Results of Meeting

Results of Meeting

Basin Energy (BSN:AU) has announced Results of Meeting

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Developing High-Grade Uranium Projects in the Athabasca Basin

Basin Energy Ltd  Quarterly Activities Report

Basin Energy Ltd Quarterly Activities Report

Perth, Australia (ABN Newswire) - Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is pleased to provide an overview of activities for the period ending 30 June 2025 ('Quarter', or the 'Reporting Period') and an accompanying Appendix 5B.

Key Highlights

- Identified and characterised key structures within historical drill core from North Sweden that appear to be associated with mineralisation seen in surface rock chips:

o Highlights of this mineralisation include rock chip samples over 5.9% uranium oxide, up to 9.8% zinc and greater than 0.3% total rare earth oxides

- 441 drill core samples from 36 historical holes across Basin's North Sweden projects are currently at lab for multi-element assays to support next-stage target definition.

- Key mineralised structures identified through structural relogging across Basin's Scandinavian projects.

- Initiated potential partner discussions with multiple parties to release shareholder value for non-core deeper unconformity uranium targets

- Remain committed to exploring high-conviction shallow uranium and green energy metal projects

Basin's Managing Director, Pete Moorhouse, commented:

"Over the past quarter, our team has been diligently progressing critical groundwork across our North Sweden projects. Structural relogging of historical drill core has now been completed across Virka, Bjorkberget and Ravaberget - with multiple key structures now clearly associated with known mineralised trends. These insights form the backbone of our next stage of exploration targeting.

The confirmation of a polymetallic system that includes uranium grades exceeding 5.9% U3O8 in North Sweden leaves a tantalising opportunity for modern exploration in a re-emerging district.

With Q1's 249D review firmly behind us, we're focused squarely on converting our high-conviction targets into tangible results that create shareholder value, whilst pursuing opportunities to release shareholder value for our non-core deeper targets. As global uranium demand accelerates and Europe prioritises secure, local supply chains, Basin's shallow, low-cost targets in Sweden are emerging as a strategically vital opportunity in a reawakening uranium district."

*To view the full Quarterly Report, please visit:
https://abnnewswire.net/lnk/18IBH39M



About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) 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 and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.



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Basin Energy Ltd

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