Pure Resources expands garnet project

Pure Resources (ASX:PR1) has identified an additional 2.2km of garnetiferous outcrop at its Reedy Creek Garnet Project in Western Australia. This discovery increases the project's garnet resource potential to a total of 3.3km. The new outcrop was found within the granted Mining Lease, extending from historical targets.

Summary and outlook for Pure Resources

Pure Resources Limited has made a pivotal discovery, expanding the garnet resource at its Reedy Creek Project. The identification of an additional 2.2km garnetiferous outcrop extends the total strike to 3.3km. The company is engaging with potential offtake partners and mining contractors, indicating a strategic move towards development. Metallurgical test results are anticipated, which will guide product offerings. Future exploration plans include extensive drilling to uncover more resources. Pure Resources aims to become a key player in the battery metal sector with interests in nickel, copper, and possible expansions. The Reedy Creek Project is strategically located near essential infrastructure, enhancing its commercial viability. Garnet's industrial applications further underpin the project's potential in the global market.

Executive insights on Reedy Creek progress

The identification of additional garnetiferous outcrop significantly enhances the potential of the Reedy Creek Project. We are excited about the ongoing discussions with potential offtake partners and mining contractors as we progress towards operational development.