Board Change • Apr 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 21
First half 2026 earnings released: EPS: AU$0 (vs AU$0 in 1H 2025) First half 2026 results: EPS: AU$0 (in line with 1H 2025). Net loss: AU$137.8k (loss narrowed 34% from 1H 2025). Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Board Change • Jan 07
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 24
Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 27, 2025 Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 27, 2025. Location: at the offices of moore australia, level 44, 600 bourke street, melbourne Australia Reported Earnings • Oct 02
Full year 2025 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2024) Full year 2025 results: AU$0.001 loss per share (in line with FY 2024). Net loss: AU$416.3k (loss narrowed 38% from FY 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$338k free cash flow). Shares are highly illiquid. Negative equity (-AU$370k). Earnings have declined by 5.2% per year over the past 5 years. Revenue is less than US$1m (AU$944 revenue, or US$620). Market cap is less than US$10m (AU$1.94m market cap, or US$1.28m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Sep 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jun 11
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 14
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Apr 03
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 18
First half 2025 earnings released: EPS: AU$0 (vs AU$0.001 loss in 1H 2024) First half 2025 results: EPS: AU$0 (improved from AU$0.001 loss in 1H 2024). Net loss: AU$207.4k (loss narrowed 44% from 1H 2024). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has fallen by 58% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$338k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$338k free cash flow). Shares are highly illiquid. Negative equity (-AU$370k). Earnings have declined by 5.2% per year over the past 5 years. Revenue is less than US$1m (AU$944 revenue, or US$593). Market cap is less than US$10m (AU$1.55m market cap, or US$976.2k). Minor Risk Shareholders have been diluted in the past year (25% increase in shares outstanding). Board Change • Feb 13
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Jan 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Oct 28
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 24% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$479k). Earnings have declined by 7.4% per year over the past 5 years. Revenue is less than US$1m (AU$1.9k revenue, or US$1.2k). Market cap is less than US$10m (AU$1.52m market cap, or US$1.01m). Minor Risk Shareholders have been diluted in the past year (24% increase in shares outstanding). Duyuru • Oct 25
Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 28, 2024 Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 28, 2024. Location: offices of moore australia, level 44, 600 bourke street, melbourne Australia Reported Earnings • Oct 02
Full year 2024 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in FY 2023) Full year 2024 results: AU$0.001 loss per share (in line with FY 2023). Net loss: AU$667.9k (loss narrowed 14% from FY 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 49% per year, which means it is significantly lagging earnings. New Risk • Sep 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-AU$182k). Revenue is less than US$1m (AU$2.5k revenue, or US$1.7k). Market cap is less than US$10m (AU$1.86m market cap, or US$1.27m). Minor Risk Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Duyuru • Sep 17
Reedy Lagoon Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.239081 million. Reedy Lagoon Corporation Limited has filed a Follow-on Equity Offering in the amount of AUD 1.239081 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 619,540,732
Price\Range: AUD 0.002
Transaction Features: Rights Offering Duyuru • Dec 20
Reedy Lagoon Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.02 million. Reedy Lagoon Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.02 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,857,143
Price\Range: AUD 0.007
Transaction Features: Subsequent Direct Listing Duyuru • Oct 20
Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 22, 2023 Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 22, 2023, at 10:00 AUS Eastern Standard Time. Location: offices of Moore Australia, Level 44, 600 Bourke Street Melbourne Victoria Australia Agenda: To receive and consider the Directors' Report and Financial Accounts for the year ended 30th June 2023 together with the Auditor's report thereon; to consider Adoption of the Remuneration Report for the year ended 30 June 2023 and Re-election of Adrian Griffin as a director; to consider Issue of options to directors, Issue of shares to directors at market. Reported Earnings • Sep 30
Full year 2023 earnings released Full year 2023 results: Net loss: AU$772.6k (loss narrowed 44% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. New Risk • Aug 30
