How will Reach Resources Navigate Drilling the Pegmatite Targets at Morrissey Hill?
Reach Resources Commences Phase 2 Drilling at Morrissey Hill Lithium Project
Reach Resources Limited (ASX: RR1 & RR1O) has commenced Phase 2 drilling at Morrissey Hill Lithium Project in Yinnetharra, Western Australia. The exciting development comes on the back of encouraging results from Phase 1 drilling, which have prompted the company to double the drilling metres in the second phase, targeting up to 9,000m. The drilling will follow the plunge of the mineralisation at the Bonzer prospect and test at least six other undrilled pegmatite targets with 20 November 2023 set as the date.
Phase 2 Drilling Commencement at Morrissey Hill Lithium Project
The announcement of Phase 2 drilling has sparked enthusiasm among the exploration team at Morrissey Hill Lithium Project. Strike Drilling, Reach's trusted drilling contractor, has commenced drilling at the company's 100%-owned project in the Gascoyne Mineral Field. The Morrissey Hill Lithium Project has proven reserves of lithium, |REE, Niobium and Manganese, which have been confirmed by recent and historical exploration results.
Doubling drilling metres in Phase 2
With the results from Phase 1 drilling offering encouragement, Reach Resources Limited has doubled the drilling metres in the second phase, promising drilling of up to 9,000m.
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The company's exploration team is confident that the drilling will follow the plunge of the mineralisation at the Bonzer prospect and test at least six other undrilled pegmatite targets. Reach Resources Limited aims to complete as much drilling as possible before Christmas.
A Lithium Territory
Morrissey Hill Lithium Project, located adjacent to Delta Lithium’s (ASX: DLI) Malinda Lithium Project,Yinnetharra WA, is part of Reach Resources Limited's large portfolio of tenements in the resource-rich Gascoyne Mineral Field. The company's exploration and drilling program is seeking to confirm the presence of Lithium, REE, Niobium and Manganese elements on the company's extensive land holdings.
More than Lithium
Reach Resources Limited has more than Lithium in their portfolio. The company is distinct from other pure explorers by having an inferred gold resource at Payne's Find and a significant investment in a downstream patented technology that recycles the rare earth elements from the permanent magnets.
Conclusion
The commencement of Phase 2 drilling at Morrissey Hill Lithium Project is an exciting development. Reach Resources Limited is hopeful to achieve a drilling meter target of up to 9,000m, and their exploration for Lithium, REE, Niobium and Manganese in the resource-rich Gascoyne Mineral Field appears to be bearing fruit. With more activities in their diverse portfolio, Reach Resources Limited appears to be playing the long game and balancing the risk factor by expanding into varied resources beyond Lithium.
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