Tillkännagivande • Jun 15
Vita Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.9 million. Vita Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.9 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 19,107,142
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00168
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 84,464,287
Price\Range: AUD 0.028
Discount Per Security: AUD 0.00168
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Apr 30
Vita Resources NL, Annual General Meeting, May 29, 2026 Vita Resources NL, Annual General Meeting, May 29, 2026. Location: at level 2, 25 richardson street, west perth wa 6005 Australia New Risk • Mar 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 8.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (247% increase in shares outstanding). Revenue is less than US$1m (AU$85k revenue, or US$59k). Market cap is less than US$10m (AU$3.51m market cap, or US$2.41m). New Risk • Mar 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$1.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$1.7m free cash flow). Earnings have declined by 8.9% per year over the past 5 years. Shareholders have been substantially diluted in the past year (247% increase in shares outstanding). Revenue is less than US$1m (AU$85k revenue, or US$59k). Market cap is less than US$10m (AU$2.93m market cap, or US$2.01m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Tillkännagivande • Nov 14
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.475 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.475 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 330,000,000
Price\Range: AUD 0.001
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 145,000,000
Price\Range: AUD 0.001
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Board Change • Oct 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Director Allister Caird is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Sep 12
Bastion Minerals Limited Appoints Raymond Muskett as A Director Bastion Minerals Limited, in its General Meeting held on September 12, 2025 approved to appoint Mr. Raymond Muskett as a Director. Board Change • Sep 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. CEO & Director Allister Caird is the most experienced director on the board, commencing their role in 2025. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jun 20
Bastion Minerals Limited Announces Change of Company Secretary Bastion Minerals Limited announced the appointment of John Ribbons as the Company's new Company Secretary, effective June 20, 2025 following the resignation of Justin Clyne. Mr. Ribbons will hold the role of Company Secretary in addition to his role as Chief Financial Officer. Mr. Ribbons is a finance and governance professional with over twenty-five years' company secretarial, corporate governance and corporate compliance experience, including roles as Non-Executive Director and Company Secretary of ASX listed and unlisted companies. He has a strong background in the resources sector, assisting several junior entities from incorporation to ASX listing. Mr. Ribbons has extensive knowledge and experience with ASX and TSX listed production, and exploration companies and has considerable site-based experience with operating mines. Tillkännagivande • Jun 19
Bastion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.677721 million. Bastion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 0.677721 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 677,720,673
Price\Range: AUD 0.001
Discount Per Security: AUD 0.00006
Transaction Features: Rights Offering Tillkännagivande • Apr 28
Bastion Minerals Limited announced that it expects to receive AUD 0.626709 million in funding Bastion Minerals Limited announced a private placement of 20 % convertible secured loan agreement for the AUD 500,000 on April 28,2025. The transaction will involve participation of sophisticated and professional investors of which entities associated with the incoming directors comprise AUD 250,000.The interest on loan is 20% The company agrees to enter into a security deed over all of the secured property in favor of the lender. The company agrees that the lender may register a PPSA security Interest in respect of the secured property on the personal property securities register. The company must not, without the prior written consent of the lenders, create, permit, or agree to, any security interest over any of its assets or the assets of its subsidiaries. The loan is convertible into shares at AUD 0.001. subject to shareholder approval. Company agrees to use best endeavors to hold the AGM as soon as practicable at which shareholder approval will be sought for the conversion. If the Loan is not repaid in shares it is repayable in cash on the date that is the earlier of 5 business days after the AGM or 60 days after the advance date. The loan is immediately repayable upon an event of default.
The company will also issue 126,708,700 new fully paid ordinary shares at an issue price of AUD 0.001 for the proceeds of AUD 126,708.7. The transaction will involve participation of sophisticated and professional investors. The transaction will happen in tranches and first tranche of 58,902,900 is expected on May 2, 2025. .Gavin Rutherford and Keith Ross have each taken up 33,902,900 New Shares under the Placement. As they are incoming directors of the company and shareholder approval is required for the issue of these 67,805,800 shares. New Risk • Apr 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 41% per year over the past 5 years. Shareholders have been substantially diluted in the past year (94% increase in shares outstanding). Revenue is less than US$1m (AU$185k revenue, or US$116k). Market cap is less than US$10m (AU$2.53m market cap, or US$1.59m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Tillkännagivande • Mar 25
