Perth, Australia (ABN Newswire) – Basin Energy Limited (ASX:BSN) (OTCMKTS:BSNEF) announced the expansion of its district-scale Sybella-Barkly REE and uranium project (the ‘Project’), where the Company is currently drilling for district-scale rare earth elements (‘REE’) and uranium targets (refer to figure 2*).

Key Highlights

– 183km2 of new tenure secured, expanding Basin’s district-scale Sybella-Barkly REE-uranium footprint to 6,140km2.

– Additional landholding considered prospective for clay-hosted REE and paleochannel uranium, supported by historic AEM and geochemical anomalies.

– Conduct and compensation agreement now finalised for Ardmore Station, allowing exploration access for the next 12 months.

– Initial sediment-hosted REE drilling ongoing, with ~3,000m planned in Q4 2025.

– Multiple district-scale targets ready for systematic drilling.

The Company has successfully secured an application for Exploration Permit for Minerals (‘EPM’) 29333, which will add 183 km2 of highly prospective ground to the Project (refer to figure 1*). This increases the Sybella-Barkly landholding to 6,140 km2, strengthening Basin’s position over key sediment-hosted REE and uranium target corridors. The application is expected to take around months to progress to grant.

Basin has also finalised a conduct and compensation agreement covering work for the next 12 months at Ardmore Station, a critical milestone enabling the Company to continue with its exploration program.

Managing Director, Pete Moorhouse commented:

‘With drilling well underway at the first of our three district-scale targets for REE and uranium at this exceptionally prospective project, we are happy to expand our land position through the application of an additional exploration permit. Our Company’s drill program has been progressing well to date, and I have been on site for the last week, personally overseeing the progress. The team is doing a tremendous job and I am very excited for the results of the assays in the coming months.’

Sediment Hosted Potential

The additional application is deemed prospective for sediment-hosted targets for uranium and REE within the Barkly Tablelands. The Barkly Tablelands, refer to figure 4*, were surveyed with airborne electromagnetics (‘AEM’) by Summit Resources in February 2007 prior to its acquisition by Paladin Energy Limited (ASX:PDN). Whilst numerous targets were identified, no drilling was completed at the time. Current drainage patterns data indicate that the sediments forming the Barkly Tablelands are sourced from the Sybella Batholith. Basin is currently conducting the maiden drilling of this area to target uranium and REE potential, with approximately 3,000 metres expected to be drilled in Q4 2025.

Sediment and Ionic Clay Hosted REE Potential – District Scale Target

Results of surface geochemistry samples indicate significant mobilisation of rare earth elements into the Barkly Tablelands from the Sybella Batholith, which hosts Red Metal’s Sybella Discovery. Surface sediment samples form a regionally significant anomaly, refer to figure 4*. The highest of these values are within catchments draining from the Sybella discovery.

The Summit Resources AEM survey not only outlines an interpreted extensive paleochannel network but also highlights a conductive layer within the Barkly Tablelands sediment package directly beneath this geochemical anomaly, approximately 12 metres thick from 20 to 32 metres depth with a footprint of over 1,000 km2. This conductive layer could represent a clay unit, produced from the extensive weathering of the Sybella granites and is prospective for clay-hosted REE, refer to figure 5*.

Basin’s initial drilling is targeting this conductive horizon with aircore drilling. An average hole depth of approximately 35 metres is anticipated.

The Summit Resources’ AEM survey not only outlines an interpreted extensive paleochannel network but also highlights a conductive layer within the Barkly Tablelands sediment package directly beneath this geochemical anomaly, approximately 12 metres thick from 20 to 32 metres depth with a footprint of over 1,000 km2. This conductive layer could represent a clay unit, produced from the extensive weathering of the Sybella granites and is prospective for clay-hosted REE, refer to figure 4*.

Basin’s initial drilling will target this conductive horizon with aircore drilling. An average hole depth of approximately 35 metres is anticipated.

