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Reach Resources Limited (ASX: RR1) (“Reach” or “the Company”) is pleased to announce assay results from a small RC drilling program which tested base metal and gold targets peripheral to the Company’s Blue Heaven and Pansy Prospects within the Primrose Gold Project, located approximately 420 km northeast of Perth, Western Australia (“Project”). The modest program was designed to test base metal and gold targets on tenements held by Reach Resources that surround the main gold projects at Blue Heaven and Pansy. These tenements were all due for renewal and had not been adequately tested to determine their exploration potential.
Highlights
- Five tenements peripheral to the main tenements at Paynes Find were tested by a small RC drilling program for the purpose of meeting minimum exploration expenditure.
- Tenements located to the West of the Company’s primary gold prospects at Blue Heaven and the Pansy Pit (Primrose Gold Project), following up on low order soil geochemical anomalies.
- 39 RC drill holes were completed for a total of 1,006m.
- Gold mineralisation confirmed north of Pansy Pit at historic Jacamar workings.
Drilling Program
Samples collected at Jacamar on P59/2059 were collected at 1 m intervals while the remaining samples were collected as 3 m composites by carefully scooping representative samples off 1 m chip piles placed alongside the drill rig. The drill holes were designed to be inclined 60 degrees approximately orthogonal to the regional dip of the stratigraphy with most of the holes drilled to 29 m depth.
Figure 1 – Paynes Find Project Location Plan
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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.*
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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).
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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.
Dalaroo Prepares Maiden Work Program for Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
Highlights
- Dalaroo has advanced planning for upcoming maiden field season at the Blue Lagoon Zr- Nb-REE project, Greenland. Field work will be conducted towards the end of June 2025.
- A program of auger drilling, stream sediment and soil sampling and reconnaissance mapping and sampling has been designed to follow up on historical highly anomalous values returned in a regional stream sediment program undertaken by the Greenland and Denmark Geological Society (‘GEUS”) for uranium in 1979 (refer to ASX release 20th Feb, 2025).
- No follow-up work on these results has ever been reported on the tenement.
- Dalaroo has secured the services of highly respected and experienced Greenland geologist Ole Christiansen, who has been instrumental in the modern development of metals in Greenland, including Critical Metal’s (NASDAQ: CRML Critical Metals Corp) Tanbreez project.
- The Blue Lagoon Project has similar geochemical anomalous footprint to the Kvanefjeld (ASX: ETM Energy Transition Metals) and Kringlerne/Tanbreez multi-element deposits in South Greenland, showing enrichment in critical minerals and high value LREE elements from regional stream sediment sampling. These projects are all hosted within the south- west north-east trending Gadar alkaline intrusive province where Blue Lagoon Is also located.
- US administration has continued to show considerable interest in Greenland, highlighting the importance Greenland has for critical metals and their ownership.
- Auger drilling to sample alluvial and colluvial material will form a key part of the program. In situ weathering of the alkaline granite might provide bulk tonnage options from beach- like deposits, providing potential low-cost options for mining and separation. Characterising these deposits geochemically is the first step of the evaluation of this potential.
Dalaroo Metals MD & CEO, Mike Brown commented“We are excited to have advanced a maiden field program at Blue Lagoon, and also secured the services of renowned Greenland geologist Ole Chistiansen. Auger drilling of weathered granite areas will be a key objective of the program. Stream, soil and rock chip sampling and prospecting over the tenement will complete the program. This should provide the first insight into the potential of the project to host heavy mineral sands type deposits of strategic metals and REEs. Placer deposits have obvious benefits on the cost of mining. With the Project being located on the coast with ice free water we are looking forward to getting onto the ground to commence exploration activities in June and report results when in hand.”
Figure 1: Project location, GEUS regional stream sediment location and neodymium assay results
The large and highly anomalous zirconium, niobium and REE geochemical anomalies over the Project area provides a compelling multi-commodity exploration target. The Vendor has identified the presence of potential bulk tonnage ‘placer’ type deposits from in-situ weathered granite. This is characterised by highly anomalous LREE and Nb signature, which is very similar to the geochemical signature that coincides with 3 other significant REE deposits in South Greenland associated with Gadar Block alkaline intrusives. The Company is looking forward to reporting the results of the work program as they come to hand.
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This article includes content from Dalaroo Metals Ltd, 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.
