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Resource Base Limited (ASX:RBX)

ALERT: Price-sensitive ASX Announcement for RBX
Current share price for RBX : $0.027 -0.033 (-55%)+
Announcement
Release
28 Oct 2025 10:59AM
Price at Release
$0.060
Full Release
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Summary
Resource Base Limited reported on its activities and cash flows for the quarter ending 30 September 2025. The company focused on its Mitre Hill Project in the Murray Basin, highlighting the potential for significant Rare Earth Elements (REE) mineralization. No new work was conducted at Mitre Hill during the quarter. In South Australia, the company added two highly prospective tenements in the Gawler Craton known for titanium, gold, and REEs. Resource Base also confirmed a cash reserve of $738,000 and reported the receipt of a Canadian R&D tax credit. The company's quarterly cash flow included net cash outflows due to exploration, evaluation, staff, and administrative costs. A new director, Michael Beven, was appointed, bringing significant exploration experience. The company holds several exploration licenses in Australia and Canada, and reported $30,000 in exploration expenditure for the quarter.
Key Points
  • Mitre Hill Project confirmed potential for significant REE mineralization.
  • No new work conducted at Mitre Hill during the quarter.
  • Two new tenements acquired in South Australia's Gawler Craton.
  • Cash reserve at quarter-end was $738,000.
  • Received a CAD$131,679.54 tax credit from Revenue Quebec.
  • Reported $30,000 exploration expenditure for the quarter.
  • Michael Beven appointed as Non-Executive Director.
  • Focus on exploration projects in Australia and Canada.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.