How Did Reach Resources Begin the Phase 2 Drilling Program?

Unveiling the Lithium Potential: Morrissey Hill Phase 2 Drilling Results

Reach Resources Limited has recently shared the outcomes of its Phase 2 drilling program at the Morrissey Hill Lithium project, revealing significant lithium and lithium-caesium-tantalum (LCT) pathfinder anomalism across multiple prospect areas. With 58 reverse circulation (RC) holes drilled for a total of 5,282 meters, the program spans across Bonzer, Morrissey Hill, Peggy Sue, Shore Break, and Sunset Boulevard prospects.

These results not only demonstrate low to medium grade lithium mineralization but also expand the project's overall potential. The company is now focused on securing heritage approvals for high-priority targets and further geological exploration.

Drilling Highlights

Comprehensive Exploration: The Phase 2 drilling encompassed 58 RC holes over 5,282m across five key prospects, marking a significant step in exploring the Morrissey Hill project's lithium potential.

Significant Intercepts: Notable findings include 16m @ 0. 15% Li2O from the surface at Bonzer and 40m @ 0.

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09% Li2O from 10m downhole at Morrissey Hill, among others, showcasing the presence of lithium mineralization.

Anomalism Detected: Each prospect area displayed strong, coherent lithium and LCT pathfinder anomalism, indicating a fertile, highly fractionated lithium-bearing system.

Prospect Area Insights

Bonzer: Characterized by a dense pegmatite swarm, this prospect showed promising lithium-bearing characteristics, with intercepts such as 16m @ 0. 15% Li2O from the surface.

Morrissey Hill: Targeted pegmatite dykes within this prospect resulted in significant lithium intercepts, highlighting the area's potential for further exploration.

Peggy Sue and Shore Break: Both areas demonstrated lithium mineralization with significant intercepts, underscoring the broader zone of mineralization present within the project.

Sunset Boulevard: Although a single hole failed to intersect pegmatite at depth, it highlights the geological complexities and the need for further investigation.

Next Steps and Strategic Focus

Heritage Approvals: Obtaining necessary clearances for priority areas remains a key focus, particularly at Morrissey Hill and Wabli Creek, to enable further exploration.

Geochemical Evaluation: Detailed analysis of drilling results by Sugden Geoscience will inform the next phases of exploration and potential drilling targets.

Geological Mapping: Continued structural mapping will enhance the understanding of the mineralization patterns and geological features across the project.

CEO's Vision

Jeremy Bower, CEO of Reach Resources, emphasizes the early stages of understanding the Morrissey Hill Project. The Phase 2 results confirm a broader zone of mineralization, with high-priority targets yet to be explored. Bower highlights the short-term goal of locating high-grade mineralization and the anticipation for the 2024 field season, pending the successful acquisition of heritage approvals.

The Phase 2 drilling results from Morrissey Hill signal a promising future for Reach Resources Limited in lithium exploration. With significant lithium mineralization identified across multiple prospects, the company is poised for further exploration.

The strategic focus on securing heritage approvals and detailed geochemical evaluation will play a crucial role in unlocking the full potential of the Morrissey Hill Lithium project, setting the stage for a potentially lucrative lithium production in Western Australia's Gascoyne Region.

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