Reward Minerals (ASX: RWD) will now move ahead with the exploration and feasibility stages for its Lake Disappointment potash project in Western Australia after securing a key agreement.
The Lake Disappointment Project Mining and Indigenous Land Use Agreement has now being registered by the National Native Title Tribunal on the Register of Indigenous Land Use Agreements.
This covers commercial terms and commitments by Reward in respect of cultural and heritage matters, employment and contracting of Martu people in the project development.
Reward had previously being awarded a Mining Lease and a Miscellaneous Licence covering the project.
Lake Disappointment has an Indicated Resource of 24.4 million tonnes of Potassium Sulfate based on 30 holes drilled on a 5 kilometre by 5 kilometre grid.
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