RR1 20.0% 1.8¢ reach resources limited

Location Location Location as JB Stated in Sep preso ! - The...

  1. 179 Posts.
    lightbulb Created with Sketch. 23
    Location Location Location as JB Stated in Sep preso ! - The odds would have to be stacked in ones favor's IMO like the stacked pegs



    Reach Resources has intersected multiple, thick, staked pegmatites in Phase 1 drilling at the Bonzer prospect, within the Morrissey Hill lithium project in the emerging Gascoyne lithium region in WA. Soil sampling paying dividendsThe company completed 21 holes for 2,656m, confirming multiple stacked pegmatites to depths of ~400m, with individual intercepts ranging from 1m to more than 30m in length.


    From thy Neighbor Malinda & Jamesons

    DLI

    Yinnetharra isimportant to the Company’s long-term plans of being a significant lithium concentrate producer. Geologists have identified lithium mineralization with a surface expression spread across several square kilometres.

    In addition, drilling has confirmed lithium bearing pegmatites from surface to depths greater than 350 metres. Presenting as a large target and comparable to other areas of global scale endowments of lithium in Western Australia, the Company has resolved to complete more than 400 drill holes, 90,000 metres at the project in 2023.


    Initial field mapping and rock chipping undertaken by Delta during the March 23 quarter has led to the discovery of spodumene bearing pegmatites in outcrop at the newly identified Jamesons Prospect, approximately 20km to the west of the Malinda Prospect.

    This further confirms the large scale of the mineralisation system. Assays received subsequent to the quarter and announced on 14 April 2023 of the rockchip taken from 404124E 7296094N GDA94 Z50 has a result of 4.2% Li2O and the lithium mineral is spodumene.

    The J5 pegmatite from which this rockchip was taken is one of more than 20 pegmatites identified at the Jamesons Prospect with only very limited sampling completed to date. This discovery highlights the excellent potential of the Yinnetharra Project. The Jamesons Prospect remains on a pending tenement, with work underway to allow for further exploration to commence once it is granted.

    **** May become the corridor of Wealth DYOR NFA****
    https://hotcopper.com.au/data/attachments/5631/5631502-12c1dab5f765bd6720d467c5bd1d7a64.jpg

 
watchlist Created with Sketch. Add RR1 (ASX) to my watchlist
(20min delay)
Last
1.8¢
Change
0.003(20.0%)
Mkt cap ! $15.74M
Open High Low Value Volume
1.5¢ 2.0¢ 1.5¢ $251.4K 14.17M

Buyers (Bids)

No. Vol. Price($)
6 1007922 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
1.9¢ 1855751 5
View Market Depth
Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
1.8¢
  Change
0.003 ( 20.0 %)
Open High Low Volume
1.6¢ 2.0¢ 1.6¢ 6260207
Last updated 15.52pm 17/06/2024 ?
RR1 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.