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REWARD MINERALS LTD

ASX: RWD

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

Reward Minerals Ltd is a Potash focused exploration company with a portfolio of advanced exploration projects located within Australia, several of which host significant potassium sulfate (SOP) resources.

Lake Disappointment – WA

The Lake Disappointment project is comprised of 9 Exploration Licenses, 1 Miscellaneous Licence, 1 Mining Lease and 2 applications covering approximately 3,327km2 over the playa lake of the same name. An Access and Heritage agreement was executed, in February 2006, between the Martu People and the Company in respect of Exploration Licenses E69/2156-2159 and E45/2801-03.

The drilling program completed at Reward’s LD project (2015) has expanded the potash resource to 564 million tonnes sulphate of potash grading 13.7 kilograms per metre cubed, placing the Little Sandy Desert holding amongst the globally significant.

Capital cost estimates for a 400,000tpa SOP operation are estimated to be A$320M (US$256M). This capital cost marks the LD Project as one of the most attractive greenfield SOP projects with capital and capital intensity costs among the lowest in the world. Operating cost estimates: Total Mine gate operating cost = $204 AUD. Total FOB = mine gate + haulage and port: $328AUD

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Lake Karly

The Karly Project is located some 200km north west of LD and is approximately 400km from Port Hedland, of which approximately 350km is bitumen road.

Sulfate of potash (SOP) is a chloride-free fertilizer suited to sensitive crops such as fruits and nuts. Standard SOP traded over five years to mid-2013 in northwestern Europe for 20 percent more than granular muriate of potash (MOP), but that premium averaged 50 percent in 2014 as supplies became short and MOP prices fell, said Paul Burnside, manager of fertilizer analysis at consultancy CRU. "Global SOP production is 5 million tonnes annually, but demand may be 10-12 million....Potash Ridge Corp

Read about SOP Vs MOP (Reuters)

Mine For

potash

Location of operation(s)

Western Australia, Queensland

Address

159 Stirling Hwy
NEDLANDS, WA, AUSTRALIA

Phone

(08) 9386 4699

Email

Website


Last Updated

23/11/2015

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.

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