Reach Resources Limited (AU:RR1) has released an update.
Reach Resources Limited has completed Phase 2 drilling in five prospect areas, revealing promising lithium mineralization and has initiated a joint venture with Delta Lithium, bolstering its project potential. Field work at new niobium/REE targets faced delays due to weather but is back on track. Meanwhile, the company’s financial strategy includes a rights issue and share consolidation, aiming to raise additional funds despite experiencing a shortfall in the initial offering.
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