Resource Base Limited (ASX:RBX), an ASX-listed mineral explorer focused on critical minerals and rare earth elements in South Australia, released its Annual Report for the year ended 30 June 2026. The company reported a net loss of $714,802 for the year, materially lower than the $2,358,496 loss reported in the prior year. The reduction in loss reflected the company's disciplined cost management approach. During FY26, Resource Base concentrated on advancing its South Australian critical minerals portfolio in the Gawler Craton and on maintaining the Mitre Hill Rare Earth Element (REE) project in good standing.

About Resource Base

Resource Base Limited (ASX:RBX) is an ASX-listed mineral exploration company focused on critical minerals and rare earth element projects in South Australia. The company's principal projects are its Gawler Craton critical minerals Assets in northern South Australia and the Mitre Hill REE Project. The company is led by Non-Executive Chairman Maurice Feilich, Executive Director Brent Palmer, and Non-Executive Director Michael Beven.

FY26 Annual Report — Key Activities

During the financial year ended 30 June 2026, Resource Base concentrated on advancing its South Australian critical minerals portfolio in the Gawler Craton and maintaining the Mitre Hill REE project in good standing. The company preserved Capital through disciplined cost management and expenditure reduction initiatives to protect its Balance Sheet and maintain financial flexibility.

The loss for the group after providing for income tax amounted to $714,802 for FY26, compared with $2,358,496 in FY25 — a reduction of approximately 70%. No dividends were paid, recommended, or declared during the current or previous financial years. The company continued to actively assess new project opportunities complementary to its existing projects while preserving capital.

Following a strategic review, the company continued work on its Gawler Craton licence applications, which were applied for directly with the South Australian Department for Energy and Mining. Michael Beven was appointed Non-Executive Director on 10 October 2025, replacing Paul Hissey who resigned on the same date. There were no revenues from Mining or exploration activities during the year.

Industry Context

The Gawler Craton of South Australia is a geological province that has attracted increasing exploration interest for critical minerals including uranium, copper, rare earth elements, and other battery and technology metals. South Australia has positioned itself as a key destination for critical minerals development, supported by the state government's geological survey program and mineral exploration incentive schemes. Rare earth elements are in high Demand globally for applications in electric vehicles, wind turbines, defence electronics, and permanent magnets.

Risks and Uncertainties

Resource Base holds exploration licences in South Australia with no defined JORC Mineral Resources, no production revenue, and relies on Capital Markets for working capital. The 70% reduction in the annual loss reflects cost management rather than Revenue growth. The company's ability to advance its Gawler Craton assets and the Mitre Hill REE project will depend on access to capital for exploration programs. Licence applications remain subject to regulatory processes.