot and cold conditions, is a great sound insulator - sound loss through a 6mm thick board is - 29dB.


Rum Jungle Project also includes the GEOLSEC rock phosphate deposit. The deposit contains sections of high grade rock phosphate grading up to 39% P2O5. Geolsec also contains several nearby high grade phosphate anomalies tested by auger drilling which have surface expressions about 12 times larger than the size of Geolsec deposit.


Darwin Port
(Click on picture to enlarge)

Rum Jungle Project
(Click on picture to enlarge)

Rum Jungle Project - local geology, deposits and anomalies
(Click on picture to enlarge)

Geolsec phosphate anomalies
(Click on picture to enlarge)

  Listed on Australian Stock Exchange