Key Highlights

  • The company holds two exploration licences in South Australia's Gawler Craton, EL7054 and EL7060.
  • Desktop evaluation of both tenements continued during the September 2026 quarter.
  • No on-ground exploration was undertaken during the quarter.
  • The company maintains that both tenements remain prospective for further work.

Resource Base Limited (ASX:RBX) released its quarterly activities and cash flow report for the September 2026 quarter on 30 October 2026. The report covers the company's two South Australian exploration licences in the Gawler Craton. It describes a quarter focused on desktop work, with no field exploration carried out in the period.

The Two South Australian Tenements

EL7054 is located roughly 100 kilometres south of Coober Pedy and about 14 kilometres from the Muckanippie heavy mineral sands project held by PTR Minerals. The tenement sits directly next to PTR's Artemis rare earth prospect, and access to the Woomera Prohibited Area over the licence was granted by the Department of Defence.

EL7060 is about 15 kilometres south of Tarcoola. The tenement adjoins an interpreted anorthosite complex and sits close to prospects held by Indiana Resources and Barton Gold.

The company's report presents the desktop work as a basis for deciding where field exploration may be useful later. The quarter's activities are therefore preparatory in nature, and the report does not indicate a timetable for when the company expects to begin ground-based exploration on either licence.

Desktop Evaluation Work

During the quarter the company continued desktop evaluation of both tenements. The work included a review of historic drilling data, geophysical datasets and satellite spectral imagery.

The report notes that no on-ground exploration was undertaken in the period. Desktop reviews are often used to prioritise areas before field work, although the report does not set out a specific field program.

Prospectivity View

The company maintains that both tenements remain prospective for the mineral types it is targeting. That view is based on the desktop review and on the proximity of neighbouring discoveries.

Proximity to other companies' projects does not by itself confirm mineralisation on Resource Base's ground, and the report does not present new sampling or drilling results from either licence.

Final Word

Resource Base's September quarter activity centred on desktop evaluation of its two Gawler Craton licences, with no on-ground work completed. The company retains its view that both tenements are prospective, but the quarter did not add new field data. Future reports will show whether the desktop findings lead to field exploration.