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Reward Minerals Ltd.
Summary
| Project: | LD Project | |
|---|---|---|
| Deposit: | LD Project | |
| Location: | Australia | |
| Commodities: | Potash | |
| Date: | 2/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2017: Reward Minerals Ltd. announces a Resource Estimation report for its LD Project deposit at the LD Project project. Updated in situ and drainable mineral resource estimations. Reward Minerals Limited (“Reward” or “the Company”) is pleased to annou | |
| Resources: | (Resource, I+I): 153Mt @ 11.35kg/m3 SOP (Drainable) | |
| CP/QP: | [Resources]: Robert Kinnell (Strategic Water Management ) | |
| ABSTRACT: | Reward Minerals Limited (“Reward” or “the Company”) is pleased to announce a significant milestone in the Company’s path to developing the 100% owned LD Sulphate of Potash (“SOP”) Project located in Western Australia. Managing Director’s Comment: “We’re extremely pleased with the results of the independent Mineral Resource update. The numbers speak for themselves. Lake Disappointment stands out as a Tier 1 SOP deposit and the leading project of its kind in Australia.” Strategic Water Management, has reviewed the previous resource data and the specific yield - effective porosity results reported by Global Groundwater (“GGW”) and Core Labs Pty Ltd to establish the Resource estimates. Strategic Water Management and GGW continue to be involved in hydrogeological works and modelling being undertaken at the Project for the purposes of groundwater licencing and environmental approvals required for project development. The drainable Mineral Resource estimate is for both the lakebed sediments and the weathered basement. Core drilling in 2015 and the 2016 test production bore drilling have confirmed the presence of highly prospective unconsolidated sand zones within the weathered bedrock sequence, which has resulted in an updated conceptual hydrogeological model to be developed (Figure 2). The in situ and drainable Mineral Resource estimate is based on results from drilling, trenching and sampling. Further detailed interpretation of the regional structural data and 2015 core will be undertaken to identify a number of targets for future test production bores in order to improve the deep resource definition. | |
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