Reward Minerals

Published : August 26th, 2015

LD Project - Development Update

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LD Project - Development Update

ASX RELEASE

26 August 2015

ASX CODE

RWD

SHARE PRICE

$0.65

SHARES ON ISSUE

119.0 M

OPTIONS

24.1M ($0.25 - $1.09)

MARKET CAPITALISATION

$77.4M (undiluted)

CASH POSITION

$7.6M (June Qtly Report)

DIRECTORS & MANAGEMENT

Colin McCavana

Chairman

Rod Della Vedova

Non-Executive Director

Michael Ruane

Managing Director

Daniel Tenardi

Projects Director

Paul Savich

Corporate Development Officer

& Company Secretary

Bianca Taveira

Company Secretary

KEY PROJECTS

LD Project Karly Project Dora Project

HEAD OFFICE

Reward Minerals Ltd

159 Stirling Highway

Nedlands WA 6009

PO Box 1104

Nedlands WA 6909

ACN 009 173 602

ABN 50 009 173 602

T: 08 9386 4699

F: 08 9386 9473

E: [email protected]

LD DEVELOPMENT UPDATE Survey of Haul Road and LD Complete

Highlights

Survey of ungazzetted section of the Talawana Track complete.

Costings for upgrade of the road to requisite standard has commenced.

Topographical surveys of the LD surface and proposed plant and infrastructure sites have been completed.

Options for SOP haulage, including via the Talawana Track, have commenced with detailed assessment of capital and haulage costings.

LD surveys provide essential detail for trench network and pond designs essential for advancing Project Studies.

Reward Minerals Limited ("Reward" or "the Company") is pleased provide details of a number of topographical surveys which have recently taken place at the LD Project.

Access/Haul Road Survey

A survey of the Talawana and Wiljabu (LD access road) Tracks has been completed which will enable the Company to advance discussions with stakeholders with regard to transport of Sulfate of Potash (SOP) from the LD Project to port.
Access to the LD Project from Newman is via the Marble Bar Road, Jigalong Road, Balfour
Downs Road and then the Talawana Track to the Project access road, the Wiljabu Track.

Figure 1: Haulage Route (LD to Port Hedland)

www.rewardminerals.com

26 August 2015 ASX RELEASE

Reward Minerals Ltd

Figure 2: Road Survey

The LD Scoping Study (refer to announcement dated 2 April 2015) contemplated upgrading of some 215 kilometres of the unsealed and ungazetted Talawana Track as well as the 27 kilometre Wiljabu Track. The total cost of an all- weather road upgrade was estimated at $56 million.
The Company is investigating a number of capital and maintenance scenarios aimed at optimising this component of the Project.

Plant and Infrastructure Surveys

The Company has also completed Reduced Level (RL) Surveys of relevant parts of Lake Disappointment, including the area in which it proposed plant and associated infrastructure will be located. Statutory surveys of LD Project Mining Lease 45/1227 have also been completed.

Figure 3: Lake Survey


2 www.rewardminerals.com

26 August 2015 ASX RELEASE

Reward Minerals Ltd


Results of the survey indicate that the process plant and infrastructure can be located in reasonably elevated sites within close proximity to the LD evaporation pond system. Particularly pleasing was the low variance of surface RL's over the lake surface allowing the construction of evaporation ponds and trenching networks as contemplated within the LD Scoping Study.

Figure 4: Plant & Infrastructure Survey

Yours faithfully,

Michael Ruane

Director

on behalf of the Board

3 www.rewardminerals.com

Read the rest of the article at www.noodls.com

Reward Minerals

CODE : RWD.AX
ISIN : AU000000RWD5
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Reward Min. is a gold exploration company based in Australia.

Reward Min. is listed in Australia and in Germany. Its market capitalisation is AU$ 3.9 millions as of today (US$ 2.8 millions, € 2.5 millions).

Its stock quote reached its highest recent level on April 01, 2011 at AU$ 1.38, and its lowest recent point on April 16, 2024 at AU$ 0.03.

Reward Min. has 135 760 000 shares outstanding.

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Corporate news of Reward Minerals
4/19/2016APPENDIX 3B
4/18/2016Change of Director's Interest Notice (MR)
4/12/2016APPENDIX 3B
3/31/2016Change of Director's Interest Notice (MR)
3/31/2016Appendix 4G
3/31/2016Company Presentation
1/6/2016Exercise of Unlisted Options and 3B
1/6/2016Change of Director's Interest Notice (MR)
12/10/2015LD Project - Pilot Ponds Approval Received
12/8/2015Notification of Expiry of Unlisted Options
12/3/2015APPENDIX 3B
12/2/2015BW Equities Research Report on RWD
12/1/2015Change of Director's Interest Notice (MR)
11/22/2015LD Project - Substantial SOP Resource
9/9/2015Change of Director's Interest Notice (MR)
9/4/2015LD Project - Mining Proposal for Pilot Ponds Submitted
8/26/2015LD Project - Development Update
8/5/2015APPENDIX 3B
7/31/2015APPOINTMENT OF JOINT COMPANY SECRETARY
7/31/2015JUNE 2015 QUARTERLY CASHFLOW REPORT
7/31/2015JUNE 2015 QUARTERLY ACTIVITIES REPORT
7/16/2015Change of Director's Interest Notice (MR)
7/10/2015LD Project - Excellent Drilling Results
7/10/2015Corporate Presentation - Developing the LD Project
7/10/2015Appendix 3B
6/26/2015Change in substantial holding (MR)
6/26/2015Notice pursuant to paragraph 708A(5)(e) of the Corps. Act
6/26/2015Appendix 3B - Placement
6/22/2015Request for Trading Halt
6/22/2015A$5 million raised for the LD Potash Project
6/3/2015LD Project - Further Core Data Received
5/29/2015Chairman's Address to Shareholders
5/29/2015Results of Annual General Meeting
5/27/2015Change in substantial holding (MR IRC)
4/8/2015Appendix 3B
4/2/2015LD Scoping Study Returns Significant Results
4/1/2015ANNUAL REPORT 2014
3/26/2015Corporate Presentation - Developing the LD Project
3/26/2015LD Resource Expansion Commencement of Drilling
3/26/2015Clarification Statement
3/26/2015Change of Director's Interest Notice (MR)
11/11/2014Dora West Project – Drilling Results
11/11/2014Quarterly Report for Period ended 30 September 2014
10/16/2014Request for Trading Halt
3/18/2014Form 604 (MR)
3/18/2014Appendix 3Y (MR)
3/18/2014Disclosure Notice Under Section 708A(5)(e)
2/27/2014Appendix 3B
2/11/2014The directors of Global Resources Corporation Limited are pl...
1/28/2014Company Presentation
12/11/2013Response to Price Query
10/28/2013Final allotment of shortfall
10/8/2013Allotment of Shortfall
9/4/2013Notification of Shortfall from Rights Issue
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