Anomalous Rare Earth Elements (REE) Identified In Carbonatites

Furthermore, the Company’s Critical Elements project (“Project”) has returned the highest REE result to date of 0.68% REE* from the same area where similarly anomalous results were recorded during the last site visit, highlighting the potential for significant REE at the Project.

Reach CEO, Jeremy Bower stated “What is most encouraging is that these highly anomalous results have been recorded from only 5 days in the field and from a very small subsection of the Company’s combined ~500 km² tenure package, which indicates the potential for future significant REE discoveries on Reach ground. “

The Skyline Project is located ~20km to the east and the Wabli Creek and Yinnietharra Projects (Critical Elements), ~80km south of the Hastings Technology Metals Limited Yangibana REE development, which has a current Ore reserve of 16.7Mt at 0.95% TREO for 158Kt (Refer HAS ASX Announcement 27 July 2021).

This current program was commissioned after the identification of anomalous REE* pXRF results and geology at both Projects during a brief two-day reconnaissance field trip as announced on 18 October 2022. Anomalous results returned from pXRF readings taken during that initial reconnaissance include values up to 0.31% REE* and 0.31 % Cu ¹.