Announcement • Apr 28
Reach Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.825855 million. Reach Resources Limited has completed a Follow-on Equity Offering in the amount of AUD 0.825855 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 91,761,613
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Rights Offering Announcement • Mar 25
Reach Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.147953 million. Reach Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 3.147953 million.
Security Name: ORDINARY SHARES
Security Type: Common Stock
Securities Offered: 349,772,540
Price\Range: AUD 0.009
Discount Per Security: AUD 0.00054
Transaction Features: Rights Offering Announcement • Sep 16
Reach Resources Limited, Annual General Meeting, Nov 13, 2025 Reach Resources Limited, Annual General Meeting, Nov 13, 2025. Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Sam Wright was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 11
Reach Resources Limited Announces 61K Oz Optimised Pit Resource Confirmed by Mining Plus Reach Resources Limited announced the Mineral Resource Estimate (MRE) has been completed by independent resource geology consultants Mining Plus, for the Blue Heaven deposit, reported above a cut-off grade of 0.5g/t Au, within an optimised pit shell based on a gold price of AUD 3,500. Independent resource consultant Mining Plus confirms Mineral Resource Estimate (MRE) for the Blue Heaven deposit at Murchison South: From Surface 681kt @ 2.8 g/t for 61,300 oz Gold; High-Grade Fresh Rock Dominance: ~92% of the gold ounces occur in fresh mineralisation (at an average grade of 3.1g/t Au); The Blue Heaven MRE deposit has the potential to be a shallow, open pit mining operation, with mineralisation observed from surface; Strong Gold Market: Spot gold price of ~A$5,000/oz offers significant upside versus the AUD 3,500/oz pit shell price used in the MRE; > 65% of the MRE (~450kt) classified as Indicated with mineralisation starting from surface and remaining open along strike and at depth; Metallurgical test work completed to date, confirms an average of 97% recovery (bottle roll leach test); The optimised open pit sits within granted Mining lease M59/769 alongside the Great Northern Highway; Processing discussions continue with various groups. The Company looks forward to providing an update in due course; A separate MRE is underway for the nearby Pansy Pit (Figure 3), with ~4km of largely unexplored strike on the Primrose Fault. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 2 non-independent directors. Independent Director Sam Wright was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 18
Reach Resources Limited, Annual General Meeting, Nov 21, 2024 Reach Resources Limited, Annual General Meeting, Nov 21, 2024. Location: level 14, qv1 building, 250 st georges terrace, perth wa 6000, perth Australia New Risk • May 14
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 59% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (51% average weekly change). Earnings have declined by 74% per year over the past 5 years. Shareholders have been substantially diluted in the past year (59% increase in shares outstanding). Revenue is less than US$1m (AU$6.6k revenue, or US$4.3k). Market cap is less than US$10m (AU$11.4m market cap, or US$7.50m). Announcement • May 02
Reach Resources Limited has announced a Derivatives Offering in the amount of AUD 0.256788 million. Reach Resources Limited has announced a Derivatives Offering in the amount of AUD 0.256788 million.
Security Name: Options
Security Type: Equity Option
Securities Offered: 256,787,616
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Announcement • Feb 21
Reach Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.140198 million. Reach Resources Limited has filed a Follow-on Equity Offering in the amount of AUD 2.140198 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,070,099,037
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Features: Attached Options
Transaction Features: Rights Offering New Risk • Dec 11
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$12.8m (US$8.43m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 65% per year over the past 5 years. Shareholders have been substantially diluted in the past year (68% increase in shares outstanding). Revenue is less than US$1m (AU$6.6k revenue, or US$4.3k). Market cap is less than US$10m (AU$12.8m market cap, or US$8.43m). Minor Risk Less than 1 year of cash runway based on current free cash flow (-AU$1.4m). Announcement • Oct 06
Reach Resources Limited, Annual General Meeting, Nov 15, 2023 Reach Resources Limited, Annual General Meeting, Nov 15, 2023, at 11:00 W. Australia Standard Time. Location: Ground Floor, 216 St Georges Terrace Perth WA 6000 Australia Agenda: To consider Remuneration Report; to consider Re-election of Director Mr Robert Downey; to consider Ratification of prior issue of Consideration Shares; to consider Approval of the Additional 10% Placement Capacity; to consider Ratification of prior issue of Placement Shares - 126,000,000 Placement Shares under Listing Rule 7.1; to consider Ratification of prior issue of Placement Shares - 274,000,000 Placement Shares under Listing Rule; to consider Ratification of prior issue of Placement Options; and to consider Ratification of prior issue of Lead Manager Options. Announcement • Sep 18
