Several New Niobium/REE Targets at Wabli Creek Task, Yinnetharra, W.A.

Reach Resources Limited (ASX: RR1 & & RR1O) (” Reach” or “the Business”) is delighted to detail a substantial extension to the Niobium/REE targets following an external evaluation from Sugden Geoscience on soil assay results, from its 100% owned Wabli Creek Task.

HIGHLIGHTS

• Assay arises from a tenement-wide soil study have actually determined 16 brand-new strong, meaningful Niobium/Rare Earth Component (REE) abnormalities at the Business’s 100% owned Wabli Creek Task.
• The outcomes show a substantial extension to the formerly reported Niobium/REE targets determined at the north-western margin of the job location within tenement E09/2377 (ASX Statements 01 June & & 28 June 2023), (Figure 1).
• Several brand-new targets determined throughout both Wabli Creek tenements (E09 2377– Wabli Creek) and (E09 2748– Wabli Creek North) (Figures 2 & & 3 ).
• The leading 3 concern targets specify a semi-continuous arcuate zone of strong anomalism crossing 4km’s which might show a typical source/tectono-stratigraphic control.
• Extremely anomalous rock chip results formerly reported consist of, Niobium:
  • 32% Nb2O5 (ASX Statement 1 June 2023) (Figure 1)
  • 14.3% Nb2O5 (ASX Statement 1 June 2023) (Figure 1)

Unusual earth aspects:

• 2.57% TREO (ASX Statement 13 December 2022) (Figure 1)
• None of the targets have actually been formerly drill evaluated.
• RR1 prepares to carry out methodical rock chip tasting, mapping and drilling in 2024, when all regulative approvals, consisting of heritage studies, are acquired.

Tenements E09/2377 (Wabli Creek) and E09/2748 (Wabli Creek North) together make up the Wabli Creek Task location (Figures 2 & & 3).

Found in the extremely potential Gascoyne “Battery Metals” Province of Western Australia, the soil assay results summary several strong, meaningful geochemical abnormalities a sign of Niobium, REE and Lithium mineral systems.

An overall of 1,489 soil samples were taken throughout the 2 tenements. Testing was typically performed along 200m to 100m spaced lines with a 100m to 50m sample spacing, to examine the possible degree of the state-of-the-art Niobium/REE incident determined in the northwest of E09 2377 (ASX Statement 01 June and 28 June 2023), and to more examine the more comprehensive capacity of both tenements.

Describe Annexure 1 for a summary of substantial soil outcomes and Annexure 2 for all soil results.

Arise from the soil study were analyzed by the Business’s Consulting Geochemist, Sugden Geoscience. An overall of 16 concern targets ranked from 1 to 4 have actually been determined (listed below), for more examination, which will consist of rock chip tasting, mapping and eventually drill screening.

The assay outcomes have actually plainly determined a substantial extension to the state-of-the-art Niobium/Rare Earth Components (” REE”) target formerly determined which has actually returned outcomes as much as 32% Nb2O5, 14.3% Nb2O5 and 2.57% Overall Unusual Earth Oxides (” TREO”) (ASX Statement 1 June 2023).

Jeremy Bower CEO commented:

” We are thrilled to reveal that our massive soil study has actually validated a substantial extension to the state-of-the-art Niobium/REE target near the western margin of tenement E09/2377.

Not just have we had a specialist geochemist recognize a big extension to the formerly reported high grade Niobium and REE as much as 14.3% Nb2O5 and 2.57% TREO, we now have targets on a different 2nd tenement in the Wabli Creek job location (Wabli Creek North).

It is very important to comprehend that the target location is considerable, and with several brand-new targets with strong multi-element pathfinder geochemical signatures throughout both tenements (Wabli Creek and Wabli Creek North), the scale of prospectivity throughout the period is extremely engaging.

We stay dedicated to carrying out a systematic technique to our evaluation, with every phase developed to improve our last targets ahead of drill screening.

The Future is within Reach”