Ann: Drilling Commences at Lake Wells Potash Project, page-18

Valid point...but...they have already found high grade samples in trench work done.

Geoscience Australia1 identified Lake Wells as one of the highest potassium potential salt lake​

systems in Australia
Lake Wells Project

Grade, brine composition and volumes are key
• Brine pit sampling at Lake Wells returns very high SOP values
• 7.36 kg/m3 K equivalent to 16.41 kg/m3 SOP
• 6.10 kg/m3 K equivalent to 13.60 kg/m3 SOP
• Average across all pit samples of 4.93 kg/m3 K equivalent to
11.00 kg/m3 SOP
Brine
composition
LD
(ASX: RWD)1 Lake Wells
Ca (kg/m3) 0.46 0.63
K (kg/m3) 5.54 4.93
SOP (Kx2.23) 12.37 11.00
Mg (kg/m3) 5.92 8.73
Na (kg/m3) 93.58 74.10
Cl (kg/m3) 151.20 127.10
SO4 (kg/m3) 25.95 18.67
TDS (g/l) 237 243 1. Reward Minerals Limited, Melbourne Mining Club Presentation, May 2014
Geoscience Australia identified potential brine recharge from
ring paleochannel feature at Lake Wells
• Historic and GPH drilling records show strong groundwater inflow and
the presence of a deep (+60m) paleochannel in the central part of
the project area
Preliminary brine chemical analysis
further indicates high grade SOP
potential
• Forward work program includes full suite of​

hydro-chem. analysis

This is a bi drill program imo to possibly define a JORC resource on the Lake Wells Project.

Not a difficult resource to define and will only take $500,000 exp to get a JORC resource on it.

MC could easily be $10m NOW imo. Currently $3.5m. Share price could comfortably be at 12c imo. dyor