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Bastion Minerals Ltd ( (AU:BMO) ) just unveiled an announcement.
Bastion Minerals Ltd has announced the acquisition of the Ninnis Gold Project, located in Western Australia’s Northern Goldfields, through a Share Sale and Purchase Agreement with Muskwood Pty Ltd. This strategic acquisition aligns with Bastion’s strategy to target early-stage Australian gold projects and is expected to enhance its exploration capabilities in a region renowned for significant gold deposits. The project, which covers 25 square kilometers, is situated near major gold operations and is geologically similar to the Mount Morgans Gold Mine. Bastion plans to commence soil and rock chip sampling to identify drill targets, aiming to fast-track exploration efforts and potentially make significant gold discoveries.
More about Bastion Minerals Ltd
Bastion Minerals Ltd is a company operating in the mining industry, focusing on the acquisition and development of early-stage gold projects in Australia. The company is particularly interested in expanding its portfolio within Tier 1 mining jurisdictions known for significant gold discoveries.
Technical Sentiment Signal: Sell
Current Market Cap: A$3.35M
For detailed information about BMO stock, go to TipRanks’ Stock Analysis page.