March 2023 Quarterly Activities Report

Reach Resources Limited (ASX: RR1 & RR1O) (“Reach” or “the Company”) provides its activities report for the quarter ended 31 March 2023.

HIGHLIGHTS

High-Grade Manganese Assay Results (2 February 2023)

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

Highly Strategic & Prospective Lithium, REE & Manganese Tenements Acquired including $2M Placement (13 February 2023)

• Four tenements acquired for low cash consideration plus shares. Tenements are highly prospective with known lithium, rare earth element (REE) and manganese mineralisation
• Lithium tenement (Morrissey Hill) has widespread outcropping pegmatites and is directly adjoining and contains the same geology as Red Dirt Metals’ (ASX: RDT) Yinnetharra Lithium Project
• REE and Manganese tenements bordered by FMG Pilbara (ASX:FMG), Firebird Metals (ASX:FRB), and existing Reach tenure in the Gascoyne region
• Reach now commands a significant land holding in the highly prospective Gascoyne region, providing scale, contiguity and excellent exposure

Exploration Manager Appointed (1 March 2023)

• Highly experienced Geologist Steve Vallance appointed as Exploration Manager

Multiple new Lithium (LCT) Pegmatite Targets Confirmed (14 March 2023)

• Independent geological experts RSC consultants have identified four priority target areas for Lithium-Caesium-Tantalum (“LCT”) Pegmatites within the Company’s Critical Elements Projects, located in the centre of the rapidly developing Gascoyne ‘Battery Metals’ Province, WA

1) High-Grade Manganese Assay Results

The Company announced the receipt of final laboratory assay results from the Company’s maiden rock chip sampling programs recently undertaken at its Skyline and Critical Elements projects (the “Project/s”) (ASX Announcement – 18 October 2022). Both projects are located in the emerging Gascoyne Mineral Field in Western Australia.

Importantly, these manganese assay results indicate the potential presence of high-grade manganese at Yinnietharra and in addition to the REE and Niobium, the Company looks forward to progressing its exploration program across each of its Gascoyne projects.

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.