RR1

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1.2¢ reach resources limited

Ann: Amended-Multiple Thick, Stacked Pegmatites Intersected, page-7

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Evergrayeful

840 Posts.

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02/10/23

12:04

Post #: 70128238
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Originally posted by FrontFootFred: ↑

RR1 wanted to complete more diamond drilling phase (1) - not sure if the additional holes were completed prior to cattle mustering.

" Article 1/10/2023 --> Reach Resources (ASX:RR1) is planning to carry out more diamond drilling at its Morrissey Hill lithium project in the emerging Gascoyne where Phase 1 drilling had intersected multiple, thick stacked pegmatite in the Bonzer prospect.

5th September Article -->
The phase one drilling results have substantiated the team’s suspicions that hard rock lithium systems exist underground at Morrissey Hill, with target pegmatites encountered in every hole drilled.

Deeper diamond drill holes are now in progress to ascertain the extent and orientation of the mineralisation below the surface. Assay results are anticipated in early October.
There is a sense of urgency with the diamond drilling, as the area where Reach is operating is utilised as agricultural land for cattle mustering at certain times of the year.

“We’re pushing hard to gather as much information as we can prior to the commencement of Yinnetharra Station’s annual cattle mustering program which will see our phase one drilling campaign take a break on the 10th of September,” RR1 CEO Jeremy Bower said

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Thanks mate, this was my interpretation too. Surely they have seen something good to go deeper with diamond drilling!

RR1 Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
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Last 1.2¢		Change 0.001(9.09%)		Mkt cap ! $10.49M

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