Reach Resources

Appointment Of Exploration Manager To Advance Gascoyne Projects

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce the successful appointment of highly experienced geologist Steve Vallance to the position of Exploration Manager, effective immediately.


Mr. Vallance’s appointment follows the Company’s acquisition of two highly prospective projects in the emerging critical minerals Gascoyne region of Western Australia, including the successful capital raise of $2.0M from sophisticated and professional investors.

Mr. Vallance has over 35 years’ experience across a range of commodities including nickel, lithium, manganese and gold with a solid track record of building strong and cohesive exploration teams. He will also serve as the Company’s ongoing Competent Person.

Most notably Mr. Vallance was Chief Exploration Geologist with Jubilee Mines for almost 10 years and co-lead the discovery of several major Nickel Sulphide deposits which ultimately led to the $3.3B takeover by Xstrata Nickel. However, it is Mr. Vallance’s most recent work with lithium and manganese exploration that arms the Company with the technical exploration expertise it needs to interrogate its newly acquired Morrisey Hill Lithium and White Castles Manganese projects.

Mr. Vallance's immediate task will be to conduct a detailed review of the Targeting Report from expert geological consultants RSC which is due this week and which will provide the basis for the design and implementation of the optimal exploration programs for each of the Company’s Gascoyne projects.

CEO Jeremy Bower said,

“This appointment represents the next step in our strategic plan for the Company. We have recently completed transformative acquisitions to dramatically increase our land holding in arguably one of the country’s hottest emerging critical minerals regions and with Steve’s appointment we now have a highly experienced geologist to lead our exploration programs. I have no doubt that Steve will be a great fit for Reach and I look forward to working together with him and building a strong and focused team as we move towards our maiden drilling program in the Gascoyne.”

This announcement has been authorised by the Board of Reach Resources Limited


Click here for the full ASX Release

This article includes content from Reach Resources, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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