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Basin Energy Secures Queensland Uranium and Rare Earths with Drill-Ready Targets
8:26am on Friday 24th of October, 2025 AEDT
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Mining
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Basin Energy Secures Queensland Uranium and Rare Earths with Drill-Ready Targets
8:26am on Friday 24th of October, 2025 AEDT
Key Points
Acquisition of NeoDys Limited finalised, securing 5,958 km² in Mount Isa region
Three drill-ready targets – sediment-hosted ionic clay REE, paleochannel uranium, granite-hosted REE
Queensland Government funding of $150,000 secured to accelerate drilling
$1.25 million raised via share placement to fully fund initial drill programs
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