Bastion Minerals Limited (ASX:BMO) signed definitive agreement to acquire Tenement EL 16/607 in Mt Ida, WA Goldfields from Syndicate Minerals Pty Ltd on December 20, 2023. As part of a related transaction under which Bastion is acquiring Critical Minerals Morrissey Pty Ltd, the total cost of both the acquisitions are AUD 1 million which will be satisfied by Bastion issuing 71.4 million shares and a net smelter royalty of 1.5%. The acquisition will be funded from capital raise of AUD 2 million. Subject to the satisfaction of the conditions, completion of the transaction must occur within 4 months of the date of the agreement.

Bastion Minerals Limited (ASX:BMO) completed the acquisition of Tenement EL 16/607 in Mt Ida, WA Goldfields from Syndicate Minerals Pty Ltd on March 26, 2024.