Reward Minerals Acquires Beyondie Licence, Eyes Copper-Gold Exploration
Reward Minerals has acquired a key exploration licence covering the Beyondie Potash Plant and is progressing its proprietary potash processing technologies alongside new copper and gold exploration initiatives.
- Acquisition of Exploration Licence E69/4247 covering Beyondie Potash Plant
- Ongoing engagement with strategic investors in salt, fertilizer, and chemical sectors
- New exploration licence application targeting iron oxide copper-gold mineralisation
- Progress on heritage agreements and data compilation for Kalgoorlie Gold Projects
- Cash position of approximately $1.225 million with exploration expenditure of $93,000
Strategic Acquisition at Beyondie
Reward Minerals Limited (ASX, RWD) has taken a significant step forward by acquiring Exploration Licence E69/4247, which encompasses the Beyondie Potash Plant (BPP) and associated infrastructure in Western Australia. This licence covers critical assets including evaporation ponds, brine recovery trenches, and stockpiles that were part of the former Beyondie Potash Project operated by Kalium Lakes Limited until 2023. Reward now holds a fully constructed processing plant and related facilities, positioning itself to potentially restart operations with reduced capital expenditure.
Advancing Proprietary Potash Processing Technologies
The company continues to develop and refine its Reward Process, also known as the Syngenite Process, which enables the recovery of high-purity potassium sulphate (SOP) from seawater and other high-sulphate brines. Recent breakthroughs in alternative processing methods promise even greater efficiencies by eliminating the need for gypsum addition and complex flotation steps. Reward is actively pursuing patent protections internationally and engaging with potential joint venture partners from the solar salt, fertilizer, chemical, and finance industries to commercialise these technologies.
Diversifying Exploration with Copper and Gold Targets
In line with its dual asset strategy, Reward has applied for a new exploration licence targeting iron oxide copper-gold (IOCG) mineralisation approximately 325 kilometres east of Carnarvon. The North Bore Copper Project hosts a large geophysical and geochemical anomaly yet to be drilled, offering promising exploration upside. Additionally, Reward is progressing heritage agreements and compiling data for its Kalgoorlie Gold Projects, which include three licence applications near established gold mining centres. These projects represent an exciting brownfields opportunity with historical drilling and known mineral occurrences.
Financial Position and Operational Outlook
During the September quarter, Reward spent approximately $93,000 on exploration activities and held cash reserves of about $1.225 million at quarter-end. The company also maintains unsecured loan facilities totaling $5.7 million, provided by Executive Director Dr Michael Ruane, supporting its ongoing operations and asset acquisitions. Reward’s management remains bullish on the long-term demand for SOP fertiliser and is focused on advancing its processing technologies, securing joint ventures, and evaluating additional acquisition opportunities in potash, copper, and precious metals.
Next Steps and Market Positioning
Looking ahead, Reward plans to continue engagement with industry players worldwide to explore joint venture possibilities, advance statutory approvals for exploration programs, and evaluate logistics for relocating the Beyondie Potash Plant. The company’s integrated approach, combining proprietary technology with strategic asset acquisitions, aims to position Reward as a competitive, low-cost producer of high-quality SOP fertiliser with diversified mineral interests.
Bottom Line?
Reward Minerals is strategically positioning itself to leverage proprietary technology and diversified assets, setting the stage for potential growth in potash and base metals markets.
Questions in the middle?
- What timelines and financial terms will define potential joint ventures involving the Beyondie Potash Plant?
- How will heritage agreements impact the pace of exploration and development at the Kalgoorlie Gold Projects?
- What are the commercial prospects and scalability of Reward’s new potash processing technologies compared to existing methods?