Bastion Minerals Limited Announces Board Transition Bastion Minerals Limited announced a board transition to enhance its geological expertise and accelerate the development of its highly prospective copper and gold assets. Founding Directors, Executive Chairman Mr. Ross Landles and Non-Executive Director Mr. David Nolan, have announced their retirement from the Company, effective the sooner of 31 March 2025 or the completion and release to the ASX of the Company's FY24 financial accounts. This transition is a pivotal step in Bastion Minerals' strategic vision, facilitating the appointment of a technically focused management team to drive exploration and value creation. The recently announced appointment of Dr. Julian Stephens as Chief of Exploration and Strategy underscores the Company's commitment to leveraging geological expertise together with the appointment of Mr. Allister Caird as Chief Executive Officer (effective 17 March 2025) who will assume the role of Executive Director upon the retirement of Mr. Ross Landles. The Company also announces the appointment of Mr. Chris Zielinski as Non-Executive Chairman who will replace Mr. David Nolan upon Mr. Nolan's retirement. Allister Caird - Chief Executive Officer & Executive Director: Mr. Caird is a highly experienced geologist and geophysicist with over 15 years' of resource exploration experience across academic, service, and operational domains. His expertise includes managing exploration operations in extreme and remote environments, notably in Arctic exploration camps, which aligns with Bastion's recently acquired ICE Project in the Yukon Territory, Canada. As part of the board transition, Mr. Caird will also assume the role of Executive Director providing strategic leadership and operational oversight. Mr. Caird commenced his role as CEO on 17 March 2025 and will assume the role of Executive Director upon Mr. Ross Landles' retirement from the BMO board. Mr. Chris Zielinski - Non-Executive Chairman: Steps into the role of Non-Executive Chairman, ensuring robust governance and strategic oversight. Mr.Zielinski, currently Non-Executive Director of Green Critical Minerals Ltd. (ASX: GCM), holds a Bachelor of Laws and Bachelor of Commerce (Finance) from Notre Dame University. As a Director at Nova Legal, he brings extensive expertise in corporate law, capital markets, and regulatory compliance, having advised numerous ASX-listed and private companies on capital raisings, M&A transactions, and mining project acquisitions. His experience in structuring and negotiating earn-in agreements within the resources sector will be instrumental as Bastion advances its Canadian copper portfolio. Mr.Zielinski will be appointed the sooner of 31 March 2025 or the completion of the FY24 financial accounts and will replace Mr. David Nolan. Dr. Julian Stephens - Chief of Exploration & Strategy: Dr. Stephens is a veteran of the mineral exploration industry, with over 25 years of experience in mineral resource discovery and strategic project development. His track record includes a tenure as Managing Director of Sovereign Metals, where he spearheaded the discovery of the world's largest rutile deposit at Kasiya, Malawi, securing a ~$40M strategic investment from Rio Tinto. Dr. Stephens brings deep knowledge of Reduced Intrusion-Related Gold (RIRG) systems, having conducted his PhD research in the Yukon, offering invaluable insight into Bastion's Canadian copper assets. Tillkännagivande • Mar 07
Bastion Minerals Limited, Annual General Meeting, May 29, 2025 Bastion Minerals Limited, Annual General Meeting, May 29, 2025. Location: at the offices of addisons, lawyers, level 10, 2 park street, sydney Australia Tillkännagivande • Feb 10
Bastion Minerals Limited Appoints Allister Caird as Chief Executive Officer, Effective from 17 March, 2025 Bastion Minerals Limited announced two key appointments to advance its highly prospective Canadian Copper portfolio, with the appointment of Mr. Allister Caird as the Company's new Chief Executive Officer, commencing 17 March, 2025, commencing immediately. Caird, a qualified geologist and a graduate of the Australian Institute of Company Directors, brings to Bastion a wealth of technical expertise and leadership experience, having worked in exploration across service, academic, and operator roles for over 15 years. His diverse background encompasses significant achievements in resource exploration and discovery, with a strong focus on leveraging multi-disciplinary exploration techniques to deliver value. Caird's career includes extensive experience managing operations in remote arctic exploration camps, proximal to the Company's recently acquired ICE Project. This experience highlights his ability to deliver results in challenging environments, reflecting his operational competence and technical acumen. Caird has a proven track record of fostering cross-disciplinary collaboration and delivering on strategic exploration objectives. His breadth of experience positions him as a valuable addition to Bastion's executive team and supports the Company's vision for sustainable growth and shareholder value. Tillkännagivande • Aug 22
Bastion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million. Bastion Minerals Limited has filed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 214,285,714
Price\Range: AUD 0.007
Security Features: Attached Options
Transaction Features: Rights Offering Tillkännagivande • Aug 02
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 71,428,571
Price\Range: AUD 0.007
Discount Per Security: AUD 0.00049
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Tillkännagivande • Jul 31
Bastion Minerals Limited (ASX:BMO) agreed to acquire Arcus Resources Pty Ltd from Knightons Way Pty Ltd and Marnus Botha for AUD 5.45 million. Bastion Minerals Limited (ASX:BMO) agreed to acquire Arcus Resources Pty Ltd from Knightons Way Pty Ltd and Marnus Botha for AUD 5.45 million on July 29, 2024. Bastion will pay a total of AUD 0.14 million in cash, issue 187.5 million shares, 93.75 options and 125 million Performance Shares. The transaction is subject to shareholder approval. The cash payment of AUD 0.14 million will be funded from Bastion's existing cash reserves. Tillkännagivande • Mar 28
Bastion Minerals Limited (ASX:BMO) acquired Tenement EL 16/607 in Mt Ida, WA Goldfields from Syndicate Minerals Pty Ltd. 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. Tillkännagivande • Mar 27
Bastion Minerals Limited (ASX:BMO) completed the acquisition of Critical Minerals Morrissey Pty Ltd. Bastion Minerals Limited (ASX:BMO) signed definitive agreement to acquire Critical Minerals Morrissey Pty Ltd on December 20, 2023. As part of a related transaction under which Bastion is acquiring Split Rock Dam Lithium & Gold Project, 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 Critical Minerals Morrissey Pty Ltd on March 26, 2024. Tillkännagivande • Mar 14
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 102,288,817
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,568,330
Price\Range: AUD 0.014
Discount Per Security: AUD 0.00084
Transaction Features: Subsequent Direct Listing Tillkännagivande • Mar 05
Bastion Minerals Limited, Annual General Meeting, May 30, 2024 Bastion Minerals Limited, Annual General Meeting, May 30, 2024, at 10:01 E. Australia Standard Time. Location: at the offices of Addisons, Lawyers, Level 12, 60 Carrington Street Sydney Australia Tillkännagivande • Sep 14
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.546621 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 0.546621 million.
