On 16 February 2021, Resource Base and Navarre Minerals Limited executed a binding term sheet pursuant to which the Company has agreed to acquire a 100% interest in Navarre’s Black Range Project (comprising Exploration Licence 4590) located in the well-known and highly prospective Stavely corridor in north-west Victoria.
Black Range Project:
- Located in the well-known and highly prospective Stavely corridor in north-west Victoria.
- Tenements are surrounded by excellent infrastructure.
- Captures three fault-bound segments of the Stavely Arc volcanics.
- Eclipse prospect – where a supergene blanket of enriched copper (chalcocite) mineralisation is developed above widespread copper, gold and zinc mineralisation
In conjunction with the Company’s exploration programs, Resource Base will be actively pursuing acquisition opportunities to further enhance shareholder value.
Resource Base hosts a team of directors and executives with extensive experience in tenement acquisition, exploration management, feasibility studies, approvals, plant construction/commissioning, mining and processing operations management.