News Articles for Reach Resources

Critical metals explorer Reach Resources has uncovered more high-grade niobium from surface sampling at its Wabli Creek project in Western Australia's Gascoyne region. New rock-chip results, peaking at 10.3 per cent niobium oxide, were taken 400m from previous sampling of a 1.5km mapped pegmatite that returned 14.3 per cent niobium oxide, suggesting Reach has its foot on the tail of a potential stacked pegmatite swarm.

Once primarily used in steel-making to boost strength and add corrosion and heat resistance, niobium is now turning heads with its ability to cut charging times and fire risks for lithium-ion batteries. Accordingly, companies finding the metal are watching their stock take flight ahead of the next boom as sales for electric vehicles step up another notch.

Globe Metals & Mining's plans for its Kanyika niobium project have received a vital boost with the Malawian Government backing its anticipated roll-out for substantial mine development and production. Management says representatives from the Malawian Government also recently visited the mine site and believes their support greatly enhances Globe's efforts to increase the security of tenure for its mining licences.

ASX-listed Reach Resources has recorded impressive results from surface samples at its Wabli Creek project in Western Australia's Gascoyne region, including 14.3 per cent niobium oxide and 6.7 per cent tantalum oxide. The company says the type of mineralisation at the site is rare and presents a unique exploration opportunity. It's share price doubled on the back of the news.

Reach Resources says it has confirmed high-grade copper-oxide mineralisation at its Morrissey Hill project in Western Australia's Gascoyne region after gleaning results of up to 33.2 per cent copper from recent rock-chip sampling. The impressive results were from the company's Swallowtail prospect from an outcropping quartz‐veined gossan that shows visible malachite through a strike length of about 150m.

Reach Resources has confirmed the presence of lithium at its Morrissey Hill and Wabli Creek projects following a successful sampling program in WA's emerging Gascoyne region. Samples from its Bonzer prospect that forms part of Morrissey Hill returned significant results, including one assay showing 2.3 per cent lithium oxide in addition to 4295 parts per million caesium, 705.8ppm tantalum oxide and 7978ppm rubidium.

WA's Gascoyne region is emerging as one of the State's newest lithium hotspots with local exploration heavyweights snapping up prime locations in the hunt for valuable EV mineralisation. Delta Lithium hit the headlines last year with its Yinnetharra project and more recently, Minerals 260 crashed the party by grabbing 1700sq km of tenements near Delta's northern lithium project.

Reach Resources has identified four major targets for lithium-caesium-tantalum pegmatites within its Critical Elements project in WA's Gascoyne region after independent analysis from geological experts. The initial phase of the assessment by RSC Consultants focused on Reach's Morrissey Hill, Camel Hill and Wabli Creek projects that form part of the greater Critical Elements operation.

ASX-listed Reach Resources is gearing up for an exploration blitz across its Gascoyne tenements following the immediate appointment of experienced geologist Steve Vallance as the company's Exploration Manager. The explorer recently acquired the Morrissey Hill lithium project, the Camel Hill rare earths project and the White Castles manganese project located in and around existing exploration hotspots in the region.

A strategic land grab by Reach Resources has resulted in the company building a dominant presence in the Gascoyne region after picking up the Morrissey Hill lithium project, the Camel Hill rare earths project in addition to the White Castles manganese project. The three projects cover a total of four tenements and build on the company's two established operations with the Skyline and Critical Elements projects in the region.

Our board moves wrap includes Rob Downey, Matthew O'Kane, Christopher Achurch, Patrick O'Neill, Collin Vost, and Justin Vost.

Threat Protect Australia is pleased to announce that it has recently completed a capital raising of $1.0m through a placement of 4,761,905 fully paid ordinary shares in the Company at an issue pric

Shares in Cervantes Corporation jumped on the ASX today after the company announced it had concluded drill testing at its Albury Heath project located 20 kilometres north-west of Meekatharra.

IMF Bentham announces it is conducting a fully underwritten institutional placement to raise $74.48 million.

Automotive Holdings Group today announced that HNA International (HNA) has confirmed that it is terminating the agreement announced on 23 November 2017 to acquire the Company's Refrigerated Logisti

Thred has announced a capital raising by way of a fully-underwritten, non-renounceable pro-rata entitlement offer at an issue price of $0.004 per new share on the basis of one new share for every t

Perth-based Cervantes Corporation says it has been approached by several companies over a possible merger.

Lobster exporter Cervantes Seafood Ltd has raised $150,000 from South Perth-based Investment Promotions Pty Ltd and its nominees, after completing its 30 million share and placement offer.

Lobster exporter Cervantes Seafood Ltd aims to raise $1.5 million through a placement and share offer to recapitalise the company and allow it to recommence trading on the Australian Stock Exchange.

THE business plan of Cervantes Seafood Limited appears to have come unstuck just five months after listing on the Australian Stock Exchange.

JUST five months after listing Cervantes Seafood Limited has posted a $1 million loss in its first half-yearly report.