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An announcement from Reward Minerals Limited ( (AU:RWD) ) is now available.
Reward Minerals has signed a binding letter of intent to acquire 100% of the Mountain Pond Gold Project in central northern Newfoundland, Canada, expanding its presence near its existing Copper Lance Project. The 32-claim, 8km² property lies close to the mining service town of Springdale and is easily accessible via established roads and ATV trails, helping keep exploration costs comparatively low.
Historic work at Mountain Pond has outlined the high‑grade Jackpot Prospect, where surface sampling of an outcropping quartz–sulphide vein and associated shear zone has returned assays of up to 23.77g/t gold and 7.48% copper but has never been drill tested. Reward is compiling data and preparing for field confirmation of historic results and maiden drilling of priority targets from May, positioning the project as a potential new high‑grade gold discovery and strengthening the company’s pipeline of quality drill targets for the year ahead.
The most recent analyst rating on (AU:RWD) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Reward Minerals Limited stock, see the AU:RWD Stock Forecast page.
More about Reward Minerals Limited
Reward Minerals Limited is an Australian-listed exploration company focused on precious and base metals, with growing interests in Canada. Its portfolio includes the Copper Lance Project in Newfoundland, and it is expanding its footprint in the region through acquisitions targeting underexplored, road-accessible terrane with potential for high‑grade gold and copper discoveries.
Average Trading Volume: 63,288
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$11.79M
Find detailed analytics on RWD stock on TipRanks’ Stock Analysis page.