Security Name: Ordinary shares
Security Type: Common Stock
Securities Offered: 27,331,053
Price\Range: AUD 0.02
Discount Per Security: AUD 0.0012
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • May 18
Insider recently bought AU$243k worth of stock On the 16th of May, Gregory Howe bought around 6m shares on-market at roughly AU$0.039 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$527k more in shares than they have sold in the last 12 months. Tillkännagivande • Jan 31
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.594116 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.594116 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,696,801
Price\Range: AUD 0.035
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,849,366
Price\Range: AUD 0.035
Transaction Features: Rights Offering Tillkännagivande • Jan 30
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.594116 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.594116 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 2,696,801
Price\Range: AUD 0.035
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 42,849,366
Price\Range: AUD 0.035
Transaction Features: Rights Offering Tillkännagivande • Jan 12
Bastion Minerals Limited Updates on Diamond Drilling At the Capote Gold Project in the Mineral-Rich Atacama Region of Chile Bastion Minerals Limited provided an update on diamond drilling at the Capote Gold Project in the mineral-rich Atacama Region of Chile. Now that company have received all the results from maiden drilling campaign will assess the future resource potential and sites for further drilling. 4,056 metres has been completed in the maiden drill program at the Company's Capote Gold Project. Recently received results confirm that surface mineralisation extends to depth and along strike. New results received from diamond drilling at the Resurgimiento and other prospects. Bastion has continued to successfully intercept gold at the Capote Gold Project, with results now received for all holes from CPDH014 to CPDH018 . The project has many veins that have yet to be evaluated at depth, including: Northern and southern extensions of the La Buena and Yayito system; Colo Colo, where the Company has identified an important intercept and is open to the north and south; The Resurgimiento and Resurgimiento 2 veins, which include visible gold; and At the district level the San Juan vein is open to the north and south and at depth and peripheral veins towards the north of the property have not been evaluated and have potential for gold and copper mineralisation. Recent Insider Transactions • Dec 23
Insider recently bought AU$269k worth of stock On the 19th of December, Levi Mochkin bought around 4m shares on-market at roughly AU$0.072 per share. This transaction amounted to 54% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$283k more in shares than they have sold in the last 12 months. Tillkännagivande • Dec 08
Bastion Minerals Limited Announces Board Changes Bastion Minerals Limited announced that at the EGM was held on 7 December 2022, the company approved the appointment of Peter Gray as Director. Removal of Ross Landles as Director. Removal of David Nolan as Director. Tillkännagivande • Dec 07
Bastion Minerals Limited Announces Resignation of Andrew Stewart as A Director Bastion Minerals Limited announced that Dr. Andrew Stewart has resigned as a Director of the Company effective 6 December 2022. As a result of Dr. Stewart's resignation, resolution 1 to be proposed at present Extraordinary General Meeting of shareholders will no longer be required. Board Change • Nov 16
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director David Nolan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Oct 31
Bastion Minerals Limited Appoints Murray Brooker as Consultant Geologist and Rosendo Puig as In-Country (Chile) Consultant Geologist Bastion Minerals Limited announced the appointments of Mr. Murray Brooker as Consultant Geologist and Mr. Rosendo Puig as in-country (Chile) Consultant Geologist. Mr. Brooker is a geologist and hydrogeologist, with over 30 years' experience. He has worked extensively on mineral projects across Argentina, Chile, Australia, and other countries and is a lithium expert, having worked extensively on brine and hard rock lithium projects since 2010. He has previously advised large listed companies such as Allkem Ltd. (formerly Orocobre Ltd) and Lithium Power International. Mr. Brooker has worked across multiple commodities, and his broad experience includes all aspects of exploration program design including interpretation of geological, geochemical and geophysical data; and technical reporting for stock exchanges in Australia and Canada under the JORC and NI43- 101 codes. Mr. Puig has 40 years' experience exploring in Chile, Australia and other locations globally, primarily focused on exploration for copper and gold. Mr. Puig has Chilean and Australian citizenship and has previously worked on both the Capote Gold Project and Cometa Copper Project for other explorers. Tillkännagivande • Oct 25
Bastion Minerals Limited Announces Multiple Zones of Shallow Visible Gold Intersected At Capote Bastion Minerals Limited provide an update on diamond drilling at the Capote Gold Project in the mineral-rich Atacama Region of Chile. Visible gold has been identified at three zones in recently completed drilling in hole CPDH011 at the Resurgimiento 2 Prospect, including: 15.6 m in a fine grained andesitic dike; 32.35 m in the contact between the granodiorite and porphyritic andesite; and At 39 metres in the granodiorite. The habit of the gold is laminar, forms small nails in veinlets or occurs as disseminations. 4,056 metres has been completed in the maiden drill program at the Company's Capote Gold Project. Initial results confirm that surface mineralisation extends to depth and along strike. New results have been received from diamond drilling at the Paulino, Filomena and Resurgimiento Prospects, including high-grade intercepts of: 1.37m @ 13.15g/t Au from 32.2m from CPDH006 at the Paulino Prospect and; 5.5 m @ 2.37 g/t Au from 53.5m from CPDH008 at the Resurgimiento Prospect. Significant intersections to date include: 1.6m @ 9.6g/t Au from 58.4m in CPDH003B; 1.1m @ 3.94g/t Au from 80.9m in CPDH003; and 4.68m @ 2.59g/t Au from 55.32m in CPDH004B. Tillkännagivande • Oct 10
