Basin Energy (ASX:BSN) has re-assayed historical drill core which shows the presence of an active mineralising system over three project areas in Sweden, ahead of the nation removing the existing ban on uranium exploration in 2026.
The company interpreted these results to support the potential for further mineralisation within the existing prospect areas, and broader region, specifically under shallow cover through the Trollberget Project.
At the Bjorkberget Project, results include 12m @ 0.12% triuranium octoxide from 42.5m, including 4m @ 0.23% triuranium octoxide from 46m. Mineralisation appears open at depth and along strike.
The company identified thickness of mineralisation at the Ravaberget Project, with results returning 14.4m @ 0.15% triuranium octoxide from 16.1m.
Meanwhile at the Virka Project, further sampling supported previous results while also returning up to 0.66% triuranium octoxide.
Managing Director Pete Moorhouse says the work completed between 1970-80s was of good calibre, however it focused on limited areas of outcrop.
“The two best intervals occur at Rava and Bjork, with Basin staking the entire 20km of prospective ground between these two prospects, which has never seen a drillhole,” Moorhouse says.
“With the upcoming policy change in Sweden paving the way to the next phase of uranium opportunity, Basin will use this data along with its in-house uranium exploration expertise to explore along strike, to realise the scale of potential for the district.
“Basin Energy’s early-mover advantage, positions the company to be at the forefront of a revitalised European uranium and critical minerals sector, supporting the continent’s shift toward secure, low-carbon energy supply chains.”
A total of 59 drillholes were reviewed across the projects. Logging included detailed geological and structural observations, radiometric measurements and photographic documentation.
Basin says its 2025 re-logging and re-assay program establishes a robust technical foundation for future drill targeting aimed at defining the scale and grade of the mineralising systems at play within the North Sweden projects.
The North Sweden project package is strategically positioned in a prospective metallogenic belt within the Fennoscandian Shield, hosting a diverse range of mineral deposits.
Write to Aaliyah Rogan at Mining.com.au
Images: Basin Energy
