Reward, Northern Territory

Zinc & lead

Zinc & Lead

The Reward project is located in one of the world’s most well-endowed zinc-lead regions which, contains approximately 20% of the world’s zinc reserves.

Highlights:

  • Mineral Resource at Teena of 58 Mt @ 12.7% Zn+Pb (11.1% Zn, 1.6% Pb) for 7.4 Mt of contained Zn+Pb
  • Mineral Resource at Myrtle of 44 Mt @ 5.0% Zn+Pb (4.1% Zn, 1.0% Pb) for 2.2 Mt of contained Zn+Pb
  • Number of other known Zn-Pb prospects still to investigate
  • Teck Australia Pty Ltd  earning up to a 70%  interest by spending a total of $15 million by 31 August 2018
  • Recently Teck exercised its pre-emptive right to purchase the Company’s interest in the project for $20.6 million, comprised $8.0 million cash, $3.6 in tradeable ASX or TSX- Listed shares, a promissory note for $5.25 million payable after 3 years with a 10% p.a. interest rate, and a deferred payment of $3.75 million payable in completion of a Feasibility Study or 6 years, whichever occurs earlier. 
Project Gallery
Quick Facts
  • Location: 700km south-east of Darwin, Northern Territory
  • Tenement Size: 669km2
  • Commodities:  Zinc and lead
  • Asset: 49% + Farm-out Agreement
Project Maps