InvestSMART

Resource Base Limited (ASX:RBX)

ALERT: Price-sensitive ASX Announcement for RBX
Current share price for RBX : $0.027 -0.014 (-34.15%)+
Announcement
Release
24 Apr 2026 4:06PM
Price at Release
$0.041
Full Release
download
Summary
Resource Base Limited, trading as ASX: RBX, released its quarterly activities and cash flow report for the March 2026 quarter. The company received access to the Woomera Prohibited Area for Exploration Licence EL7054 and identified priority titanium targets within EL7060 using satellite spectral analysis. They have two prospective tenements in the Gawler Craton, South Australia. The report details a cash position of $385,000 as of March 31, 2026, with notable expenditures on exploration and payments to related parties. Additionally, Resource Base relinquished the Ernst Lake Project in Canada while maintaining full interest in its Australian projects.
Key Points
  • Resource Base was granted access to the Woomera Prohibited Area for Exploration Licence EL7054 by the Department of Defence.
  • Exploration Licence EL7054 is located approximately 100km south of Coober Pedy in the northern Gawler Craton.
  • Satellite spectral analysis identified multiple priority titanium targets within EL7060 in the Gawler Craton.
  • Resource Base commissioned a review of historic exploration in EL7060, identifying potential titanium-bearing mafic intrusive rocks.
  • The company has two prospective tenements, EL7054 and EL7060, in South Australia's Gawler Craton, covering areas of 27km² and 69km² respectively.
  • Resource Base reported a cash balance of $385,000 as of 31 March 2026.
  • The company incurred $29,000 in exploration expenditure during the March quarter.
  • Payments totaling $69,000 were made to related parties, mainly for Directors' fees and superannuation.
  • Resource Base held 100% interest in the Gawler Craton and Mitre Hill Projects, and relinquished the Ernst Lake Project in Quebec, 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.