News News
Contact us
  • Customer service number:64321087
  • Commercial service telephone:13918059423
  • Technical service telephone:13918059423
  • Contact person: Mr. Cui 
  • Service
  • Address: room 107, building 8, no. 100, guilin road, xuhui district, Shanghai

Resource Base gears up to drill Mitre Hill in emerging ionic clay rare earth precinct

The date of: 2022-02-23
viewed: 1


Resource Base (ASX: RBX) is gearing up to drill its wholly-owned Mitre Hill rare earth element (REE) project as planned next month.

The company’s Mitre Hill project is strategically positioned within an emerging ionic clay REE precinct that spans Victoria and South Australia in the southern margin of the Murray Basin.

Australian Rare Earths (ASX: AR3) holds neighbouring ground that is only 12km from one of the Mitre Hill licences.

With Australian Rare Earths’ ongoing discoveries of ionic clay-hosted REE at its nearby tenements, Resource Base believes this style of mineralisation could be potentially at a “significant regional scale”.

Resource Base has one granted tenement and three under application in western Victoria and one application in south-eastern South Australia.

Emerging ionic clay REE precinct

These tenements all lie within the southern margin of the Murray Basin where Resource Base expects there to be “significant potential” for hosting ionic clay REE.

All up, the tenements making up the Mitre Hill project encompass 1,509 square kilometres of ground in the region.

The one granted tenement is 12km from Australian Rare Earths’ Red Tail and Yellow Tail deposits which host combined JORC resources of 39.9 million tonnes grading 725 parts per million total rare earth oxide (TREO).

Resource Base noted that Australian Rare Earths has undertaken regional exploration and confirmed ionic clay REE extends at least 40km north of the Red Tail and Yellow Tail mineral resources.

Additionally, Lions Bay Capital’s (TSXV: LBI) exploration on Savic Minerals’ nearby tenements has identified the same mineralisation.

Lions Bay is farming into Savic’s tenements, and, last month, revealed a highlight assay of 1m at 2,140ppm TREO. This was unearthed directly along strike of Australian Rare Earths’ Red Tail deposit.

As a result, Resource Base believes it is “very well-positioned” to play a key role in the emerging ionic clay REE precinct that is “potentially of global significance”.

Hot News / Related to recommend
  • 2023 - 09 - 26
    Click on the number of times: 0
    source:SASKTODAYREGINA — Immigration and Career Training and Trade and Export Development Minister Jeremy Harrison, is leading a delegation to the United Kingdom (UK) and Poland.The mission's focu...
  • 2023 - 09 - 25
    Click on the number of times: 0
    source:malaymailKUALA LUMPUR, Sept 21 — A member of the Dewan Negara suggested today that the government set up an agency, body or government-linked company (GLC) to supervise and manage all rare eart...
  • 2023 - 09 - 22
    Click on the number of times: 0
    source:subscribeOD6 Metals looks set to turbocharge the hulking resource at its Splinter Rock project in Esperance after revealing new rare earths assays with grades of up to 4159 parts per million to...
  • 2023 - 09 - 21
    Click on the number of times: 0
    source:FastmarketsOffshore wind capacity targets – that might see ninefold growth in installations by 2030 – are under threat without global changes in policy, financing and managing supply chain risk...
  • Copyright ©Copyright 2018 2020 Shanghai rare earth association All Rights Reserved Shanghai ICP NO.2020034223
    the host:Shanghai Association of Rare Earth the guide:Shanghai Development and Application Office of Rare Earth the organizer:Shanghai rare earth industry promotion center