Bastion Minerals Limited Provides Capote Drilling - Gold & Multi-Element Assays Imminent Bastion Minerals Limited provided an update on its scout drilling program at the Capote Gold Project in the mineral-rich Atacama Region of Chile. The aim of this program is to test the six main targets across the Capote Gold Project to prioritise which targets have the best potential for a high-grade gold discovery. Highlights: 3071 metres of 5,000-metre maiden drilling campaign has been completed with elevated gold in all structures drilled. With significant near surface gold results already received, the company eagerly awaits the imminent gold and multi-element assay results for drillholes CPDH005, CPDH006, CPDH007 and CPDH008. The recently completed drillholes CPDH009 to CPDH013 at the Resurgimiento and Resurgimiento 2 Prospects have been submitted and assays are pending. The San Juan project continues to be tested along with preparation for an exploration program at the Cometa Copper project, an IOCG style target for a large-scale Cu/Au porphyry discovery. Current Drill Program: 3,071 metres of the 5,000-metre planned maiden drill program at the Company's Capote Gold Project has been completed. Initial results confirm that surface mineralisation extends to depth and along strike. Multi-element assay data is expected imminently for drillholes CPDH005, CPDH006, CPDH007 and CPDH008. Significant intersections to date (previously reported) include: 1.6m @ 9.6g/t Au from 58.4m in CPDH003B. 1.1m @ 3.94g/t Au from 80.9m in CPDH003. 4.68m @ 2.59g/t Au from 55.32m in CPDH004B. Bastion has continued to successfully intercept gold at the Capote Gold Project, with a further six drillholes being collared. 1,790 metres are currently undergoing assay, with a further 556 metres on site undergoing processing. Tillkännagivande • Sep 30
Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million. Bastion Minerals Limited has completed a Follow-on Equity Offering in the amount of AUD 1.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 18,987,342
Price\Range: AUD 0.079
Discount Per Security: AUD 0.00474
Transaction Features: Subsequent Direct Listing Tillkännagivande • Sep 15
Bastion Minerals Limited Provides Update on Its Scout Drilling Program At the Capote Gold Project Bastion Minerals Limited provided an update on its scout drilling program at the Capote Gold Project in the mineral-rich Atacama Region of Chile. The Company has received gold assays for an additional two diamond drill holes in its on-going drill program. The aim of this scout program is to test the six main targets across the Capote Gold Project to determine which targets have the potential for a high-grade gold discovery. Highlights: Bastion Minerals has received encouraging gold assays from two drill holes at Capote; All drill holes intersecting projected mineralised structures and all structures contained elevated gold mineralisation; Significant intersections include; 4.68m @ 2.59g/t Au from 55.32m in CPDH004B; These results confirm that the Colo Colo Target has significant potential down dip and along strike; and Drilling continues and results will be released as they come to hand. The Company's maiden drill program at the Capote Gold Project is underway. Gold assays have been received for an additional two diamond drill holes. These new results come from drill holes at the Colo Colo Prospect. Multi-element assay data is pending for all holes and will be reported as these are returned. Drilling at Colo Colo is targeting the central portion of the outcropping gold bearing vein. Drill Hole CPDH004 encountered a broad zone of anomalous gold from surface to 50m and a narrow moderate grade intercept associated with the target structure at 45m. Drill Hole CPDH004B encountered a similar broad zone of anomalous gold from surface to 35m and a 4.68m wide (true width unknown) of higher-grade gold (2.59g/t Au) from 55.32m associated with the targeted structure. Results for all three sections drilled at Colo Colo have now been returned. These results indicate that the Colo Colo vein system increases in grade at depth and to the north. Future drilling will be targeted towards expanding the higher-grade intercept in CPDH004B, once final multielement data has been returned and interpreted. Tillkännagivande • Aug 15
Bastion Minerals Limited Announces Strong Drill Results from Capote Bastion Minerals Limited provided an update on its scout drilling program at its Capote Gold Project in the mineral-rich Atacama Region of Chile. The company has received gold assays for the first five drill holes of its ongoing 5000m diamond drill program. The aim of this scout program is to test the six main targets across the Capote Project to determine which targets have the potential for a high-grade gold discovery. The company's maiden 5,000m drill program at the Capote Gold Project is underway. Gold assays have been received for the first five diamond drill holes. Multi- element assay data is pending for all holes and will be reported as these are returned. A single diamond drill hole (CPDH001) has been drilled at Yayito, targeting the depth extensions of a gold bearing vein at surface. This drill hole encountered seven separate mineralised structures, characterised by fractured zones of rock with strong iron oxide staining and elevated gold. Four higher-grade structures were encountered near surface. Future work at Yayito will include drilling other parallel structures and testing several Induced Polarisation (IP) chargeability anomalies. Drilling at Colo Colo is targeting the central portion of the outcropping gold bearing vein. The mineralised structure was intersected in all holes and an additional mineralised structurewas encountered towards the end of the drill hole. Board Change • Jul 15
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director David Nolan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Jun 29
