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Reach Resources Limited ( (AU:RR1) ) has issued an update.
Reach Resources Limited has announced a new Mineral Resource Estimate (MRE) for the Pansy Pit deposit at its Murchison South Gold Project, confirming a near-surface inferred resource of 5,800 oz of gold. This, combined with the existing 61,300 oz at the nearby Blue Heaven deposit, brings the total gold resource to approximately 67,100 oz, indicating significant expansion potential and positioning the company to benefit from the strong gold market.
More about Reach Resources Limited
Reach Resources Limited is a company operating in the gold mining industry, focusing on mineral resource development. Its primary products include gold deposits, with a significant market focus on expanding its gold resource inventory.
Average Trading Volume: 8,156,666
Technical Sentiment Signal: Sell
Current Market Cap: A$9.62M
For an in-depth examination of RR1 stock, go to TipRanks’ Stock Analysis page.