Reedy Lagoon has projects targeting iron in Western Australia and uranium in Western Australia, the Northern Territory and South Australia. In summary:

  • The Bullamine JV Iron (magnetite) project is a joint venture with Cliffs Natural Resources Inc, Nippon Steel & Sumitomo Metal Corporation and Sojitz Corporation. RLC retains a 25 % interest and Cliffs is the manager. The project is focussed on identifying sufficient iron resources to provide mining opportunities not far from Perth.
  • The Bullamine Hematite project is exploring for iron ore in the form of hematite, not far from Perth.
  • The Tanami and Winning Hill Uranium projects are exploration development projects in some of Australia's frontier uranium provinces.

RLC also has:

  • Uranium and REE mineralization that it is investigating at Edward Creek, on the Gawler Craton in South Australia.

 

January 18, 2013