Key Highlights

  • Final grade control assays from the proposed NW Pit include 9 metres at 4.7 grams per tonne gold from 6 metres in hole 26MSGC0127.
  • The tighter 10-metre by 10-metre grid has delivered higher grades and greater widths than the resource model predicted.
  • Thirteen holes returned intervals above 5 grams per tonne gold, and five above 10 grams per tonne.
  • Mining leases M59/790, 786 and 799 are yet to be drilled by the company.

Reach Resources Limited (ASX:RR1) has reported the final assay results from its grade control drilling program at the proposed NW Pit within the Murchison South Gold Project, near Payne's Find in Western Australia. The announcement, dated 10 November 2026, says the completed program validates the resource model, with gold intersected where predicted and in several cases in greater widths and grades than modelled.

Final Grade Control Assays

The final 40 holes returned further near-surface gold. Hole 26MSGC0127 returned 9 metres at 4.7 grams per tonne gold from 6 metres, including 2 metres at 18.5 grams per tonne. Hole 26MSGC0126 returned 10 metres at 1.9 grams per tonne from surface, including a 1-metre interval at 12.4 grams per tonne, and a second 10-metre interval at 1.6 grams per tonne from 18 metres. Five consecutive holes on one grade control line intersected mineralisation from at or near surface.

Across the full program, 13 holes returned intervals above 5 grams per tonne, five of them above 10 grams per tonne. The highest result reported earlier was 2 metres at 24.6 grams per tonne in hole 26MSGC0091, announced on 27 October 2026.

Model Validation and Grid Design

The company says the tighter 10-metre by 10-metre grid delivered higher grades and greater widths than the resource model had predicted, and that some mineralisation lies outside the current Mineral Resource Estimate. Grade control drilling is used to refine the model before mining, and the company presents this result as evidence that the model is conservative at the scale of individual benches.

Grade control holes are drilled close together to guide mining, and their results usually show more local variability than resource drilling. Reconciling grade control with the resource model is therefore a technical exercise, and the company's statement reflects its own interpretation of the reconciliation.

Program Totals and Mine Planning

In total, 163 reverse circulation holes for about 4,236 metres were completed across the first five proposed Mining benches. The full dataset now feeds into final grade control modelling and short-term mine scheduling ahead of mining. The company notes that mining leases M59/790, 786 and 799 have yet to be drilled, indicating further exploration potential beyond the planned pit.

Risks and Matters to Monitor

The results relate to the proposed pit and to a single mineralised zone. Gold grades vary across short distances, and the reported intervals include narrow high-grade results that can inflate averages. Mine scheduling, metallurgical recovery, operating costs and gold prices will determine the Economics of the pit, and the announcement does not address those in detail.

Final Word

Reach Resources' final grade control results support the existing resource model for the NW Pit and suggest near-surface mineralisation may be somewhat wider or higher grade than modelled. Mine scheduling will now incorporate the full dataset, and the company points to undrilled leases as a source of future upside. The next visible step will be the start of mining and the first recovered production figures from the pit.