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A RECORD GOLD price and emerging
technologies underpin Reed Resources'
prospects as it establishes a stable of metals -
from the precious to the somewhat exotic.
Reed bought the 2.5 million ounce Meekatharra
gold project in January 2011 and plans to have it
back in production by 2012. More than 130,000
ounces were added to the project's reserves in the
first 6 months of ownership and they now stand
at more than 500,000 ounces.
Demand for lithium is commonly believed to be
set to increase dramatically as electrification of
cars and bikes will require hi-tech lithium based
batteries. Reed owns the Mt Marion Lithium
project near Kalgoorlie in partnership with
Mineral Resources and plans to make it the
world’s second largest supplier of hard rock
lithium by early 2012.
Vanadium is traditionally used as an important
ingredient in high-strength steel alloys and
China's need to source more vanadium to satisfy
its growing appetite for steel has been the
driving force behind its demand. However,
global demand for emission-free technologies
could cause demand to skyrocket for vanadium
as its role as a critical component of cutting
edge energy technologies is becoming apparent.
Reed’s Barrambie Vanadium deposit has proven
to be Australia's highest grade vanadium reserve
identified to date. The Company has completed
a definitive feasibility study and is currently
exploring finance options.
For more details visit:
www.reedresources.com
Reed Resources Ltd
Emerging supplier of critical metals to the world