ASX RELEASE
9 DECEMBER 2019
ASX CODE: RWD
DIRECTORS
Colin McCavana
Chairman
Rod Della Vedova
Non-Executive Director
Michael Ruane
Executive Director
MANAGEMENT
Greg Cochran
Chief Executive Officer
Bianca Taveira
Company Secretary
HEAD OFFICE
Reward Minerals Ltd
159 Stirling Highway
Nedlands WA 6009
PO Box 1104
Nedlands WA 6909
- 08 9386 4699
- 08 9386 9473
- admin@rewardminerals.com
LAKE DISAPPOINTMENT PROJECT:
ENVIRONMENTAL APPROVAL
RECOMMENDED BY EPA BOARD
Advanced stage sulphate of potash ("SOP") exploration and development company Reward Minerals Ltd ("Reward" or "the Company") is pleased to advise that the board of Western Australia's Environmental Protection Authority ("EPA") has presented its recommendation to the Minister of the Environment to approve the development of the Project.
The EPA's Lake Disappointment report has been presented to WA's Minister of the Environment for a decision on the Project's development.
CEO Greg Cochran commented: "this is indeed great news for Reward, its shareholders and all the Project's stakeholders who have been eagerly awaiting a positive outcome to what has been the most detailed and transparent environmental assessment conducted within WA's fledgling SOP space to date. To become only the second SOP Project to achieve this recommendation after such a level of intense scrutiny is testimony to the quality of work that has been done in preparing the Project submission."
"We are looking forward to a final decision by the Honorable Minister once he has had the opportunity to consult with the state's other decision-making authorities. I'd like to thank the EPA assessment team who have developed such an excellent understanding of the LD Project over the last four years and our own team for ensuring that the EPA received all the information it required to make this recommendation."
Greg Cochran
Chief Executive
On behalf of the Board
About Reward
Reward Minerals Ltd (Reward) is an ASX-listedadvanced-stage exploration and development company focussed on its sulphate of potash minerals portfolio. Reward's flagship project is its 100%-owned LD SOP Project, located 340 km east of Newman in the Little Sandy Desert of north-western Western Australia. The LD Project hosts Australia's largest brine SOP deposit which consists of a shallow high-grade brine SOP resource and a large deep resource with slightly lower SOP grades.
Reward completed a detailed, conservative Pre-Feasibility Study for the LD Project in April 2018 and updated it with improved logistics costs in July 2018. An Indigenous Land Use Agreement has been executed with the Martu people, the traditional owners of the land, which will enable mining to commence on completion of final feasibility studies and achievement of funding.
www.rewardminerals.com
9 December 2019 ASX RELEASE | Reward Minerals Ltd |
Figure 1 - Lake Disappointment SOP Project Development Envelope and Infrastructure Footprint
2 | www.rewardminerals.com |
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Reward Minerals Ltd. published this content on 09 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 December 2019 02:25:02 UTC