Basin Energy’s (ASX:BSN) latest exploration update reveals new discoveries in Northern Sweden.
Managing Director Pete Moorhouse shares that recent rock chip samples showed nearly 3% uranium oxide, along with significant rare earth element concentrations. These findings come from a 15km trend along a major fault structure, highlighting the region’s substantial untapped potential.
In addition to historic core relogging, Moorhouse discusses ongoing fieldwork and upcoming geochemistry results. With promising data from early programs, Basin Energy is positioned for a surge of new opportunities. The next phase of exploration will unlock more insights into this unexplored region.
Key Highlights:
- 3% uranium oxide discovered: High-grade rock chip samples found.
- Rare earth elements detected: Heavy element concentrations add further value.
- 15km trend: A newly identified mineralised structure ripe for exploration.
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