Prospective "Super Pit"
Green Leader Equities Research
latest news...
January 19, 2012
Gold reserves increased by 40% to more than 750,000oz
Total Reserves (including underground) increased 40% to 750,800oz of gold
Open pit Reserves increased 59% from 308,000oz to 491,700oz
Bankable Feasibility Study on schedule to be delivered in February
Finalisation of Paddys Flat ‘Super Pit’ optimisation imminent
January 11, 2012
Key appointments to support production and expansion at Meekatharra Gold Project
Reed Resources Ltd has bolstered its management and operations team with the appointments of Mr David Lim as Chief Financial Officer, Mr Geoffrey Cheong as Processing Manager, and Mr Kenneth Fairless as Maintenance Superintendent.
The appointments further expand the management and operations experience of Reed Resources and strongly position the Company to bring its flagship Meekatharra Gold Project back into production in late 2012.
November 15, 2011
Meekatharra - Resource and Reserve Upgrade
Total Resources increase by 498,000oz to 3.27Moz.
Open pit Reserves increase by 18% from 251,000oz to 308,800oz.
Total Reserves (including underground) now stand at 533,700oz.
New open pit Reserves strengthen a robust mining plan.
October 31, 2011
Quarterly Activities Report
Meekatharra Gold Project
- Bankable Feasibility Study ahead of schedule
- Mineral Resource Inventory increased 86,900 oz to 2.84 Moz Au
- New Paddy’s Flat Underground Reserve 225,000 oz at 3.6g/t Au & 1,125oz per vertical metre
- Staged Recommencement of Mining Strategy – Stage 1 Low risk, Open Pit only
- Joint project finance advisors appointed
Mt Marion Lithium Project
- Mineral Resource Inventory increased 38% to 14.9Mt at 1.35% Li2O
- Construction of modular processing plant well advanced
- Reviewing timing/production profile pending marketing review of high-grade mica products
Barrambie Vanadium Project
- EPC estimate indicates $100m saving over original DFS
- Draft EPC Contract received – formal discussions per MOU cease
- Evaluation of broadening recovery to produce titanium and iron feedstocks
Nimbus
- Sale of Nimbus silver mine to Macphersons Reward Gold Limited completed
Cash and Listed Securities - A$17.9m
October 14, 2011
Notice of AGM
Notice is hereby given that the 2011 Annual General Meeting of shareholders of Reed Resources Ltd will be held at the Celtic Club, 48 Ord Street, West Perth, on Tuesday, 15 November 2011 at 3:00pm Western Standard Time.
September 9, 2011
Meekatharra - Underground Gold Reserve
Total underground Probable Reserves of 1.96Mt @ 3.6g/t for 225,000oz.
Underground mining plan completed accessing five ore bodies from existing single decline.
September 8, 2011
Completion of Nimbus sale
Reed Resources has received consideration comprising of $3 million cash, 5.36 million MRP Shares, and $0.3 million for the reimbursement of certain costs. As part of the disposal of KOTC, Reed Resources has retained a 1% net smelter royalty on zinc production from KOTC’s two mining leases. Reed Resources has also secured a toll treatment option at the Nimbus processing plant for ore from its Comet Vale gold project.
