VITA RESOURCES NL — Capital/Financing Update 2023

Feb 26, 2023

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Bastion Minerals Ltd is pleased to provide a due diligence update subsequent to the recent optioning of the Pakwan East Lithium property in Canada. The property is located adjacent to properties hosting the high-grade PAK and Spark Lithium projects held by Frontier Lithium Inc (TSXV.FL).

Highlights

• Review of government geological data has identified a series of mapped pegmatite clusters in the property, including two clusters measuring more than 1km[2] ( Refer Figure 1 ).

• Over 45 (forty five) pegmatite clusters were mapped within the project area, 27 (twenty seven) (10h) of which have been identified as a high priority. Bastion will continue to review each target as part of its due diligence and is encouraged by these early results ( Refer Figure 1 ).

• These pegmatites suggest the granitoid complex is highly evolved and there is potential for pegmatites in the area to contain lithium. Similar pegmatites are mapped in other areas of the North Spirit Lake geological map sheet, outside of the Pakwan East properties. However, the Pakwan East properties cover one of the major area of clusters.

• Host rocks are mapped as foliated porphyritic biotite trondhjemite, biotite-hornblende trondhjemite and granodiorite and biotite trondhjemite. Clusters are composed of quartz feldspar pegmatites and muscovite garnet pegmatites in government mapping.

• Presence of these pegmatites suggests the sequence is fertile and lithium pegmatites may be present, based on the results of Frontier Lithium and the pegmatite model developed by Selway and Breaks (2006, A review of Rare-Element [Li-Cs-Ta] Pegmatite Exploration Techniques for the Superior Province, Canada, and Large Worldwide Tantalum Deposits).

• Detailed mapping and sampling of these pegmatites is a priority for Bastion.

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

Bastion Minerals Ltd ( ASX: BMO ) ( Bastion or the Company ) is pleased to provide a due diligence update on its Binding Heads of Agreement ( HOA ) with Austek Resources Pty Ltd ( Austek ) for an option to acquire three highly prospective groups of lithium properties located in Ontario, Canada, a rapidly growing lithium province ( Refer ASX announcement 20 February 2023 ).

Executive Chairman, Mr Ross Landles, commented:

“The Pakwan East project is located in a belt of high lithium prospectivity, as indicated by the widespread presence of multiple outcropping pegmatite clusters presented in government mapping, as well as nearby prospects in the belt where Frontier Lithium has defined lithium mineral resources.

“At the first available opportunity, the Company plans to be on the ground mapping and sampling the pegmatites in the optioned properties as shown on the government map, and evaluating the Bear Head Fault Zone, which passes through the property. We will keep shareholders updated on our progress.”

==> picture [488 x 345] intentionally omitted <==

Figure 1: Location of government mapped pegmatites in the Austek Resources optioned properties.

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

Pakwan East Lithium Project

The Pakwan East project comprises 17km[2] and is located east and immediately adjacent to properties owned by Frontier Lithium Inc (TSXV:FL) ( Frontier ). The project sits ~20 km from Frontier’s Spark Deposit, where Frontier recently announced drilling results[1] ( Refer Appendix 2 ).

Frontier Lithium has defined Indicated and Inferred Mineral Resources[2] of 41.8 Mt @1.54% Li2O in these two deposits. See Appendix 2 for further details of these third party exploration results.

The Frontier Lithium pegmatites are hosted in metasediments and metavolcanics within the Bear Head Fault Zone ( BHFZ or Bear Head ) along an important boundary between geological sub provinces. This is a major fault system with multiple outcropping pegmatite discoveries, and is a prime location for lithium pegmatites. Frontier Lithium is actively conducting regional exploration activities along the fault zone[3] . The BHFZ is mapped on the North Spirit Lake geological map as the North Spirit Lake Fault, however this is the same as what Frontier Lithium refer to as the BHFZ.

The Bear Head fault passes adjacent to extensive pegmatites mapped on the Ontario Government North Spirit Lake geological map, within the Pakwan East property ( Refer Figure 1 ).

In the area north of the fault, there are extensive areas mapped as foliated porphyritic biotite trondhjemite, biotite-hornblende trondhjemite and granodiorite and biotite trondhjemite. There are common occurrences of quartz feldspar pegmatite and muscovite garnet pegmatites in government mapping in the properties.

Presence of these pegmatites suggest the sequence is fertile and lithium pegmatites may be present, based on the results of Frontier Lithium and the pegmatite model developed by Selway and Breaks (2006, A review of Rare-Element [Li-Cs-Ta] Pegmatite Exploration Techniques for the Superior Province, Canada, and Large Worldwide Tantalum Deposits).