Bastion Minerals Limited Announces Drilling Commences at Capote Bastion Minerals Limited provided an update on its on-going exploration program within the Capote Mining District and surrounding vein systems in the mineral rich Atacama Region of Chile. The company's maiden 5,000 metre drill program at Capote is underway. Two diamond drill holes have been collared to date, targeting the sub-surface expression of outcropping gold bearing veins at Yayito and Colo Colo. Near term targets also include Filomena Vein, Paulino Vein, Resurgimiento and San Juan. Drill Hole CPDH001 was collared at Yayito, targeting the southern extension of the main Yayito vein. This hole encountered multiple narrow zones (50cm to 2m) of intense alteration which is associated with gold at surface. Drill Hole CPDH002 was collared at Colo Colo, targeting the subsurface expression of wider zones of gold mineralisation recently reported. CPDH002 is currently underway, and the market will be updated as results come to hand. Assays for these initial drill holes are expected within six weeks. Tillkännagivande • Jun 14
Bastion Minerals Limited Announces Capote Produces High Grade Gold Channel Samples Bastion Minerals Limited provided an update on its ongoing exploration program within the Capote Mining District and surrounding vein systems in the mineral rich Atacama Region of Chile. Seventy-six (76) rock-chip channel samples have been collected at key vein locations across the Capote Project. This work has been completed to help focus the up-coming drill program and assist in understanding grade variability across the mineralized structures at surface. Preliminary results have been returned for gold assays for these samples and multielement results are still pending. Full results will be reported when assays are finalised. These samples have been taken as contiguous channel samples across multiple veins being targeted by the upcoming drill program. Six vein systems were targeted as described below. The Colo Colo vein system lies in the southern portion of the Capote District. The Colo Colo vein outcrops at surface for over 300m and is covered by shallow colluvium to the north and south. Vein widths range from one to six meters. The geophysical signature (magnetics) of the vein extends for some 1.5km along strike suggesting Colo Colo could represent a significant sized vein system. Previous artisanal mining has occurred within the central portions of Colo Colo down to an estimated depth of 50m. Channel samples have been collected during this campaign at four locations across the vein returning multiple high-grade samples. Fourteen (14) channel samples were collected from Colo Colo with an average gold grade of 3.11g/t Au and a maximum of 10.4g/t Au Resurgimiento represents the second largest vein system at Capote approximately 1km west of San Juan. The Resurgimiento system outcrops over 1000m and vein widths range from one to five metres. Channel samples were collected from eight different locations along the Resurgimiento vein system returning multiple high-grade gold results. Thirty-one (31) channel samples were collected from Resurgimiento with an average gold grade of 4.6g/t Au and a maximum of 15.35g/t Au La Piojenta is the southern extension of the Resurgimiento vein system. The La Piojenta vein system outcrops over 500m and vein widths range from one to five metres. Channel samples were collected from two different locations at La Piojenta returning multiple high-grade gold results. Seven (7) channel samples were collected in total with an average gold grade of 1.64g/t Au and a maximum of 5.09g/t Au. San Juan represents the largest vein system at Capote and was the focus of the majority of previous artisanal mining. The San Juan vein system outcrops over 1000m and veins range from one to five metres wide. Channel samples were collected from one location in the northern extent of San Juan where remnant mineralised vein could be accessed. Three (3) channel samples were collected from this location with an average gold grade of 3.78g/t Au and a maximum of 6.23g/t Au. The Paulino Vein lies 300m west of the Main San Juan veins system. The Paulino Vein outcrops over 500m and veins range from one to five metres wide. Channel samples were collected from three locations at Paulino Vein. Nine (9) channel samples were collected from this location with an average gold grade of 2.17g/t Au and a maximum of 15.5g/t Au. Yayito lies approximately 1km southwest of the San Juan vein system. Yayito consists of a network of narrower, but higher-grade veins ranging in width from thirty centimetres to four metres wide and striking for hundreds of meters. Channel samples were collected from three different locations at Yayito returning high-grade gold results. Nine (9) channel samples were collected in total with an average gold grade of 2.2g/t Au and a maximum of 13.1g/t Au. The Company's maiden drilling program at Capote is currently being actioned. All approvals have been obtained, drill pads are being constructed and drilling will commence on 15 June 2022. The Company will undertake an approximately 5,000-metre diamond drilling program aimed at expanding gold mineralisation around the known historical deposits at Yayito, San Juan, Paulino and Resurgimiento veins and testing several new greenfield target areas. Tillkännagivande • May 23
Bastion Minerals Limited Announces Change of Company Secretary Bastion Minerals Limited announced the appointment of Mr. Justin Clyne as Company Secretary effective from 23rd May 2022. Justin Clyne is a company director and company secretary for public-listed and unlisted companies. He has significant experience and knowledge in international law, the Corporations Act, the ASX Listing Rules and corporate regulatory requirements. Mr. Clyne was admitted as a solicitor of the Supreme Court of New South Wales and High Court of Australia in 1996 before gaining admission as a barrister in 1998. He had 15 years of experience in the legal profession acting for the country's largest corporations, initially in the areas of corporate and commercial law before dedicating himself full time to the provision of corporate advisory and related services for listed entities primarily in the Australian and North American markets. Mr. Clyne holds a Master of Laws in International Law from the University of New South Wales. He is also a qualified Chartered Company Secretary and a Member of the Australian Institute of Company Directors. The company further advised that Mr. Philip Mackey, from Company Matters Pty Limited has resigned from the position of Company Secretary, from effect 23 May 2022. The Board thanks Philip for his valuable contribution. Board Change • May 03
No independent directors There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). Non-Executive Director David Nolan is the most experienced director on the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Tillkännagivande • Apr 11
