Basin Energy is a uranium exploration and development company with an interest in three highly prospective projects positioned in the Southwest corner and margins of the world-renowned Athabasca Basin in Canada.

  • North Millennium – The initial target is an interpreted extension of the Millennium Mother Fault intersecting a strong basement conductor. The project is located 7KM north of Cameco’s Millennium Deposit which contains 104.8Mlb U3O8 at 3.76%
  • Geikie – Located on the eastern fringe of the basin, adjacent to recent exploration success by 92Energy and Baselode Energy. Historically largely overlooked, the initial targets are from surface. Six initial targets have been prioritised using existing geophysical and geochemical data.
  • Marshall – Interpretation of historic geophysical data suggests a metasedimentary basin with a graphitic basal unit, cross cut by a magnetic and conductive NE/SW structure – indicative if a geological setting suitable for high-grade uranium mineralisation. The project is located 10KM west of the Millennium Deposit.

Basin Energy have formed an exemplary management team with direct experience in uranium exploration and development. Blake Steele, non-executive chairman, brings both corporate and management experience within the uranium sector, as the former President and CEO of recently acquired Azarga Uranium Corp, which he led for nearly a decade. Peter Moorhouse, managing director and geologist, brings 17 years of mining and exploration experience, predominantly within the uranium sector. Additional geology, corporate financing and investment banking experts create a well-rounded team ready to capitalise on the company’s projects

Basin Energy has a clear exploration strategy for each of its projects which will bring strong newsflow with the immediate commencement of field activity, geophysical data processing and target generation work across all three projects, with a maiden drilling campaign at Geikie targeted for Q1-CY2023. The company is highly leveraged to exploration success with a market capitalisation of A$16.2 million at the IPO issue price of A$0.20 per share and strong cash balance of A$9.6 million (enterprise valuation of A$6.6 million) upon listing. Substantial shareholders on listing include CanAlaska Uranium Ltd (TSX V:CVV) (19.9%), prominent North American and Asia Pacific resource funds (14.8%), and Board, Management & Founders (7.9%).

KEY PEOPLE

  • Basin Energy ASX BSN

    Blake Steele | Non-Executive Chairman

    Blake Steele is an experienced metals and mining industry executive and director with extensive knowledge across public companies and capital markets. He was formerly President and Chief Executive Officer of Azarga Uranium Corp (Azarga), a US-focused integrated uranium exploration and development company and led Azarga into an advanced stage multi- asset business, which was ultimately acquired by enCore Energy Corp (TSX.V:EU) for C$200M in February 2022.

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  • Basin Energy ASX BSN

    Pete Moorhouse | Managing Director

    Pete Moorhouse has 17 years of mining and exploration geology experience with extensive experience in the junior uranium sector, having spent over 10 years with ASX-listed uranium explorer and developer Alligator Energy (ASX:AGE). He holds significant competencies in the evaluation, exploration, resource drilling and feasibility studies across many global uranium and resource projects.

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  • Basin Energy ASX BSN

    Jeremy Clark | Non-Executive Director

    Jeremy Clark has over 18 years of mining and exploration geology experience, and previously held technical and management roles at the recognised consultancy firm RPM Global for over 13 years, gaining experience across a number of uranium, base metals, and precious metals deposits globally. Subsequent to RPM, he established his own boutique geological consultancy firm, Lily Valley, focused in regards to compliance related issues, IPOs and M&A.

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  • Basin Energy ASX BSN

    Cory Belyk | Non-Executive Director

    Cory Belyk holds 30 years’ experience in exploration and mining operations, project evaluation, business development and extensive global uranium experience most recently employed by Cameco in the Athabasca Basin. He was a member of the exploration management team that discovered Fox Lake & West McArthur uranium deposits. Currently CEO/VP of Canadian Athabasca uranium explorer & project generator, CanAlaska (TSX V:CVV).

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  • Basin Energy ASX BSN

    Peter Bird | Non-Executive Director

    Peter Bird is an investment banking professional with experience leading and managing a variety of global transactions including IPOs, Capital Raises and M&A Currently working with New York based investment fund, where he provides strategic funding solutions to a variety of international clients. He previously held the role of Associate Director at a Perth based boutique corporate advisory firm focused on natural resources.

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  • Basin Energy ASX BSN

    Ben Donovan - NED/Company Secretary

    Ben Donovan has over 21 years of experience in the provision of corporate advisory and company secretary services. He holds extensive experience in ASX listing rules compliance and corporate governance and has served as a Senior Adviser to the ASX for nearly 3 years Currently CoSec to several ASX listed resource companies including M3 Mining (ASX:M3M), Magnetic Resources (ASX:MAU) and Legacy Iron Ore (ASX:LCY).

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