Basin Energy Limited · ASX:BSN
Basin Energy — Global Uranium Conference 2023
25 slides from Basin Energy's conference presentation, Nov 21, 2023
Slide 1: Global Uranium Conference, Adelaide
For personal use only Global Uranium Conference Adelaide High-Grade Uranium Target Generation within the Overlooked Margins of the Athabasca Basin November 2023 ASX : BSN
Slide 2: Disclaimer & Competent Persons Statement
Disclaimer & Competent Persons Statement Disclaimer This presentation has been prepared by Basin Energy Limited (“Basin Energy” or the “Company”) to assist in informing interested parties about the Company and its progress. It should not be For personal use only considered as an offer or invitation
Slide 3: Athabasca Basin, why is it unique on Earth?
For personal use only Athabasca Basin, why is it unique on Earth? 3
Slide 4: Athabasca Basin – discovery successes
Athabasca Basin – discovery successes • Rabbit Lake deposit For personal use only discovered in 1968. • Majority are unconformity-related deposits. • Basement-hosted deposits such as: • Eagle Point • Millenium 49.7 1.80 • Arrow • Gryphon • Most recent discovery: GMZ/ACKIO mineralised zone (92 Energy
Slide 5: Athabasca Basin – discovery successes
Athabasca Basin – discovery successes For personal use only Additional recent exploration success includes • 92 Energy’s Gemini discovery¹43m @ Depth (m) 0.6% U3O8 (incl. 6m @ 2.2% U308) • Baselode’s ACKIO discovery² 31.0m @ 49.7 0.9% U3O8 • CanAlaska/Cameco McArthur West Discovery³ 9m @ 2.6% U3O8 T
Slide 6: High-Grade Uranium Mineralisation
High-Grade Uranium Basement-hosted HG Uranium Mineralisation Unconformity style HG Uranium Mineralisation Left: Arrow deposit (disc. in 2014 by NexGen) 306.1 Mlb U3O8 at 4.62% Hurricane Deposit (disc. in 2018 by IsoEnergy) Right: Gryphon deposit (disc. in 2014 by Denison) For personal use only 48.6
Slide 7: Revisiting Exploration Models to Find Deposits of the Future
For personal use only Revisiting Exploration Models to Find Deposits of the Future 7
Slide 8: Classic Athabasca Exploration Model
Classic Athabasca Exploration Model • Targeting basement conductor within preferred geological and structural settings vectored through data layering including geophysical parameters. For personal use only • Drill testing to evaluate the potential for “egress” or “ingress” style mineralisation McArt
Slide 9: Athabasca Deposits Footprints
Athabasca Deposits Footprints McArthur River Arrow Arrow (306.1 Mlb U3O8 at 4.62%)* McArthur River * Including 209.6 Mlb Measured Mineral Resources at 4.35% U3O8 (675 Mlb U3O8 at 17%)* For personal use only * 446.2 Mlb past production, 228.7 Mlb Proven and Probable Mineral resources are estimated us
Slide 10: Basement Deposits Footprints
Basement Deposits Footprints Triple R Gryphon Gryphon (49.7 Mlb U3O8 at 1.8%)* For personal use only * Probable Reserve Triple R (135.1 Mlb U3O8 at 1.8%)* *Including 93.7 Mlb U3O8 at 1.41% Probable Reserve Strike length: 610 m Low Grade Domains cut-off 0.05% U3O8, minimum thickness of 1m. ~ 800 m ~
Slide 11: Lesson learned from discovery of Triple R and Arrow
Lesson learned from discovery of Triple R and Arrow • Basement-hosted high-grade mineralisation hosted in orthogneisses For personal use only of the Taltson Domain • Different geology setting than Wollaston-Mudjatik metasediments hosting most of the Athabasca deposits • Mineralisation is controlled
Slide 12: Exploration on the margin of the Athabasca Basin
Exploration on the margin of the Athabasca Basin • Overlooked tenures while the focus was on unconformity-style deposit exploration. For personal use only • Historical base metal exploration common with transferrable geophysical datasets to U exploration. • Erosion has reduced size and thickness of
Slide 13: ACKIO-GMZ: It's all about structures!
