REWARD MINERALS LTD - ASX Briefs

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REWARD MINERALS LTD (ASX: RWD)

RWD: Encouraging Copper Results

REWARD MINERALS LTD

Anomalous copper mineralisation has been returned from multiple RC drill holes at the McKay Range Farm-in and Joint Venture tenure.
Best downhole intercepts from the broadly spaced first pass program include 5m @ 0.15% Cu from 212m (Hole MO0004) and 2m @ 0.13% Cu from 202m (Hole MO0005).
Data review and planning for follow-up exploration is underway.

2023-04-24 08:15:00

RWD: Testwork Returns Highly Positive Results

REWARD MINERALS LTD

Latest laboratory program on Reward's new Potassium Sulphate processing technology has returned highly positive results, optimizing reaction times.
Small scale production achieved high-purity SOP with a concentration of 53.7% K2O, 56.8% SO4 and <0.1% Cl, analyzing 99.4% pure.
High-purity SOP production using simple processes and available equipment could lead to significant cost reductions for commercial scale operations.

2023-04-06 08:06:00

RWD: Successful Completion of Rights Issue

REWARD MINERALS LTD

Reward Minerals has completed its non-renounceable pro-rata rights issue.
Eligible shareholders subscribed for 8,718,087 new shares.
The capital raised will be used to advance the Reward Process technology towards commercialisation.

2023-03-22 10:13:00

RWD: Engineering Scoping Study Update

REWARD MINERALS LTD

Successful preliminary laboratory work confirms the efficacy of Reward's new processing technology for recovery of Potassium Sulphate from seawater and other high sulphate brines.
An ongoing follow-up program aims to optimize reaction times for reliably producing high-grade SOP.
Ongoing testwork supports the robustness and reproducibility of the new process and provides critical data for Reward's Australian Patent Application.

2023-03-16 09:29:00