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Barkly Rare Earths Limited (ASX:BAK)

ALERT: Price-sensitive ASX Announcement for BAK
Current share price for BAK : $0.220 0.02 (10%)+
Announcement
Release
6 Jul 2026 9:28AM
Price at Release
$0.200
Full Release
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Summary
Barkly Rare Earths Limited has commenced site preparations for a significant 10,000-meter drilling program aimed at expanding its existing rare earth mineral resource at the Barkly Project in Australia. This initiative is designed to enhance the current 40 million tonne inferred resource, which contains a high-grade rare earth oxide composition. The company is using rapid screening technology to optimize drilling, which includes approximately 400 shallow holes. This campaign is part of Barkly's strategic efforts to grow its mineral resources and support future development. The company's drilling program is part of a broader exploration strategy spanning its Barkly and Buntine projects, with ongoing tests and analyses planned to evaluate the resource potential.
Key Points
  • Commencement of 10,000-meter drilling program at Barkly Project
  • Target to expand existing 40 Mt inferred rare earth resource
  • Use of portable X-ray fluorescence instruments for rapid data
  • Resource expansion and mineralisation testing across zones
  • Ongoing testing and analysis for future resource development
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.