Virka Project, Sweden

Basin Energy Limited (ASX: BSN) has received high-grade rock chip assay results from reconnaissance sampling at the Prästrun and Håkantorp projects in Sweden, confirming significant niobium, uranium, tantalum, and REE mineralisation. At Prästrun, sampling returned up to 0.43% Nb (4,350 ppm) and 0.12% U₃O₈ (1,153 ppm), supporting its polymetallic potential. At Håkantorp, uranium-rich samples from historical tailings piles yielded up to 0.39% U₃O₈ and 0.33% TREO...

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Project Summary

The Virka project is strategically positioned in the heart of the Arjeplog-Arvidsjaur shear-hosted uranium district in Sweden, and approximately 37 km southeast of Boliden’s (STO:BOL) Laisvall Pb-Zn-Ag former mine.

Previous drilling activities conducted in the 1980’s across all licenses targeted uranium mineralisation, with diamond drillholes gamma probed and in rare occasions sampled for geochemical analysis. Additionally, historical regional geological mapping and boulder tracing records unveiled several surface anomalisms in lead, zinc, silver and gold associated with fault structures.