By Reach Resources’ (ASX:RR1) is on the tail of a niobium discovery after uncovering more high-grade niobium from surface sampling at its Wabli Creek project in Western Australia, according to an article on Business News.
Reach Resources reported assays of 10.3 percent Nb2O5 (23RRRK243) and 2.6 percent Nb2O5 (23RRRK244) with additional anomalous rare earth elements results of up to 7082 parts per million total rare earth oxide.
Although grab samples of eluvium may not reflect the average in-situ grade of the host pegmatite, Reach pointed out the type of confirmed mineralization at Wabli Creek is rare and presents a unique exploration opportunity, the article said.
It further stated that with this significant new discovery, Reach Resources could be destined to meet the demands of the green economy.
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