Resource Base announces quarterly activities and financial update

Resource Base (ASX:RBX) has released its quarterly activities and cash flow report for the period ending September 30, 2024. The company reported progress in its exploration activities, particularly at the James Bay Lithium Projects, identifying lithium and gold anomalies. Resource Base also raised $975,000 post-quarter, strengthening its financial position from $351,000 as of September 30.

Overview of recent activities and future prospects

Resource Base Limited's recent quarterly activities report highlights progress in their James Bay Lithium Projects, with significant lithium and gold anomalies found at the Wali Project. The company's financial position has improved with the successful raising of $975,000, reflecting its commitment to growth and exploration. The exploration at the Wali Project, situated in a geologically significant area, revealed promising lithium and gold values. The Ernst Lake Project also presents potential along the lithium-rich Trieste formation. Additionally, the Mitre Hill REE Project in the Murray Basin shows potential for rare earth elements. As Resource Base Limited reviews additional project opportunities, it aims to strengthen its resource base and enhance shareholder value, maintaining a proactive exploration and financial strategy.

Executive insights on exploration progress

The identification of multiple lithium and gold anomalies at the Wali Project is a promising development, reinforcing the potential of the James Bay Lithium Projects. Our financial position has been bolstered by a successful capital raising, enabling us to further pursue growth opportunities.