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 3.6Moz @ 1.7g/t and reserves have been increased to 750,000oz @ 2.1g/t.
Production recommenced in October 2012.
Reed has a 3 staged strategy to exploit the Resources, Reserve and inventory base of the extensive Meekatharra Gold assets.
Stage 1 aims to produce 134,000 ounces from its open pit ore sources that are within 6.5km of Reed's Bluebird processing facility.
Stage 2 will exploit the remaining 618,000 ounces of Reserves predominantly from Paddy's Flat, Yaloginda and Reedy project areas with production sourced from open pit and underground.
Stage 3 will be executed concurrently with Stage's 1 and 2 and will utilise the latest targeting and exploration techniques with the aim of converting as many of the 2.8M Resources ounces to Reserves as possible whilst defining further Resources and Reserves.
|Mt Marion Lithium||
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
A Definitive Feasibility Study into the production of ferrovanadium was completed in May09.
The Company is currently evaluating the recovery of titanium, vanadium and iron via a proprietary hydrometallurgical route.
|Comet Vale Gold||
Currently on care & maintenance. High grade JORC resource of 186,000 oz at 10.8 g/t Au.
|Mt Finnerty Iron||
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.
|Mt Finnerty Nickel||
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.