Reward Minerals to acquire Kalium Lakes for A$20m.

Reward Minerals, a potash-focussed advanced-stage exploration and development company, agreed to acquire Kalium Lakes, a mineral exploration and development company, for A$20m. “Reward is pleasedto have progressed the potential acquisition of the Beyondie SOP project on a debt-free basis, free of encumbrances to the execution of the Share Sale Agreement stage. Assuming that the proposed DOCA with Creditors, Shareholder Approval and Capital Raising are completed, the Reward team are keen to move quickly on evaluation of the plant and flowsheet modifications and costs for potentially recommissioning the Beyondie Project.The evaluation will also cover the incorporation of the Reward Process into the existing project layout and also for SOP recovery operations at other SOP resource sites," Michael Ruane, Reward Minerals Executive Director.