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Reach Resources Limited ( (AU:RR1) ) has issued an announcement.
Reach Resources Limited has completed a 48-hole, 5,281-metre reverse circulation drilling program at its 100%-owned Murchison South Gold Project, targeting areas within and adjacent to four conceptual open-pit designs. The campaign is aimed at upgrading portions of the existing Inferred Mineral Resource to the higher-confidence Indicated category to support potential open-pit development, while a concurrent rock-chip sampling program at Blue Heaven, Jacamar, Pansy, Shamrock and East Daffodil is assessing additional gold mineralisation along strike. All samples are now en route to Perth laboratories, with assay and metallurgical results expected in February, which the company says will underpin key decisions on the project’s next phase of work in 2026.
More about Reach Resources Limited
Reach Resources Limited is an Australian exploration company with a diversified portfolio led by the Murchison South Gold Project near Payne’s Find in Western Australia. The company also holds advanced exploration assets targeting lithium, manganese and rare earth elements in the Gascoyne Mineral Field, and maintains an investment in US-based REEcycle Inc., which owns patented technology to recycle rare earth elements from permanent magnets used in electric vehicles, wind turbines, hard disk drives and MRI machines.
Average Trading Volume: 1,787,940
Technical Sentiment Signal: Sell
Current Market Cap: A$7.87M
See more insights into RR1 stock on TipRanks’ Stock Analysis page.