Reward Minerals Ltd is pleased to advise that the Annual General Meeting of Western Desert Lands Aboriginal Corporation (WDLAC), the representative PBC for the Martu people, was held at Parngurr on 12-14 September 2011 and that the Agenda included Reward?s Lake Disappointment Potash project.
Reward Director, Michael Ruane presented a detailed outline of the project and Reward?s proposals to the Martu people addressing Heritage, cultural and commercial considerations proposed by Reward for the development of potash recovery operations at Lake Disappointment.
Following in-depth consideration by the meeting, two resolutions were passed in relation to the Lake Disappointment Project namely:
1) That the Martu people instruct WDLAC to continue talks with Reward Minerals about the Lake Disappointment Project.
2) That the Martu elders meet in the near future to specifically discuss the Lake Disappointment Project.
WDLAC will coordinate the necessary meetings to give effect to the AGM resolutions.
WDLAC has undertaken to organise the meeting of the Martu elders (Resolution 2) as a matter of priority.
Reward has undertaken to submit a draft Mining Agreement to WDLAC incorporating the terms and conditions proposed by Reward for the Lake Disappointment Project for WDLAC?s consideration.
Michael Ruane Director
RWD Price at posting:
$1.11 Sentiment: ST Buy Disclosure: Held