ACKIO-GMZ It’s all about structures! (Baselode Interpretation) Source: McKay C., 2022, For personal use only Observations from the ACKIO uranium discovery (Saskatchewan Geological Open House Conference) Source: NexGen Presentation, Browne A., 2015, The Arrow Uranium deposit (AusIMM Uranium Conferenc
Slide 14: Integrated Systematic Exploration Approach
Integrated Systematic Exploration Approach Appropriate Exploration methods For personal use only Key Exploration Vectors for Basement Hosted Deposits • Diligent regional historical assessment data compilation. • Complex structural • Regional Geophysics – defining large-scale structures: systems • Ai
Slide 15: Geikie Project
For personal use only 15 Geikie Project
Slide 16: Geikie Project Overview
Geikie Project Overview Shallow exploration strategically located in proximity to recent high-grade, shallow uranium discoveries For personal use only Tenure • 339km2 landholding located 7km southeast of the present edge of the Athabasca Basin and 10km west of highway 905 • Adjacent to 92 Energy’s G
Slide 17: Integrated Systematic Exploration Approach
Integrated Systematic Exploration Approach High resolution Airborne Magnetics and Radiometrics • Identification of new major north-south trending structural corridors For personal use only interpreted to be part of the Tabbernor Fault System. • Four additional high priority targets identified, displ
Slide 18: Integrated Systematic Exploration Approach
Integrated Systematic Exploration Approach High resolution Airborne Magnetics and Radiometrics • Identification of new major north-south trending structural corridors For personal use only interpreted to be part of the Tabbernor Fault System. • Four additional high priority targets identified, displ
Slide 19: Integrated Systematic Exploration Approach
Integrated Systematic Exploration Approach High resolution Airborne Magnetics and Radiometrics • Identification of new major north-south trending structural corridors For personal use only interpreted to be part of the Tabbernor Fault System. • Four additional high priority targets identified, displ
Slide 20: Integrated Systematic Exploration Approach
Integrated Systematic Exploration Approach High resolution Airborne Magnetics and Radiometrics • Identification of new major north-south trending structural corridors For personal use only interpreted to be part of the Tabbernor Fault System. • Four additional high priority targets identified, displ
Slide 21: First pass drilling at Geikie
First pass drilling at Geikie • Anomalous uranium was intersected in 4 of the 8 holes drilled o Highest grade was 0.27% U3O8 over 0.5 metres at Aero For personal use only Lake o 263 ppm over 9 metres at Preston Creek • Pathfinder elements for uranium mineralisation, specifically lead isotope anomali
Slide 22: Airborne Gravity Survey
Airborne Gravity Survey • Drilling identified significant alteration associated with structures at the For personal use only Preston Creek and Aero Lake Prospects. • Large gravity low anomalies identified coincident with key regional structures. • Series of gravity anomalies identified, coincident w
Slide 23: Airborne Gravity Survey
Airborne Gravity Survey For personal use only • Preliminary ranking of gravity anomalies: o Gravity low on key magnetic structures o Gravity low on key magnetic structures adjacent to EM conductor o Isolated gravity low anomaly o Low priority anomaly (require further investigation) • Priority rankin
Slide 24: Geikie Project: High Quality Data Layering for Efficient Target Definition
Geikie Project High Quality Data Layering for Efficient Target Definition For personal use only Target: structural disruptions across EM conductors and/or gravity low anomalies • Diligent Historical Assessment Reports Review • Airborne Magnetics • Airborne Radiometrics • Ground Prospecting • Airborn
Slide 25: For personal use only
For personal use only Pete Moorhouse Odile Maufrais Chloe Hayes M: +61 (0) 7 3667 7449 M: +61 (0) 4 3465 9080 M: +61 (0) 4 5861 9317 E: pete.m@basinenergy.com.au E: odile.m@basinenergy.com.au E: chloe@janemorganmanagement.com.au This presentation has been authorised for release by the Basin Energy B