Newmans has doubled its footprint, and the rare earth story is getting heavier.
Basin Energy (ASX:BSN) Managing Director Pete Moorhouse joins us to unpack the latest drilling at Newmans, part of the Sybella-Barkly Project near Mount Isa, Queensland.
Key topics discussed:
- Drilling: 13 of 18 holes return more than 1,000 parts per million total rare earth oxides
- Scale: Mineralised trend extends to approximately 6.7km
- Magnet rare earths: Neodymium and praseodymium remain central to the results
- Heavy rare earths: Results across 4.5km of the broader Newmans system, including dysprosium, terbium and yttrium
- Next steps: Initial leach testing and government-supported drilling targeting a different heavy rare earth model
ANSTO and Brisbane Met Labs are assessing how readily different mineralised zones can be leached, while further drilling is planned to test a phosphate-associated target southwest of Newmans.
More ground. More rare earths. Now to see what the metallurgy delivers.
About the guest and company
Pete Moorhouse is Managing Director of Basin Energy, an Australian explorer with rare earth and uranium projects across Australia, Canada, and northern Europe. Its Newmans discovery sits within the Sybella-Barkly Project, west of Mount Isa.
🎥 Watch the full conversation for the latest assays, emerging heavy rare earth targets, and what comes next.
