Bastion Minerals Limited
BMO.AX
Australian Securities Exchange0.05
AUD
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Bastion Minerals Limited
BMO.AX
(Australian Securities Exchange)
Recent
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0.05
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div
yld
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ROIC.AI
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- Business
- Bastion Minerals Limited (ASX: BMO) is an Australian-based mineral exploration company focused on the discovery and development of high-quality mineral deposits, primarily targeting copper, gold, and base metals. The company holds interests in a portfolio of exploration projects including the Cuesta Gold Project and Malcolm Cu-PGE Ni Project in Western Australia; the Broken Hill North Cobalt-Copper Project in New South Wales; and the recently acquired Mary Kathleen Tailings Project and other assets in Queensland, Australia. It offers exploration services encompassing geological mapping, drilling programs, geophysical surveys, and resource evaluation to advance its tenements toward potential mining operations. Founded in 2020 and headquartered in West Perth, Australia, Bastion Minerals operates exclusively within Australia, with tenements spanning Western Australia, New South Wales, and Queensland regions, targeting institutional and retail investors in the junior mining sector. The company's business segments include early-stage exploration and project generation, with no current production but emphasis on joint venture partnerships for co-development. It maintains a lean structure with no major subsidiaries, operating as a standalone public entity listed on the Australian Securities Exchange. In the past 1-2 years, Bastion Minerals has undergone significant expansion through strategic acquisitions, including the Mary Kathleen Tailings Project in May 2024, which features historical uranium and rare earth resources; the high-grade Earaheedy Lead-Silver Project; and the Yeneena Zinc-Copper Project, enhancing its diversified commodity exposure. The company secured a A$3.25 million placement in late 2024 to fund aggressive drilling campaigns and formed an earn-in joint venture with Zeta Resources for the Malcolm Project, allowing up to 70% interest earn-in via expenditure. These moves, alongside relisting preparations and a board refresh, position Bastion for accelerated resource delineation amid rising demand for critical minerals.