Australia's Bastion Minerals jumps most since debut on projects acquisition

Vita Resources NL

20/12/2023 24:56

** Shares of Bastion Minerals  BMO.AX  rise as much as 57.1%
to A$0.022, posting their biggest intraday pct gain since IPO
debut
    ** Mineral explorer acquires two projects in Western
Australia
    ** Says co will hold 100% interest in the Morrissey Lithium
and REE project and Split Rock Dam Lithium and Gold project
    ** Adds total acquisition cost is A$1 mln ($675,800), which
will be funded via capital raising of A$2 mln
    ** Stock hits its highest level since Oct. 3
    ** More than 3.6 mln shares change hands, compared with the
30-day average volume of 104,000 shares
    ** Stock had fallen 58.9% YTD, as of last close
    

($1 = 1.4797 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com))