Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (July 2013)
26 slides from Reward Minerals's investor presentation, Jul 16, 2013
Slide 1: Reward Minerals Limited Presentation
Reward Minerals Limited Presentation July 2013
Slide 2: Forward Looking Statements & Disclaimer
Forward Looking Statements & Disclaimer This document includes forward-looking statements. When used in this document, the words such as “could”, “plan”, “estimate”, “expect”, “intend”, “may”, “potential”, “should”, and similar expressions are forward-looking statements. Although RWD believes that t
Slide 3: Investment Highlights
Investment Highlights Small cap company with a single focus – Potash. Significant Potash resources in surface brine deposits in Australia discovered by the Company. Resources of 24.4Mt of SOP in Lake Disappointment, WA + 20.5Mt SOP in Lake Mackay, WA – high sulfate brine sources. Numerous bu
Slide 4: Corporate Information
Corporate Information Capital Structure 16 July 2013 ASX:RWD Board Mr Colin McCavana Non Executive Director, Chairman Ordinary Shares on Issue 73.8m Options on Issue1 12.15m 31+ years experience in the mining and earthmoving industries FAICD and Director of Northern Minerals Share Price A$0.30 D
Slide 5: Project Locations
Project Locations Lake Mackay Project 125 7 [Lake Disappointment Froject = Gascoyne ‘Newman Block J |WA Byro 5 ~ Sub- f Meekatharra basin ¢ \ Officer Basin \ N tes Cogleatdlaya | Ri Leona} Project _| Adavale L Project Eromanga Basin Ru REWARD MINERALS LTD °%\°:
Slide 6: Key Project - Lake Disappointment
Key Project - Lake Disappointment Lakebed brine Potash Resource. Large internal drainage basin – 1200km2. JORC compliant Indicated Resource of 24.4Mt of SOP to a depth of 4 metres. Resource brine grade 0.547% K or 1.22% SOP (12.2kg/m3 brine). Chemistry similar to Great Salt Lake – high sul
Slide 7: Lake Disappointment - Project Location
Lake Disappointment - Project Location The Lake Disappointment Project is 340km from Newman. Potash recovery operations are expected to be located on the northern perimeter of the Lake. 6
Slide 8: Lake Disappointment – Project Area Tenements
Lake Disappointment – Project Area Tenements 7
Slide 9: Lake Disappointment – Resource Parameters
Lake Disappointment – Resource Parameters SOP Resource Estimate – In Situ Resource Lower Volume estimate 3.95 x 109m3 Upper Volume estimate 4.43 x 109m3 In situ sediment bulk density 1.946 Tonnes/m3 Lower Tonnage estimate 7.7 x 109 mT Upper Tonnage estimate 8.6 x 109 mT 3.17kg/Tonne Aver
Slide 10: Lake Disappointment – Phase I Drill Hole Plan - 2007
Lake Disappointment – Phase I Drill Hole Plan - 2007 9
Slide 11: Lake Disappointment – Drill Hole Cross Section Phase I Drilling
Lake Disappointment – Drill Hole Cross Section Phase I Drilling 10
Slide 12: Lake Disappointment – Drill Hole Collar Locations with Brine SOP Values
Lake Disappointment –Drill Hole Collar Locations with Brine SOP Values 11
Slide 13: Lake Disappointment – Brine Parameters
Lake Disappointment – Brine Parameters Total dissolved solids 293 g/L Specific gravity 1.19 g/L NaCl 238 g/L K2SO4 12.19 g/L Brine Sample Pit at Lake Disappointment MgSO4 22.65 g/L MgCl2 5.51 g/L NaCl/K2SO4 19.5:1 Lakebed solids % brine 30.5% Lakebed solids specific gravity 1.95 tonne/m3 Brine compo
Slide 14: Lake Disappointment – Process Parameters
Lake Disappointment – Process Parameters Assumptions A. K2SO4 output – refined product = 400,000 TPA D. Harvest K recovery from feed brine = 70% B. Harvest Grade 8.0% K = 17.85% K2SO4 E. Evaporation rate 5.5mm per day (average) C. Plant Recovery from harvest = 80% Process Parameter Calculations A. P
Slide 15: Pilot Evaporation Trial – Sep 2012 to Mar 2013
Pilot Evaporation Trial – Sep 2012 to Mar 2013 Key Parameters Initial Brine Volume 10,000 litres. Feed Brine analysis K 0.503% Mg 0.695% Na 7.85% Cl 17.8% SO4 2.14% Potash Mixed Salt Harvest weight - 983kg. Total Potassium (K) recovery to the combined harvest was 87.5% of input via the feed
Slide 16: Evaporation Trial – July 2013
Evaporation Trial – July 2013 Brine Analyses K Mg Na Cl SO4 Feed Brine g/l 19.55 53.25 53.45 210 55.0 End Brine g/l 0.85 133.7 1.80 N/A N/A K Recovery K Grade Halite Content % Harvest Recovery/Grade Data % % Product A 80.2 8.06 11.5 Product B 11.7 3.77 5.39 Product A + B 91.9 6.97 9.95 15
Slide 17: Pilot Evaporation Trial Photographs
Pilot Evaporation Trial Photographs 16
Slide 18: Proposed SOP Production Process
Proposed SOP Production Process Typically, harvested SOP salt is put through a milling, flotation, filtration and crystallisation process before it is ready to be distributed. START Harvested SOP salts Schoenite solids Milling / SOP water conversion 50 C crystallisation pulp SOP pulp NaCl tailings B
Slide 19: Typical Solar Evaporation/Harvesting Facilities
Typical Solar Evaporation/Harvesting Facilities Saline water is drawn into shallow solar evaporation ponds where the water is naturally evaporated by the sun and wind before the SOP salts are harvested. Note: Not all photographs are of Lake Disappointment. 18
Slide 20: Development Plan
Development Plan Activity Timing 1. Upgrade 45km of Talawana Track Completed 2. Complete Access Road (28km) – In progress July 2013 3. Establish exploration camp July 2013 4. Infill Drilling – Resource definition 2 x 2km grid over LD September 2013 5. Regional drilling – Resource expansion September
Slide 21: Preliminary Site Works Photographs
Preliminary Site Works Photographs 20
Slide 22: Preliminary Site Works Photographs
Preliminary Site Works Photographs 21
Slide 23: Potash Overview
Potash Overview Potash is a generic term for various potassium (K) salts Used primarily as a fertiliser – One of three primary agricultural nutrients – N P K – Increases yields, water retention and disease resistance Two main forms – Muriate of Potash (MOP) – KCl – Sulphate of Potash (SOP) – K
Slide 24: Mineral Production from Salt Lakes
Mineral Production from Salt Lakes Various other mineral products are also produced from salt lakes globally, using similar production concepts planned by Reward. Xinjiang Luobupo Potash Compass Minerals Lop Nur Qinghai Guoan Great Salt Lake, Big Quill Lake Dead Sea Works Potash (SOP, MOP) Dongtai
Slide 25: Proximity to Key Markets
Proximity to Key Markets Reward’s geographic location places it in close proximity to key Asian markets, which collectively accounted for over 50% of global Potash demand in 2011 East Asia 28.9% of West Asia Global Demand 11.6% of 2011 South Asia Global Demand 12.3% of 2011 Global Demand 2011 Reward
Slide 26: Competent Person Statement
Competent Person Statement Reward Minerals Ltd advise in accordance with ASX Listing Rule 5.6 that resource parameters provided in this presentation are based on information compiled by Mr Simon Coxhell who is a Member of the Australasian Institute of Mining and Metallurgy and is a technical consult