Reach Resources (ASX:RR1) Quarterly Activities Report Update

Reach Resources Limited (ASX:RR1) has removed the Competent Person statement from its 30 June 2024 quarterly activities report, as announced on 5 September 2024. The report included the confirmation of newly identified Niobium & Rare Earth targets at the Wabli Creek Project in Yinnetharra, WA. The company also scheduled a heritage survey at the project and raised approximately $2.4 million through the Priority Options Offer and Shortfall.

Executive Commentary

The recently identified ovoid intrusive feature at Wabli Creek, along with the in-situ source of high-grade Niobium and Rare Earth Elements, marks a significant development for Reach Resources. The removal of the Competent Person statement from the quarterly activities report was necessary due to the operation of Listing Rules 5.23.1 and 5.23.2. We are pleased with the progress made in identifying potential mineralisation targets and look forward to further refining priority targets through detailed airborne geophysical surveys. The heritage survey and the successful fundraise demonstrate our commitment to responsible exploration and the advancement of our projects.

Quarterly Activities Report Summary

Reach Resources (ASX:RR1) has made significant strides in its exploration activities, with the identification of Niobium & Rare Earth targets at the Wabli Creek Project. The removal of the Competent Person statement from the quarterly activities report reflects the company's adherence to regulatory requirements. The in-situ source of high-grade Niobium and Rare Earth Elements, along with the successful heritage survey scheduling and fundraise, underpin the company's commitment to advancing its exploration projects responsibly. The detailed airborne geophysical surveys are expected to further refine priority targets, enhancing the potential for mineralisation. With $6.014 million in cash as at 30 June 2024, Reach Resources is well-positioned to pursue its exploration goals and contribute to the critical mineral sector's development.