Reedy Lagoon to begin drilling for lithium brine in Nevada

Published at Jan 10, 2018, in Small Caps

Lithium developer, Reedy Lagoon Corporation Limited (ASX:RLC) has today announced it is set to begin drilling for lithium brine at its Columbus Salt Marsh project in Nevada, USA.

The Columbus Salt Marsh project is situated near North America’s only producing lithium brine operation, and is one of three lithium brine projects located in Nevada — all of which are wholly owned by RLC.

reedy lagoon columbus salt marsh project

Source: Reedy Lagoon

The company noted that a contract to drill hole CB-1 with Boart Longyear was signed yesterday.

RLC project manager Geoff Balfe is currently in Nevada, completing preparations for the drilling.

The contracted drill rig and crew has experience drilling in Clayton Valley, and has also developed specialist drilling techniques for optimal drilling and sampling of lithium brines.

The drill program at the Columbus Salt Marsh project will investigate to a target depth of 1,000 metres a highly conductive zone extending from 600 metres to more than 1,000 metres below surface, as shown below:

columbus salt marsh heat map

Source: Reedy Lagoon

RLC announced in late November last year that it had commenced an Entitlement offer to raise $3.5 million from existing shareholders. The purpose of the capital raising was to facilitate exploration activities at RLC’s string of lithium brine projects in Nevada, such as the plans outlined above.

It should be noted here that RLC is in its early stages, so investors should seek professional financial advice if considering this stock for their portfolio.



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!