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Barkly Rare Earths Limited (ASX:BAK)

ALERT: Price-sensitive ASX Announcement for BAK
Current share price for BAK : $0.200 -0.01 (-4.76%)+
Announcement
Release
30 Apr 2026 8:01AM
Price at Release
$0.210
Full Release
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Summary
Barkly Rare Earths Limited reported its quarterly activities ending March 2026, highlighting the completion of an A$8 million IPO and subsequent listing on the ASX. The company focuses on its flagship Barkly Project in the Northern Territory, with a significant drilling program set to expand its rare earth mineral resource of 40 million tonnes at 2,100 ppm TREO. Key corporate developments include the appointment of metallurgist Gavin Beer to the Board and the initiation of a new Investor Hub. Financially, the company reported cash reserves of A$6.605 million as they prepare to commence major drilling activities.
Key Points
  • Barkly Rare Earths Limited completed an A$8 million IPO and is now listed on the ASX.
  • The company has appointed Gavin Beer, a specialist in rare earth metallurgy, to the Board.
  • A Phase 1 drilling program is planned for over 10,000 meters at the Barkly Project to expand the existing mineral resource.
  • The Barkly Project has an initial Inferred Mineral Resource of 40 Mt @ 2,100 ppm TREO.
  • At the end of March 2026, the company held cash reserves of A$6.605 million.
  • RSC was appointed as the resource program manager to oversee quality assurance during the drilling program.
  • Barkly Rare Earths launched a new Investor Hub website.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.