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Basin Energy Limited ( (AU:BSN) ) has provided an update.
Basin Energy Limited has completed Phase 1 drilling at its Sybella-Barkly rare earth and uranium project in Mount Isa, Queensland, concluding 63 drill holes across 2,735 meters and advancing towards Phase 2 drilling focusing on hard rock rare earth minerals. The company has also expanded its project footprint by securing 90 km² of additional tenure, reinforcing its position in strategically significant mineral corridors. This initiative enhances Basin’s exploration capabilities and positions the company for substantial impact on the rare earth and uranium market, with assay results anticipated in early 2026.
More about Basin Energy Limited
Basin Energy Limited is a resource exploration company with a focus on rare earth elements and uranium. Its operations are primarily in northwest Queensland, targeting district-scale projects for mineral exploration and development.
Average Trading Volume: 297,095
Technical Sentiment Signal: Buy
For detailed information about BSN stock, go to TipRanks’ Stock Analysis page.