Reach Resources Limited (AU:RR1) has released an update.
Reach Resources Limited has reported significant findings at its Wabli Creek Project, including the discovery of high-grade Niobium (Nb) and Rare Earth Elements (REE) from rock chip sampling and the identification of a large ovoid intrusive feature likely to be the source of the mineralization. The company also raised approximately $2.4 million through a non-renounceable rights issue and Priority Offer, and has scheduled an Aboriginal heritage survey to advance the project.
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