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Mining Lease Acquired Adjoining Morrissey Hill



Highlights

  • The acquisition of Mining Lease M09/101 enables the Company to conduct trial bulk sampling and provides a significant number of logistical benefits.

  • The acquisition of M09/101 is important strategically as it directly adjoins the Company’s Morrissey Hill lithium project and provides further exploration opportunities.

  • The low-cost acquisition provides further consolidation in the area, expanding the Company’s footprint.

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce that the Company’s wholly owned subsidiary, Critical Elements Pty Ltd has entered into a binding tenement purchase agreement (“Acquisition Agreement”) with Tamas Kapitany (“Seller”) for the acquisition of mining lease M09/101 (“Mining Lease”).



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