Similar pegmatites are mapped in other areas of the North Spirit Lake geological map sheet, outside of the Pakwan East properties. However, the Pakwan East properties cover one of the major clusters in the area. These pegmatites suggest the granitoid complex is highly evolved and there is potential that pegmatites in the area contain lithium.

The project area meets multiple criteria from the Selway and Breaks 2006 study for the presence of lithium pegmatites, including:

• A location along a geological sub provincial boundary;

• Presence of metasediments and metavolcanics (greenstone belts);

• Greenschist facies metamorphism, and

• Evolved granites.

Mapping and sampling of the pegmatites is planned to occur as soon as ground conditions allow access to the properties, expected to be in May. Detailed evaluation of the fault zone will be conducted to determine whether lithium-bearing pegmatites are present.

1 Refer to Frontier Lithium Inc TSX Announcement 8 Feb 2023.

2 Refer to Frontier Lithium Inc TSX Announcement 16 Feb 2021 and NI 34-101 Technical Report 5 April 2021. 3 Refer to Frontier Lithium Inc TSX Announcements 31 January 2023 and 8 Feb 2023.

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO

www.bastionminerals.com

==> picture [419 x 332] intentionally omitted <==

Figure 2: Austek Resources Project Location of Pakwan East Tenements.

==> picture [419 x 295] intentionally omitted <==

Figure 3: Austek Resources Project Locations (Ontario, Canada) and other major projects and companies. The Pakwan East property is located in the north of the map (see red box).

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

Table 1: List of properties involved in the transaction.

Project	Claim No.	Owner Client	No. Cells	Area Ha	Issue Date	Anniversary Date
McCombe North	739971	Perry English	25	509	27/07/2022	27/07/2024
McCombe North	739972	Gravel Ridge Resources Ltd	23	467	27/07/2022	27/07/2024
McCombe North	739973	Gravel Ridge Resources Ltd	18	366	27/07/2022	27/07/2024
McCombe North	739974	Gravel Ridge Resources Ltd	21	427	27/07/2022	27/07/2024
McCombe North	740025	Gravel Ridge Resources Ltd	1	20	27/07/2022	27/07/2024
McCombe North	740099	PerryEnglish	25	509	28/07/2022	28/07/2024
McCombe North	740100	Gravel Ridge Resources Ltd	25	509	28/07/2022	28/07/2024
McCombe North	740101	Gravel Ridge Resources Ltd	12	244	28/07/2022	28/07/2024
McCombe North	740102	Gravel Ridge Resources Ltd	1	20	28/07/2022	28/07/2024
McCombe North	740103	PerryEnglish	13	265	28/07/2022	28/07/2024
Pakwan East	742604	Gravel Ridge Resources Ltd	21	413	17/08/2022	17/08/2024
Pakwan East	742605	Gravel Ridge Resources Ltd	19	373	17/08/2022	17/08/2024
Pakwan East	742606	Gravel Ridge Resources Ltd	23	452	17/08/2022	17/08/2024
Pakwan East	742607	Gravel Ridge Resources Ltd	22	432	17/08/2022	17/08/2024
Raleigh Lake	733681	Gravel Ridge Resources Ltd	25	504	23/06/2022	23/06/2024
Raleigh Lake	733682	Gravel Ridge Resources Ltd	21	420	23/06/2022	23/06/2024
Raleigh Lake	733683	Gravel Ridge Resources Ltd	1	21	23/06/2022	23/06/2024
Raleigh Lake	741427	Gravel Ridge Resources Ltd	20	400	03/08/2022	03/08/2024
Total				6,351

This announcement was approved for release by the Executive Chairman of Bastion Minerals.

For more information contact:

Ross Landles ross.landles@bastionminerals.com 0438 959 144

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

APPENDIX 1 Statements and Disclaimers

Competent Person Statement

The information in this announcement that relates to exploration reporting has been prepared by Mr Murray Brooker.

Mr Brooker who is an independent geological consultant to Bastion Minerals and is a Member of the Australasian Institute of Geoscientists, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity he is undertaking to qualify as the “Competent Person” as defined in the 2012 Edition of the Australasian Code for Reporting Exploration Results, Mineral Resources and Ore Reserves . Mr Brooker consents to the inclusion in the announcement of the matters based on this information in the form and context in which it appears.

Forward-Looking Statements

Certain statements contained in this Announcement, including information as to the future financial or operating performance of Bastion Minerals and its projects may also include statements which are ‘forward ‐ looking statements’ that may include, amongst other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. These ‘forward-looking statements’ are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Bastion Minerals, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies and involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward ‐ looking statements.

