Bastion Minerals acquisition and exploration update

Bastion Minerals Limited (ASX: $BMO) has successfully completed the acquisition of the Split Rock (Mt Ida region) and Morrissey (Gascoyne region) Projects in Western Australia. The company aims to explore lithium and rare earth element (REE) mineralisation in the Mt Ida region and evaluate uranium occurrences in the Gascoyne region.

Executive Chairman's commentary on the acquisitions

The Board is excited to announce that Bastion has completed the acquisition of our Split Rock and Morrissey Projects in Western Australia. This is a significant step forward, as we build a portfolio of energy transition metals projects. We have also successfully completed an initial soil sampling program at Split Rock, targeting lithium and rare earths elements. We are eager to receive the assay results in about four weeks, which will give us valuable insights into the mineral potential of this area. In addition to lithium potential at Split Rock, the Morrissey Project holds great potential for uranium exploration. We plan to conduct further evaluation there as soon as possible.

Summary of Bastion Minerals' acquisitions and exploration plans

Bastion Minerals has finalized the acquisition of the Split Rock and Morrissey Projects in Western Australia, positioning the company to explore battery metals projects. The completion of soil sampling at Split Rock and the upcoming assay results are expected to provide crucial insights into the lithium and rare earth element potential. Additionally, the evaluation of uranium occurrences at the Morrissey Project presents further opportunities for exploration. The company's focus on energy transition metals projects aligns with its strategic goals, and the upcoming exploration activities are anticipated to contribute to the company's growth and development.