Paleochannel Roll Front Uranium Potential – District Scale Target

The Summit Resources’ AEM survey identified a stacked sequence of paleochannels within the Barkly Tablelands, fed from the Sybella Batholith, refer to figures 5 & 6*. This network is trending southerly, where no further AEM data exists.

Uranium content within the Sybella varies between the different phases of granites, as can be seen in the regional ternary radiometric image and supported by regional rock chip data, refer to figure 6*.

Academic research also indicates that these ‘hot’ granites are the source for the Valhalla uranium deposits.

Furthermore, historical drilling recorded redox fronts, sandstone channels and impermeable cap rocks, however no radiometric data was collected, and uranium was not assayed for.

Using the Sybella rocks that likely formed the source for the Valhalla deposits, Basin will target the potential for uranium to have also been mobilised from the Sybella granites, through the interpreted extensive paleochannel network, which appears to have suitable geological host characteristics.

Targeting work was completed by Summit Resources and Fugro to prioritise these interpreted channels.

Basin’s first pass aircore drilling program will look to confirm the characteristics of these interpreted channels. An initial 35 holes are proposed, with an average depth of 40 metres for a total of approximately 1,400 metres.

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/HA1CQR9E

About Basin Energy Ltd:

Basin Energy Ltd (ASX:BSN) (OTCMKTS:BSNEF) is a green energy metals exploration and development company with an interest in three highly prospective projects positioned in the southeast corner and margins of the world-renowned Athabasca Basin in Canada and has recently acquired a significant portfolio of Green Energy Metals exploration assets located in Scandinavia.

Source:
Basin Energy Ltd

Contact:
Pete Moorhouse
Managing Director
pete.m@basinenergy.com.au
+61 7 3667 7449

Chloe Hayes
Investor and Media Relations
chloe@janemorganmanagement.com.au
+61 458619317

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Perth, Australia (ABN Newswire) – Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) (OTCMKTS:ALTHF) advised that its newly constituted Board has commenced a comprehensive strategic reset to position the Company for successful commercialisation of its core battery technologies.

The refreshed Board comprises Mr Joe Graziano as Non-Executive Chair, Mr Daniel Raihani as Managing Director & Chief Executive Officer and Mr Hansjoerg Plaggemars as Non-Executive Director. Their immediate mandate is to redirect Altech’s efforts toward partnerships, capital mobilisation, and disciplined project execution across its two advanced technology platforms: CERENERGY(R) and Silumina Anodes(TM).

Background to Leadership Change

The change in management follows a determination by the Company’s largest shareholder that the previous strategy was unlikely to achieve commercial outcomes in an acceptable timeframe. Specifically, the Board identified insufficient progress in achieving project financing for the CERENERGY(R) Sodium Chloride Solid State (SCSS) Battery Project and the Silumina Anodes(TM) Battery Materials Project, despite advanced feasibility work and strong underlying technical validation as previously disclosed in the 2025 Annual Report.

The Board has also resolved to reassess the strategic rationale and economic merit of the Company’s distribution arrangement for AMPower sodium-nickel-chloride UPS batteries, including the level of capital and management attention required. While AMPower technology provides near-term revenue optionality, the Board considers a focused capital allocation model essential.

Daniel Raihani, CEO and Managing Director stated:

‘Altech possesses two genuinely world-class technologies in CERENERGY(R) and Silumina Anodes(TM), and it is imperative that we now take the actions required to ensure these assets reach their full commercial potential. The reality is that these projects demand disciplined execution, robust partnerships and a level of financial and technical resourcing that cannot be delivered through incremental steps or half-measures.

‘This strategic reset is necessary. It reflects an honest appraisal of where the Company stands today and what is required to move forward with credibility. We must focus our capital, sharpen our priorities, and align Altech with partners capable of advancing large-scale industrial technology.

