Reward Minerals Limited (ASX:RWD)

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

About Us

Reward Minerals Limited is an Australian-based exploration and development company focusing on its flagship Lake Disappointment Potash Project. The company is dedicated to producing high-quality sulphate of potash (SOP), a premium fertiliser essential for high-value crops. Reward Minerals aims to contribute to the agricultural industry by ensuring a reliable supply of this vital nutrient while prioritising environmental sustainability.

Company Overv

Reward Minerals Limited, headquartered in Perth, Australia, is a pioneering company specialising in the exploration and development of sulphate of potash (SOP) projects. Established with a vision to meet the growing demand for high-quality potash, Reward Minerals is focused on its primary asset, the Lake Disappointment Potash Project, located in Western Australia's remote Pilbara region.

The Lake Disappointment project stands out due to its large, high-grade SOP brine resource, which is poised to significantly impact the global potash market. SOP is a premium fertiliser favoured for its low chloride content, making it ideal for sensitive crops like fruits and vegetables. Reward Minerals is committed to advancing the Lake Disappointment project towards production, leveraging its vast resource base and strategic location to serve the international agricultural markets.

In addition to its core project, Reward Minerals also explores other potential potash resources, aiming to expand its footprint and enhance its portfolio. The company's long-term strategy is to become a leading supplier of SOP, ensuring sustainable and environmentally responsible production practices.

Board & Management

Dr Michael Ruane

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

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

Colin Mccavana


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

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

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).

Reward Minerals Limited

Follow Reward Minerals Limited

By submitting your information below you can keep up to date with their relevant news and announcements.

Fields marked with * are required.