_edited_edited.png){kind=small}
Highlights
Assay results from a tenement-wide soil survey have identified 16 new strong, coherent Niobium/Rare Earth Element (REE) anomalies at the Company’s 100% owned Wabli Creek Project.
The results demonstrate a significant extension to the previously reported Niobium/REE targets identified at the north-western margin of the project area within tenement E09/2377 (ASX Announcements 01 June & 28 June 2023), (Figure 1).
Multiple new targets identified across both Wabli Creek tenements (E09 2377 – Wabli Creek) and (E09 2748 – Wabli Creek North) (Figures 2 & 3).
The top 3 priority targets define a semi-continuous arcuate zone of strong anomalism extending over 4km’s which may reflect a common source/tectono-stratigraphic control.
Highly anomalous rock chip results previously reported include,
None of the targets have been previously drill tested.
RR1 plans to undertake systematic rock chip sampling, mapping and drilling in 2024, once all regulatory approvals, including heritage surveys, are obtained.
Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to outline a significant extension to the Niobium/REE targets following an external review from Sugden Geoscience on soil assay results, from its 100% owned Wabli Creek Project.
Jeremy Bower CEO commented: “We are excited to announce that our large-scale soil survey has confirmed a significant extension to the high-grade Niobium/REE target near the western margin of tenement E09/2377.
Not only have we had an expert geochemist identify a large extension to the previously reported high grade Niobium and REE up to 14.3% Nb₂O₅ and 2.57% TREO, we now have targets on a separate second tenement in the Wabli Creek project area (Wabli Creek North).
It is important to understand that the target area is substantial, and with multiple new targets with strong multi-element pathfinder geochemical signatures across both tenements (Wabli Creek and Wabli Creek North), the scale of prospectivity across the tenure is very compelling.
We remain committed to undertaking a methodical approach to our assessment, with every stage designed to refine our final targets ahead of drill testing.
The Future is within Reach”