Why Resource Base (ASX:RBX) is pairing a South Australian titanium search with a fresh A$700,000 funding commitment

Sonal Goyal

16 October 2026 11:31 PM AEDT

Why Resource Base (ASX:RBX) is pairing a South Australian titanium search with a fresh A$700,000 funding commitment

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Key Highlights

Resource Base's June 2026 Quarterly Report showed A$211,000 in cash and a runway of about 1.2 quarters.
On 31 July 2026 the company announced firm commitments from sophisticated investors to raise A$700,000 at A$0.025 a share.
Work at the Gawler Craton titanium licences EL7054 and EL7060 in the June quarter was desktop only.

Resource Base (ASX:RBX) is a Perth-based explorer whose cash had fallen far enough that it announced new funding commitments on the day it released its June 2026 quarterly report. That report, released on 31 July 2026, showed A$211,000 in cash and a runway of about 1.2 quarters. On the same day the company announced firm commitments from sophisticated investors to raise A$700,000 at A$0.025 a share.

What the company does and its stage

Resource Base is an early-stage explorer with no revenue. In South Australia's Gawler Craton it holds two exploration licences, EL7054 and EL7060, which it considers prospective for titanium-bearing heavy mineral sands. Work in the June quarter was desktop only, comprising a review of historic drilling, geophysics and satellite imagery, with no on-ground exploration. Earlier ASX announcements in 2026 referred to a review of historic exploration identifying an anorthosite analogue (12 March) and to satellite imagery identifying multiple titanium targets (17 April).

The company also holds the Mitre Hill rare earths project on the South Australia and Victoria border, which it describes as prospective for clay-hosted rare earths. A JORC Inferred Resource of 21 million tonnes at 767 parts per million total rare earth oxides was announced on 3 February 2023, and no exploration took place there during the quarter. An Inferred resource is a lower-confidence category and is not a reserve.

Portfolio changes

Two tenements were relinquished during the June quarter, and the company said it was reviewing new project and corporate prospects. An ASX announcement of 17 September 2025 referred to an Impairment of the company's Canadian lithium projects, and the company's announcements also record a Deed of Exploration granted over South Australian tenements on 13 February 2026.

Cash, spending and dilution

Cash fell from A$385,000 at the start of the June quarter to A$211,000 at 30 June 2026. Net operating outflow was A$169,000 for the quarter and A$572,000 for the year, of which exploration and evaluation accounted for A$90,000 and A$150,000 respectively. Administration and corporate costs were A$58,000 and staff costs A$21,000 for the quarter, while related-party payments for directors' fees and Superannuation totalled A$21,000.

If the A$700,000 raising proceeds on the stated terms, about 28 million new shares would be issued at A$0.025. Those shares would add to the number on issue and dilute existing holders.

Key Insights

Interest in titanium and rare earths reflects wider Demand for critical minerals, but exploration-stage companies face a long path from concept to resource. Resource Base's desktop targets would need to be tested by fieldwork and drilling, and access agreements with landholders and state authorities must be maintained. With about one quarter of funding at the end of June, the company depends on Capital Markets to keep its tenements in good standing.

FAQs

Q:How much cash did Resource Base have at 30 June 2026?

A:The June 2026 quarterly report showed A$211,000 in cash, down from A$385,000 at the start of the quarter, and a runway of about 1.2 quarters.

Q:What raising did Resource Base announce?

A:On 31 July 2026 the company announced firm commitments from sophisticated investors to raise A$700,000 at A$0.025 a share, equal to about 28 million new shares on the stated terms.

Q:What projects does Resource Base hold?

A:It holds exploration licences EL7054 and EL7060 in South Australia's Gawler Craton, considered prospective for titanium-bearing heavy mineral sands, and the Mitre Hill clay-hosted rare earths project on the South Australia and Victoria border.

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