Reach Resources (ASX:RR1) has identified several ‘high priority’ targets prospective for rare earth elements (REE) mineralisation within its Critical Elements Project.
Targets were identified by expert geophysical consultant, Southern Geoscience. The company’s aim is to identify pegmatite bodies or carbonatite-associated intrusions within these targets that have the potential to host REE mineralisation.
Southern Geoscience found multiple radiometric anomalies and structural zones prospective for pegmatite intrusions.
The REE targets are located on the company’s exploration licences E09/2354 and E09/2377 in the highly prospective Gascoyne Province, Western Australia.
Reach reports an initial exploration program is due to start later this month, comprising ground reconnaissance, rock chip sampling, and geochemical analysis.
an initial exploration program is due to start later this month, comprising ground reconnaissance, rock chip sampling, and geochemical analysis
The ‘high priority’ targets sit within tenements held by Reach Resources wholly owned subsidiary, Critical Elements, that were acquired in November 2021.
The Critical Elements Project lies in close proximity to successful explorer Kingfisher Mining (ASX:KFM) and are also only 80km south of the Company’s Skyline tenure, which is immediately adjacent to Hastings Technology Metals (ASX:HAS), Yangibana REE development which has a current ore Reserve of 16.7Mt at 0.95% TREO for 158,000t.
Southern Geoscience focused on structural interpretation and target generation based on airborne magnetic data, with additional detail derived from interpretation of radiometric data and satellite imagery.
Resulting from the interpretation was the identification of 6 REE targets within Reach’s tenure.
Reach notes that costeaning has been undertaken previously within the project areas and returned significant results including 12.4% Ta2O5, 32.0% Nb2O5, 0.95% WO3 and 0.25% Sn, from selective rock chip samples.
REEs were not analysed at that time however thorium anomalism, which has been shown by Kingfisher Mining and others to be associated with REE mineralisation in the region, has also been identified on Reach tenure from the radiometric data for the area interpreted by Southern Geoscience.
Reach Resources is an emerging gold and REE explorer. It has built up a portfolio of gold tenements in the well-known and historically producing gold district of Payne’s Find with a significant Inferred Resource Estimate and Exploration Target and a strategy to continue exploration to inform future development of this asset.
With the acquisition of several highly prospective REE tenements and exposure to a unique REE magnet recycling technology, the company has the flexibility to also position itself towards the REE side of the minerals exploration sector with exposure to downstream processing.
Write to Adam Orlando at Mining.com.au
Images: Reach Resources Ltd