Bastion Minerals Limited Provides Update on its Ongoing Exploration Program Within the Cometa Copper Project, Located in Western Chile Bastion Minerals Limited provided this update on its ongoing exploration program within the Cometa Copper Project, located in western Chile (Cometa). The exploration program, including detailed geochemistry and geological mapping, continues to define numerous large-scale copper-gold drill targets. Highlights One-hundred and three (103) new rock-chip samples taken across multiple targets Copper assays up to 4.1% Cu. Gold assays up to 9.4g/t Au. Silver assays up to 30.7g/t Ag. Systematic exploration activities over the past 12 months at Cometa have defined six large- scale copper-gold-silver targets. Perseus Prospect (Iron Oxide Cu-Au). Previous assays to 2.53% Cu and 100g/t Ag. Orion Prospect (Cu-Au-Ag Porphyry). Previous assays to 4.42% Cu and 8.14g/t Au and 48.5g/t Ag. Aldebaran Prospect (Iron Oxide Cu-Au). Previous assays to 1.67% Cu and 109g/t Ag. Centauro Prospect (Cu-Au-Ag Porphyry). Previous assays to 3.08% Cu and 4.62g/t Au and 16.6g/t Ag. Venus Prospect (Cu-Ag Porphyry). Previous assays to 4.07% Cu and 27.4g/t Ag. Scorpion Prospect (Cu-Au-Ag Porphyry). Previous assays to 3.27% Cu and 0.75g/t Au and 85.2g/t Ag. Cometa Copper Project: The Cometa Copper Project consists of approximately 56km2 of granted mining and exploration tenements approximately 10km south of Hot Chili's Cortadera Project and approximately 40km southeast of Vallenar . Cometa is an early-stage exploration project with multiple high-grade copper targets identified from limited rock-chip sampling. Bastion will focus on bringing advanced exploration techniques to the Cometa Copper Project to discover large-scale, high-grade iron-oxide copper gold or porphyry deposits. Multiple rock-chip and mapping campaigns have been undertaken at Cometa, identifying six prospects with high-grade copper-gold-silver mineralisation across the lease. New Rock-Chips: The recent exploration program was focused on a northeast trending structural corridor that links the Scorpion, Venus and Centauro Prospects. One-hundred and three (103) rock-chip samples were collected in the sampling campaign. The average copper grade of these samples was 0.15% Cu with a maximum of 4.1% Copper (Cu). The average gold grade of these samples was 0.18g/t Au with a maximum value of 9.4g/t Gold (Au). The average silver grade of these samples was 0.73g/t Ag with a maximum of 30.7g/t Silver (Ag). Summary of work completed to date When combined with previous work, a compelling picture of multiple zones of high-grade copper-gold and silver emerges across the Cometa Copper Project. Perseus: The Perseus Prospect lies in the northern part of the Cometa Copper Project. Eighteen rock-chip samples (18) were collected at Perseus in the past 12 months displaying the geochemical signature common to low tonnage, high-grade IOCG deposits in Chile with high grade copper and silver and subdued gold results. The average copper grade of these samples is 0.51% Cu with a maximum value of 2.54% Cu. The average silver grade of these samples is 15.6g/t Ag with a maximum value of 100g/t Ag. Visible surface mineralisation at Perseus consists of copper oxides (malachite, azurite, chrysocolla and atacamite) and chalcopyrite hosted within magnetite, tourmaline, calcite bearing veins and breccias. Mapping has identified an area extending some 1.25km north south and 800m wide. Magnetic data shows a strong circular anomaly 1.5km across cut by linear magnetic highs correlating with the high-grade surface samples. Three-dimensional magnetic inversions suggest the majority of this magnetic anomaly lies at depth with narrow fingers of highly magnetic rock associated with mineralised trend. Additional work at Perseus will consist of detailed geological mapping and sampling before potential trenching and drilling. Orion: The Orion Prospect lies 3.5km southeast of Perseus in the central part of the Cometa Project. Two-hundred and twelve rock-chips (212) have been collected at Orion in the past 12 months displaying the geochemical signature common to porphyry style mineralisation. Molybdenum and bismuth values are elevated within the altered and mineralised samples suggesting an igneous source to the copper. The average copper grade of these samples is 0.25% Cu with a maximum value of 4.42% Cu. The average gold grade of these samples is 0.18g/t Au with a maximum value of 8.14g/t Au. The average silver grade of these samples is 1.05g/t Ag with a maximum value of 48.5g/t Ag. Visible surface mineralisation at Orion consists of copper oxides (atacamite, chrysocolla, brochantite and cuprite) and sulphides (chalcopyrite, bornite) hosted within chlorite, magnetite, biotite, epidote altered breccias. Fragments of porphyritic rock containing disseminated sulphides are found within the breccias. Mapping has identified an area extending some 1.5km east west and 750m north south. Magnetic data shows mineralisation at Orion is associated with the flank of a strong magnetic anomaly on the contact between a large circular intrusive and the host volcanic rocks. Additional work at Orion will consist of detailed geological mapping, sampling and potential trenching/drilling. Tillkännagivande • Mar 29
Bastion Minerals Limited Provides Update on its On-Going Exploration Program Bastion Minerals Limited provided an update on its on-going exploration program within the Capote Mining District and surrounding vein systems in the mineral rich Atacama Region of Chile. Surface Geochemistry: Forty-five (45) rock-chip samples have been collected during the past months during detailed mapping exercises, aimed at understanding the size and orientation of mineralised veins at surface. The average gold grade of the 45 samples is 1g/t with a maximum of 22.9g/t Au. The average copper value of these samples is 0.36% Cu with a maximum of 2.75% Cu. These rock-chips highlight the multicommodity potential of the Capote District, with potential for not only high-grade gold deposits, but iron oxide copper-gold (IOCG) deposits. As the gold potential of the district is focused on, Bastion Minerals will work up copper-gold targets in parallel. Next Steps: The final preparation stages of the Company's maiden drilling program are currently underway. Drilling is aimed at expanding gold mineralisation around the known historical deposits at Yayito and Resurgimiento veins and testing several new greenfield target areas. The Company will undertake an approximately 5,000-metre diamond drilling program, with a focus on testing the shallow surface expression of multiple vein systems where high-grade gold has been returned from recent rock-chip campaigns. Drill hole locations are being designed and regulatory and environmental approvals process have commenced. Tillkännagivande • Oct 02
