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Reach Adds High - Grade Manganese to Critical Mineral Portfolio



Highlights

  • High-grade assay of 11 % Manganese returned from within the Company’s wholly owned Critical Elements Project at Yinnietharra

  • All results from the Company’s maiden rock chip sampling programs now received

  • Highlights shown in Table 2 include: - High-grade assays of 6.78% Niobium oxide, 3.71% Tantalum oxide and high grade super critical heavy rare earth oxides (HREO), returned from the Company’s Wabli Creek tenement, within the Critical Elements Project - HREO results: _ 7226 ppm Yttrium oxide _ 3430 ppm Dysprosium oxide _ 4880 ppm Ytterbium oxide _ 2760 ppm Erbium oxide _ 450 ppm Terbium oxide

- The Wabli Creek Niobium and Total Rare Earth Oxides (TREO) target zone has a potential strike length of up to 1.5km

  • Significantly, all three of the Company’s granted tenements have returned highly anomalous TREO results >500ppm to a maximum of 25,652 ppm or 2.57% TREO (see Table 2) (ASX Announcement 13 December 2022)


“The Company is certainly encouraged by all the results returned from

the maiden rock chip sampling program. Conducted over only 5 days, Reach has been able to identify anomalous REE >500ppm at each of its Gascoyne tenements. Most importantly, assays indicate high grades of heavy REE’s including Dysprosium and Yttrium, and additionally Niobium over a potential strike length of 1.5km. A significant amount of work has been undertaken over the past few months to understand the area, the geology and we look forward to progressing our activity at these tenements in the short term”.

Jeremy Bower, Reach Resources CEO





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