Bastion Minerals Ltd activities update in Sweden

Bastion Minerals Ltd (ASX:BMO) has initiated a ground magnetic survey in the north of the Gyttorp REE property in Sweden. The survey aims to map the extent of magnetite skarn associated with high-grade REE mineralisation and areas of copper mineralisation. Additionally, the company's wholly owned subsidiary has been granted Eight application areas along the 'REE line' in southern Sweden, where rare earth mineralisation is linked with magnetite bodies and copper mineralisation.

Executive Chairman's perspective on the Swedish projects

Executive Chairman, Mr Ross Landles, expressed enthusiasm about the progress in Sweden, particularly the Gyttorp project's promising REE results and the ongoing magnetic survey. He highlighted the potential for significant tonnages of REE mineralisation and the presence of copper mineralisation in the same magnetic complex. Mr Landles also mentioned the preliminary sampling that confirmed REE occurrence up to 18.56% TREE+Y in the new Striberg property, expressing anticipation for the forthcoming assay results.

Outlook and Future Plans

Bastion Minerals' activities in Sweden show a focus on identifying high-grade REE and copper drilling targets through the ongoing magnetic survey and sampling programs. The company's ambitions include defining drill targets for the maiden drill program and assessing the potential thickness of mineralisation in the historical drilling areas. With the confirmation of significant REE occurrence in the new Striberg property, Bastion Minerals looks forward to the assay results and aims to bring further updates to the market as the exploration plan progresses in Sweden.