Reedy Lagoon Corporation Limited has successfully staked 298 placer claims over an area of 1,998 hectares to form the Alvord project in the Northern McDermitt Caldera located in Oregon, USA. The project is targeting lithium brine deposits associated with geothermal hot springs and playa lakes which coincide with the axis of a rifted valley along the margin of the Northern McDermitt Caldera. The claims cover the marginal zone of the caldera, adjacent valley floor and playa lake system.

The area staked by RLC coincides with the central axis of a rifted valley that post-dates the formation and collapse of the Northern McDermitt caldera. The Northern McDermitt caldera is located 25 kilometres north west of the McDermitt Caldera where Lithium Americas Corp. is evaluating the Thacker Pass lithium-clay deposit and Jindalee Resources Limited is evaluating the McDermitt lithium-clay deposit.

At both of these deposits the primary source of lithium is the volcanic ash that has been deposited within a crater lake formed after a very large volcanic eruption and subsequent collapse of the caldera. The ground staked by RLC is in the outer margin of the Northern McDermitt caldera and coincides with a zone of high heat flow due to geothermal hot springs that are controlled by major north-south striking faults. The high heat flow and geothermal activity together with the wide distribution of volcanic ash from the eruption of multiple calderas over geologic time is seen as a favourable environment for the formation of lithium enriched brines and lithium clay deposits.

RLC has secured the prospective ground by staking 298 placer claims covering a total area of 1,998 hectares (4,938 acres) on US Federal land which is administered by the Bureau of Land Management (BLM). The claims are located in Harney County, Oregon. RLC has 60 days from the date of marking-out the claims to record them with the Harney Co Recorder's Office, and a further 30 days to file them with the BLM.

This process involves payment of a recording fee to Harney Co and the BLM and the payment of one-year's annual claim rental per claim to the BLM. Formal acknowledgement of filing the claims is not normally received until several months after this process has been completed.