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• A New Precambrian basement has been identified in Asa region, southern Tibet. • The emplacement age of gabbro intrusions in this basement is ca. 875 Ma. • These gabbro intrusions were formed in an intercontinental rift environment. • The North Lhasa terrane may originate from Australia. Due to the less exposure of Precambrian basement, the origin of ancient continental blocks in the Tibetan plateau and their paleogeographic locations in the Rodinia supercontinent remain enigmatic. Here we first report the newly identified Precambrian basement from the Asa region of the North Lhasa terrane (NL), southern Tibet. The zircon U–Pb age and whole-rock geochemical data on gabbro intrusions (known as Tugu gabbros) in this basement reveal an important tectonic evolution process of continental-oceanic transition experienced by the North Lhasa terrane in the early Neoproterozoic (ca. 900–875 Ma), which may be the prelude to the disintegration of Rodinia in China. Tugu gabbros (ca. 876–874 Ma) belong to the series of sub-alkaline tholeiitic basalt and have N-MORB geochemical affinities. In combination, the high (87Sr/86Sr) i ratios (0.709–0.711), positive ε Nd (t) values (2.8–3.9) and the relatively young Nd isotopic pattern age (t DM C = 1.2–1.3 Ga) indicate that it came from a depleted mantle source and were formed in an intercontinental rift environment on the northern margin of Rodinia. According to previous studies and data provided herein, the era and nature of Precambrian magmatic-metamorphic records in North and South Lhasa terranes cannot be compared, suggesting these may have been two separate terranes in the Precambrian. We propose that the South Lhasa terrane (SL) originated from India, while the North Lhasa terrane may originate from Australia. After splitting from Australia at ca. 930–875 Ma, the North Lhasa terrane continued to drift westward owing to the break-up of Rodinia. During the process of drifting, the North Lhasa terrane received sedimentary input from India and developed Andean-type arc magmatism with the influence of oceanic subduction on the northwest margin of supercontinent. [ABSTRACT FROM AUTHOR]