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 11% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$961k free cash flow). Share price has been highly volatile over the past 3 months (24% average weekly change). Revenue is less than US$1m (AU$778 revenue, or US$503). Market cap is less than US$10m (AU$3.70m market cap, or US$2.39m). Minor Risk Shareholders have been diluted in the past year (11% increase in shares outstanding). Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.001 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.001 loss per share (improved from AU$0.002 loss in 1H 2022). Net loss: AU$476.8k (loss narrowed 53% from 1H 2022). Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Oct 24
Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 25, 2022 Reedy Lagoon Corporation Limited, Annual General Meeting, Nov 25, 2022, at 10:00 AUS Eastern Standard Time. Location: offices of Moore Australia, Level 44, 600 Bourke Street, Melbourne, Victori Melbourne Australia Agenda: To consider Adoption of the Remuneration Report for the year ended 30 June 2022; to consider Re-election of Jonathan Hamer as a director; To consider Issue of options to directors; To consider Issue of shares to directors at market. Reported Earnings • Oct 04
Full year 2022 earnings released: AU$0.003 loss per share (vs AU$0.001 loss in FY 2021) Full year 2022 results: AU$0.003 loss per share (further deteriorated from AU$0.001 loss in FY 2021). Net loss: AU$1.39m (loss widened 137% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 71% per year, which means it is well ahead of earnings. Duyuru • Sep 28
Reedy Lagoon Corporation Limited receives Remaining Gold Assay Results from Soil Sampling at Burracoppin Gold Project Reedy Lagoon Corporation Limited has received the remaining gold assay results outstanding from soil sampling conducted earlier in the year at its 100% owned Burracoppin Gold Project located roughly midway between Perth and Kalgoorlie in the central Wheatbelt of Western Australia. Highlights include: Windmills prospect: Assays greater than 5 ppb Au received theresults provide infill to link earlier results from samples to the south and extend northwardsindicating a strike extent measuring at least 1.4 kilometres; Located adjacent and parallel to the regional Yandina Shear Zone. Lady Janet prospect: Assays greater than 5 ppb Au received results provide infill that links earlier similar tenor assay results from samples along two separated sets of traverses. The combined results form a contiguous zone extending at least 1.2 kilometres north-south; Located adjacent and parallel to the regional Yandina Shear Zone. Exploratory sampling: Assays greater than 5 ppb Au received from wide spaced exploratory traverses. During the period January to April this year 1,240 soil samples were collected at the Burracoppin Goldproject. This report includes gold assay results for the 690 samples not previously available and compliments the earlier reporting of gold assay results for 550 samples. The 690 samples for which assays are now reported includes results from samples collected under wet ground conditions that required different sampling protocols than were used for the prior sampling. These different sampling protocols led to delays in getting the samples to the assay laboratory. At Windmills the new assay results for gold include levels greater than 5 ppb along 6 traverses providing similar tenor gold results along 8 adjacent traverses 200 metres apart. Results from 2 lines located at 400 metre line spacing to the north have also reported samples with similar tenor gold but in smaller numbers. Windmills was initiated last year when geochemical data recovered from soil samples on a traverse in an area devoid of any known past sampling identified an auriferous zone 800 metres wide. Soil sampling results now combine to extend the auriferous zone to measure at least 1,400 metres by 400 metres. The prospect is located about 1.5 kilometres east from the mapped location of the Yandina Shear Zone and the auriferous zone is elongated in a direction parallel to it. At Lady Janet, gold assays received for infill soil samples collected from the region between two previously isolated anomalous gold zones combine to form one contiguouszone extending 1,200 metres located to the east of the Yandina Shear Zone within which samples on 6adjacent traverses at 200 metre separations reported with at least 5 ppb gold. The gold assay values show a clear drop to less than 1.2 ppb gold along the eastern ends of the traverse lines suggesting the results may be related to underlying geology and lend support to the exploration method in this environment.RLC's original soil sampling at the prospect was attracted to the Lady Janet area by a 1936 reportdescribing small scale underground minning. Two exploratory traverses in the southern part of the project area, 800 metres apart, have recovered anomalous gold. Infill sample-lines are needed to investigate if the line results are linked and sample traverses to the north and south are warranted to investigate for extensions. Duyuru • Jun 28
