REED RESOURCES LTD

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Type: Public
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Stock Quote: ASX:RDR

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97 OUTRAM STREET
WEST PERTH
Western Australia
Australia, 6005
Phone: +61 (8) 9322 1182
Fax: +61 (8) 9321 0556

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Company Summary

Reed Resources Ltd is engaged in mineral exploration with focus on gold prospects. It has to two principal exploration projects at Comet Vale and Mount Finnerty, located in the Eastern Goldfields region of Western Australia.

Company News

Thursday, November 19, 2009

Property: MOUNT MARION LITHIUM

Reed Resources Ltd and joint venture partner Mineral Resources Limited, continue to advance the Mount Marion Lithium Project in Western Australia towards a 2010 production start-up, with metallurgical test work yielding positive results and a resource definition drill program to extend the current resource underway. The reported mass recovery to concentrate was 34% vs targeted 20% at target concentrate grade of +6.5% Li2O. The company has commenced Phase 1 of its Resource Definition drill program, targeting a Mineral Resource of 7-8 Mt of spodumene pegmatite at a grade of 1.3-2.0% Li2O. The drilling is expected to be complete by the end of November.

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