‘I will have the Company focused to rapidly find partners to allow commercialisation of these technologies, as I believe both require larger partners to be successful. I will communicate directly and honestly the outcome of these efforts as soon as they become available.’

Refocused Strategic Priorities

The Board’s immediate focus is on accelerating commercialisation pathways, centred on: 1. Strategic Partnering for CERENERGY(R) and Silumina Anodes(TM)

Both projects are technically advanced, with:

– A completed DFS for the 120 MWh CERENERGY(R) plant in Saxony, Germany;

– Independent ‘Dark Green’ sustainability classification by S&P Global (significantly lower lifecycle emissions than lithium-ion);

– Strong safety validation including extreme-condition testing;

– A fully constructed Silumina Anodes(TM) pilot plant producing high-purity alumina-coated silicon anode material; and

– Demonstrated battery performance breakthroughs (e.g. 30-55% higher energy density compared to graphite-only anodes).

The Board considers these high-value assets well suited to collaborative development models involving established battery manufacturers, industrial technology groups, chemicals producers or governmentsupported programs. The top priority is to secure one or more qualified strategic partners who can contribute capital, technical resources and market access to advance both projects into commercial reality.

2. Progressing Access to EUR46.7 million STARK Grant Funding

The Company’s CERENERGY(R) project is identified as eligible for up to EUR46.7 million in grant support under the German STARK program. Accessing this funding requires confirmation of full project financing. The Board will prioritise the workstreams required to unlock this government support package.

3. Portfolio Rationalisation and Asset Monetisation

The new Board has initiated a strategic review of Altech’s non-core assets and business activities, including:

– The Meckering kaolin Resource;

– The Johor (Malaysia) industrial landholding; and

– All ancillary corporate structures and cost centres.

The objective is to streamline the corporate footprint, reduce expenditure and realise value from assets not essential to the commercialisation of CERENERGY(R) and Silumina Anodes(TM).

4. Cost Structure Review

A full cost review is underway to align the organisation with Altech’s revised strategic path, ensuring capital is deployed efficiently and operational overheads reflect the Company’s priorities.

Managing Director Employment Terms

Under his agreement, Mr Raihani will receive:

– A fixed fee of $134,000 per annum, based on two working days per week; and

– A rate of $2,000 per day for each additional day worked over and above the two days per week.

– These remuneration terms reflect the Company’s transitional phase and the immediate strategic priorities.

About Altech Batteries Ltd:

Altech Batteries Limited (ASX:ATC,OTC:ALTHF) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS (‘Fraunhofer’) to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech’s land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

Source:
Altech Batteries Ltd

Contact:
Daniel Raihani
Managing Director
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

Martin Stein
Chief Financial Officer
Altech Batteries Limited
Tel: +61-8-6168-1555
Email: info@altechgroup.com

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Perth, Australia (ABN Newswire) – Locksley Resources Ltd (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) announced that it has been progressing a sponsored Level 1 American Depositary Receipt (‘ADR’) program with The Bank of New York Mellon (‘BNY’), the global leader in depositary receipt services. The Company has been advised that the ADR program will be available on or after 3rd of December 2025 onwards. Each ADR will represent 20 ordinary shares.

Why ADRs benefit Locksley and the Market

The establishment of an ADR program represents a significant step forward in Locksley’s global capital markets positioning, moving beyond the perception of an ASX microcap and into a structure trusted by major global institutions.

An ADR is a U.S dollar-denominated trading instrument that allows U.S. investors to gain exposure to non-US companies without the need for cross-border or cross-currency complexities. Importantly, the establishment of the ADR program is not a new offer of securities, therefore no additional shares will be issued or any capital raised.

Key benefits include:

– Institutional Accessibility: Many U.S. funds are restricted from investing directly in ASXlisted small caps. A U.S.-traded ADR opens access to tier-one U.S. institutions, wealth managers, and ETFs that otherwise cannot participate.

