Reach Resources Limited
Reach Resources Limited (incorporated 2001, Perth-based) explores for gold, rare earths, lithium, niobium and manganese in Western Australia. Its Murchison South Gold Project (Murchison Goldfields Region, WA) comprises two shallow open-pit targets: Blue Heaven, with granted mining leases and a 9 Apr 2026 JORC 2012 Mineral Resource Estimate of 844,000 tonnes at 3.0 g/t gold for 80,000 ounces (530,000t Indicated at 2.60 g/t = 45,000oz, no Measured category; 314,000t Inferred at 3.50 g/t = 35,000oz) -- a 30% increase over a prior (2025) 61,300oz all-categories estimate, with 95% metallurgical recovery demonstrated; and Pansy Pit, 72,000t at 2.5 g/t gold for 5,800oz (100% Inferred, unchanged since May 2025). On 18 May 2026 Reach signed a binding option agreement with Andel Resources Pty Ltd (via subsidiary Gylden Resources, operator of the nearby Kirkalocka Mill) delivering an A$2 million non-refundable option fee plus an A$900,000 strategic placement; Andel exercised that option on 18 Aug 2026, executing a legally-binding Right to Mine (RTM) Agreement over the Blue Heaven tenement (M59/769) under which Andel fully funds pre-mining, mining, haulage and processing costs upfront (recouped from gold revenue) in exchange for a 50/50 share of net project profit -- per the most recent dated update found (the RTM execution announcement itself, 18 Aug 2026), Andel's actual right to mine remains conditional on four unsatisfied conditions precedent (FIRB approval, execution of Project and Ancillary Agreements, and an independent environmental baseline audit), so this is a binding funding deal fast-tracking Murchison South toward production, not yet production itself. Reach also holds the Wabli Creek rare-earths/niobium project in the Gascoyne region and a minority equity stake in US-based REEcycle Inc.
Lifecycle Milestones
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Chief Executive Officer of Reach Resources Limited, a Perth-based exploration and development company advancing the Murchison South Gold project near Payne Find, Western Australia. Over 15 years' experience in global consulting and mining, including with GHD Pty Ltd and BHP Iron Ore.
Non-Executive Chairman of Reach Resources Limited. Commercial lawyer with over 20 years' experience advising companies in public and private sectors.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked thoroughly: no institutional holder is on record, and the only insider-register entries in the last year are ambiguous 'Other'-type transactions and a rights-entitlement take-up by a director's spouse, neither a genuine open-market purchase.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Murchison South Gold Project (Western Australia, two shallow open pits): Blue Heaven -- updated 9 Apr 2026 MRE, Indicated 530,000 t at 2.60 g/t Au = 45,000 oz + Inferred 314,000 t at 3.50 g/t Au = 35,000 oz (80,000 oz total, up 30% from a prior 61,300 oz all-categories figure). Pansy Pit -- 72,000 t at 2.5 g/t Au = 5,800 oz, 100% Inferred (May 2025), unchanged. ouncesFound = Blue Heaven's Indicated component only (45,000 oz); Pansy is excluded as Inferred-only per convention. Mining leases granted at both pits; company is fast-tracking toward production via toll treating.