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August 4, 2008

Barrambie Feasibility Study Update

Mine planning has indicated a grade of >0.8% V₂O₅ compared with the plant design grade of 0.7% V₂O₅.

The associated increased metallurgical recoveries will necessitate a partial plant redesign to accommodate the >30% increase in output.

A 30,000m RC drilling program has been completed over an extra 6km of strike for additional mineral resource and reserve estimations.

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July 31, 2008

Quarterly Activities Report

Barrambie (vanadium) – Revised Mineral Resource estimate increases resource by 50% and confirms Barrambie as an exceptionally high-grade deposit with 0.82% V₂O₅ (using a 0.5% V₂O₅ block cut-off grade). This is the highest resource grade of any of the major vanadiferous magnetite deposits in Australia. DFS due for completion by 15 August 2008.

Comet Vale (gold) – Record ore production, quarter totaled 7,556 tonnes at an estimated grade of 12.1g/t Au, including 5,672 tonnes of high grade ore at an estimated grade of 13.8g/t Au. Latest milling campaign contributes 700 ounces at cash costs (C1) of A$398/oz, generating margin of A$566/oz.

Mt Finnerty (iron) – RC drilling results from FIN10 include 12m @ 62.6%, 11m @ 61.4% and 10m @ 60.4% Fe. RAB program for secondary iron to commence this quarter.

Mt Finnerty (nickel) – Geochemical and geophysical anomalies to be tested by RC drilling in August. RAB program to commence this quarter.

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July 24, 2008

Reed Appoints Steven Cole as Deputy Chairman

As RDR has matured as an ASX listed corporation with a current market capitalization in the vicinity of $110 million, and with the Company’s Barrambie Vanadium Project in the final stage of evaluation, it is timely for RDR to strengthen its Board with a clear focus on governance.

“With the Company now attracting institutional investor support and having regard to the ASX Corporate Governance Council Recommendations, Steven’s governance oversight from a deputy chair role will facilitate my continuation as executive chairman of the Company” stated David Reed.

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July 11, 2008

Western Areas planning drilling program for nickel at Mt Finnerty

RC and RAB drilling programs are planned to be undertaken in the September Quarter. The RC drilling program will test the anomalous nickel values in drill hole MFR064 as well as two IP anomalies which were identified west of the interpreted basal ultramafic contact. MFR064 intersected 25m @ 0.91% Ni and up to 31ppb PGE from 6m.

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July 8, 2008

Increase in Substantial Shareholding Notice

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June 19, 2008

Gold Coast Resources Showcase presentation video

A video of the Company's presentation at the Gold Coast Resources Showcase on June 12 can be viewed at the link above.

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June 5, 2008

$12m Placement to Strategic Investors

$12m raised at $0.90 per share to a syndicate led by Transocean Securities and Patersons Securities to advance the Barrambie Vanadium Project.

Strategic investors included Nicholas Curtis (current executive Chairman of Lynas Corporation) and several leading international institutional investors.

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May 29, 2008

Gold Production - Latest Milling Results

Fifth toll treatment campaign produces 1,466 oz Au (Reed's 50% share = 700oz).

Estimated C1 Cash Costs of A$398/oz generate a margin to Reed of A$566/oz.

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May 14, 2008

Director increases shareholding

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May 6, 2008

Barrambie Project Expansion and Resource Increase

Expansion of Definitive Feasibility Study to produce Ferrovanadium:

• Achieves significant price premium over vanadium pentoxide.
• Enhances project economics.

Significant increased recoveries and reductions in throughput rates from Optimisation Study testwork and metallurgical characterisation.

New Mineral Resource estimate increases resource by 50% and confirms Barrambie as an exceptionally high-grade deposit with 0.82% V2O5 (using a 0.5% V2O5 block cut-off grade). This is the highest resource grade of any of the major vanadiferous magnetite deposits in Australia.

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