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Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) is pleased to announce the results from its latest sampling program from the rare earth element Wabli Creek pegmatite field at the Company’s 100% owned Wabli Creek Project, Yinnetharra, WA. Additional analysis and preliminary XRD mineralogy was undertaken on samples from the latest program to identify the niobium bearing minerals present within surface rock and eluvial samples collected.
HIGHLIGHTS
- Spectacular assay results received from the latest surface eluvial and rock samples taken at the Wabli Creek rare element (NYF) pegmatite field have returned high grade niobium of 10.3% Nb2O5 (23RRRK243) and 2.6% Nb2O5 (23RRRK244)*. Additional anomalous rare earth elements (REE) results returned of up to 7082 ppm TREO.
- Importantly, samples from the latest program were taken up to 400m east of the previously mapped north‐west pegmatite trend spanning ~1.5km, which returned results up to 14.3% Nb2O5, 6.7% Ta2O5, 3689 ppm TREO (ASX Announcement 1 June 2023) (Figure 1).
- Latest results indicate a potential stacked pegmatite sequence and/or a new niobium/REE mineralisation source.
- Additionally, several rock chip samples from the current program have returned results enriched in titanium up to a very high grade of 39% TiO2 (23RRRK0304) (Figure 1). The presence of titanium at high grades in conjunction with the niobium/REE results is consistent with other known niobium sources and this type of mineralisation.
- Based on the exceptional results, Reach have immediately mobilised a team to conduct an ATV assisted grid sampling program to establish the potential for more niobium/REE pegmatites and estimate scale at Wabli Creek.
- Preliminary XRD mineralogical analyses on a selection of samples by Intertek Laboratories have identified the key niobium bearing mineral to be Columbite with Nioboixiolite/Ixiolite also dominant and accounting for some REE identification. In addition, Rutile and Ilmenite were also present which are known economic titanium minerals.
- Columbite is a key niobium bearing mineral in most of the globally significant niobium deposits and producing mines throughout the world, with a very high niobium to tantalum content. Nioboixiolite is another niobium dominant bearing mineral which often brings rare earth element substitution within its chemical formula.
- The Company has two key areas of focus, the Morrissey Hill Lithium project and now the Wabli Creek Niobium/REE project, Yinnetharra, WA.
- Soil sample results from the Bonzer pegmatite field at the Company’s Morrissey Hill lithium project are expected in the coming weeks.
Figure 1: Wabli Creek Pegmatite Field
High grade niobium and heavy rare earth elements (HREE) are associated with a rare element pegmatite field displaying the geochemical signature of a niobium, yttrium, fluorine (NYF) hard rock pegmatite. (ASX Announcement – 1 June 2023).
To gain a greater understanding of mineral composition present within the samples and their source rock, the Company engaged Intertek laboratories and a selection of samples from the current program were analysed by XRD analysis. The identification of these niobium minerals from samples collected up to 400 metres away from results announced by the Company on 1 June 2023, gives the Company further confidence that the high‐grade niobium is more widespread than previously thought and importantly that we may be dealing with a significant niobium source.
CEO Jeremy Bower said:
“The identification of more high‐grade niobium and REE on the east side of the creek and up to 400 metres away from our last sampling program indicates we may be looking at an additional source of mineralisation. The confirmation of columbite as the major niobium mineral at Wabli Creek is exciting news for the Company and clearly distinguishes two key areas of focus moving forward, our Morrissey Hill Lithium project and our Wabli Creek niobium/REE element project, both in the Yinnetharra district of WA.
We have a team in the field completing detailed geochemical soil and additional rock chip sampling over the entire tenement package and expect in excess of 4,500 samples at the laboratory over the following months. These results will give us a more complete picture of what we are dealing with at each of our projects and importantly our areas of focus for upcoming drilling. The Future is within Reach”.
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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.
RR1:AU
Murchison South Increases to 67koz Gold Across Two Pits
HIGHLIGHTS
- Pansy Pit: Mining Plus confirms Mineral Resource Estimate (MRE) for the Pansy Pit Deposit at Murchison South:
From Surface 72kt @ 2.5g/t Au for 5,800 oz Gold (Table 1) - Blue Heaven: Mining Plus confirms MRE for the Blue Heaven deposit at Murchison South: From Surface 681kt @ 2.8 g/t Au for 61,300 oz Gold (Table 1) (ASX Announcement 9 April 2025)
- Blue Heaven and Pansy Pit MRE, together total ~67,100 oz Gold
- Pansy Pit MRE is based solely on review by Mining Plus of historical drilling
- Historical drilling was only to 60m, mineralisation open at depth and along strike north and south (Figure 2)
- The Pansy Pit has the potential to be a shallow, open pit mining operation, with mineralisation observed from surface
- Strong Gold Market: Spot gold price of ~A$5,000/oz offers significant upside versus the A$3,500/oz price used in the MRE to model pit shells
- The Pansy Pit sits within granted Mining lease M59/662 and is just over 2km from the Company’s Blue Heaven deposit and on the south side of the Great Northern Highway (Figure 3)
- The Pansy Pit provides evidence of the expansion potential along the Primrose Fault, notably to the south at the Shamrock deposit and to the north at the Pansy North and Jacamar deposits (Figure 3)
The Pansy Pit MRE is shown in Table 1 on page 3.
Figure 1. Pansy Pit rotated and unclipped longsection view looking north with the optimised pit shell in grey, drill traces as black lines and the block model coloured by classification.
