BMO: 1.28km2 Pegmatite Clusters Identified - Pakwan East Lithium

BASTION MINERALS LIMITED

• Bastion has identified a series of mapped pegmatite clusters in the property, including two that measure more than 1km2.
• The presence of these pegmatites suggest the sequence is fertile and lithium pegmatites may be present.
• Detailed mapping and sampling of these pegmatites is a priority for Bastion.

2023-02-28 15:17:00

BMO: Retraction of Announcement dated 27 February 2023

BASTION MINERALS LIMITED

• Bastion Minerals Ltd retracts the contents of their previous announcement due to the references contained therein to the reported mineral resources and intersections of projects owned by another company.
• Investors should not rely on the previous announcement for any investment decision regarding the Company.
• The Company will provide an update on its due diligence undertaken with respect to the Pakwan East Project without reference to any other company's resources and intersections.

2023-02-28 15:15:00

BMO: Outcropping Pegmatite Clusters Identified at Pakwan East

BASTION MINERALS LIMITED

• Bastion Minerals Ltd has recently optioned the Pakwan East Lithium property in Canada, which is adjacent to Frontier Lithium Inc's high-grade PAK and Spark Lithium projects.
• 45 pegmatite clusters have been mapped within the project area, 27 of which have been identified as a high priority. Bastion will continue to review each target as part of its due diligence.
• The presence of these pegmatites suggests the sequence is fertile and lithium pegmatites may be present, so detailed mapping and sampling of them is a priority for Bastion.

2023-02-27 08:42:00

BMO: New Canadian Lithium Option & Royalty Portfolio Termination

BASTION MINERALS LIMITED

• Bastion Minerals Ltd (BMO) has acquired an option to acquire three highly prospective lithium properties located in Ontario, Canada.
• The Pakwan East project comprises 17km2 and is located adjacent to Frontier Lithium Inc's PAK lithium project.
• The McCombe North project comprises 33km2 of tenure and abuts the north of the Root Bay properties owned by Green TechGreen Technology Metals (ASX: GT1), where they are drilling the Morrison and McCombe lithium deposits.

2023-02-20 14:58:00

BMO: Placement of Rights Shortfall and Canadian Option Extension

BASTION MINERALS LIMITED

• The Company had a shortfall to be placed of 42,849,366 shares totalling $ 1,499,727.81 together with 21,424,683 free attaching options exercisable at $0.09 expiring 3 years from their date of issue.
• The Board is pleased to inform shareholders that this shortfall has been placed in full.
• The demand for the shortfall was well in excess of the availability and the Board is very pleased with the outcome.

2023-01-30 08:27:00

BMO: Results of Rights Issue

BASTION MINERALS LIMITED

1. Pursuant to the Rights Issue, 30 valid applications were received for a total of $92,988.03 comprising a total of 2,656,801 shares and 1,328,403 options.
2. The shares and options under the Rights Issue will be issued and allotted on Friday 20 January 2023 with quotation of the Rights Issue shares expected to commence on Monday 23 January 2023.
3. The Board will now work with the Lead Manager, GTT Ventures Pty Limited (GTT), to place the shortfall under the Rights Issue in its discretion.

BMO: Further High-Grade Gold Results - Capote

BASTION MINERALS LIMITED

1. High-grade gold intersections received from Resurgimiento 2 and Yayito Prospects at the Capote Gold Project, confirming shallow mineralisation.
2. Results complement previously released intersections from the Resurgimiento 1 Prospect.
3. Significant intercepts include 5m @ 2.06g/t Au from 42m in CPDH01 3 (including 1.6m @ 5.6g/t Au).

2023-01-12 08:20:00

BMO: Significant Reduction In Corporate Overheads

BASTION MINERALS LIMITED

1. Capital management initiatives implemented by the BMO board have resulted in significant cost reduction in corporate overheads effective as of 1 January 2023 ;
2. Board member fees and salaries, Chilean management fees and consultant fees have all been reduced in order to facilitate these cost reductions ;
3. The reduction in these recurring costs is expected to result in an annualised saving of approximately $700, 000 for Bastion Minerals and its shareholders.

2023-01-09 08:17:00