Reedy Lagoon Corporation Limited Announces That Reedy Lagoon Extended Gold Anomalies At Burracoppin WA Reedy Lagoon Corporation Limited announced that Soil sampling has recovered gold in samples along trend from Windmills and identified additional gold anomalies at the Burracoppin Gold project in Western Australia. At the Windmills prospect, anomalous gold has been recovered from samples collected 600 metres to the south and along trend from the discovery traverse. In the south of the project area, two "scout" traverses spaced 800 metres apart also show anomalous gold. The sampling comprised follow-up sampling at gold anomalies identified in soil samples last year, including at Windmills and at Lady Janet and first pass exploratory sampling in areas previously unsampled (refer ASX release 27/05/2021). The current program commenced in January and was completed in April. Gold assays have been received for the first 550 samples of the total 1,283 samples collected during this phase of sampling. The remaining 733 samples for which assays are pending includes samples collected under wet ground conditions requiring different sampling protocols which have led to delays in getting the samples to the assay laboratory. All remaining samples collected are expected to be delivered to the assay laboratory by the end of the month. The advances at the Windmills prospect and at the two southern traverses are described in more detail below. Windmills prospect: Follow-up sampling at the Windmills prospect includes 4 east-west sample traverses at 200 metres separation to the north and to the south of the scout traverse which identified anomalous gold reported last year. Results have been received from the traverses located to the south of the target. The traverse closest to the target for which results have been received is located 600 metres to the south and has recovered gold along trend from and with similar tenor to the recoveries on the discovery traverse. The new supporting traverse has 5 samples with greater than 5 ppb gold (highest 26.7 ppb) within an envelope of 9 samples all greater than 2 ppb gold. Additional samples have been acquired along east-west traverses at 200 metre separations northwards over the discovery traverse and for a further 800 metres to the north. Results from these additional samples are not yet available. Exploration "scout" sampling hits success, requires follow-up: Two "scout" traverses in the south of the project area, 800 metres apart, recovered anomalous gold from adjacent positions on the traverses. Results from this first pass sampling are encouraging. Infill sample-lines are needed to investigate if the results are linked and sample traverses to the north and south are warranted to investigate for extensions. About the sampling: A total of 1,283 soil samples have been collected during the current program. The sampling was undertaken on foot along traverse lines orientated across target mineralisation trends. A sample is taken at 50 metre intervals along the traverse and involves digging a small pit from which soil is sieved to collect about 150 grams of minus 180 micron sized particles. Where sample moisture content precludes sieving at point of collection, a larger sample (about 3/4 kilogram) was collected for subsequent drying and sieving. 550 of the soil samples collected have been assayed for low detection gold (0.1 ppb detection limit) by an independent laboratory and these results are presented in this report (refer to the attachments for laboratory details and assay procedures). Background levels of gold in these samples are considered to be less than 2 ppb gold (83.6% of the samples have this level), and anomalous levels of gold in these samples are considered to be greater or equal to 5 ppb gold (4.2% of the samples have this level). 733 of the samples collected remain to be assayed. These samples are expected to be submitted to the laboratory for low detection gold assay this week with results expected by the end of August. Assessment of the benefit of additional assay, including multi-element, to investigate for path-finder elements, will be determined after the additional gold assay results have been received. Next steps include completion of gold assays for the 733 samples collected and not yet assayed, infill and extension sampling at identified anomalies, systematic soil sampling to recover geochemical data to aid targeting gold-bearing mineralised systems for drill testing and additional exploratory traverses in untested areas. The Burracoppin Gold project is located in the central Wheatbelt of Western Australia roughly midway between Perth and Kalgoorlie on the Great Eastern Highway, Route 94. The Edna May Gold Mine is located 20 kilometres to the northeast of the project and the newly opened Tampia Gold Mine is about 60 kilometres to the south. Initial focus of exploration includes a structural feature, the Yandina Shear Zone, and areas adjacent to it. Current results are building the Windmills prospect with additional assay data pending from infill samples; and a new area of interest has been created in the south by the Company's wide spaced scout sampling. Duyuru • Jun 16
