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Reward Minerals Ltd (ASX:RWD)

ALERT: Price-sensitive ASX Announcement for RWD
Current share price for RWD : $0.030 -0.004 (-11.76%)+
Announcement
Release
10 Jun 2026 10:56AM
Price at Release
$0.034
Full Release
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Summary
Reward Minerals Ltd has announced the commencement of field exploration activities at their Mountain Pond and Copper Lance projects in Newfoundland, Canada, focusing on high-priority gold and copper targets. The exploration activities, which began on 29 May 2026, include mineralisation verification and exploration reconnaissance at these sites. Reward's management, geological consultants, and drilling contractors have conducted site visits to assess project logistics and conditions for future drilling programs. Initial rock chip and soil samples have been collected and sent for analysis, with results expected in three weeks. The projects are strategically located near exploration services in Springdale, enhancing logistical efficiency. Future activities will include soil and rock chip sampling programs and the preparation for maiden diamond drilling at priority targets within the projects.
Key Points
  • Field exploration activities at Mountain Pond and Copper Lance projects have begun.
  • Site visits by Reward's management and consultants to assess logistics and mineralisation.
  • Initial rock chip and soil samples collected and sent for analysis.
  • Projects located near Springdale, enhancing logistical efficiency.
  • Future focus on soil and rock chip sampling and preparation for diamond drilling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.