Resource Base Limited’s (ASX:RBX) air-core drilling contractor is on-site at EL007646 as the company prepares for a drilling campaign on its 100% owned Mitre Hill project that is prospective for Ionic Clay Rare Earths in southern Australia.
The programme is focussed on drilling roadside reserves at an initial 500m spacing to begin assessment of EL007646, the first of the Mitre Hill Project tenements to be granted, with results expected to be returned in April.
RBX has secured a rubber tacked air–core drill rig that ensures minimal ground disturbance and therefore minimising any environmental impacts.
The company is actively working with key project stakeholders including, landowners and the local community to develop strong relationships.
EL007646 is located approximately 12km east of Australian Rare Earths’ JORC 2021 Inferred Mineral Resource of 39.9Mt @ 725ppm Total Rare Earth Oxide (TREO).
With the continuing exploration success neighbouring tenement holders are experiencing, such as Australian Rare Earths the company believes the Ionic Clay Rare Earth mineralisation that has been identified within the southern margin of the Murray Basin is potentially of significant regional scale with indications of an emerging Ionic Clay Rare Earths precinct.
RBX currently has 16 tenements, 15 applications and one granted tenement the southern margin of the Murray Basin in western Victoria and one application in south-eastern South Australia.
The areas targeted by these applications are considered by the company to have significant potential to host Ionic Clay Rare Earth mineralisation.
The company has a significant land holding in the southern margin of the Murray Basin and believes it is very well positioned to play a key role in the emerging Iconic Clay Rare Earths precinct that is potentially of global significance.
For further information please visit: https://www.resourcesbase.com.au/