Reedy Lagoon Corporation Limited Stakes Additional Ground for Lithium in Northern McDermitt Caldera, Oregon USA Reedy Lagoon Corporation Limited has successfully staked a further 192 placer claims over an area of 1,557 hectares to increase its Alvord project in the Northern McDermitt Caldera located in Oregon, USA. The additional ground staking is part of a deal which gives the Company access to a number of lithium targets generated by GoldPlay LLC in the Northern McDermitt Caldera area. The additional ground is a result of GoldPlay's early exploration activities in the area and it provides a significant boost to the Company's Alvord lithium project announced 3 weeks ago with the staking of claims located to the south of Alvord Lake. The project is targeting lithium brines associated with geothermal hot springs and playa lakes which coincide with the axis of a rifted valley along the margin of the Northern McDermitt Caldera. The project area is located within three interconnected enclosed basins that exhibit internal drainage. The claims cover the marginal zone of the caldera, adjacent valley floor and playa lake system. The areas staked by RLC coincide with the central axis of a rifted valley that post-dates the formation and collapse of the Northern McDermitt caldera. The Northern McDermitt caldera is located 25 kilometres north west of the McDermitt Caldera1 where Lithium Americas Corp. is evaluating the Thacker Pass lithium-clay deposit and Jindalee Resources Limited is evaluating the McDermitt lithium-clay deposit. At both of these deposits the primary source of lithium is the volcanic ash that has been deposited within a crater lake formed after a very large volcanic eruption and subsequent collapse of the caldera. The ground staked by RLC, including the current staking under the deal with GoldPlay and the Company's earlier staking is in the outer margin of the Northern McDermitt caldera and coincides with a zone of high heat flow2 due to geothermal hot springs that are controlled by major north-south striking faults. The high heat flow and geothermal activity together with the wide distribution of volcanic ash from the eruption of multiple calderas over geologic time is seen as a favourable environment for the formation of lithium enriched brines and lithium clay deposits. The staking of the Alvord North property consolidates RLC's ground position in the Northern McDermitt Caldera area. The ground that has been staked has been selected because it: is proximal to the margin of a major Tertiary volcanic caldera that has documented lithium (clay) deposits associated with devitrified ash deposits at McDermitt Caldera, is relatively unexplored compared to McDermitt caldera, contains multiple hot springs occurrences outboard of the caldera which coincide with high heat flow and major fault zones, and coincides with axis of a gravity "low" as documented by State of Oregon, Department of Mineral Industries, Open File Report O-80-103. The gravity "low" therefore defines the zone of maximum fault extension and greater thickness of sediments in the valley. Duyuru • May 23
Reedy Lagoon Corporation Limited secures ground for lithium in Northern McDermitt Caldera, Oregon USA Reedy Lagoon Corporation Limited has successfully staked 298 placer claims over an area of 1,998 hectares to form the Alvord project in the Northern McDermitt Caldera located in Oregon, USA. The project is targeting lithium brine deposits associated with geothermal hot springs and playa lakes which coincide with the axis of a rifted valley along the margin of the Northern McDermitt Caldera. The claims cover the marginal zone of the caldera, adjacent valley floor and playa lake system. The area staked by RLC coincides with the central axis of a rifted valley that post-dates the formation and collapse of the Northern McDermitt caldera. The Northern McDermitt caldera is located 25 kilometres north west of the McDermitt Caldera where Lithium Americas Corp. is evaluating the Thacker Pass lithium-clay deposit and Jindalee Resources Limited is evaluating the McDermitt lithium-clay deposit. At both of these deposits the primary source of lithium is the volcanic ash that has been deposited within a crater lake formed after a very large volcanic eruption and subsequent collapse of the caldera. The ground staked by RLC is in the outer margin of the Northern McDermitt caldera and coincides with a zone of high heat flow due to geothermal hot springs that are controlled by major north-south striking faults. The high heat flow and geothermal activity together with the wide distribution of volcanic ash from the eruption of multiple calderas over geologic time is seen as a favourable environment for the formation of lithium enriched brines and lithium clay deposits. RLC has secured the prospective ground by staking 298 placer claims covering a total area of 1,998 hectares (4,938 acres) on US Federal land which is administered by the Bureau of Land Management (BLM). The claims are located in Harney County, Oregon. RLC has 60 days from the date of marking-out the claims to record them with the Harney Co Recorder's Office, and a further 30 days to file them with the BLM. This process involves payment of a recording fee to Harney Co and the BLM and the payment of one-year's annual claim rental per claim to the BLM. Formal acknowledgement of filing the claims is not normally received until several months after this process has been completed. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 2 highly experienced directors. Independent Non-Executive Director Adrian Griffin was the last director to join the board, commencing their role in 2014. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 10