Reach Resources Limited (ASX:RR1) entered into a binding tenement sale agreement to acquire Ashburton prospect (Tenement E09/2543) from Firebird Metals Limited (ASX:FRB) for AUD 0.11 million. Reach Resources Limited (ASX:RR1) entered into a binding tenement sale agreement to acquire Ashburton prospect (Tenement E09/2543) from Firebird Metals Limited (ASX:FRB) for AUD 0.11 million on September 15, 2023. The consideration is payable via the issue of ordinary shares in Reach Resources. The transaction is expected to complete 5 days after the date the tenement sale agreement was signed. New Risk • Aug 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 65% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$963k free cash flow). Share price has been highly volatile over the past 3 months (27% average weekly change). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (65% increase in shares outstanding). Revenue is less than US$1m (AU$100k revenue, or US$66k). Minor Risk Market cap is less than US$100m (AU$34.7m market cap, or US$22.8m). Announcement • Feb 13
Reach Resources Limited Signs Binding Terms Sheets Reach Resources Limited announced that binding terms sheets have been signed with two separate and non-related parties for the acquisition of four tenements highly prospective for lithium, REE and/or manganese in the Gascoyne Mineral Field, WA. Three of the four tenements share a boundary with existing Reach tenure which significantly increases the Company's ability to explore entire mineral strike lengths and provides greater contiguous area for potential future development. The two new tenements lie in the Mutherbukin Zone of the Gascoyne Mineral Field and are dominated by granitoids of the Paleoproterozoic Durlacher Supersuite in the centre of the project area. The Thirty Three Supersuite is the youngest unit in the project area and crops out in both Morrissey Hill E09/2375 and Camel Hill E09/2388, along the Ti Tree Shear Zone. Red Dirt1 has reported lithium-mineralised pegmatites within 5 km of the Thirty Three Supersuite at their Yinnetharra Project, which is adjacent to Morrissey Hill (E09/2375). Mineral Developments 3 and Pure Minerals Limited4 have previously collected rock-chip samples, primarily from pegmatites, at Morrissey Hill (E09/2375;). Additionally, Pure Minerals Ltd. conducted a gridded soil sampling program over Morrissey Hill, of over 1,000 soil samples. Anomalous results of up to 6,140 ppm Li (1.32% Li2O)5, 2.97% Ta (3.62% Ta2O5)6, 1,936 ppm Rb, 2,276 ppm Cs, and 1.08% Nb (1.55% Nb2O5)7 were returned from rock-chip samples along the contact boundary between the Thirty Three Supersuite and Leake Spring Metamorphics. The same geological contact hosts RDT's Yinnetherra Project. Therefore, with the same geological complex and outcropping pegmatites at Morrissey Hill, and lithium mineralisation in historical rock chip samples, the project is considered prospective for potential lithium deposits. The White Castles Manganese Project is part of a 200 km long strike extensive belt of manganese deposits within the Ullawarra Formation of the Edmund Basin. The Ullawarra Formation regionally hosts supergene-stratiform, lateritic and detrital style manganese mineralisation and is similar in age to the Tieling Formation that hosts manganese deposits in northern China8. Most manganese mineralisation is located within one depositional package of the Ullawarra Formation that consists of siltstone, fine- grained sandstone, dolostone, chert and lesser felsic volcaniclastic rocks and is intruded by numerous dolerite sills. Outcropping manganese mineral occurrences in E09/2539 and E09/2542 include Pingandy Bore, Coodardo Well 3 and Wanna Bore. Several manganese occurrences are also present in adjacent tenements, including Coodardo Well 1 and 2, located immediately north of E09/2539 in the same stratigraphic unit. The White Castles project tenements are located along strike from numerous manganese occurrences within Pure Minerals Battery Hub Manganese Project. Announcement • Feb 04
Reach Resources Limited Announces Receipt of Final Laboratory Assay Results from the Company's Maiden Rock Chip Sampling Programs Recently Undertaken At Its Skyline and Critical Elements Projects 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. Board Change • Nov 18
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Matthew O’Kane is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Board Change • Aug 13
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director Matthew O’Kane is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. 
