Reach Resources Limited (ASX:RR1) completes Murchison South drilling as resource confidence focus sharpens

The completion of drilling at the Murchison South Gold Project marks a measured but important step for Reach Resources as it works to strengthen the technical foundations of its flagship asset near Payne’s Find in Western Australia.

With 48 reverse circulation holes now completed, the program underscores a deliberate emphasis on resource confidence rather than exploration scale, reflecting the company’s near term priorities at the project.

Highlights

• 48 RC holes completed for a total of 5,281m across priority pit scale targets

• Drilling designed to convert Inferred Mineral Resources to Indicated

• Targeting areas within and adjacent to conceptual pit shells

• Rock chip sampling completed at Blue Heaven, Jacamar, Pansy, Shamrock and East Daffodil

• Assay and metallurgical results expected in February

The RC program commenced on 12 November and has now concluded, averaging around 150m per day across four proposed and conceptual pit areas previously disclosed to the market.

The drilling was deliberately focused within and adjacent to conceptual pit shells, reflecting a targeted approach aimed at closing gaps in geological understanding where improved confidence has the greatest relevance to potential open pit development scenarios.

Rather than extending the footprint of exploration activity, Reach has directed this program toward upgrading selected areas of existing Inferred Mineral Resources to the Indicated category.

This strategy highlights a preference for improving the quality of the existing resource base, with the objective of increasing geological confidence and strengthening the technical foundation required for future development considerations at Murchison South.

In parallel with the RC drilling, the company completed an exploratory rock chip sampling program across several prospects within the broader project area.

Sampling was undertaken across the Blue Heaven deposit area on M59/769 and along approximately 1km of strike encompassing the Jacamar, Pansy, Shamrock and East Daffodil deposits.

These targets were selected based on surface quartz vein mapping, geophysical interpretation and the presence of historical workings, including old pits at Pansy and Shamrock, with the aim of assessing the potential for additional gold mineralisation.

All samples from both the RC drilling and rock chip programs are currently in transit to Perth for laboratory analysis.

Assay results are expected in February, alongside results from metallurgical drilling, establishing a defined near term reporting window that is expected to inform the project’s next phase of work.

Reach Resources chief executive Jeremy Bower described the program as a necessary step in advancing the project’s technical readiness, stating that

“this drilling program was essential to increase resource confidence and close gaps in or near to our conceptual pit shells. We have a busy start to the new year planned, with results from our metallurgical drilling and this RC and rock chip program all likely to be available during February. We are excited about receiving these results as they will be the catalyst for definitive action at Murchison South in 2026 and provide crucial information defining next steps.”

From a broader industry perspective, the completion of this drilling campaign positions Reach to enter the new year with a clearer technical understanding of its flagship gold asset.

While assay outcomes remain pending, the emphasis on resource classification and metallurgical assessment reflects a disciplined progression approach that prioritises data quality and development optionality.

In a gold sector where confidence in resource definition is increasingly critical, the forthcoming February results are set to play a central role in shaping the company’s direction at Murchison South over the year ahead.

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