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Colin Hay

Korab Resources (ASX: KOR) has commenced a high-resolution ground gravity survey at the Rum Jungle Project located in the Northern Territory.

This high-resolution ground gravity survey is run on a 250 m by 250 m station spacing and will provide high quality ground gravity data with a pixel resolution of approximately 50 m.

This survey will be conducted in addition to the high-resolution aerial magnetic, and high-resolution aerial LiDAR, which will be progressively undertaken commencing during the last quarter of 2024 (quarter ending 31 December 2024) and the helicopter-assisted in-fill ground gravity survey reported on 26 June 2024.

Locations of the ground gravity survey stations of the high-resolution ground gravity survey, and helicopter assisted ground gravity survey overlayed on historical low-resolution gravity data obtained from the Northern Territory Geological Survey (NTGS) and structural data are shown in Figure 3.

Rum Jungle Project covers approximately 243 square kilometres and is located near the town of Batchelor in the Northern Territory, some 70km south of Darwin (see Figure 1). Rum Jungle Project is located within the Rum Jungle Mineral Field, which forms part of the Pine Creek Orogen. Map showing geology of the Rum Jungle Project and various structural features draped over digital elevation model is shown in Figure 2.

The Rum Jungle Project includes Winchester magnesium deposit, as well as several areas containing silver, gold, copper, cobalt, scandium, zinc, lead, nickel, and magnesium prospects and targets defined by Korab using data collected and evaluated over the past 7 years.

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