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.002 loss per share (down from AU$0.001 loss in 1H 2021). Net loss: AU$1.02m (loss widened 307% from 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 84% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Jan 12
Reedy Lagoon Corporation Limited Receives Csiro Models Reedy Lagoon's Western Australian Iron Deposit Reedy Lagoon Corporation Limited has received preliminary results from its collaboration with the CSIRO to develop a method of determining magnetite resources using petrophysically constrained magnetic modelling. The Company's interest in this work is in gaining information that can be used to guide its drilling to determine a Mineral Resource for the Burracoppin Magnetite Deposit located between Perth and Kalgoorlie in Western Australia. The work completed to date by the CSIRO has included sub-sampling of intervals of core to obtain petrophysical data which were used to calculate relationships between iron grade, magnetic susceptibility and density. These data were then used to generate a 3-D magnetic/density model of the mineralization using the airborne magnetic data from the survey flew in 2010/11. Results to date have been presented to the Company and its consultant, H & S Consultants Pty Ltd, with preliminary modelling being most encouraging. Additional assay data are expected later this month and will be incorporated into the model once available. The CSIRO model of the deposit incorporates complicated structure involving double plunging superimposed folding cut by numerous north to east-north-east striking faults. The CSIRO's investigations found magnetite morphology showing stratiform layering and shear related fabrics. It is thought that structure has controlled magnetite replacement but the replacement is locally stratiform. This would reduce the significance of the dip of individual structures as any dip may be only local. The CSIRO model has potential to significantly assist the Company's planned drilling. The CSIRO model presents an alternative interpretation of the deposit geometry that differs significantly from that used to initially plan the Company's drilling to determine whether a Mineral Resource is present in the project area. Duyuru • Jan 06
Reedy Lagoon Corporation Limited Announces Seismic Results for Rlc's Lithium Project in Nevada USA 2D shallow seismic reflection (SSR) survey identifies shallow reflectors in basinal structure at Reedy Lagoon Corporation Limited's Alkali Lake North Project in Nevada, USA. Preliminary report and interpretations of the processed data have been presented to the Company. The SSR was planned to gain information about the effectiveness of the SSR method at the project and, if successful, recover data that enables better characterization of the brine targets identified in Audio Magneto-telluric ("AMT") data. The survey also tests the use of the "PinPoint" source: a cost effective, environmentally friendly method. The Company has not yet received a final report on the work completed nor its results, however preliminary observations and interpretations include the following: The survey appears to have successfully imaged some reflectors located in the top 500 metres. Coherent and continuous reflectors are observed in the middle portion of the survey line. Seismic character degrades significantly in the eastern part of the traverse with reflectors appearing less coherent and discontinuous. Reflectors pull up towards the eastern and western ends of the line suggesting sedimentary layers sag downwards in the central portion of the project area which would be consistent with our interpreted basin structure from gravity data. The survey work was commenced on 24 November and completed on Sunday 28 November 2021. Data was collected along a single traverse measuring 7 kilometres in length orientated east-west through the centre of the project area. The seismic line was designed to gain further information about the depth to and number of aquifers indicated in the Company's AMT survey data on its Alkali Lake North lithium brine project. The survey also tests the use of "PinPoint" source, which is essentially a shot-gun cartridge fired into the ground. The PinPoint source method has low impact on the environment and is cost efficient. The PinPoint source delivers a relatively small amount of energy into the ground. For better penetration and to less ambiguously characterise deeper geology it is thought a more powerful source than PinPoint, such as a vibroseis vehicle is likely to be required. However, for acquiring data that aids modelling brine targets at depths to about 500 metres in the Alkali Lake North project environment the PinPoint source and SSR method has demonstrated its usefulness. Duyuru • Nov 24
