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RWD, REWARD MINERALS LTD
denpal
post Posted: Aug 29 2012, 03:56 PM
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Finally the news we've been waiting for most of this year.


LAKE DISAPPOINTMENT UPDATE
ASX ANNOUNCEMENT
29 AUGUST 2012


Reward Minerals Ltd and subsidiary Holocene Pty Ltd are pleased to advise that the
Company has received written notice from Western Desert Lands Aboriginal Corporation
(WDLAC) recommending that Heritage Approval be granted in respect of the Lake
Disappointment Clearance Area.
Heritage Approval completes the outstanding conditions of the Mining and Indigenous
Land Use Agreement (MILUA) and paves the way for its registration and the granting of
mining licences for the Lake Disappointment Project, allowing the Company to move
ahead with its development programme.
The Company is very pleased with achieving this latest milestone, and we look forward to
further building the close association with WDLAC and the Martu people on the
development of the Lake Disappointment Project.
As a result of the Clearance Heritage Survey conducted late in February 2012, the
Clearance Area has been precisely defined and agreed to by WDLAC and Reward.
Reward/Holocene have advised WDLAC of their agreement to comply with the conditions
of the December 2011 agreement and the February 2012 Clearance Area Survey Report
and to satisfy the commercial terms previously agreed to under the MILUA in December
2011.
Reward will proceed with payment of agreed costs and issue of the first tranche of
Reward Options to WDLAC as required under the MILUA. The relevant agreement
documents will also be lodged shortly with the Native Title Tribunal for Registration as an
Indigenous Land Use Agreement.
Section 18 Works Approval Application
The Company has also prepared a Section 18 application for approval to establish an
access track, exploration camp, pilot evaporation ponds and to conduct infill drilling of the
Lake Disappointment Cleared Area. A copy of the application documentation has been
approved by WDLAC for its lodgement with the Department of Indigenous Affairs (DIA)
and the Aboriginal Cultural Materials Committee (ACMC) for approval.
Additional Tenement – EL(A)45/4090
Reward recently applied for Exploration Licence 45/4090 of 156km2 adjoining its current
Lake Disappointment project tenements. The new application if granted will extend the
Company’s land holdings north to the Talawana Track completely covering the
Miscellaneous Licence 45/302 required for the project access track. The earlier objection
to the grant of L45/302 by a third party which had previously applied for the ground but
recently withdrew its application has now lapsed.
Further information will be provided as it becomes available.

Dr Michael Ruane
Director
on behalf of the Board

 
nipper
post Posted: May 14 2012, 08:59 PM
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In Reply To: jacsar's post @ May 14 2012, 06:29 PM

QUOTE
Always do your own research
got yourself a bit of Terra Nullius there, eh matey??



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
jacsar
post Posted: May 14 2012, 06:29 PM
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In Reply To: nipper's post @ May 14 2012, 02:38 PM

Always do your own research....I nearly fell out of mychair laughing whenI heard RWD was exploring around Lake Disapointment. So aptly named and so far from the coast and in real desert conditions it would be totally uneconomic. Went along the Canning Stock route about 3 yrs ago and is one of the most isolated areas in Oz and certainly dont believe garbage like this link... http://maps.bonzle.com/c/a?a=p&p=61638&cmd=sp whatever you do dont waste your hard earned money..also no one lives in the surrounding areas not even our black brothers..cheers

 
denpal
post Posted: May 14 2012, 04:52 PM
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In Reply To: nipper's post @ May 14 2012, 02:38 PM

Apparently an appllcation for the mining licence has been made with $90k deposit. This means the Martu have signed off on the heritage survey. Let's see where the sp gets to. There was heavy buying up to this morning's TH.

 
nipper
post Posted: May 14 2012, 02:38 PM
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In Reply To: denpal's post @ Jan 5 2012, 07:05 AM

trading halt re Lake Disappointment potash project

RWD seems a bit leaky, however, as there were two run-ups on no news

68c to 84c on 02-03 May, then it slipped back on low volume, and 67c to 87c today prior to TH

there is meant to be a heritage survey on its way, and agreement has been reached with the representatives for local Martu (profit sharing rather than royalties)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
denpal
post Posted: Jan 5 2012, 07:05 AM
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So we now have confirmation from RWD that the mining agreement and ILUA has been executed. This has been prompted after several shareholders approached RWD and Michael Ruane asking about the status of the mining agreement, ie was it actually executed or not.

This will be Australia's first domestic potash producer.

On 200ktpa the margin looks like around $350/t, ($600/t-$250/t) around $50mpa NPAT (not including loan amortization on project finance). On 400ktpa, $100mpa NPAT.

This is Sulphate of Potash (SOP) remember, not Muriate of Potash (MOP). The price premium has been growing over the last few years and is now 40-50% in favour of SOP. The reason is that SOP does not cause the soil to salt up, and there are few producers globally.


Said 'Thanks' for this post: triage  nipper  
 

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denpal
post Posted: Jan 5 2012, 06:56 AM
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LAKE DISAPPOINTMENT POTASH PROJECT UPDATE
ASX ANNOUNCEMENT
04 JANUARY 2012


On 23 December 2011, Reward Minerals Ltd advised that it had reached agreement
with the Western Desert Lands Aboriginal Corporation (WDLAC) and the Martu
people on the terms of a Mining and Indigenous Land Use Agreement (ILUA) for the
Company’s Lake Disappointment Potash Project.
Following queries from a number of shareholders, the Company provides the
following additional information for clarification.
1. On 20 December 2011, at a Special General Meeting of Martu held at
Parngurr, the Resolution in respect of the proposed Agreement between
WDLAC and Reward Minerals Ltd was put to the members present.
The meeting resolved in favour of WDLAC/Martu people entering into the
Agreement on the terms and conditions negotiated between WDLAC and the
Company over the past twelve months.
A Members Certificate was signed at the meeting by the Common Law Holders
as required under the Native Title Act for registration of an ILUA.
2. The Mining and Indigenous Land Use Agreement was executed by WDLAC on
23 December 2011 in Perth with Chairman, Brian Sampson and Deputy
Chairman, Teddy Biljabu signing on behalf of WLDAC and Chairman, Colin
McCavana and Director, Michael Ruane signing on behalf of Reward.
The ILUA provides for Reward, WDLAC and the Martu people to work in close
association on the development of the Lake Disappointment Project. The Company
is enthusiastic about building a strong working relationship with WDLAC and the
Martu people that will provide training, employment and economic benefits to the
Martu people as well as increased shareholder value for all Reward shareholders.
The Company is now in the process of engaging new staff to recommence activities
on the Lake Disappointment Project including resource upgrade, feasibility activities
and the Clearance Heritage Survey scheduled to occur in March to advance the
project as rapidly as possible.

Dr Michael Ruane
Director
on behalf of the Board

 
denpal
post Posted: Dec 24 2011, 05:21 AM
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This is the chart as of yesterday. Will be interesting to see where this goes.
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denpal
post Posted: Dec 24 2011, 05:10 AM
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In Reply To: denpal's post @ Dec 23 2011, 06:49 PM

This is the ann.
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denpal
post Posted: Dec 23 2011, 06:49 PM
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See today's ann. finally agreement has been reached with the Martu on mining at Lake Disappointment.

Re-rate starting next Wednesday.

Nice Xmas present from Dr Ruane!

 
 


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