Reach Resources Unveils Major Rare Earth Discovery

Reach Resources Limited (AU:RR1) has released an update.

Reach Resources Limited announced the discovery of high-grade Niobium (Nb) and Rare Earth Elements (REE) at their Wabli Creek Project, alongside identifying a large ovoid intrusive feature that could be the source of the mineralization. The company raised approximately $2.4 million before costs through a rights issue and priority offers, and has also scheduled an Aboriginal heritage survey. The identification of 27 exploration targets marks significant potential for the project, with detailed geophysical surveys planned to refine these targets.

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