Confirmation of Anomalous Mineralisation at Wabli Creek Project

Reach Resources Limited (ASX:RR1) has received highly anomalous surface sample assay results from its 100% owned Wabli Creek Project in the Gascoyne of Western Australia. The samples have confirmed the presence of neodymium, praseodymium, niobium, and titanium well above background values, providing the final step toward defining priority drill targets. The geological analysis of the surface samples has determined the occurrence of niobium and rare earth element (REE) mineralisation within the alkaline granite and its contact with associated N/S trending pegmatites/dykes.

Executive Commentary on Surface Sample Results

Reach CEO, Jeremy Bower, expressed confidence in the latest surface sample results, highlighting the enhanced understanding of mineralisation at Wabli Creek. The exploration team, led by Nick Revell and Principal Geologist, David Tsiokos, has successfully identified and confirmed drill ready targets, de-risking the next stage of exploration. The discovery of anomalous mineralisation in additional zones, particularly the potential for niobium, titanium, and significant levels of magnetic REE, has expanded the target area, presenting an exciting opportunity for the company.

Summary of Surface Sample Results and Outlook

The surface sample assay results have provided strong evidence of anomalous mineralisation at Wabli Creek, confirming the presence of neodymium, praseodymium, niobium, and titanium. The identification of priority drill targets and the potential for significant levels of magnetic REE present an optimistic outlook for Reach Resources. The company's exploration efforts have been successful in enhancing their understanding of mineralisation, leading to the de-risking of the next stage of exploration. With a larger target area and the confirmation of drill ready targets, Reach Resources is well-positioned to advance its exploration activities and capitalize on the potential mineral resources at Wabli Creek.