Figure 2. Pansy Pit rotated cross section view looking south at ~6,762,078mN +/- 10m with the optimised pit shell in black, drill traces as black lines and the block model coloured by estimated Au grade.
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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.
Odessa Minerals: Exploring for Lithium and Rare Earths in Western Australia's Resource-rich Gascoyne Region
Odessa Minerals (ASX:ODE) explores for lithium and rare earths in the Gascoyne Region with a total land package of over 3,000 square kilometres surrounded by some of the most promising projects and most significant lithium discoveries. The company is uniquely positioned to leverage a quickly emerging battery metals market to drive its fully funded lithium and rare earths exploration strategy.
Western Australia's Gascoyne region is currently in the midst of a proverbial gold rush and is now the target of several large mining and exploration companies including Delta Lithium (ASX:DLI), Voltair Strategic Resources (ASX:VSR), Minerals 260 (ASX:MI6) and Reach Resources (ASX:RR1).
Odessa Minerals’ projects in the Gascoyne Region of Western Australia totalling >3,000km2Odessa is still at the beginning of its journey but its value proposition is noteworthy making it an ideal investment alternative for consideration for anyone looking to get involved with lithium and the significant potential of the Gascoyne region.
Company Highlights
- Driven by lithium demand, Western Australia's Gascoyne region — previously under-explored — has become a hot zone of mining exploration and development.
- Some of the region's largest and most successful mining companies have already staked their claims there, including Delta Lithium and Dreadnought Resources.
- Odessa is an exploration company still at the beginning of its development journey, with a low market cap and strong leadership.
- Odessa's land package comprises one of the largest land holdings in the Gascoyne region, with some 3,000 square kilometres of claims divided into three distinct projects, all highly prospective and incredibly promising, located in close proximity and displaying similar geology to several recent lithium pegmatite discoveries in the region.
- Odessa's leadership team are all highly invested in the company. All planned exploration and development work is well-funded for the year.
- Over 56,000 metres strike-length of pegmatites have now been mapped by geology crews on Odessa’s Yinnetharra Lockier Range tenement
- Pegmatites at over 30 metres in width are already mapped
This Odessa Minerals profile is part of a paid investor education campaign.*
Click here to connect with Odessa Minerals (ASX:ODE) to receive an Investor Presentation
Outcropping Copper Gossan Delivers 33% Cu Assays At Morrissey Hill Project, Yinnetharra
HIGHLIGHTS
- High grade copper‐oxide mineralisation (malachite) confirmed at the Company’s Morrissey Hill Project, Yinnetharra with rock chip samples reporting highly encouraging assays of up to 33.2% Cu; 0.2 g/t Au and 141.8g/t Ag. (Figure 1).
- Results follow Morrissey Hill assays of up to 2.3% Li2O (ASX Announcement 15 May 2023).
- Mineralisation at the Swallowtail Copper Prospect was mapped over a strike length of at least 150m and remains open in all directions.
- Significant results include:
- 33.2% Cu, 0.2g/t Au and 141.8g/t Ag (23RRRK0039).
- 14.7% Cu, 0.02g/t Au and 55.6g/t Ag (23RRRK0042).
- 4.2% Cu, 0.3g/t Au and 5.7g/t Ag (23RRRK0041).
- 2.3% Cu, 0. 2g/t Au and 5.0g/t Ag (23RRRK0043).
- Historical sampling 3.0km’s west of Swallowtail could potentially extend the strike with historical results returned:
- 18.5% Cu, 1.1g/t Au and 6.8g/t Ag
- 18.5% Cu, 1.1g/t Au and 6.8g/t Ag
- The rock chip results confirm the Company’s targeting methodology and the potential of the area to host significant mineralisation.
- Morrissey has never been drilled & geochemical surveys planned to commence next week.
Commenting on the results CEO Jeremy Bower said:
“The Morrissey Hill tenement at our Yinnetharra Project continues to deliver. These are outstanding copper results and in conjunction with the 2.3% Li20 announced earlier this week, it is clear how prospective the ground is. We’re focused on sourcing the critical and battery minerals of the future and copper is an important part of our strategy. Despite several world class copper‐gold and polymetallic base metal deposits in the East Capricorn Orogen, the West Capricorn and Gascoyne has been massively under‐ explored. We see this as a huge opportunity.
Importantly, we are fully funded to complete our field programs and drilling campaigns earmarked for this year. Our focus remains on thorough geochemical assessment of each target and getting drill rigs out to Morrissey Hill as soon as possible. This will mean consistent news flow for our shareholders over the coming months.”
FIGURE 3: Morrissey Hill showing location of the Swallowtail Prospect along Stringer Fault line
FIGURE 4: Regional location of Reach Yinnetharra projects
The rock chip results confirm the Company’s targeting methodology and the potential of the area to host significant mineralisation. Systematic surface geochemical surveys including soils, stream sediment and rock chip sampling are planned to commence immediately. Results from this work will guide follow up programs which if warranted may include electromagnetic geophysical surveys and drill testing of priority targets.
The results were reported from an outcropping quartz‐veined gossan, the Swallowtail Prospect, showing visible malachite (copper‐oxide) over a strike length of approximately 150m. The gossan strikes east‐ west, appears to dip steeply towards the south and remains open in both directions. A single historical sample located some 3.0km’s west of Swallowtail, and within the same structural corridor, also reported high grade copper, gold and silver assays indicating a potential strike length of the target zone in excess of 3km’s (Refer to Figure 3).
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.