High-Grade Discoveries Enhance Scale of Pelé Project
New discovery of high-grade REE-Nb-Sc-Ta-U mineralisation
- High-grade diamond drill results at Pelé Target 1 returned assays of up to 13.5% TREO:
- NdPr: 23,217 ppm | DyTb: 938 ppm | Nb2O5: 5,011 ppm | Sc2O3: 381 ppm | Ta₂O₅: 248 ppm | U3O8: 1,100 ppm
- High-grade REE-Nb-Sc-Ta-U from shallow depths (~20 m) extending to vertical depths of ~70 m
- Drillhole TG1DD0004 returned 29.8 m of a cumulative downhole mineralisation, including 15.3 m at 9.1% TREO from 25.6 m depth, with grades of:
- NdPr: 15,617 ppm | DyTb: 692 ppm | Nb₂O₅: 1,861 ppm | Sc₂O₃: 231 ppm | Ta₂O₅: 94 ppm | U₃O₈: 754 ppm
- Auger drilling continues to discover extensive, near-surface horizons of high-grade monazite sands, with grades of up to 7.9% TREO and assays of up to 11,681ppm NdPr and 580 ppm DyTb
Pelé Target 1 discoveries extend high-grade mineralised trendline to 10 km
- Pelé is confirmed as a major district-scale rare earth exploration project located ~60 km southwest of BRE's Monte Alto project in Bahia, Brazil, and covers an exploration area over 60 times larger than Monte Alto
- Recent exploration has focussed primarily on Pelé Target 1 – one of five large exploration target areas within the larger Pelé Project area – delivering new discoveries of high-grade rare earth outcrops with grades of up to 17.7% TREO and high-grade monazite sands with grades of up to 8.5% TREO
- New outcrop discoveries of high-grade REE-Nb-Sc-Ta-U mineralisation significantly extend the mineralised strike at Pelé Target 1 to over 10 km
- Brazilian Rare Earths now controls three major confirmed projects - Monte Alto, Sulista and Pelé – each demonstrating significant diamond drill intersections of high-grade REE-Nb-Sc-Ta-U mineralisation
Figure 1: Pelé project location and relative size 1
The Pelé Project is hosted within the Volta do Rio Plutonic Suite, a large-scale magmatic system that extends over 180 km in Bahia, Brazil. Brazilian Rare Earths has confirmed the exploration potential of the province with multiple discoveries of ultra-high-grade mineralisation, including rare earth elements (REE), niobium (Nb), scandium (Sc), tantalum (Ta), and uranium (U).
Pelé Target 1 has the largest expanse of weathered REE-Nb-Sc-U outcrops discovered since exploration commenced at the Rocha da Rocha rare earth province. New geological mapping, 75 line-km of ground gamma stations and 162 new outcrop samples highlights that REE-Nb-Sc-Ta-U mineralisation repeats along eastern and western limbs of a regional structural fold that now extends over 10 km at the project.
Successful diamond drilling at Pelé Target 1
The new drilling results are from 10 diamond core holes totalling 901 metres and 100 auger drill holes totalling 1,095 metres. Assays are pending for a further 19 auger holes totalling 243 metres.
High-grade, hard rock REE-Nb-Sc-Ta-U mineralisation was intersected from shallow depths with assay grades of up to 13.5% TREO. High grades of neodymium and praseodymium were recorded, with grades up to 23,217 ppm NdPr, as well as high grades of dysprosium and terbium of up to 938 ppm DyTb.
Figure 2: Pelé Target 1 significant intercepts in auger and diamond drill holes. Results from recent outcrop samples shown right (yellow)
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This article includes content from Brazilian Rare Earths, 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.
Dalaroo Secures Option on Blue Lagoon Zirconium, Niobium and Rare Earth Project in Greenland
Highlights
- Binding Heads of Agreement executed for an Option to acquire 100% of Blue Lagoon Zirconium-Niobium-Rare Earth Element (REE) Project, (MEL 2022-07), located in the Gadar Province of Greenland.
- The USGS reports Greenland has the third highest reserves of REE in the western world, following US and Australia respectively, which has significance given current geopolitical dynamics and security of supply chain concerns.
- President Trump’s recent interest in Greenland as a source of critical resources and its strategic location highlights the growing importance Greenland has for critical metals and their ownership.
- The Project has been historically sampled as part of a regional stream sediment exploration undertaken by the Greenland and Denmark Geological Society (‘GEUS”) for uranium in 1979. Dalaroo is planning a program of systematic exploration to seek to report the historical results on the Project in accordance with the JORC Code 2012.
- Project has similar geochemical anomaly footprint to the Kvanefjeld (ASX: ETM Energy Transition Metals) and Kringlerne/Tanbreez (NASDAQ: CRML Critical Metals Corp) multi- element deposits in South Greenland, showing enrichment in critical minerals and high value LREE elements from regional stream sediment sampling:
- Up to 0.93% Zirconium (Zr)
- Up to 320 ppm in Niobium (Nb)
- Up to 520 ppm in Neodymium (Nd)
- Sampling has not returned any elevated radioactive elements, which is significant given the current Greenland Government ban on any activities related to mining if uranium concentrations are over 100ppm.
- Project sits on the westernmost part of the highly prospective Gadar Block alkaline intrusives belt in SW Greenland. This belt hosts significant advanced critical metals-REE deposits.
- Project area contains potential bulk tonnage options from beach-like deposits of weathered granitic rock, providing potential low-cost options for separation and the planned focus for preliminary work.
Dalaroo MD & CEO, Mike Brown commented “We are very excited to have secured this Option on the Blue Lagoon REE-Nb-Zr Project in Southwest Greenland. Regional stream sampling has indicated significant LREE anomalies and other critical metals that have both similar tenor to the geochemical footprint and geological setting of three other REE deposits in South Greenland. We see this as a strategic play on two levels; firstly, exposure to high demand commodities such as REE, niobium and zirconium and secondly, exposure to a highly prospective and unexplored jurisdiction that is getting significant attention with respect to the vital role Greenland could play in providing critical metals in the future. With the Project being located on the coast with ice free water we are looking forward to getting onto the ground to commence exploration activities.”
Figure 1: Project location, GEUS regional stream sediment location and neodymium assay results.
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This article includes content from Dalaroo Metals Ltd, 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.
