Resource Base takes control of Mitre Hill rare earth elements project
2021-09-27 11:27:22 [Print]
Australia's Resource Base will take control of five exploration licence applications within the Murray Basin in Victoria and South Australia when it completes the acquisition of privately-owned WA company Mitre Hill Pty Ltd.
The applications are for deposits of ionic clay-hosted rare earth elements (REE), collectively known as the Mitre Hill project. In total, they cover 1,380 square kilometres either side of the Red Tail and Yellow Tail discoveries owned by Australian Rare Earths which have an inferred mineral resource of 39.9 million tonnes at 725 parts per million total rare earth oxide.
Resource Base has planned a low-cost exploration and drilling program to investigate areas within the new licences which could be prospective for shallow clay-hosted rare earth mineralisation.
The applications are for deposits of ionic clay-hosted rare earth elements (REE), collectively known as the Mitre Hill project. In total, they cover 1,380 square kilometres either side of the Red Tail and Yellow Tail discoveries owned by Australian Rare Earths which have an inferred mineral resource of 39.9 million tonnes at 725 parts per million total rare earth oxide.
Resource Base has planned a low-cost exploration and drilling program to investigate areas within the new licences which could be prospective for shallow clay-hosted rare earth mineralisation.