Survey Commences on Reedy Lagoon Corporation Limited's Lithium project in Nevada USA 2D shallow seismic reflection (SSR) survey has commenced at Reedy Lagoon Corporation Limited's Alkali Lake North Project in Nevada, USA. The field crew commenced mobilization to the project area 5 days ago, completed site layouts and commenced the survey this morning. Data acquisition over the 7 kilometre long SSR survey line is expected to be completed over the next 5 days with results interpreted and reported before the end of December. The Project has multiple brine targets indicated in AMT survey data. The targets have substantial size and extent and are located within a discrete basin interpreted from gravity survey data. The Company considers these to be prime targets for lithium bearing brine. Duyuru • Sep 03
Reedy Lagoon Corporation Limited announced that it expects to receive AUD 1.12 million in funding Reedy Lagoon Corporation Limited announced a private placement of 70,000,000 common shares at a price of AUD 0.016 per share for gross proceeds of AUD ?1,120,000? on September 3, 2021. The transaction involves participation from institutional and sophisticated investors. The issue price represents a discount of 19% to the company’s 15 day VWAP of CAD 0.0197 and 20% to the company’s last closing price of AUD 0.02. The issue of the shares is not subject to its shareholders approval. Duyuru • May 29
Reedy Lagoon Corporation Limited Announces Gold Advances at Burracoppin, WA Reedy Lagoon Corporation Limited announced that Gold targets are supported and enhanced by new multi-element assays from the soil samples collected in December 2020 and January 2021 at the Burracoppin gold project. The results comprise assays for 48 elements completed by Intertek Genalysis Perth using four acid digest and mass spectrometer analysis. The results aid the interpretation of the mineralizing environments associated with the previously reported gold recoveries. The results also show good to excellent correlation with the previously obtained pXRF results lending confidence in the pXRF method for soil samples in the project area. Next steps include systematic soil sampling to recover geochemical data for targeting gold-bearing mineralised systems for drill testing and additional exploratory traverses in untested areas. The new assay data has enhanced the gold anomaly identified on a traverse over sandy soils in an area devoid of any known past sampling. Now named the Windmills prospect, it is evident in the geochemical data as an auriferous zone 800 metres wide associated with arsenic and antimony lying west of a mafic unit evidenced by elevated copper and nickel in soils. Sample plots of the assay data for the Windmill prospect sample traverse follow, together with plots for the traverse located 6,400 metres to the north of the Windmill prospect traverse. Results are interpreted to indicate a possible "near miss" with gold and arsenic increasing to the west and possibly associated with a mafic rock indicated by increasing nickel and copper. Follow-up sampling will test the area to the west. Lady Janet - L18: Results from the area around and extending more than 1.5 km south of the Lady Janet mine indicate the gold in this area is associated with As, Bi, In, Sb, and W (pathfinders) and Co, Cr, Ni, Sc, Ti, V indicating a mafic host. Reported Earnings • Mar 19
First half 2021 earnings released: AU$0.001 loss per share (vs AU$0.001 loss in 1H 2020) First half 2021 results: Net loss: AU$251.5k (loss narrowed 16% from 1H 2020). Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Duyuru • Feb 10
Reedy Lagoon Corporation Limited Enters into an Agreement with Dinsdale Consultants Pty Ltd and Smelt Tech Consulting Pty Ltd to Pursue A Commercial Objective of Establishing Green Iron Production in Western Australia Reedy Lagoon Corporation Limited has entered into an agreement with Dinsdale Consultants Pty Ltd. and Smelt Tech Consulting Pty Ltd. to pursue a commercial objective of establishing green iron production in Western Australia using HIsmelt Technology to smelt magnetite from the Burracoppin deposit using biochar as the reductant instead of coal. The concept of producing green iron in Western Australia began when RLC's managing director, Geof Fethers, met Jim Cribbes, principal of Dinsdale and Neil Goodman, principal of Smelt Tech at a conference in Perth in 2019. Duyuru • Aug 27
Reedy Lagoon Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.674621 million. Reedy Lagoon Corporation Limited has completed a Follow-on Equity Offering in the amount of AUD 0.674621 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 67,462,074
Price\Range: AUD 0.01
Transaction Features: Rights Offering 