Reach Resources Limited (AU:RR1) has released an update.
Reach Resources Limited has made a significant advancement in their high-grade Niobium and Rare Earth Elements (REE) project at Wabli Creek by identifying a fine-grained alkaline igneous rock as the mineralization host, distinct from the previously considered pegmatite source. This discovery, confirmed by Southern Geoscience’s detailed geophysical imagery, suggests a potential carbonatite association, enhancing the project’s prospects. Moreover, multiple new high-priority geochemical targets for Niobium and REE have been identified, with further laboratory assessments planned to confirm these findings.
For further insights into AU:RR1 stock, check out TipRanks’ Stock Analysis page.
