Reach Resources Limited announced the receipt of final laboratory assay results from the Company's maiden rock chip sampling programs recently undertaken at its Skyline and Critical Elements projects. Both projects are located in the emerging Gascoyne Mineral Field in Western Australia. Importantly, these manganese assay results indicate the potential presence of high-grade manganese at Yinnietharra and in addition to the REE and Niobium, the Company looks forward to progressing its exploration program across each of its Gascoyne projects.

Manganese is the 4th most used metal globally and is expected to be in short demand in the coming decades, with no substitute in steel making. Importantly it has been recognised as a critical mineral by the Office of the Chief Economist (Australian Government Department of Industry, Innovation and Science). Further, a White House document (June 2021) states that manganese use in battery cathodes may result in the metals preferred element emergence in next generation battery cells, due to its `relative safety' and `having by far the most supply stability'.

Final manganese results were received from 74 rock chip samples collected within the Skyline and Yinnietharra tenements during 2022. Fourteen of the samples returned anomalous (0.1%) manganese results with a maximum of 11% Mn.