Bastion Minerals disclaims any intent or obligation to update publicly or release any revisions to any forward ‐ looking statements, whether as a result of new information, future events, circumstances or results or otherwise after the date of this Announcement or to reflect the occurrence of unanticipated events, other than required by the Corporations Act 2001 (Cth) and the Listing Rules of the Australian Securities Exchange ( ASX ). The words ‘believe’, ‘expect’, ‘anticipate’, ‘indicate’, ‘contemplate’, ‘target’, ‘plan’, ‘intends’, ‘continue’, ‘budget’, ‘estimate’, ‘may’, ‘will’, ‘schedule’ and similar expressions ‐ identify forward looking statements.

All ‘forward ‐ looking statements’ made in this Announcement are qualified by the foregoing cautionary statements. Investors are cautioned that ‘forward ‐ looking statements’ are not guarantee of future ‐ performance and accordingly investors are cautioned not to put undue reliance on ‘forward looking statements’ due to the inherent uncertainty therein.

For further information please visit the Bastion Minerals website at www.bastionminerals.com

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

APPENDIX 2

This announcement makes reference to several third party announcements which were made as TSX announcements by Frontier Lithium (TSXV:FL). Bastion has not validated and is unable to validate these announcements. However, this information is material for the adjacent properties optioned by Bastion and is disclosed with references below.

The Pakwan East Project lies ~20 km east from Frontier’s Spark Deposit, where that company recently announced a significant intersection of:

• 398.25m of pegmatite averaging 1.88% Li2O (including a 23.4m zone of 3.12% Li2O)

Refer Frontier Lithium TSX-V Announcement February 8, 2023: Frontier Lithium intersects 398.25m of pegmatite averaging 1.88% Li2O, including a 23.4m zone of 3.12% Li2O.

Additional previous drilling by Frontier Lithium to the west of the Pakwan East Project returned significant results including:

• 405m @ 1.50% Li2O

Refer to Frontier Lithium TSX-V Announcement February 16, 2022: Frontier Drills 405 Metres of 1.5% Li2O from Phase X Drilling at Spark.

• 239.4m@ 1.3%Li2O at Spark in DDH PL-058-22

Refer to Frontier Lithium TSX-V Announcement July 25, 2022: Frontier Intersects 144m of High Grade Lithium Averaging 1.72% Li2O with Significant Cesium and Tantalum Zones at Spark.

• 144m @ 1.72% Li2O at Spark in DDH PL-063-22

Refer to Frontier Lithium TSX-V Announcement July 25, 2022: Frontier Intersects 144m of High Grade Lithium Averaging 1.72% Li2O with Significant Cesium and Tantalum Zones at Spark.

Frontier Lithium has defined Indicated and Inferred Mineral Resources of 41.8 Mt @1.54% Li2O in the Pak and Spark deposits.

For full information, refer to Frontier Lithium TSX-V Announcement 16 Feb 2021: Frontier Lithium PEA Demonstrates Attractive 27% IRR Pre-Tax for Lithium Chemical Production in North America’s Great Lakes Region and NI 34-101 Technical Report 5 April 2021.

