Reward Minerals to discuss Australias largest brine SOP deposit at Proactives Sydney CEO Session

By Deputy Chief EditorJanuary 17, 2020

139 1 minute read

Reward Minerals Ltd (ASX:RWD) is focused on developing its 100%-owned LD SOP (sulphate of potash) Project in the Little Sandy Desert of Western Australia.

The LD Project hosts Australias largest brine SOP deposit which consists of a shallow high-grade brine SOP resource and a large deep resource with slightly lower SOP grades.

Last month, the board of Western Australias Environmental Protection Authority (EPA) presented its recommendation to the Minister of the Environment to approve the development of the project.

Reward CEO Greg Cochran will present the companys story at the Proactive CEO Session in Sydney on Monday, February 3.

Cochran said after achieving the milestone: “This is indeed great news for Reward, its shareholders and all the projects stakeholders who have been eagerly awaiting a positive outcome to what has been the most detailed and transparent environmental assessment conducted within WAs 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 states other decision-making authorities.”

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 after completing final feasibility studies, securing environmental approvals and achieving funding.