Proactive Investors - Run By Investors For Investors

Reward Minerals appoints the experienced Greg Cochran to the helm

Cochran was most previously the managing director of Deep Yellow for five years.
Reward Minerals appoints the experienced Greg Cochran to the helm
LD is Australia’s largest brine sulphate of potash deposit

Reward Minerals Ltd (ASX:RWD) has secured the services of Greg Cochran as chief executive officer to lead the company into a new era focussed on the delivery of its Tier 1 Lake Disappointment Sulphate (LD) of Potash Project.

Cochran’s appointment heralds a new phase for Reward which will see it build organisational depth and initiate a board renewal.

This will enhance the skills of the company to take the LD Project from Prefeasibility and permitting through project finance, development and ultimately production.

The current mineral resource for the project includes:

- A drainable (extractable) resource of 153 million tonnes of sulphate of potash in brine averaging 11.35 kilograms SOP/m3 of brine; and

- A shallow (0-6 metres) drainable resource of 7.48 million tonnes of sulphate of potash in brine grading 13.4 kilograms SOP/m3 brine recoverable by surface trenching.

The development plan for the project assumes that brine will be abstracted from shallow trenches on the playa for at least the first ten years of operation.

Colin McCavana, chairman, welcomed the appointment of Cochran, commenting:

"We are pleased that Greg has agreed to join us to build and lead a team capable of delivering our 100%-owned LD SOP Project in Western Australia.

"With the Prefeasibility Study due for completion early in the new year and the imminent submission of the project’s Environmental Impact Assessment I believe that LD will once again be acknowledged as a world-class asset and the leading project of its kind in Australia."

View full RWD profile View Profile

Reward Minerals Ltd Timeline

Related Articles

Tomingley gold mine
February 25 2019
Potential offtake partners may have electric-vehicle market demand in mind.
A Ghana map showing its capital Accra
January 16 2019
A PFS found that the project in Ghana could generate US$1.4 billion free cash flow before tax.
1542997473_serbian-landscape.jpg
November 23 2018
Freeport can earn into the two licences, which are within the southern portion of the Timok Magmatic complex

© Proactive Investors 2019

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use