Resource Base Limited announced that it has submitted five (5) Exploration Licence applications totalling 1,171km2 in Victoria for tenements it considers to be prospective for clay hosted Rare Earths (REE). The Company has also
submitted one (1) Exploration Licence application totalling 495km2 in Victoria as part of the Black Range Project. Mitre Hill Project: The five (5) new Mitre Hill clay hosted REE project applications would grow the footprint to 6,001km2 provided all applications are granted. The 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. RBX currently has twenty seven (27) tenements, comprising twenty two (22) applications and four (4) granted tenements the southern margin of the Murray Basin in western Victoria and one (1) granted tenement in South Australia. The areas targeted by these applications are considered by the Company to have potential for clay hosted Rare Earth mineralisation and exploration work will test for the presence of Murray Basin stratigraphy known to host REE as well as expanding the mineralisation model in the region.