– Credibility and Perception Uplift: Partnering with BNY Mellon is widely regarded as a strong indicator of governance quality and market standing

– Liquidity & Marketability: ADRs trade in U.S. dollars during U.S. market hours, improving visibility, liquidity and ease of settlement for U.S investors

– Peer Alignment: ADRs are already used by leading Australian and global resources companies, placing Locksley alongside a well-recognised peer group

– Future Capital Pathway: The ADR framework establishes early infrastructure for potential future U.S exchange listings and builds a trading history with U.S Investors

Background on BNY Mellon

– BNY is the world’s largest provider of depositary receipt services, with a 41% global market share and a 68% share in Australia. The firm acts as depositary for 12 of the 14 Australian companies currently listed on Nasdaq and provides depositary services to over 90% of Fortune 100 companies worldwide

– BNY’s dedicated Depositary Receipts platform provides issuers with a full suite of services, including investor relations advisory, U.S. capital markets connectivity, dividend and proxy management, and access to the largest team of DR specialists in the market

Precedent Companies

Many Australian and global companies utilise ADR programs as part of their U.S. investor engagement strategies, including BHP, Rio Tinto, Fortescue Metals, QBE, Telstra, and CSL. Locksley’s ADR program will provide U.S. investors with streamlined access to the Company’s Mojave Critical Minerals Project in California, a project strongly aligned with U.S. government and defence supply chain priorities. The program will enhance Locksley’s visibility among U.S. institutions, funds and retail investors seeking exposure to critical minerals.

Kerrie Matthews, Locksley CEO commented:

‘Progressing with The Bank of New York Mellon to establish an ADR program represents another important step in Locksley’s U.S. capital markets strategy. Since commencing as CEO, I have focused on positioning Locksley not just as another Australian junior, but as a company of global strategic importance.’ ‘The ADR program enables U.S. institutions and investors to participate in our vision to deliver a 100% U.S. Mine to Market antimony solution. This uplifts our profile, expands our investor reach and sets the stage for long term capital pathways as we fast-track Mojave’s development.’

About Locksley Resources Limited:

Locksley Resources Limited (ASX:LKY,OTC:LKYRF) (FRA:X5L) (OTCMKTS:LKYRF) is an ASX listed explorer focused on critical minerals in the United States of America. The Company is actively advancing exploration across two key assets: the Mojave Project in California, targeting rare earth elements (REEs) and antimony. Locksley Resources aims to generate shareholder value through strategic exploration, discovery and development in this highly prospective mineral region.

Mojave Project

Located in the Mojave Desert, California, the Mojave Project comprises over 250 claims across two contiguous prospect areas, namely, the North Block/Northeast Block and the El Campo Prospect. The North Block directly abuts claims held by MP Materials, while El Campo lies along strike of the Mountain Pass Mine and is enveloped by MP Materials’ claims, highlighting the strong geological continuity and exploration potential of the project area.

In addition to rare earths, the Mojave Project hosts the historic ‘Desert Antimony Mine’, which last operated in 1937. Despite the United States currently having no domestic antimony production, demand for the metal remains high due to its essential role in defense systems, semiconductors, and metal alloys. With significant surface sample results, the Desert Mine prospect represents one of the highest-grade known antimony occurrences in the U.S.

Locksley’s North American position is further strengthened by rising geopolitical urgency to diversify supply chains away from China, the global leader in both REE & antimony production. With its maiden drilling program planned, the Mojave Project is uniquely positioned to align with U.S. strategic objectives around critical mineral independence and economic security.

Tottenham Project

Locksley’s Australian portfolio comprises the advanced Tottenham Copper-Gold Project in New South Wales, focused on VMS-style mineralisation

Source:
Locksley Resources Limited

Contact:
Kerrie Matthews
Chief Executive Officer
Locksley Resources Limited
T: +61 8 9481 0389
Kerrie@locksleyresources.com.au

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