Highlights

Newly Identified Niobium & Rare Earth Targets (28 May 2024)

  • A review of available geophysical data by Southern Geoscience on the Company’s 100% owned, Wabli Creek Project, Yinnetharra WA, has identified a large ovoid intrusive feature/magnetic target (Figure 1).

17.65% Niobium & Exceptional REE Results from In-Situ Source (12 June 2024)

  • In-situ or bedrock source of high-grade Niobium (Nb) and Rare Earth Elements (REE) discovered during rock chip sampling at Wabli Creek.

  • The recently identified ovoid late-stage intrusive feature is considered the likely parental source of the Nb-Y-Ta-Ti-REE enriched pegmatites at Wabli Creek.

  • Geochemistry indicates that a carbonatite association cannot be ruled out in addition to the pegmatites.

  • The ovoid intrusive feature is younger than the surrounding country rock, with a diameter in excess of 3km’s and a circumference greater than 8km’s.

  • Granitic pegmatite is now confirmed as a primary source of mineralisation with in-situ assay results including:

    • 17.65% Nb2O5, 0.15% Y2O3, 10.81% Ta2O5, 31.39% TiO2, 0.37% TREO (24WRCK049)

    • 13.22% Nb2O5, 0.13% Y2O3, 6.27% Ta2O5, 18.97% TiO2, 1.13% TREO (24WRCK046)

Heritage Survey Scheduled at Wabli Creek (18 June 2024)

  • The Company successfully scheduled its Aboriginal heritage survey at the Company’s 100% owned Wabli Creek Project, Gascoyne W.A. for the week commencing 15 July 2024.

Priority Options Offer and Shortfall (28 May 2024)

  • In total, 256,746,966 Priority Options were issued, raising in total $256,746 (before costs) under the Offers (Priority Offer and Shortfall Offer).

  • Reach Resources raised approximately $2.4 million (before costs) following completion of the non-renounceable rights issue (“Rights Issue”), (ASX Announcement 15 April 2024 and 7 May 2024) and the Priority Offer.