Basin Energy Identifies Structures Associated with Mineralisation at North Sweden Projects

Basin Energy

Basin Energy Identifies Structures Associated with Mineralisation at North Sweden Projects
15 April 2025

Basin Energy Limited (ASX:BSN) ("Basin" or "the Company") is pleased to announce the identification of significant mineralisation structures at its North Sweden Projects, including the Björkberget ("Bjork"), Rävaberget ("Rava") and Virka projects. Structural relogging and geological assessments of 48 historical drill holes have been completed, and detailed structural records are now available for 28 priority historical drillholes from Björkberget. These findings are complemented by multielement analysis, with 137 samples currently at the laboratory for evaluation.

Key Highlights:

• Structural relogging of 48 historical drillholes across the Virka and Björkberget projects completed.
  
  

• Mineralising structure trends clearly identified in the core, with associated alteration and mineral assemblages.
  
  

• Multielement analysis of 137 samples underway to evaluate green energy metals potential.
  
  

• Positive results from pulp re-analysis of two high-grade uranium samples from Björkberget, returning over 5.9% U3O8.
  
  

• Structural interpretation is guiding future drillhole targeting to unlock additional mineralisation potential.
  
  

Basin's Managing Director, Pete Moorhouse, commented:
"The structural relogging and multielement analysis results are adding a crucial modern interpretation of the variety of mineral systems at play in our North Sweden Projects portfolio. Most of the historical drillholes were shallow, and the mineralisation observed in drill core appears to not have been closed off at depth and along strike, where the potential continuations are masked by a thin veneer of glacial cover. Moreover, the final rock chip results add confirmation that an exciting mineral assemblage exists in our project area that is still largely underexplored. Generating good quality data through the relogging and sampling of the available historical core is a cost-effective approach to unlock the full potential of the North Sweden Project portfolio."

The re-analysis of two Björk samples (BJK004 and BJK008), which initially returned uranium levels above detection limits, has confirmed high-grade uranium mineralisation of over 5.9% U3O8. These results further affirm the significant potential of the North Sweden Projects for green energy metals, with ongoing multielement analysis to continue unlocking the area's value.

About Basin Energy
Basin Energy (ASX:BSN) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada. The Company has also entered into an agreement to acquire a significant portfolio of Green Energy Metals exploration assets located in Scandinavia. Basin is committed to advancing exploration efforts and identifying critical energy metals to support the green transition.

For more information, please contact:
Pete Moorhouse, Managing Director
Email: [email protected]
Phone: +61 7 3667 7449

Chloe Hayes, Investor & Media Relations
Email: [email protected]
Phone: +61 458 619 317