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Reward Minerals appoints Bechtel to review Lake Disappointment Potash Project

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World Fertilizer,

Advanced-stage sulfate of potash (SOP) exploration and development company Reward Minerals Ltd has announced that it has appointed EPCM company Bechtel to complete a review of its 100%-owned Lake Disappointment Potash Project (LDPP). The LDPP hosts Australia’s largest high-grade drainable SOP brine resource with the highest evaporation rate in the sector.

The project was recently granted environmental approval under the Environmental Protection and Biodiversity Conservation Act 1999 (Cth) for full production (~400 000 tpy SOP) which has effect until 31 August 2060. Western Australia State environmental approval was also obtained earlier in 2020.

Reward completed a detailed, positive pre-feasibility study for the LDPP just over 2 years ago. However, as a result of additional work subsequently conducted by the company and other industry related technical developments, it believes there is significant value to be unlocked by conducting this study.

The study will consider leading edge renewable energy solutions, processing flow sheet options and the project’s development schedule as well alternative logistics solutions. The review will be completed early in 2021.

Reward’s CEO, Greg Cochran, said: “We are pleased to appoint Bechtel to conduct this study to review and assess some exciting new options for the project. We believe that Bechtel’s global expertise in the field and in project delivery will unlock significant benefits which could substantially improve the project’s returns.”

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