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Basin Energy Limited ( (AU:BSN) ) has issued an announcement.
Basin Energy Limited has commenced a significant drilling program at its Sybella-Barkly project, targeting uranium and rare earth elements. The project involves approximately 3,000 meters of drilling over 80 holes, with initial efforts focusing on sediment-hosted ionic clay rare earth potential. Supported by Queensland Government funding, the drilling aims to explore district-scale concepts and is expected to conclude within a month, with results anticipated in Q1 2026. This initiative marks a major step forward for Basin Energy in advancing its exploration efforts in a world-class jurisdiction, potentially enhancing its market position and stakeholder value.
More about Basin Energy Limited
Basin Energy Limited operates in the mining industry, focusing on the exploration and development of uranium and rare earth elements. The company is actively engaged in projects within the Mount Isa province in Queensland, which is known for its rich mineral deposits.
Average Trading Volume: 973,659
Technical Sentiment Signal: Buy
Learn more about BSN stock on TipRanks’ Stock Analysis page.