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Reach Resources Secures Fully Funded Mining Deal for Murchison South Gold Project
9:29am on Monday 18th of May, 2026 AEST
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Mining
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Reach Resources Secures Fully Funded Mining Deal for Murchison South Gold Project
9:29am on Monday 18th of May, 2026 AEST
Key Points
Binding option agreement grants Andel exclusivity to negotiate mining and milling
Andel to fully fund mining and processing costs upfront
50/50 net profit share on an open-book basis
Andel to acquire 9.4% of Reach via $900,000 share placement
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Reach Resources (ASX:RR1)
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