Reach Resources expands Murchison South gold resource to 67koz with new Pansy Pit estimate

Reach Resources Limited (ASX: RR1) has significantly increased its Murchison South gold inventory to 67,100 oz, following a newly confirmed Mineral Resource Estimate (MRE) for the Pansy Pit of 5,800 oz @ 2.5g/t Au, based on historical drilling. This adds to the 61,300 oz previously reported at the Blue Heaven deposit. Prepared by Mining Plus, the MRE highlights open-pit potential at Pansy with mineralisation starting from surface and remaining open at depth and along strike. With gold prices around AU$5,000/oz—well above the A$3,500/oz used in modelling—the upside is notable.

The company has initiated a scoping study and is exploring further expansion opportunities at nearby prospects including Shamrock, Jacamar, and Pansy North. CEO Jeremy Bower emphasized the cost-effectiveness of adding ounces without new drilling and the strategic focus on progressing toward production, capitalizing on the strong gold market. Additional walk-up drill targets provide further growth potential across the Primrose Fault corridor.

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