Reed Resources Ltd acquired the 2.5million oz Meekatharra Gold Project in January 2011.
Reed plans on being one of the world's largest producers of lithium bearing spodumene through the development of the Mt Marion Lithium Project. Production is anticipated to commence in 2011.
Reed also owns Australia's highest-grade vanadium reserve and is actively exploring for gold and base metals in Western Australia. The Company has no debt and is listed on the Australian Securities Exchange (ASX Code: RDR) and the North American OTC Market (DR symbol: RDRUY).