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Basin Energy Limited ( (AU:BSN) ) has provided an announcement.
Basin Energy reported a highly active December quarter marked by the completion of its acquisition of NeoDys Ltd, securing the Sybella-Barkly project in Queensland, described as the largest prospective uranium and rare earths tenement package in the state. The company completed 2,736 metres of maiden aircore drilling across 63 holes at Sybella-Barkly, is planning a second-phase granite-hosted rare earth drilling program for the June quarter of 2026, and expanded the project area through additional tenure applications near Mount Isa. In northern Sweden, assaying of historical core confirmed significant shallow uranium mineralisation across the Bjorkberget, Ravaberget and Virka projects, with mineralised zones remaining open at depth and along strike and underpinned by a roughly 20-kilometre prospective corridor, strengthening Basin’s position as Sweden lifts its uranium mining ban. In Canada, Basin entered a binding agreement to sell its non-core Marshall uranium project to Green Canada Corporation, a move intended to crystallise value from deeper unconformity targets, free up capital and retain upside through equity and buyback rights, allowing the company to concentrate resources on its highest-conviction exploration assets as uranium prices and demand for secure rare earth supply continue to rise.
The most recent analyst rating on (AU:BSN) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on Basin Energy Limited stock, see the AU:BSN Stock Forecast page.
More about Basin Energy Limited
Basin Energy Limited (ASX: BSN) is a uranium and rare earth elements exploration company with a portfolio of projects in Queensland, Australia, northern Sweden and Canada, targeting shallow, low-cost exploration opportunities in stable, well-regulated jurisdictions and focusing on both sediment-hosted and hard-rock mineralisation.
Average Trading Volume: 239,994
Technical Sentiment Signal: Buy
For a thorough assessment of BSN stock, go to TipRanks’ Stock Analysis page.