Global miner Anglo American has entered into a $3 million joint venture agreement with West Perth-based Reed Resources over the Bell Rock Range nickel-copper project in Western Australia.
Reed Resources has raised $6.4 million and will raise a further $4.5 million in a share purchase plan to step up exploration and development activities on three separate projects.
Reed Resources has moved to expand its tenement portfolio, signing a $3.2 million option agreement to acquire the Mount Marion lithium project near Kalgoorlie.
Reed Resources says it is looking closely at the assets of collapsed Windimurra Vanadium as a feasibility study pegs capital costs of its nearby Barrambie vanadium project at $629 million.
West Perth-based Reed Resources has obtained an exclusive option to acquire a silver project and processing plant near Kalgoorlie from a private company for more than $2 million.
West Perth-based metals explorer Reed Resources Ltd has received confirmed commitments to a capital raising that will fast track its Barrambie vanadium project.
West Perth-based metals explorer Reed Resources Ltd has raised $16.2 million through a placement, with plans to complete a definitive feasibility study on its Barrambie vanadium project and advance future project development.
REED Resources has found an extensive surface outcrop of hematite iron oxide at its wholly owned Mount Finnerty Project, about 70 kilometres east of Koolyanobbing.
