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reedy lagoon corp ltd (RLC) Snapshot

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09/30/13 - A$0.04
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reedy lagoon corp ltd (RLC) Details

Reedy Lagoon Corporation Limited is engaged in the exploration and development of mineral properties in Australia. Its principal project includes the 25% owned Bullamine iron ore (magnetite) joint venture that covers an area of approximately 1,000 square kilometers under 6 tenements in the south west part of Western Australia. It also explores for iron-ore at the Bullamine Hematite projects in Western Australia; for uranium at the Winning Hill project in Western Australia and the Edward Creek project in South Australia; and for uranium and gold at the Tanami project in the Northern Territory. The company was founded in 1986 and is headquartered in Richmond, Australia.

Founded in 1986

reedy lagoon corp ltd (RLC) Top Compensated Officers

Managing Director, Chief Executive Officer, C...
Total Annual Compensation: A$118.9K
Compensation as of Fiscal Year 2013.

reedy lagoon corp ltd (RLC) Key Developments

Reedy Lagoon Corporation Limited Announces Board Changes

The board of Reedy Lagoon Corporation announced that Mr. Adrian Griffin is to rejoin the Company as an independent director subject to the successful completion of the capital raising. Mr. Griffin, aged 61, has accumulated extensive experience in the resource sector over the past 35 years. During that time he has held directorships in a number of private and listed resource companies and overseen the operation of large, integrated mining and processing facilities, including the Bulong nickel-cobalt operation in the late 1990s to his current position as Managing Director of Cobra Montana NL, an exploration company with gold and copper projects in Chile and iron ore and phosphorous projects in South Africa. Mr. Griffin was director of Reedy Lagoon from 9 May 2007 until resigning on 27 November 2009 to act as technical director of Ferrum Crescent, an iron-ore developer in South Africa. Upon Mr. Griffin becoming a director, Mr. Hugh Rutter has advised he proposes to retire from the board because of ill health.

Reedy Lagoon Corporation Limited Reports Cash Flow Results for the Third Quarter and Nine Month Ended March 31, 2014

Reedy Lagoon Corporation Limited reported cash flow results for the third quarter and nine month ended March 31, 2014. For the quarter, the company reported net operating cash flow of AUD 91,000. For the nine months, the company reported net operating cash flow of AUD 380,000.

Reedy Lagoon Corporation Limited Announces Consolidated Cash Flow Results for the First Quarter Ended September 30, 2013

Reedy Lagoon Corporation Limited announced consolidated cash flow results for the first quarter ended September 30, 2013. For the quarter, the company's negative net operating cash flows were AUD 146,000.


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