Reward Minerals (ASX:RWD) is preparing to reveal details of a capital raising.
The company is delineating and de-risking its LD Potash Project in Western Australia.
The LD Project currently has a 24.4 million tonne potassium sulfate (SOP)resource hosted in a geologically rare brine deposit from surface to an average of 4 metre depth.
The ASX has granted the company a trading halt, with its shares placed in pre-open.
The halt will remain in place until the opening of trade on Friday 19th June 2015, or earlier if an announcement is made to the market.
Scoping Study metrics
A Scoping Study suggests that the LD Project is globally significant with potentially the lowest capital intensity SOP project worldwide.
The total capital cost estimate is A$320 million, with a low mine gate operating costs of A$204/t SOP.
Reward Minerals (ASX:RWD) is preparing to reveal details of a...
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Mkt cap ! $10.88M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 46317 | 3.9¢ |
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| Price($) | Vol. | No. |
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