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- Reward Minerals (RWD) has been granted Environmental Approval for its Lake Disappointment Potash Project by the Department of Agriculture, Water and Environment
- This announcement follows the recent WA State environmental approval
- The process for the approvals took over four years of engagement and weeks of public consultation, while comprehensive environmental impact studies started in 2012
- CEO Greg Cochran said this is one of the most significant achievements to date for the project
- On the market this afternoon, Reward is up 14.3 per cent and is trading for 16 cents per share
Reward Minerals (RWD) has been granted Environmental Approval for its Lake Disappointment Potash Project.
The approval was granted by the Australian Government’s Department of Agriculture, Water and the Environment.
The Commonwealth approval is until August 31, 2060, and is a crucial step forward in the development of one of the world’s largest high-grade brine SOP deposits. In June, Reward received the WA State environmental approval.
The approvals didn’t take overnight, with the company saying the processes took over four years of engagement and weeks of public consultation, while comprehensive environmental impact studies commenced as early as 2012.
Lake Disappointment is the first SOP Project in Australia to be “permitted under the dual exacting standards of a six-week public environmental review process at State level.”
CEO Greg Cochran said this is one of the most significant achievements to date for the project.
“[Lake Dissapointment] now has the major environmental approvals in place that will allow full production at the PFS level of 400,000 tonnes per annum of high quality, organically certifiable SOP for decades to come,” he said.
“My thanks go to our team of highly credentialed environmental consultants who helped to deliver this great result,” he added.
On the market this afternoon, Reward is up 14.3 per cent and is trading for 16 cents per share at 1:03 pm AEST.
