Resource Base Limited announced that it has submitted three (3) Exploration Licence applications totalling 1,021km2 in Victoria for tenements it considers to be prospective for clay hosted Rare Earths (REE). Mitre Hill Project: The three (3) new Mitre Hill clay hosted REE project applications would grow the footprint to 7,022km2 provided all applications are granted. The Mitre Hill Project holds the largest land position in the southern margin of the Murray Basin an emerging globally significant clay hosted Rare Earth precinct.

RBX currently has thirty (30) tenements, comprising twenty-five (25) 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.