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.