Reach Resources has secured mining lease M59/786 for its Murchison South Gold Project in Western Australia, consolidating a former prospecting licence with the Pansy Pit mining lease, previously designated as M59/662.
The new lease encompasses the East Daffodil gold deposit and connects with areas hosting the Pansy Pit and the historic Shamrock Pit.
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Reach Resources previously disclosed an inferred mineral resource estimate (MRE) for Pansy Pit, which includes 72,000t at 2.5 grams per tonne (g/t) gold for a total of 5,800oz.
The newly granted lease is strategically positioned south-east of the Blue Heaven deposit and north-east of Pansy Pit.
Blue Heaven itself has a current MRE of 681,000t at 2.8g/t, equating to 61,300oz of gold, with 61% classified as indicated and 39% as inferred.
The East Daffodil deposit has only undergone limited shallow drilling to date, reaching a maximum depth of 29m.
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By GlobalDataHistorical open-pit operations at Daffodil lie next to this area but are not part of Reach Resources’ tenure.
The company stated that East Daffodil is situated on a splayed branch of the Primrose Fault, a significant gold-bearing structure in the region.
Drilling activities at Blue Heaven have achieved intercepts at depths approaching 200m.
Reach Resources CEO Jeremy Bower said: “The grant of this second new mining lease at Murchison South marks the start of an exciting period for Reach. We now control three granted mining leases covering the most prospective portions of the Primrose Fault, giving the company a dominant position in this highly mineralised corridor.
“We are entering a period of sustained news flow with metallurgy, RC [reverse circulation] drilling and rock chip results due in the short term, forming the catalysts for a potential MRE update and the completion of our scoping study. These milestones will play a key role in determining potential development pathways for the project. With the gold price remaining strong, Reach is very well positioned heading into 2026.”
Reach Resources also noted that local infrastructure supports the project, located within 1km of the Great Northern Highway with access to accommodation facilities and a Royal Flying Doctor Service airstrip.
A toll treatment processing plant, approximately 75km away, is undergoing refurbishment.
