An announcement from Reach Resources Limited ( (AU:RR1) ) is now available.
Reach Resources Limited has addressed queries from ASX regarding the initial assay results from its Murchison South Gold Project. The company confirmed that the results from the first two drill holes could materially affect the price or value of its securities. However, due to the project’s nature and the need for comprehensive data from all 14 drill holes, the company delayed the announcement to avoid misleading investors. The company asserts compliance with ASX Listing Rules, emphasizing the importance of context in reporting isolated assay results.
More about Reach Resources Limited
Reach Resources Limited operates in the mining industry, focusing on exploration and development projects. The company’s primary focus is on gold projects, with the Murchison South Gold Project being a significant part of its portfolio.
YTD Price Performance: 63.64%
Average Trading Volume: 18,137,957
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$15.74M
For an in-depth examination of RR1 stock, go to TipRanks’ Stock Analysis page.