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1 www.reedresources.com www.reedresources.com
AGM 2014
Titanium Lithium F or
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Summary information: This document has been prepared by Reed Resources Ltd (“Reed” or “the Company”) to provide summary information about the Company and its associated entities and their activities current as at the date of this document. The information contained in this document is of general background and does not purport to be complete. It should be read in conjunction with Reed’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange, which are available at www.asx.com.au. Forward-looking information: This document includes certain statements, opinions, projections, forecasts and other forward-looking information which, while considered reasonable by Reed, are inherently subject to significant uncertainties and contingencies. Many known and unknown factors could cause actual events or results to differ materially from estimated or anticipated events or results included in this document. Recipients of this document are cautioned that forward-looking statements are not guarantees of future performance – they must make their own independent investigations, consideration and evaluation of the opportunity to invest in the Company. By accepting this document, recipients agree that if they proceed further with their investigations, consideration or evaluation of the opportunity to invest in the Company, they will make and rely solely upon their own investigations and enquiries and will not in any way rely upon this document. Any statements, opinions, projections, forecasts and other forward-looking information contained in this document do not constitute any commitments, representations or warranties by Reed and its associated entities, directors, agents and employees, including any undertaking to update any such information. Except as required by law, and only to the extent so required, directors, agents and employees of Reed shall in no way be liable to any person or body for any loss, claim, demand, damages, costs or expenses of whatsoever nature arising in any way out of, or in connection with, the information contained in this document. Financial data: All figures in this document are in Australian dollars (AUD) unless stated otherwise. Not financial product advice: This document is for information purposes only and is not financial product or investment advice, nor a recommendation to acquire securities in Reed. It has been prepared without taking into account the objectives, financial situation or needs of individuals. Before making any investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek legal and taxation advice appropriate to their jurisdiction.
Investment risk: An investment in securities in Reed is subject to investment and other known and unknown risks, some of which are beyond the control of Reed. The Company does not guarantee any particular rate of return or the performance of Reed. Investors should have regard to the risk factors outlined in this document.
Competent Persons Statement: The information in this document that relates to “Barrambie Scoping Study Results”, “Mt Marion test work results”, “Barrambie Mineral Resource Estimates”, “Mt Marion Mineral Resource Estimates” and Mt Marion – Successful Semi-Pilot Plant Results is extracted from ASX Releases set out below. The Company confirms that it is not aware of any new information or data that materially affects the information included in the ASX Releases set out below, and in the case of estimates of mineral resources, that all material assumptions and technical parameters underpinning the estimates in those ASX Releases continue to apply and have not materially changed. The Company confirms that all the material assumptions underpinning the production target and the forecast financial information derived from the production targets in the Barrambie Scoping Study and Mt Marion Pre-feasiblity Study continue to apply and have not materially changed.
Disclaimer
13/11/2013 Barrambie - Scoping Study Results 2/12/2013 Mt Marion – Breakthrough test work results 6/12/2013 Barrambie – Amended JORC 2012 Mineral Resource Estimate 9/12/2013 Mt Marion – JORC 2012 Mineral Resource Estimate 30/6/2014 Mt Marion – Successful Semi-Pilot Plant
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Corporate
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Company Strategy RDR is a specialist resource developer which generates shareholder value by identifying, securing and value adding to mining interests with strategic resources having long-term fundamentals aligned to 21st century commodity demands. RDR aspires to co-venture the development of its core assets with strong partners to reduce operating and financial risk. RDR seeks to maintain its focus on its core lithium and titanium assets. RDR is committed to the expeditious realisation of its non-core assets to strengthen its balance sheet and give cash flow for funding of its core projects RDR is committed to re-establishing a key small team of executives and board members to give it an appropriate/critical mass and skill/experience base to drive its endeavours.
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Group structure chart
Reed Resources Ltd
Australian Vanadium
Corporation (Holdings) Pty Ltd
Barrambie Gas
Pty Ltd
Barrambie Titanium Project
Mount Finnerty Pty Ltd
Mount Finnerty Iron
Reed Industrial Minerals Pty Ltd
Mount Marion Lithium Project
70%
Process Minerals Int’l Pty Ltd (Mineral Resources Ltd)
30%
Nickel Exploration
Reed Exploration
Pty Ltd
DBNGP Transmission
Contract
Active Divestment
Process
Core
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Minerals for the 21st Century
Lithium Lithium Titanium
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Achievements FY2014
Mt Marion • Patented flowsheet • Proved in semi-pilot
plant • Partner selection in
progress
Barrambie • Licenced flowsheet • Proved in mini-pilot
plant • Commenced PFS
Project divestments • Reduce gas bond $2.7M • Divested gold assets
• Meekatharra $5.1M ** • Comet Vale $1.9M
Cash at Bank A$13.1M 30 June 2014*
* Includes $6.2M of restricted access term deposits ** Includes cancellation of 24M RDR shares ~ $500k value
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Goals 2015
Mt Marion • Offtake for
concentrates • Partner for LiOH • Final investment
decision
Barrambie • Complete Pre-feasiblity
Study • Procure industry
partner • Commence pilot plant
Project divestments • Reduce gas bond further • Divest non-core assets
• Yilgarn nickel • Mt Finnerty iron
Build a new business, Neometals Increase share price
NOTE: FORWARD LOOKING STATEMENTS
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Corporate Overview
ASX Code: RDR OTC: RDRUY Last close ( 27 Nov 2014) $ 0.028
Shares on issue M 499.4
Cash (30 Sept 2014) $m 11.7
Incl Restricted Term Deposit $m 6.2
Market capitalisation $m 15
Major shareholders
Melaid Holding Inc 8.6%
David Reed (*) 5.4%
Top 20 (5 Nov 2014) 34%
(*) Excludes $2M convertible note at 3 cents
Capital Structure
Institutional overhang removed F
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Corporate Overview
Board
David Reed OAM Non-executive Chairman
Steven Cole Independent Director
Chris Reed Managing Director/CEO
Board and Management
Management
Jason Carone Company Secretary Financial Controller
Bill Crossley Mining Engineer
Mike Tamlin Project Manager Lithium
Mike Spratt Project Manager Titanium F
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Mount Marion Lithium Project RDR 70%, MIN 30% (Fund and operate) F
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Captive Resource Infrastructure Mine Ready
Secure Lithium Mineral Supply
Note: Mineral Resource Estimate (JORC2012) on Page 43
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