Bastion Minerals is placing shareholders at the centre of its revival, combining operational discipline with a shareholder-first approach six months after re-listing on the ASX.
Bastion Minerals chair Gavin Rutherford told NWR Communications there is strong alignment with investors during recent capital raises.
“Almost all of the $475,000 raised in our rights issue and placement came from existing shareholders,” he said. “It gave me assurance that shareholders are behind the way we’re executing the plan.”
The company has streamlined operations, relocating to Perth, cutting monthly overheads to around $30,000, and maintaining a board that forgoes fees.
“Our focus has been on putting capital where it matters and showing shareholders that we’re invested alongside them,” Rutherford said.
A key component of Bastion’s reset has been the board restructure. Geologist Ray Musket and Bastion’s first full-time employee Sharifa Monala bring hands-on exploration expertise, complementing the corporate and engineering skills of the board. This combination ensures strategic decisions are grounded in technical realities.
Bastion’s ICE project in Canada’s Yukon Territory demonstrates the benefits of this approach. The company secured an exploration permit, reached agreements with the Ross River Dena Council and engaged with the new pro-mining government.
Domestically, the recently acquired Ninus gold project in Western Australia is preparing for on-ground exploration, reflecting Bastion’s mantra to “explore without a passport.”
Looking ahead, Rutherford envisions six months of active exploration, early results and new partnerships to advance overseas projects.
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