Reach Resources (ASX:RR1) unveils promising niobium and REE discoveries at Wabli Creek
August 7, 2024In a groundbreaking development for Reach Resources (ASX:RR1), the company’s exploration team has identified a fine-grained alkali igneous rock as the host of high-grade Niobium (Nb) and Rare Earth Element (REE) mineralisation at its Wabli Creek project in Western Australia.
This revelation, confirmed by advanced geophysical analysis from Southern Geoscience, marks a significant milestone in the ongoing exploration of this critical minerals project.
The identification of multiple new high-priority targets underscores the project’s potential, setting the stage for further exploration and potential discoveries.
The discovery challenges earlier assumptions that the mineralisation was derived from pegmatite sources, opening the possibility of a carbonatite association—a geological formation often rich in rare earth elements.
Southern Geoscience, an expert geophysical consultant, played a crucial role in this discovery by analysing detailed 50-meter line-spaced magnetic and radiometric data over the tenement.
Their analysis has not only confirmed the presence of the mineralised alkali igneous rocks but also identified multiple new targets that are considered high priority for further exploration.
Among the highlights of this announcement is the identification of a large ovoid intrusive feature, believed to be the parental source of the mineralisation.
This feature, with a diameter exceeding three kilometres, is younger than the surrounding rock and has a strong correlation with previously identified geochemical targets.
These findings suggest that further exploration in the central and northern targets of the tenement could yield additional high-grade niobium and REE discoveries.
Reach Resources CEO, Jeremy Bower, expressed his enthusiasm for the new findings, stating: “The identification of the host of the high-grade Niobium and REE as a fine-grained alkali rock and these new targets provided by Southern Geoscience is another major breakthrough for the project. Our focus has been the large mineralised zone in the west, and we will continue to expand our knowledge of this system, in particular further assessment for carbonatites, but the correlation of all this data suggests we should also focus on the central and northern targets. We now have the trifecta of data highlighting the potential of this project: Geology confirming in situ mineralization, Geochemistry confirming high-grade Niobium and REE assay results, and Geophysics showing coincident anomalism in the magnetics and radiometrics.”
With these promising developments, Reach Resources is poised to advance its exploration efforts, with plans for further mapping, sampling, and drilling upon receiving regulatory approvals.
The company’s commitment to unlocking the full potential of the Wabli Creek project reflects its strategic focus on critical minerals, positioning it as a key player in the resource-rich Gascoyne Mineral Field.
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