Basin’s new landholding hosts extensions to Geikie uranium targets

Basin has picked up more ground at the Geikie project. Pic via Getty Images share

With uranium sentiment continuing to improve – as highlighted by spot prices hovering in the US$56 per pound range – Basin’s move to acquire additional ground at its Geikie project seems well timed.

The addition of the two claims totalling 11.87km 2 takes the total area covered by Geikie project up to 350.87km 2 .

Importantly for Basin Energy (ASX:BSN) , the new claims are adjacent to its current maiden exploration drilling program of eight holes totalling 2,000m and contain continuations of the current drill targets.“With maiden drilling currently underway at Geikie, it is commendable work by our joint venture partner CanAlaska to secure the interpreted extensions to the current drill targets via the staking of these additional claims,” Managing Director Pete Moorhouse said.“We eagerly await the additional VTEM data, the results of which will […]

About the author: StockMan
Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.
Posting Guidelines
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!


No comments yet