Rubix Resources (ASX: $RB6) Quarterly Activities Report Highlights

Rubix Resources Limited (ASX: $RB6) has released its Quarterly Activities Report for the period ending 31 March 2024. The report highlights completion of a gravity survey at the Paperbark Project, with plans to commence a complementary Induced Polarisation (IP) survey in the current quarter. Additionally, assay results from 122 samples at the Ceiling Lithium Project, James Bay, were announced, pointing to a potential area for follow-up sampling in the west of the project. Furthermore, a cultural heritage survey was completed at Lake Johnston Project, with up to 30 drillholes approved by traditional owners.

Executive Commentary on Quarterly Activities

The Company is keen to return to the Paperbark Project following the wet season to complete a planned IP survey. The completed gravity survey shows correlations between high-gravity responses and high-resistivity responses in historic IP surveys, and a possible chargeability response associated with the JB Zone. Rubix is keen to examine the results of the IP survey together with MVI modelling and investigate further the source of subdued magnetic responses at Grunter North and Stonemouse. The planned survey will significantly expand on earlier data sets and investigate anomalism detected on the western edge of the RMG grid, which may be sourced from a mineralised horizon at the JB Zone.

Summary of Quarterly Activities and Outlook

Rubix Resources (ASX: $RB6) has made significant progress in its Quarterly Activities Report, with plans to conduct an IP survey at the Paperbark Project and commence drilling at Lake Johnston Project. The Company aims to expand on earlier data sets and investigate anomalism detected on the western edge of the RMG grid. Additionally, the results from the Ceiling Lithium Project indicate a potentially prospective area in the west of the project. With a current cash balance of $2.562M as of 31 March 2024, Rubix Resources remains focused on its diversified base metal and gold asset portfolio, providing opportunities for new discoveries in proven districts.