For thousands of other reports visit RSC's Mineral Intellingence Map
Reward Minerals Ltd.
Summary
| Project: | LD Project | |
|---|---|---|
| Deposit: | LD Project | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 5/1/2018 | |
| Report Code: | JORC | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 1-5-2018: Reward Minerals Ltd. announces a Pre-Feasibility Study report for its LD Project deposit at the LD Project project. PFS results incl. pre-tax NPV of A $460M (8%), IRR of 18%, 27yr LOM at the project. Sulphate of Potash (“SOP”) exploration and de | |
| Resources: | (Resource, I+I): 153Mt @ 11.35kg/m3 SOP (Drainable) | |
| CP/QP: | [Resources]: Robert Kinnell (Strategic Water Management ) | |
| ABSTRACT: | Sulphate of Potash (“SOP”) exploration and development company Reward Minerals Ltd (“Reward” or “the Company”; ASX: RWD) is pleased to report the results of the Pre-Feasibility Study (“PFS”) on its advanced stage 100%-owned LD SOP Project located 340 km east of Newman in north-western Western Australia The PFS, conducted to a high level of detail by respected Perth-based engineering consultants CPC Project Design, has demonstrated that the LD Project is both technically sound and financially robust and is forecast to generate attractive returns with a sustainable EBITDA margin of 42%. Reward’s CEO Greg Cochran welcomed the outstanding result, saying: “This comprehensive PFS, done to exacting standards, confirms LD’s status among Australia’s most attractive SOP projects. Although we have conservatively limited the Project life to the shallow resource accessible by trenching, the economics are compelling. Reward has always emphasized the strategic importance of its LD Project, the only Tier 1 SOP brine resource in Australia. Its size and consistently high in-situ average grade – the highest in Australia – as well as the depositional nature of the deposit – true playa-style mineralisation – implies less resource risk, whilst the Project’s location provides the ideal operating environment with the highest evaporation rate and low average rainfall.” “It is also pleasing to note that after Reward’s extensive research and development efforts including over 40 phases of metallurgical testwork to design the Project’s flowsheet, we have had a positive outcome to the independent review by the highly respected German potash processing consultants ERCOSPLAN Ingenieurbüro Anlagentechnik GmbH. ERCOSPLAN concluded that the design is state of the art and that a high purity product of around 98% K2SO4 could be produced. The Company will progress its R&D efforts to explore ERCOSPLAN’s optimisation recommendations, which could enhance recovery and improve efficiencies (and therefore economics) whilst still producing a highquality product.” | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report