Reedy Lagoon stakes new Nevada lithium brine claims

By Meagan Evans. Published at May 24, 2018, in Small Caps

Reedy Lagoon Corp (ASX:RLC) has staked 112 additional placer claims over an area of 906 ha to form the Clayton Valley project in the northern part of Clayton Valley, Nevada, USA.

Using information obtained from the recently completed MBD-1 drill hole at its nearby Big Smoky South project, RLC has staked these new claims over an area which it believes has potential to trap lithium brines.

This drilling at Big Smoky South generated a significant amount of technical data relevant to understanding the location and geology of lithium brines in Nevada. The project remains prospective for lithium bearing brines and further work is planned to assist with ongoing drill target selection. This work is likely to include geophysical surveys designed to build on the structural information drill hole MBD-01 has provided and to improve drill hole targeting.

The map below shows the Clayton Valley Project (New Placer Claims) and the Big Smoky South Project (Existing Placer Claims) that are located to the north west of Albemarle Corp’s (NYSE:ALB) Silver Peak lithium brine operation in Clayton Valley.

RLC will undertake a program of geophysical surveys to evaluate the newly staked ground once its claims are registered. Geophysical surveys are also being planned for the Alkali Lake North project and parts of the Big Smoky South project.

It’s worth noting that this is an early stage play and investors should seek professional financial advice if considering this company for their portfolio.

RLC has three lithium brine projects in Nevada, USA : Columbus Salt Marsh, Big Smoky South and Alkali Lake North. Recent drilling at Columbus Salt Marsh (CBD—01) intersected significant volcanic ash and tuff but assay of brine samples collected were uniformly low. Permitting is in place for drilling at Alkali Lake North.

View Our Investment Portfolios

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!