Bastion Minerals Limited Provides Exploration Update - Capote Mining District Bastion Minerals Limited provide an update on its on-going exploration program within the Capote Mining District as it prepares for its maiden drilling program. The Company is continuing to compile and digitise the extensive database for the area with the immediate focus on the San Juan Gold Vein, and nearby veins that have never been explored with modern exploration methods. Bastion executed a Binding Framework Agreement for the execution of a Mining Purchase Option to acquire 100% of the San Juan Gold Project and surrounding licences within Capote Mining District on 26 August 2021. The Purchase Option Agreement is expected to be signed on 9th October 2021, upon the completion of due diligence. Once executed, Bastion will be able to commence its maiden drill program aimed at expanding gold mineralization around known historical deposits while testing several new greenfield target areas. Exploration work at the Capote Mining District continues to provide broad scale extensions to high-grade gold mineralization following the receipt of results from Bastion's due diligence rock-chip campaign on the San Juan, Resurgimento and Yayito Vein Systems. The objective of the due diligence rock-chip campaign was to confirm the tenor of gold mineralization on the San Juan, Resurgimento and other recognized vein systems. This data will provide focus for drilling design to highlight area's most likely of hosting larger, high-grade gold deposits. One-hundred and thirty (130) rock-chip samples have been collected during the due diligence campaign. The average gold grade of the 130 samples is 3.08g/t with a maximum of 33.6g/t Au. Recently, 18 Mining Licenses, totalling 11.5 square kilometres were acquired under an option agreement. The Capote Gold Project now comprises a package of 15 exploration and 39 Mining Licenses and approximately 88.5 square kilometres. The Capote Mining District was mined for over 300 years ending in 1954, when the gold price was less than US$350 per ounce.1 No modern exploration has been conducted. A total of 1.7 Moz Au at 52g/t gold is estimated to have been processed through the Capote Mining Operation from the San Juan Vein and the surrounding high-grade gold veins. The Capote Gold Project now consists of three main targets, the San Juan Vein System, Resurgimento Vein System, Yayito Vein System, and a series of earlier stage prospects where high-grade gold has been sampled at surface. The San Juan Vein System represents the largest high-grade gold bearing vein system in the district with over 1.5km of strike and mined to roughly 350m in depth. The vein system remains open at depth and along strike. The San Juan Vein System consists of three, broadly parallel veins, the San Juan Vein, the Santa Filomena Vein, and the Paulino Vein. These veins range in width from 0.5m to 5m and combined have a surface strike length of 1.9km. One-hundred and twenty-seven (127) rock-chip samples have been collected in total over the San Juan Vein System. The average gold grade of these samples is 2.03g/t Au with a maximum value of 64.4g/t Au. The Resurgimento Vein lies 1.4km east of San Juan. The vein system at Resurgimento extends for over 3km and has been mined in places to up to approx 150m in depth. Vein widths at Resurgimento range between 0.5 to 2m wide. Thirty-eight (38) rock- chip samples have been collected over the Resurgimento Vein System. The average grade of these 38 samples is 4.36g/t Au with a maximum value of 14.9g/t Au. The Yayito Vein System lies 1km south of, and along strike from the San Juan Vein System. The vein system at Yayito consists of numerous smaller veins forming a network where numerous small open pits and underground mines were operated. Veins widths range from 0.5m to 2m wide and extend for up to 500m in strike. One-hundred and fifty-eight (158) rock-chip samples have been collected over the Yayito Vein System. The average grade of these 158 samples is 1.59g/t Au with a maximum value of 16.1g/t Au. The final preparation stages of maiden drilling program are currently underway. Drilling is aimed at expanding gold mineralization around the known historical deposits at Yayito and Resurgimento veins and testing several new greenfield target areas. The Company will undertake approximately 5,000-metre diamond drilling program, with a focus on testing the shallow surface expression of multiple vein systems where high-grade gold has been returned from recent rock-chip campaigns. Recent Insider Transactions • Sep 24
Insider recently bought AU$1.0m worth of stock On the 20th of September, Levi Mochkin bought around 5m shares on-market at roughly AU$0.20 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$1.2m more in shares than they have sold in the last 12 months. Tillkännagivande • Sep 13
Bastion Minerals Limited announced that it expects to receive AUD 2.2 million in funding Bastion Minerals Limited announced a private placement of 11,000,000 common shares at an issue price of AUD 0.2 per share for gross proceeds of AUD 2,200,000 on September 13, 2021. The transaction is expected to close on September 17, 2021. The transaction will include participation from key strategic investors, such as new investors Levi Mochkin and Simon O’Loughlin as well existing sophisticated investors. Executive Departure • Sep 07
Non-Executive Chairman Ralph Stagg has left the company On the 2nd of September, Ralph Stagg's tenure as Non-Executive Chairman ended. As of June 2021, Ralph still personally held 3.46m shares (AU$622k worth at the time). Ralph is the only executive to leave the company over the last 12 months. Tillkännagivande • Jul 07
