Reed Resources (ASX: RDR) has received a vote of confidence in the company's operations with substantial shareholder and highly regarded fund manager Vanguard's Precious Metals and Mining Fund boosting its stake.
The fund now holds 16 million shares or just over 6%, up from 5% a couple of months earlier.
Reed has recently made some positive announcements, and just last month increased total JORC Resources at the Mount Marion Lithium Project by 38% to 14.9 million tonnes at 1.3% Li2O, for 201,000 tonnes of contained Li2O.
Originally published at: http://www.proactiveinvestors.com.au/companies/news/18389/reed-resources-substantial-shareholder-vanguards-precious-metals-and-mining-fund-boosts-stake-18389.html
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