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Barkly Rare Earths Limited (ASX:BAK)

ALERT: Price-sensitive ASX Announcement for BAK
Current share price for BAK : $0.185 -0.045 (-19.57%)+
Announcement
Release
27 Jul 2026 9:24AM
Price at Release
$0.230
Full Release
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Summary
Barkly Rare Earths Limited announced the submission of the first sample batch from its 10,000-meter Phase 1 resource drilling program at the Barkly Project to ALS Geochemistry in Brisbane. The program aims to test shallow mineralisation around an existing 40 Mt Inferred Mineral Resource. The company's technical team focuses on optimizing drilling procedures and sample quality as part of efforts to support a future resource update. The samples will undergo rigorous analysis to expand the existing mineral resource, adhering to the JORC Code standards.
Key Points
  • Barkly Rare Earths Limited has submitted the first sample batch for assay from its 10,000 m drill program.
  • The drill program is targeting shallow mineralisation around the existing 40 Mt @ 2,100 ppm TREO Inferred Mineral Resource.
  • First samples were delivered to ALS Geochemistry in Brisbane for analysis.
  • The drilling program aims to expand the current mineral resource and is reported according to the JORC Code (2012).
  • The company's strategy includes establishing sample quality and optimizing drilling efficiency.
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.