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

APPENDIX 3

JORC Code, 2012 Edition – Table 1 report Section 1 Sampling Techniques and Data

CRITERIA	JORC CODE EXPLANATION	JORC CODE EXPLANATION	COMMENTARY	COMMENTARY
Sampling	•	Nature and quality of sampling (eg	•	No samples have yet been taken by the company. This is an early
techniques		cut channels, random chips, or		stage project, adjacent to third party properties with exploration
		specific specialised industry standard		results, drilling and resources. These activities have been
		measurement tools appropriate to the		conducted and disclosed publicly by a TSX:V listed company.
		minerals under investigation, such as	•	The nature of the results mentioned in this ASX release is of public
		down hole gamma sondes, or		information released by another listed company exploring in
		handheld XRF instruments, etc).		adjacent properties and disclosing their results, drilling and mineral
		These examples should not be taken		resource estimates. These results do NOT relate to activities by
		as limiting the broad meaning of		Bastion, but are relevant to the geological prospectivity of the area
		sampling.		and to Bastion acquiring the property package which is the subject
	•	Include reference to measures taken		of this ASX announcement.
		to ensure sample representivity and	•	The third party mineralisation referred to in this announcement is
		the appropriate calibration of any		related to lithium enriched pegmatite style mineralisation, for which
		measurement tools or systems used.		Bastion intends to explore in the adjacent properties for which it is
	•	Aspects of the determination of		acquiring the option described in this announcement.
		mineralisation that are Material to the
		Public Report.
	•	In cases where ‘industry standard’
		work has been done this would be
		relatively simple (eg ‘reverse
		circulation drilling was used to obtain
		1 m samples from which 3 kg was
		pulverised to produce a 30 g charge
		for fire assay’). In other cases more
		explanation may be required, such as
		where there is coarse gold that has
		inherent sampling problems. Unusual
		commodities or mineralisation types
		(eg submarine nodules) may warrant
		disclosure of detailed information.
Drilling	•	Drill type (eg core, reverse	•	Not applicable for this announcement, as no drilling has been
techniques		circulation, open-hole hammer, rotary		conducted by Bastion.
		air blast, auger, Bangka, sonic, etc)
		and details (eg core diameter, triple
		or standard tube, depth of diamond
		tails, face-sampling bit or other type,
		whether core is oriented and if so, by
		_what method, etc). _
Drill sample	•	Method of recording and assessing	•	Not applicable for this announcement, as no drilling has been
recovery		core and chip sample recoveries and		conducted by Bastion.
		results assessed.
	•	Measures taken to maximise sample
		recovery and ensure representative
		nature of the samples.
	•	Whether a relationship exists
		between sample recovery and grade
		and whether sample bias may have
		occurred due to preferential loss/gain
		of fine/coarse material.
Logging	•	Whether core and chip samples have	•	Not applicable for this announcement, as no drilling or sampling has
		been geologically and geotechnically		been conducted by Bastion.
		logged to a level of detail to support
		appropriate Mineral Resource
		estimation, mining studies and
		metallurgical studies.
	•	Whether logging is qualitative or
		quantitative in nature. Core (or
		costean, channel, etc) photography.
	•	The total length and percentage of
		the relevant intersections logged.

ABN: 19 147 948 883

ASX:BMO www.bastionminerals.com

Level 6, 22 Pitt Street Sydney NSW 2000

CRITERIA	JORC CODE EXPLANATION	JORC CODE EXPLANATION	COMMENTARY	COMMENTARY
Sub-	•	If core, whether cut or sawn and	•	Not applicable for this announcement, as no drilling or sampling has
sampling		whether quarter, half or all core		been conducted by Bastion.
techniques		taken.
and sample preparation	•	If non-core, whether riffled, tube sampled, rotary split, etc and whether
		sampled wet or dry.
	•	For all sample types, the nature,
		quality and appropriateness of the
		sample preparation technique.
	•	Quality control procedures adopted
		for all sub-sampling stages to
		maximise representivity of samples.
	•	Measures taken to ensure that the
		sampling is representative of the in
		situ material collected, including for
		instance results for field
		duplicate/second-half sampling.
	•	Whether sample sizes are
		appropriate to the grain size of the
		material being sampled.
Quality of	•	The nature, quality and	•	Not applicable for this announcement, as no drilling or sampling has
assay data		appropriateness of the assaying and		yet been conducted by Bastion. Results from third parties are
and laboratory tests		laboratory procedures used and whether the technique is considered partial or total.		provided for reference in Appendix 2. These have not been and cannot be verified by Bastion but have been reported by listed companies to the ASX and TSX:V, which control the reporting of
	•	For geophysical tools, spectrometers,		public information.
		handheld XRF instruments, etc, the
		parameters used in determining the
		analysis including instrument make
		and model, reading times,
		calibrations factors applied and their
		derivation, etc.
	•	Nature of quality control procedures
		adopted (eg standards, blanks,
		duplicates, external laboratory
		checks) and whether acceptable
		levels of accuracy (ie lack of bias)
		andprecision have been established.
Verification	•	The verification of significant	•	Not applicable for this announcement, as no drilling or sampling has
of sampling		intersections by either independent or		yet been conducted by Bastion.
and assaying	•	alternative company personnel. The use of twinned holes.
	•	Documentation of primary data, data
		entry procedures, data verification,
		data storage (physical and electronic)
		protocols.
	•	Discuss any adjustment to assay
		data.
Location of	•	Accuracy and quality of surveys used	•	The Ontario geological map, 1977, Geology of North Spirit Lake
data points		to locate drill holes (collar and down-		Area, Kenora District, report 150 documents unit 10h as quartz-
		hole surveys), trenches, mine		feldspar pegmatites and muscovite-garnet pegmatites, within a
		workings and other locations used in		broader mass of units 10a, 10b and 10c, Trondhjemite and
		Mineral Resource estimation.		granodiorite.
	•	Specification of the grid system used.
	•	Quality and adequacy of topographic
		control.

