Resource Base (ASX:RBX) expands Mitre Hill REE Project with new tenements

Resource Base acquired eight new tenements, expanding its land holding in Victoria for the Mitre Hill Rare Earth Elements Project by approximately 50%, reaching around 2,109 km2.

Six of the tenements are contiguous with the existing granted tenure, strengthening the project's overall package.

Mitre Hill is on strike from the Australian Rare Earths' (ASX:AR3) Koppamurra Project, which hosts a total rare earth oxide resource of 186Mt at 712ppm.

The company is now looking to undertake infill drilling at Mitre Hill with plans to expand the current inferred resource.