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Reward Minerals to discuss sulphate of potash strategy at Proactive CEO Session

Chief executive officer Greg Cochran will present to investors in Sydney next Monday.

Drill rig and excavator at Lake Disappointment
A ProbeDrill Rig and Amphibious Excavator about to start a work program

Reward Minerals Ltd (ASX:RWD) intends to develop a large sulphate of potash (SOP) resource in Western Australia and will outline its strategy at next week’s Proactive CEO Session in Sydney.

The company’s chief executive officer Greg Cochran will present to investors at the CEO Session on Monday, November 19.

Reward’s primary focus is the Lake Disappointment SOP Project in WA’s northwest, one of the world’s highest grade and largest brine SOP deposits.

153 million tonne resource

The tenement package covers more than 3,000 square kilometres and hosts an indicated and inferred drainable resource of 153 million tonnes of SOP with average in-situ grade of 11.3 kilograms per cubic metre.

The company has the potential to be the largest, longest life SOP producer outside China.

With more than 7 billion people on the planet, potash, which is used in agricultural fertilisers, is more important than ever to secure global food production.

Environmental document submitted

Reward has today submitted an updated Environmental Review Document (ERD) for the project to the Environmental Protection Authority (EPA) of Western Australia.

This describes the potential impacts of the project, which is 40 kilometres east of Newman in the Little Sandy Desert, and how these would be managed and mitigated by Reward.

The updated ERD addresses feedback received from WA regulators on the original ERD and is informed by questions raised by regulators during a site visit conducted earlier this year.

To be reviewed by EPA

This revised document will be reviewed by the EPA, which, assuming all questions have been satisfactorily addressed, will authorise its public release.

Depending on the timing of the release, a six-to-eight-week public review period will follow.

Reward will be required to respond to the public comments and update the ERD where necessary prior to the EPA’s final assessment.

A period of consultation will follow over the draft implementation conditions that may be required during the project life.

The EPA will then report formally to the Minister for the Environment with its recommendations pertaining to the project’s implementation before culminating in a Ministerial decision.

‘Technically robust’ project

A pre-feasibility study was completed at the end of April 2018 which concluded that the project is technically robust and economically attractive whilst the Environmental Impact Assessment is well advanced with State and Federal environmental regulators.

Register for the CEO Session today to find out more.

Sydney details, Monday, November 19, 2018

Also featuring at the Sydney session will be Great Boulder Resources (ASX:GBR), Mainstream Group Holdings Ltd (ASX:MAI), Blackstone Minerals (ASX:BSX) and Pacific American Coal (ASX:PAK).

Quick facts: Reward Minerals Ltd

Price: 0.15 AUD

Market: ASX
Market Cap: $24.39 m

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Full interview: Reward Minerals has environmental approval for Lake...

Reward Minerals Ltd (ASX:RWD) chief executive Greg Cochran updates Proactive on Western Australia’s EPA recommending environmental approval for the company’s Lake Disappointment advanced stage sulphate of potash (SOP) project. Cochran said it was welcome news for all project stakeholders who...

on 11/12/19

3 min read