RBX Aust exploration

Resource Base set to hold largest land position in southern margin of the Murray Basin

Resource Base (ASX:RBX) reports it is poised to hold the largest land position in the southern margin of the Murray Basin prospective for clay hosted Rare Earth Elements (REE) with a series of exploration licence applications.

The strategic metals explorer, which is targeting clay hosted REE and VHMS in Victoria and South Australia, reports it has submitted 5 exploration licence applications totalling 1,171km-square in Victoria for tenements it considers to be prospective for clay hosted REE.

The 5 licenses will expand the Mitre Hill project footprint to 6,001km-square

The 5 licenses will expand the Mitre Hill project footprint to 6,001km-square.

Resource Base announces that it has also submitted an exploration licence application totalling 495km-square in Victoria as part of the Black Range Project.

Upon granting of all tenements, Mitre Hill Project would hold the largest land position in the southern margin of the Murray Basin an emerging globally significant clay hosted Rare Earth precinct.

The licence and applications are located in the southern margin of the Murray Basin on the South Australian and Victorian state Border near the towns of Naracoorte, Penola, and Edenhope.

The company reports that the main economic target is clay hosted REE deposits, with Heavy Rare Earths considered strategically important given global supply modelling.

A significant archive of historical exploration data has been acquired by the company, including drilling results, numerous government studies, and minor private exploration.

The Black Range Project is located in Victoria’s premier porphyry and VHMS target district, the Mount Stavely Volcanic Complex (MSVC) in Western Victoria. The project includes the advanced Eclipse prospect, which is prospective for copper, gold, and zinc.

Black Range includes the advanced Eclipse prospect, which is prospective for copper, gold and zinc. The MSVC is considered an analogue of the Mt Read Volcanics in Tasmania, which is host to a number of world-class VHMS deposits (Rosebery, Hellyer, Que River), the giant Mt Lyell Cu-Au deposit, and the Henty Au deposit.

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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.