Reach Resources (ASX:RR1) Reports High-Grade Results at Murchison South

Aditi Sarkar

27 October 2026 10:29 PM AEDT

Reach Resources (ASX:RR1) Reports High-Grade Results at Murchison South

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Highlights

Grade control hole 26MSGC0091 returned 7 m at 7.5 g/t gold, including 2 m at 24.6 g/t.
Nine holes returned intervals above 5 g/t gold.
Mineralisation starts near surface within the first mining benches.
Mining of the NW Pit expected to begin in 2027.

Reach Resources Limited (ASX:RR1) has released grade control drilling results from its Murchison South Gold Project near Payne's Find in Western Australia. A total of 163 RC holes for about 4,236 m were drilled on a 10 m by 10 m grid over the proposed NW Pit, covering the first five mining benches. Assays have been received for 123 holes.

Key Results

Hole 26MSGC0091 returned 7 m at 7.5 g/t gold from 20 m, including 2 m at 24.6 g/t gold, in an area where the model had interpreted only 1 m of high-grade mineralisation. Hole 26MSGC0084 returned 15 m at 2.2 g/t gold from 2 m, and 26MSGC0113 returned 24 m at 1.2 g/t gold from 7 m.

Nine holes returned intervals above 5 g/t gold, and mineralisation begins near surface within the first mining benches.

What the Results Show

The tighter drill spacing identified higher-grade zones and greater widths than the earlier resource drilling, including in one area previously modelled as low grade. The results also confirm the geometry and continuity of the mineralised envelope.

CEO Jeremy Bower called the high-grade intercepts an excellent result for Reach and its shareholders. Andel's David Evans said the program has given a much clearer picture of the NW Pit ahead of mining.

Next Steps

Mining will be carried out by SMS Mining, a subsidiary of Andel Resources, under a binding Right to Mine Agreement. Remaining assays for 40 holes are expected in November, after which the data will feed into final grade control modelling and mine scheduling.

The company also noted exploration upside on three undrilled mining leases containing strike extensions of the Primrose Shear. Mining of the NW Pit is expected to begin in 2027.

Key Takeaways

Grade control drilling has confirmed near-surface gold at the NW Pit.
Closer spacing identified higher grades than earlier modelling.
Remaining assays are due in November.
Mining is expected to start in 2027 under the Andel agreement.

FAQs

Q: Where is the Murchison South Gold Project?

A: Near Payne's Find in Western Australia.

Q: What was the best result?

A: 7 m at 7.5 g/t gold from 20 m, including 2 m at 24.6 g/t gold.

Q: How many holes were drilled?

A: 163 RC holes for about 4,236 m.

Q: Who will mine the NW Pit?

A: SMS Mining, a subsidiary of Andel Resources.

Q: When will mining start?

A: Mining of the NW Pit is expected to begin in 2027.

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