Basin Energy (ASX:BSN) has doubled its uranium landholding in Sweden after the Swedish Government granted a licence application for the Trollberget Project.
The project adds 116km2 of exploration land, increasing the company’s landholding to 219km2 within the Arvidsjaur-Arjeplog uranium and green energy metals district.
Basin Energy says the project is deemed highly prospective for continuations of the structural controls uncovered at the historically explored adjacent Björkberget Green Energy Metals Project.
During the end of last year, the company conducted initial field assessment work at the Virka Project, as well as the adjacent Bjork and Rava projects. At these projects, limited historical exploration work was documented, however, anomalous base metals, gold, silver, and uranium were recorded.
The 2024 program comprised logistical access reviews, initial outcrop mapping and reconnaissance sampling. The results are expected this quarter.
Managing Director Pete Moorhouse says the field identification of structural controls at Björkberget provide a compelling narrative for the prospectivity of Trollberget.
“Historic exploration work was heavily restricted to outcrop and the potential for further hidden mineralisation beneath this thin cover is interpreted to be very high,” Moorhouse says.
Basin Energy is a green energy metals-focused explorer and developer with an interest in three projects in the southeast corner and margins of the Athabasca Basin in Canada. The company also has a portfolio of projects in Scandinavia.
Write to Aaliyah Rogan at Mining.com.au
Images: Basin Energy
