Korab Resources (ASX:KOR) was granted exploration license EL34148 in the Northern Territory, covering over 237 square kilometers and forming part of the Rum Jungle project, as a replacement title for tenements EL29550 and EL31341, according to a Wednesday Australian bourse filing.
The license for EL34148 expires on July 23, 2027, and is eligible for renewals.
The project has exploration potential with significant nickel, tin, copper, gold, silver, lead, zinc, vanadium, scandium, wolfram, antimony, phosphate, lithium, and rare earths targets, per the firm.
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