Maiden Geophysical Survey Defines Multiple Priority Targets At Geikie

• Four additional high priority targets identified, displaying significant geophysical anomalies at structural and lithological settings conducive for uranium mineralisation
  • Mud Lake target expanded that historically recorded rock chips with grades of up to 0.225% U₃O₈ and 0.18% U₃O₈¹
    
• New structural corridors identified at Geikie based on high resolution airborne radiometric and magnetic data, expanding regional potential
• Ground follow up reconnaissance mapping and sampling has been initiated to confirm interpretations
• Contractor secured to complete fast tracked follow up VTEM airborne electromagnetic survey, scheduled to commence in November 2022
• Aggressive exploration strategy planned for Q4 with maiden drilling planned to commence Q1 2023

Basin Energy’s Managing Director, Pete Moorhouse, commented:

“The survey Data received for the Geikie Project is of exceptional quality and has provided a solid exploration foundation for further exploration of uranium at Geikie. The new Data is a significant enhancement of the historical dataset and has not only refined the initial areas of interest but also identified several previously unrecognised prospective zones within the license area.

We have a clear exploration pathway ahead of us, with field exploration underway and further geophysics scheduled to commence next month, culminating in maiden drilling in Q1 2023.

Click here for a brief video of Managing Director, Pete Moorhouse explaining the results.

2022 Radiometric & Magnetic Data Results

High resolution radiometric and magnetic survey Data was acquired over the entire Geikie Project area. Survey lines were flown at 100 metres spaced, with 1,000 metre spaced tie lines. A total of 3,831-line kilometres of survey Data was collected, at a nominal flight height of 35 metres.

Click here for the full ASX Release

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