Reward Minerals Limited (ASX:RWD)

Exploring and developing world-class sulphate of potash (SOP) projects in Australia.

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About Us

Reward Minerals Limited is an Australian-based company focused on the exploration and development of sulphate of potash (SOP) resources. The company's flagship project is the Kumpupintil Lake Potash Project, located in the Little Sandy Desert of Western Australia. Additionally, Reward is advancing the Carnarvon Potash Project, leveraging innovative processing technologies to recover high-purity SOP from seawater and other high-sulphate brines.

Latest News

Lunch Wrap: ASX edges up as Trump says ‘buy’; Bitcoin roars back above US$102k

9th May 2025

Reward Minerals Full Year 2024 Earnings: AU$0.10 loss per share (vs AU$0.10 loss in FY 2023)

2nd April 2025

Closing Bell: ASX sustains morning gains; global hunger for critical minerals abounds

26th March 2025

Company Overview

Established in 1986, Reward Minerals Limited (ASX: RWD) is dedicated to developing high-grade sulphate of potash (SOP) projects in Australia. The company's primary asset, the Kumpupintil Lake Potash Project, encompasses 1,400 km² of granted tenements and is situated approximately 300 km east of Newman, Western Australia. This project is recognized as one of the largest and highest-grade SOP brine deposits in the country.

In addition to Kumpupintil Lake, Reward is progressing the Carnarvon Potash Project, located north of Carnarvon in north-western Australia. This project involves the development of new processing technologies aimed at recovering high-purity SOP from seawater and other high-sulphate brines. The company's strategic acquisition of the Beyondie Potash Plant in 2024 is expected to play a pivotal role in advancing the Carnarvon Project by providing existing infrastructure to support pilot studies and future production.

Board & Management

Dr Michael Ruane

Executive Director

Dr Ruane holds a PhD in Chemistry and has over 40 years’ experience as a Technical Consultant in the chemical and metallurgical fields.

As Reward’s founder and largest shareholder, Dr Ruane is considered to be the pioneer who identified Australia’s true SOP potential and was the first person to list an Australian-focused potash company on the ASX. As a direct result of this foresight, WA now has multiple advanced-stage SOP Projects with two undergoing development.

Dr Ruane has held a number of directorships in other listed companies in the past, including with Metaliko Resources (2017) and Intermin Resources (2016).

Lorry Hughes

Chief Executive Officer

Mr Hughes is an Economic Geologist with 30 years’ resources industry experience and was previously Managing Director and CEO of Yandal Resources Ltd (2018-2022) and South Boulder Mines Ltd (2008–2013) during highly successful periods. At South Boulder Mines Ltd, he was responsible for the discovery and initial development of the world class Colluli potash project in Eritrea.

He has comprehensive mining, development and exploration experience from working on numerous projects in Australia and in overseas locations including Malaysia, Indonesia and Africa. His specific commodity experience includes gold, potash, uranium, vanadium and base metals.

His corporate and technical expertise includes capital raising, company promotion, corporate strategy, feasibility study delivery, geological Resource definition/expansion and mine planning.

Colin Mccavana

Chairman

Mr McCavana has over 30 years experience in mining and earthmoving industries, including the management, acquisition, exploration and development of projects in Australia, USA, Tanzania, Mozambique and Indonesia.

Directorships held in other listed companies in the past include Northern Minerals (2006).

Rod Della Vedova

Non-Executive Director

Mr Della Vedova holds a postgraduate degree in Chemical Engineering and has over 30 years experience in large scale commercial production of salt by solar evaporation techniques.

Bianca Taveira

Company Secretary

Mrs Taveira was appointed to the role of Company Secretary on 15 April 2010. She also currently serves as Company Secretary of ASX listed company, Yandal Resources Limited (ASX:YRL).