Bastion Minerals Limited Announces Completion of High-Resolution Airborne Magnetic Survey for its Garin Copper Project Bastion Minerals Ltd. reported that processing of a detailed high-resolution airborne magnetic survey has been completed for the Company's Garin Copper Project, located in the mineral-rich Atacama mining region in northern Chile. The processing and interpretation of this data has led to the identification of several large-scale outcropping porphyry targets at Garin which have been confirmed during Bastions first field campaign on the property. Highlights: 290-line-kilometres of airborne magnetic and radiometric data collected at the Garin Project · Program has corroborated multiple large-scale copper porphyry signatures at the Garin Project identified from satellite alteration mapping · Field teams have identified porphyry veining and alteration at surface coincident with the geophysical and satellite alteration features; Field mapping campaign currently underway to determine the tenor of this new porphyry discovery; New data highlights large scale alteration zones associated with existing epithermal silver and gold surface samples and shallow artisanal workings; Detailed data integration, interpretation for drill planning is underway A helicopter borne magnetic and radiometric survey has been conducted over the entire Garin Project. The objective of this survey was to map the potential porphyry related alteration systems at Garin and expand these at depth. Regional magnetics can also provide lithological and alteration information to aid in mapping the mineralized system. There are three components to the magnetic data and when processed using sophisticated modelling and self-organising maps can clearly: Separate out structures, Highlight areas that are unusual, and Identify areas where the magnetic properties of the rocks have been changed through alteration and mineralization. Bastion is applying these cutting-edge modern exploration techniques to focus on areas in the region that show similarities to known high-grade mineralization to make new discoveries. Multiple new targets have been identified already and this data will be refined and continually reviewed to assist in providing a pipeline of additional targets for Bastion geologists to map and sample in the field. Tillkännagivande • Jun 10
Bastion Minerals Limited Announces Additional High-Grade Copper Rock-Chips from Cometa Bastion Minerals Limited announced to repo that assays have been received from the second rock-chip campaign at the company Cometa Copper-Gold Project, located in the mineral-rich Atacama mining region in northern Chile. Second rock-chip sampling campaign results (86 samples) confirms extensive, widespread surface high-grade copper mineralisation at the Cometa Copper-Gold Project. The second of Bastion's field campaigns have been completed and results now received at the Cometa Copper-Gold Project targeting high-grade IOCG deposits. The second field campaign at Cometa was designed to test previously unsampled areas identified from satellite alteration mapping and airborne magnetics. These areas are characterised by strong alteration and surface copper oxide mineralisation. The historic rock- chip sampling at Cometa suggests there is strong potential for high-grade IOCG deposits in the project area but had only sampled a very small portion of the district. Eighty-six (86) further samples were collected from two additional areas at Cometa to test for IOCG style copper mineralisation (Figure 2). The Average copper grade of these samples was 0.34% Cu with a maximum of 3.08% Cu. The average silver grade of these samples was 0.97g/t Ag with a maximum of 16.6g/t Ag. Gold values were generally low with a maximum of 0.75g/t Au. IOCG deposits of the Coastal Batholith of Chile are a well-known and valuable source of
copper production. The Candelaria-Punta del Cobre district contains more than 13 Mt of contained copper. The results from these two field campaigns are designed to highlight the areas with the greatest potential for large-scale IOCG mineralisation. Detailed mapping and further sampling will be conducted in the coming months to define the edges of the IOCG mineralisation and to assess the potential for an economic deposit. From this work, trenching and drilling is being planned for third quarter 2021. Tillkännagivande • May 25
Bastion Minerals Limited Announces Widespread High-Grade Copper in Rock-Chips At Cometa Bastion Minerals Limited ("Bastion" or "the Company") reported that assays have been received for the first rock-chip campaign at the Company's Cometa Copper-Gold Project, located in the mineral-rich Atacama mining region in northern Chile. Two field campaigns have been conducted at Cometa targeting high-grade iron oxide coper gold deposits. The first field campaign at Cometa was designed to test previously unsampled areas identified from satellite alteration mapping and airborne magnetics. These areas are characterised by strong alteration and surface copper oxide mineralisation. The historic rock-chipping at Cometa suggests there is strong potential for high-grade IOCG deposits in the project area, but had only sampled a very small portion of the Project. One hundred and twenty-eight (128) samples were collected from five areas at Cometa to test for IOCG style copper mineralisation (Figure 3). The Average copper grade of these
samples was 0.51% Cu with a maximum of 4.42% Cu. The average gold grade of these samples was 0.3g/t Au with a maximum of 8.14g/t Au. The average silver grade of these samples was 8.77g/t Ag with a maximum of 109g/t Ag. IOCG deposits of the Coastal Batholith of Chile are a well-known and valuable source of copper production. The Candelaria-Punta del Cobre district contains more than 13Mt of contained copper 1. The second field campaign at Cometa is designed to expand on the observations made in field campaign one and additional targets identified from satellite alteration mapping and airborne magnetics. Eighty-Five (85) samples have been collected and submitted to ALS Chile. Results are expected in the second week of June. The results from these two field campaigns are designed to highlight the areas with the greater potential for large-scale IOCG mineralisation. Detailed mapping and further sampling will be conducted in the coming months to define the edges of the IOCG mineralisation and to assess the potential for an economic deposit before initial drilling is planned. 
