lake disappointment - any chance ?

given the recent ann. of RWD - is there a chance for STB ?

RWD ann. 01122011 :

LAKE DISAPPOINTMENT POTASH PROJECT UPDATE
ASX ANNOUNCEMENT
1 DECEMBER 2011

Reward Minerals Limited advises that the Western Desert Lands Aboriginal Corporation (WDLAC) – the PBC for the Martu People has called a Special General Meeting of Martu for the 19-20 December 2011.

The first item on the Agenda of the SGM is “The Proposed Potash Project at Lake Disappointment”.

The Company also advises that further negotiations are scheduled to be held between the elected WDLAC Negotiation Committee and Reward during the week commencing 5th December in Perth to consider the draft Mining Agreement
relating to the Lake Disappointment project.

The WDLAC Negotiation Committee comprises 14 Martu members authorised to talk for country and Martu people.

Reward is optimistic that Mining Agreement terms can be finalised at next week’s negotiations meeting and that following consideration during the period up to the
SGM the Martu people will be in a position to vote on accepting or rejecting Rewards proposed agreement at the SGM on 19/20 December 2011.

M. Ruane
Director

source:
http://www.asx.com.au/asxpdf/20111201/pdf/4230krps7vj7ht.pdf

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South Boulder’s 100% owned Lake Disappointment Potash Project is located in the Gibson Desert in Western Australia, approximately 400 kilometres from Newman.

The project comprises a single exploration licence application E45/3122a covering around 572 square kilometres over the same lacustrine system which contains Reward Minerals Limited’s JORC compliant potash resource. South Boulder’s licence is immediately east of and adjacent to Reward’s project area.

The project area contains two key target lacustrine systems covering in excess of 80 square kilometres of prospective drainage.

Upon grant of the licence South Boulder intends to commence exploration efforts to determine the potential for the project to contain an economic potash resource.

source:
http://www.southbouldermines.com.au/projects/fertiliser/lake_dissapointment/