Key Points: "• RUM has world scale potash and phosphate...

Key Points:

"• RUM has world scale potash and phosphate resources beside rail infrastructure for domestic and off-shore markets.

• Resource and financial studies confirm both key fertiliser st nd

ingredients are in 1 - 2 quartile of cost curve at large scale. RUM is independent. Australia is politically stable.

• Validation and cash flow can occur via small scale domestic operation for Potash Magnesium Sulphate (KMS) with $93m and local domestic horticulture consumption.

• RUM is currently evaluating options to partner one or both projects. We assume 50% of potash sold for $25m."