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Basin Energy Limited ( (AU:BSN) ) has provided an announcement.
Basin Energy Limited has announced the commencement of its maiden drilling program at the Sybella-Barkly project, targeting uranium and rare earth elements. The project involves approximately 3,000 meters of drilling over 80 drill holes, with initial efforts focusing on sediment-hosted ionic clay rare earth potential. Supported by Queensland Government funding, the program aims to explore both shallow clay and sediment-hosted rare earth elements and paleochannel roll front uranium systems. The company has secured land access agreements and is preparing for drilling to commence imminently, marking a significant step in its exploration efforts.
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 engaged in projects that target district-scale opportunities, particularly in regions with significant potential for these resources.
Average Trading Volume: 989,509
Technical Sentiment Signal: Buy
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