Re rate happening, page-3042

The Journey and the Drill ! Lets Go

Miningcomau

1. reconnaissance

We have had another layer of really positive data at MH. Wehave been systematically undertaking soil sampling across this area andfocused on the Bonzer pegmatite field. The first batch of samples have come inand they have returned extremely high grade for soils up to 759ppm Lo.

Which are really significant with over 60% of the samplesover 100ppm.

The MarketHerald 15th May

The company confirmed lithium mineralisation through the newrock chip samples, returning “highly encouraging” assays of up to 2.3 per centlithium oxide, 4295 parts per million (ppm) caesium and 705.8 ppm tantalumoxide.

“These are seriously good results, considering we have onlyhad time to target a small percentage of the total outcropping pegmatites onsite,” CEO Jeremy Bower said.

“We are particularly excited about the Bonzer prospect, whichis a clear walk-up drill target.”

The Bonzer pegmatite returned further hits of 14,422 ppm or1.4 per cent lithium oxide and 2873 ppm caesium and 714.4 ppm tantalum oxide.

“We now have consistently high lithium grades from this verylarge pegmatite which is at least 1.5 kilometres long with lithium-bearingminerals at surface,” Mr Bower added.

2. The Target

The MarketHerald 5^th September

Reach Resources (RR1)has intersected multiple thick stacked pegmatites at its Morrissey Hill lithium project in Yinnetharra, Western Australia.

The phase one drilling results have substantiated the team’ssuspicions that hard rock lithium systems exist underground at Morrissey Hill,with target pegmatites encountered in every hole drilled.

Notably, at least one individual drill intercept spanned upto 30 metres in length. Reverse circulation (RC) rigs were employed to assessnear-surface mineralisation, with the key indicator being pegmatite outcroprock.

“We are very happy to confirm that the outcropping pegmatitesare being repeated with substantial widths at depth within the right hostrocks.”