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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
20 Jul 2026 8:50AM
Price at Release
$0.200
Full Release
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Summary
Barkly Rare Earths Limited has commenced a 10,000m Phase 1 resource drilling program at its flagship Barkly Project in the Northern Territory, Australia. The program targets shallow mineralisation near an existing inferred mineral resource of 40 million tonnes at 2,100 ppm Total Rare Earth Oxide (TREO). Early drilling efforts focus on establishing sample quality and optimizing drilling efficiency, with laboratory assays expected soon. The company aims to expand its resource base and build a globally significant rare earths project. Drilling is conducted by Colling Exploration, with samples managed by RSC, and results will inform future exploration and development strategies.
Key Points
  • 10,000m Phase 1 resource drilling program underway
  • Targets shallow mineralisation near existing resource
  • Initial samples dispatched for laboratory assays
  • Program conducted by Colling Exploration and RSC
  • Aims to expand 40 Mt inferred mineral resource
  • Focus on establishing sample quality and drilling efficiency
  • Potential to build a globally significant rare earths project
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.