Reward Minerals (ASX: RWD) has been granted an ASX trading halt in relation to its Lake Disappointment Potash Project in Western Australia.
The company had earlier this month started drilling at Lake Disappointment (LD) and Lake Disappointment East.
In addition, the maiden drill program at Lake Dora West is expected to begin in the coming weeks following Department of Mines approval of submitted programme of works.
Drilling will test areas surrounding the current Lake Disappointment resource and regional palaeovalley brine potential.
This will also enhance the understanding and interpretation of regional airborne electromagnetic anomalies compiled by Geoscience Australia.
Lake Disappointment currently has an Indicated Resource of 24.4 million tonnes K2SO4.
Reward’s shares will remain in pre-open until the earlier of the announcement being made or the start of normal trading on 2 April 2014.
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