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THE FUTURE IS WITHIN REACH
Reach Resources is a critical mineral explorer with a large portfolio of tenements in the resource rich Gascoyne Mineral Field. Recent and historical exploration results have confirmed the presence of Lithium, REE, Niobium and Manganese across the Company’s land holdings.
However, the Company is distinct from other pure explorers by also having an Inferred Gold Resource at Payne’s Find and a significant investment in a downstream patented technology that recycles the rare earth elements from the permanent magnets required in electric vehicles, wind turbines, hard disk drives and MRI machines (REEcycle Inc.).
Skyline REE Project
The project is located in the Gascoyne Province of Western Australia and consists of 100% owned exploration licence EL 09/2646, covering an area of ~247 square kilometres and a recently acquired exploration licence application E09/2733 both of which are immediately adjacent to Hastings Technology Metals Limited (ASX: HAS “Hastings”), Yangibana REE development which has a current Ore reserve of 20.9Mt at 0.9% TREO.
REEgenerate is an Australian private company that owns 100% of REEcycle Inc (“REEcycle”), a US based Rare Earth Element (REE) separation and technology Company focussed on recovering REE from high powered permanent NdFeB magnets. REEgenerate also owns 100% of the Coconut Club REE exploration project in Quebec, Canada. Reach Resources made a $1.8m strategic investment into REEgenerate Pty Ltd (“REEgenerate”), acquiring 10% of REEgenerate Pty Ltd. Reach is extremely excited about the direct exposure in this company, whose future is aligned with current global social and political thinking of a cleaner, greener future through the circular economy principle.
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