Environment
Reed Resources operates in and around areas of environmental significance. The company is therefore quite aware of its responsibilities towards the environment and has undertaken significant measures to ensure that the integrity of the environment is maintained.
Further more, we must demand that all contractors working on the Company's projects adhere to the Company's Environmental Policies.
MT FINNERTY IRON ORE PROJECT
On 14 May 2007, Western Australia's Environmental Protection Agency (EPA) released EPA Bulletin 1256 advising on recommended measures to protect areas deemed to be of high conservation value in proposed extensions to the Mount Manning Nature Reserve, including that:
- an A Class Nature Reserve to include the highest priority conservation areas be established;
- the precautionary principle be applied in relation to proposals to offset loss of highly habitat specific Banded Iron Formation endemic species through translocation to other sites.
Importantly, the entire Mount Finnerty Project is outside the priority area recommended by the EPA to become an A Class Nature Reserve, and therefore the company expects to be able to continue its exploration of them in accordance with its normal practice of environmental compliance. Reed Resources has completed full fauna and flora surveys on its tenure, and the prospective tenements been endorsed for iron ore under section 111 of the Mining Act.
