Area: Corporate E&R

Value: $12.7 million (implied value at announcement)

Key players: John Sartori and Geoff Mann led for Ashurst

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Deal significance: Combining the companies will bring together the complementary Barrow Creek and Arganara phosphate projects, which are adjacent deposits currently separately held by Rum Jungle Resources and Central Australian Phosphate. The offer implies a value of $12.7 million for the target, with a combined cash/scrip consideration.