Sand Queen's riches rise

REED Resources has announced a slight resource increase and upped the grade it its Sand Queen gold mine near Kalgoorlie, ahead of its May takeover of operations at the underground mine.

Reed told the market it has a JORC compliant resource of 186,000 ounces at 10.8 grams per tonne (82,500 indicated and 103,500 inferred), a 2% increase from the last figure of 182,600oz.