Reach Resources Ltd Is On The Hunt For Niobium and Rare Earth Elements in the Gascoyne Region

Reach Resources Ltd (ASX: RR1) has commenced fieldwork at the wholly-owned Wabli Creek Project in the Gascoyne “Battery Metals” Province of Western Australia.

This follows a tenement-wide soil survey which identified 16 strong niobium / rare earth element anomalies that will form the main focus of the work.

The best of the rock chips identified included 32% niobium and 14.3% niobium, along with 2.57% total rare earth oxide (TREO).

The Wabli Creek Niobium and TREO target zone has a potential strike length of up to 1.5 kilometres.

The company said the top three priority targets will form the focus of the current fieldwork.

Reach will define a zone of strong anomalism extending over 4 kilometres that may reflect a common source/tectonostratigraphic control.

Jeremy Bower, CEO, and Steve Vallance, exploration manager, will meet with elders from the Wajarri Traditional Owner group at the Burringurrah Aboriginal Community to discuss heritage surveys and future exploration works.

The company is funded to progress exploration, with $2.3 million in cash at the end of December 2023.

An additional non-refundable cash payment of $3.2 million has been received from Delta Lithium Ltd (ASX: DLI) following a joint venture agreed upon earlier.

The earn-in and joint venture agreement covers the Morrissey Hill and Camel Hill Lithium Project, with Delta subsidiary Electrostate Malinda Pty Ltd.

Morrissey Hill

Morrissey Hill is strategically located between the large lithium projects of Delta and Minerals 260 Ltd (ASX:MI6).

In mid-December 2023, phase 2 drilling elevated the scale of lithium potential at Morrissey Hill with drilling confirming the presence of multiple, thick, stacked pegmatites.

This was within a previously unrecognised package of the Leake Springs Metamorphics, at Morrissey Hill South.

The Leake Springs Metamorphics sequence are the same rock units that host Delta’s Malinda and Jamieson Lithium Projects, located immediately east and west respectively of Morrissey Hill.

At Malinda, the maiden JORC resource delivered 25.7 million tonnes at 1.0% lithium, with a quarter of this in the indicated category.

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