The Meekatharra gold project, which is located in central Western Australia, is a wholly owned entity of Reed Resources Ltd and was acquired in January 2011 with a resource of 2.5Moz.

Resources have since been increased to 3.2Moz @ 1.7g/t and reserves have been increased to 533,000oz @ 2.5g/t.

Resource of 14.9 million tonnes @ 1.3% Li₂O for 201,000 tonnes of contained Li₂O. The resource is open along strike and down dip.

The Mount Marion Project is planned to initially commence operations with a capacity of 200,000 tpa of 6% Li₂O chemical grade spodumene concentrate, 60,000 tpa of mica and 30 tpa tantalite concentrate

Definitive Feasibility Study into the production of ferrovanadium was completed in May09.

An MOU for the offtake of the entire production during the first ten years has been signed with a major commodity trader.

Operations currently on hold while appropriate ore treatment options are sourced.

The total Indicated and Inferred Mineral Resource now comprises 534,000 tonnes at an average grade of 10.8g/t Au for 186,000 ounces of gold.

Cliffs Natural Resources has earned an eighty per cent interest in Reed Resources' Mt Finnerty Iron Ore project.

Cliffs are targeting an initial resource of 5-10Mt of DSO to complement their Koolyanobbing operations.

Previous exploration in the area by Western Mining Corporation (WMC) during the 1970s discovered a gossan; and two vertical drill holes in a subsequent drilling program intersected 1.34% Ni (BRFP28) and 1.14 % Ni (BRFP21) each over an interval of 3 metres.

In addition, four highly anomalous soil geochemical anomalies have been identified that are coincident with the basal ultramafic/basal contact, spread over 10km of strike.