Reach Resources Limited announced that Skyline Resource Corporation Pty Ltd. (wholly owned subsidiary of Reach Resources Limited), has been granted
Exploration Licence E09/2646 over a 247km area in the highly coveted Gascoyne province. E09/2646 is adjacent to and shares contiguous boundaries with Hastings Technology Metals Limited and Lanthanein Resources Limited. Recent REE exploration success from Lanthanein and nearby Dreadnought Resources Limited in addition to Hastings' move toward becoming Australia's next REE producer provides confidence on the prospectivity of the Company's Skyline Project. Having spent significant time to compile and review historical information, and with the recent success of companies holding the neighbouring tenure, the Company is excited to commence work at the Skyline Project later in the month. Initial exploration activities planned on the ground at E09/2646 will include field geological mapping and rock chip sampling of targets identified during aerial, spectral and radiometric/magnetic review. The grant of the Skyline Project adds to the Company's prospective REE ground in the Gascoyne province, combining with two other granted exploration licences E09/2354 and E09/2377 approximately 80km further south in the Yinnietharra region. The Company will update the market on its progress at the Skyline Project and looks forward to providing analytical results from the field program as soon as they become available.