Basin Energy


Primary ticker: ASX:BSN
Stage of development: Exploration
Primary minerals: Uranium
Project to promote: Geikie
Project location: Canada

Basin Energy has the exclusive right to earn controlling interests in three highly prospective uranium exploration projects strategically located in near proximity to pre-eminent high grade operating mines, significant discoveries and milling operations within the world class Athabasca basin. Situated in Saskatchewan, Canada, a globally attractive and proven mining jurisdiction, the Athabasca basin is renowned for unconformity-type uranium deposits, the largest and highest-grade uranium deposits found globally.

Cash: AUD$7.6M
Debt: NIL

Major shareholders:
CanAlaska (TSXV-CVV) – 19.9%
Tri-Star E&P – 3.5%
Sachem Cove – 2.5%
Bond Street Custodians – 2.5%
Sapphire Global Energy Fund – 2.3%
Management Ownership – 8%

Management Profile

Pete Moorhouse – Managing Director
Mr Moorhouse is an exploration geologist with 17 years’ experience of mineral exploration in Australia, Southern Africa and Europe. He possesses extensive experience within the junior uranium sector, having worked on multiple uranium projects globally including leading exploration for ASX listed uranium explorer and developer Alligator Energy (ASX:AGE) from IPO for 10 years.

Mr Moorhouse gained significant uranium exploration experience through his time at Alligator Energy in the role of Exploration Manager where he assisted in advancing their flagship Alligator Rivers Uranium Project in Northern Territory and secondary uranium assets in South Australia.

Mr Moorhouse has significant competencies in both the evaluation and execution of exploration, resource drilling programs, feasibility studies, and engagement with traditional owners. Mr Moorhouse has evaluated a large number of global uranium projects.

Mr Moorhouse has worked in geology for a number of resource focussed companies including BMEx Ltd, Impact Minerals (ASX: IPT), Mega Uranium (TSX:MGA) and Laramide Resources (ASX:LAM).

What is your rationale for taking part in 121 Mining Investment?

Recent IPO. The intent is to provide eyes on the stock and generate market support, considering the company is fully funded for the years exploration program

What recent news would you like to highlight to investors attending?

Fully funded, shortly commencing maiden maiden drilling on Athabasca uranium targets

What are your key goals in 3 months, 6 months, 12 months?

3 Months:
Commence drill testing of existing targets at the Geikie uranium project

6 Months:
Receive drill results from Geikie, and have advanced work on the North Millennium and Marshall uranium projects.

12 Months:
Added to the portfolio of high quality credible uranium assets through partnerships or acquisition.

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Usual risks associated with exploration, being managed by having the premier team and partners with a track record for credible, cost effective and technically solid exploration of world class uranium deposits.

What do you think makes your company such a compelling investment?

Low cost entry
Proven successful team and consultants
Credible targets ready for drilling

What are the top 3 key investor takeaways?

-Low cost entry
-Proven successful team and consultants
-Credible targets ready for drilling