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January 29, 2010

Quarterly Activities Report

Mt Marion

• Landmark JV with Mineral Resources Ltd (“MIN”) at the Mount Marion Project.
• Positive metallurgical testwork results
• completed Phase 1 drill program.

Gold production

• Record quarter ore produced.
• Agreement to resume 100% ownership.

Robust IP/EM anomaly identified beneath historic high-grade gossan at the Mount Finnerty Nickel Project.

4.66 Mt maiden iron ore resource at Mt Finnerty iron ore project in WA. Eight new targets planned for follow up drilling.

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January 18, 2010

Resource definition drill results

Phase 1 resource definition drilling (139 holes) confirms multiple, stacked, high-grade pegmatites at the Nos 1, 2 and 2W Deposits.

Average intercepts of high-grade mineralisation is 9.2m at 1.52% Li₂O and 1.4% Fe₂O₃, using 0.6% Li₂O lower cut-off grade.

Three additional pegmatite prospects have been delineated, including the 1W and 5 prospects.

Phase 2 resource extension drilling is underway (45 holes) and is expected to be completed by the end of January 2010.

Resource estimate planned for completion by April 2010.

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December 17, 2009

Robust Geophysical Target beneath historic Nickel Gossan

The IP-EM anomaly is along strike to the south of and below a ‘gossan’ with 5.1% Ni discovered by WMC in 1968.

The robust IP anomaly is approx. 150-400 m below surface and close to an interpreted basal ultramafic contact.

Diffuse EM anomaly, possibly a stratigraphic source, coincident with the IP anomaly.

IP-EM anomaly is below an extensive Pt+Pd soil geochemical anomaly detected in 2006.

RC/diamond drilling program planned for January 2010.

Reed Resources Ltd is earning 60% in the Barranco - Mt Finnerty tenements.

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December 15, 2009

Maiden Iron Ore Resource at Mt Finnerty

A maiden JORC Code compliant resource (Inferred) of 4.66 Mt (average grade 53.5% Fe) has been delineated at the Mt Finnerty iron ore project in Western Australia.

The resource contains significantly low levels of phosphorous and sulphur.

The Inferred resources at the Mt Finnerty prospects have provided sufficient encouragement to progress exploration of other targets, including some identified from a recent geophysical review

Mt Finnerty is held under a JV agreement with Cliffs Asia Pacific Iron Ore Pty Ltd holding 80% and Reed Resources Limited holding the remaining 20%.

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December 1, 2009

Professor Maria Skyllas-Kazacos on the Vanadium Redox Battery.

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November 19, 2009

Encouraging results point to 2010 startup at Mt Marion

Recently completed test work yields positive results.

Mass recovery to concentrate of 34% vs targeted 20% at target concentrate grade of +6.5% Li₂O

Phase 1 RC Drill Program to target 7-8Mt of 1.3-2% Li₂O has commenced.

中文版 - 瑞德（Reed）和矿产资源（Mineral Resources）继续推进Mount Marion 锂项目2010 年生产启动

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October 30, 2009

Quarterly Activities Report

During the quarter the Company:

• Secured an option to acquire the high grade Mount Marion Lithium Project, located approximately 40km south of Kalgoorlie in the Goldfields region of Western Australia.
• Acquired the Nimbus Silver Project and Processing Plant in Kalgoorlie for A$2.25M. The plant offers a long term milling solution for the Company’s high-grade Sand Queen Gold Mine operations.
• Signed an Option and Joint Venture Agreement on the Bell Rock Range Project with Anglo American Exploration (Australia) who can earn 75% of Nickel – Copper – PGE rights by spending A$3m.
• Completed a $6.4M Placement and opened an underwritten Share Purchase Plan for $4.5m, which closed in October oversubscribed.

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October 28, 2009

Drill results from the Mt Finnerty Iron JV

Drilling at the FIN9 prospect (24 holes; 3,364 metres) has confirmed BIF-hosted iron (goethitic) mineralisation over a strike length of about 550 metres. Several of the iron-enriched BIF intercepts include sections with grades in excess of 58% Fe (83% Fe2O3 equivalent), as follows:

Hole ID	Depth From	Depth To	Interval (m)	Fe (%)
MFRC063	56	60	4	58.19
MFRC069	58	65	7	58.39
MFRC073	48	55	7	58.53
MFRC076	17	21	4	59.76
MFRC077	2	17	15	58.80
MFRC077	21	24	3	58.57
MFRC079	2	23	21	58.09

The RC drilling programme targeted extensions to goethitic iron mineralisation in banded iron formations (BIF) at the FIN9, FIN10 and FIN11 prospects. These are three of the more advanced prospects along the NNW-SSE trending central spine of BIFs that traverses the full length of the Mt Finnerty project.

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October 27, 2009

Mount Marion Lithium Project to start-up in 2010

Reed Resources and Mineral Resources have reached a farm-in agreement for the development of the Mount Marion Lithium Project in Western Australia’s goldfields region.

Mineral Resources is to complete a feasibility study with a view to:

• build, own and operate the processing facilities;
• fund all development costs
• and operate the project,

to earn 40% of net profit from the operation with accumulated development and operational costs being repaid from future operations.

Reed will retain the balance of net profit (60%) and the right to purchase all Spodumene produced.

Based on the current timetable, Mineral Resources will mobilise processing plant and equipment to Nimbus site in Q2 2010, with first product shipments expected in Q3 2010.

Initial production rate is expected to be 17,000 tonnes per month of +6.5% Li₂O concentrate.

中文版 - 瑞德（Reed）和矿产资源（Mineral Resources）继续推进Mount Marion 锂项目2010 年生产启动

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October 23, 2009

Notice of AGM

Reed Resources' Annual General Meeting (AGM) of shareholders to be held at 3.00pm Western Standard Time on Thursday, 26 November 2009 at first floor, 104 Marine Parade, Cottesloe, Western Australia.

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