Reward Minerals Ltd · ASX:RWD
Reward Minerals — Investor Presentation (May 2011)
23 slides from Reward Minerals's investor presentation, May 27, 2011
Slide 1: Reward Minerals Limited – Australia's Potash Company
REWARD MINERALS LIMITED Australia’s Potash Company Company Update May 2011
Slide 2: Disclaimer
Disclaimer This Presentation is provided on the basis that neither the Company nor its respective officers, shareholders, related bodies corporate, partners, affiliates, employees, representatives and advisers make any representation or warranty (express or implied) as to the accuracy, reliability,
Slide 3: Snapshot as at 26 May 2011
Snapshot as at 26 May 2011 Share Capital Directors Ordinary Fully Paid Shares on Issue 72,958,996 Mr Colin McCavana Current Share Price $0.88 (Chairman) Dr Michael Ruane, PhD MRACI Market Capitalisation $64.2 million (Executive Director) Current Cash Position $5.6 million Mr Cyrille J Van Heyst, BEc
Slide 4: Company Highlights
Company Highlights Primary focus is on production of Potash in Australia No Potash producers in Australia. Potash prices remaining buoyant through the general commodities downturn. Lake Disappointment – JORC resource 25 million tonnes of potassium sulphate (SoP) (0 – 4 metres). Lake Mackay
Slide 5: Reward's Potash Projects
_ Reward’s Potash Projects ial Lake Mackay Project $ Cairns nit ) Syglownsville Adavale Project | >) Lake Disappointment Project 2) me Merlinleigh ( Gascoyne, \Nenren Sub-basin ( wa Carnarvon ® } a Byro \ w * ‘Sub. + Meekatharra nua basin \ {CY Cooleatitlava eonora ss ift y Geraldton ‘s" ift J Gasco
Slide 6: Overview of Potash
Overview of Potash Potash is a generic term for various potassium salts. Used primarily as an agricultural fertiliser. Increases yields, water retention and disease resistance. Potassium (K) is one of three primary nutrients for plants. Potash has no substitute as a plant nutrient. Two com
Slide 7: Lake Potash Projects - Brine Parameters
Lake Potash Projects - Brine Parameters Lake Disappointment Lake Mackay Brine Brine (grams/litre) (grams/litre) TDS 293 248 SG 1.19 1.19 NaCl 238 257 K2SO4 12.19 6.83 MgSO4 22.65 16.63 MgCl2 5.51 47.9 NaCl/K2SO4 19.5:1 37.6:1 Lakebed solids 30.5% 37.2% % brine Lakebed solids SG 1.95 tonne/m3 2.02 to
Slide 8: Lake Disappointment Project
Lake Disappointment Project JORC compliant resource 25Mt of SoP. (0-4m) Chemistry similar to Great Salt Lake – high sulphate brine. Negotiations with Traditional Owners recommenced early 2011. Negotiations currently in progress – on-country meeting in June for Martu Traditional Owners to rec
Slide 9: Lake Mackay
Lake Mackay DEFINED POTASH RESOURCE 20 Mt K2SO4 JORC compliant Indicated Resource. (0-2m) Located in the Gibson Desert, Western Australia. Internal drainage. Greater than 4m per annum evaporation. Less than 200mm per annum rainfall. Land access negotiations in progress with Traditional O
Slide 10: Lakes Disappointment/Mackay Project Summary
Lakes Disappointment/Mackay Project Summary Brine collected via lakebed trenches. Solar evaporation of brines to precipitate the salts. Flotation process to refine the potash. Transported to market. Total project cost – approximately $120 million. Current resources at each project have the pot
Slide 11: Mg – K2 – SO4 System at 25°C
Mg – K2 – SO4 System at 25°C (All points saturated with NaCl) Bischofite Mg Carnallite MgCl2 - 6H2O KClMgCl2 - 6H2O Kieserite MgSO4 - 6H2O MgSO4 - H2O Kainite MgSO4 - 7H2O MgSO4KCl - 3H2O Sea Water Leonite Great Salt Lake Brine Mg2SO4K2SO4 - 4H2O Astrakanite Schoenite Na2SO4MgSO4 - 4H2O MgSO4K2SO4 -
Slide 12: Exploration Projects
Exploration Projects Concurrent with the development at Lake Disappointment and Lake Mackay, Reward will continue its exploration for world class, buried evaporite hosted, potash deposits. The sedimentary basins of Australia are geologically similar to the Canadian and European basins and almost
Slide 13: Gascoyne Project
Gascoyne Project Located in the Carnarvon Basin in Western Australia. Recent drilling by RWD intersected a substantial evaporite horizon. Great infrastructure. Located less than 50km’s from the NW highway and the coastline. 15 exploration licences covering approximately 4,300sq kms. Geolog
Slide 14: Officer Project
Officer Project Located in the Officer Basin in Western Australia. Well defined target. Previous seismic surveys have delineated areas of salt uplift. Very large basin with very extensive salt horizons. Potential to host a world class potash deposit. Major salt diapers present – Madley, Brow
Slide 15: Adavale Project
Adavale Project Located in Central Queensland 600km inland from Gladstone. Three Granted Exploration Licences – 790km2 covering 85km of strike along the Warrego Fault. Very large evaporite occurrence within Reward’s tenements – 584 metre evaporite intercept in Bury 1 oil exploration well. Po
Slide 16: Adavale Project
Adavale Project Showing Interpreted Stratigraphic Location of Boree Salt Member Adavale Tenement Location Plan Showing Interpreted Extent of Boree Salt and Cross Section Location 16
Slide 17: Adavale Project Strategic Location
Adavale Project Strategic Location 17
Slide 18: Adavale Project Gravity
Adavale Project Gravity 18
Slide 19: Adavale Project Seismic
_ Adavale Project Seismic L Boree Salt Member 506.9m (Se es =e = BONY | Boree Salt Member 100.6m / A j; / Se: XS STAFFORD - 1 J _Kilometres > : | Boree Salt Member 76.2m “ D> MGA 94“Zone 55 LEGEND @ Petroleum Wells (7) REwaro Tenements Exploration Tenements —— Seismic Lines 19
Slide 20: Adavale Project Additional Opportunities
Adavale Project Additional Opportunities Salt production (NaCl). Caustic Soda* (NaOH), Chlorine (Cl2) and Hydrochloric Acid (HCl) production. Potential to produce Soda Ash (Na2CO3) and ammonium chloride (NH4Cl). Gas and CO2 storage in salt chambers created from dissolution of evaporites. The
Slide 21: Karinga Lakes Project
Karinga Lakes Project 21
Slide 22: Karinga Lakes Project
Karinga Lakes Project • The Karinga Lakes project comprises two granted Exploration Licences (1,740km2) and three pending EL applications (525km2) covering the Karinga playa lake system 150 kilometres south of Alice Springs, NT which appears to be an extension of the Lake Amadeus paleodrainage syste
Slide 23: 159 Stirling Highway Nedlands WA 6009 T: (08) 9386 4699
159 Stirling Highway Nedlands WA 6009 T: (08) 9386 4699 F: (08) 9386 9473 www.rewardminerals.com ASX Code: RWD