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com

CRITERIA	JORC CODE EXPLANATION	JORC CODE EXPLANATION	COMMENTARY	COMMENTARY
			•	Not applicable for this announcement, as no drilling or sampling has
				yet been conducted by Bastion. No topographic works have been
				undertaken.
Data spacing	•	Data spacing for reporting of	•	Not applicable for this announcement, as no drilling or sampling has
and		Exploration Results.		yet been conducted by Bastion.
distribution	•	Whether the data spacing and
		distribution is sufficient to establish
		the degree of geological and grade
		continuity appropriate for the Mineral
		Resource and Ore Reserve
		estimation procedure(s) and
		classifications applied.
	•	Whether sample compositing has
		been applied.
Orientation	•	Whether the orientation of sampling	•	Not applicable for this announcement, as no drilling or sampling has
of data in		achieves unbiased sampling of		yet been conducted by Bastion.
relation to geological structure		possible structures and the extent to which this is known, considering the deposit type.
	•	If the relationship between the drilling
		orientation and the orientation of key
		mineralised structures is considered
		to have introduced a sampling bias,
		this should be assessed and reported
		if material.
Sample	•	The measures taken to ensure	•	Not applicable for this announcement, as no drilling or sampling has
security		sample security.		yet been conducted by Bastion.
Audits or	•	The results of any audits or reviews	•	Not applicable for this announcement, as no drilling or sampling has
reviews		of sampling techniques and data.		yet been conducted by Bastion.

Section 2 Reporting of Exploration Results

(Criteria listed in the preceding section also apply to this section.)

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral	•	Type, reference name/number,	•	Information regarding the properties under option is provided in
tenement and		location and ownership including		Table 1 in this announcement. Details of the properties can also
land tenure		agreements or material issues with		be viewed on the Ontario Ministry of Mines website showing
status		third parties such as joint ventures,		property data.
		partnerships, overriding royalties,	•	All properties are believed to be in good standing and there is
		native title interests, historical sites,		no known impediment to operating in the area.
		wilderness or national park and
		environmental settings.
	•	The security of the tenure held at the
		time of reporting along with any
		known impediments to obtaining a
		licence to operate in the area.

ABN: 19 147 948 883

ASX:BMO www.bastionminerals.com

Level 6, 22 Pitt Street Sydney NSW 2000

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
Exploration	•	Acknowledgment and appraisal of	•	Historical exploration on the properties is unknown, but is not
done by other		exploration by other parties.		believed to have focused on lithium, which has only become of
parties				interest for exploration in recent years.
			•	The Ontario Division of mines identified two different
				mineralogical types of pegmatites in the granitic intrusive
				rocks in the properties, adjacent to a regional fault zone.
				These observations will be evaluated in the field by Bastion
				as a priority.
			•	Recent exploration on adjacent properties by third parties has
				consisted of prospecting, sampling, drilling and in some
				properties definition of lithium resources (refer to Appendix 2)
Geology	•	Deposit type, geological setting and	•	The projects are located in Archean rocks of the Canadian
		style of mineralisation.		Superior Province. The properties are located in and adjacent to
				greenstone belts, consisting of granitoids, metasedimentary and
				mafic metavolcanic rocks, in and adjacent to structural corridors
				and potentially mineralising granitoids. These are settings that
				are prospective for lithium enriched pegmatite mineralisation, as
				indicated by pegmatites within the property. However, the
				properties under option are early stage properties and it is
				uncertain whether they will actually contain lithium bearing
				pegmatites. Exploration is required to establish this.
			•	The properties are located between the Bear Head Fault Zone
				(mapped as the North Spirit Lake Fault on the North Spirit Lake
				government geological map 2362)and a branch off this.
Drill hole	•	A summary of all information material	•	Not applicable for this announcement, as no drilling or sampling
Information		to the understanding of the		has yet been conducted by Bastion.
		exploration results including a	•	Relevant third party information from adjacent properties is
		tabulation of the following information		provided in Appendix 2.
		for all Material drill holes:
		o easting and northing of the drill
		hole collar
		o elevation or RL (Reduced Level –
		elevation above sea level in
		metres) of the drill hole collar
		o dip and azimuth of the hole
		o down hole length and interception
		depth
		o hole length.
	•	If the exclusion of this information is
		justified on the basis that the
		information is not Material and this
		exclusion does not detract from the
		understanding of the report, the
		Competent Person should clearly
		explain why this is the case.
Data	•	In reporting Exploration Results,	•	Not applicable for this announcement, as no drilling or sampling
aggregation		weighting averaging techniques,		has yet been conducted by Bastion.
methods		maximum and/or minimum grade
		truncations (eg cutting of high grades)
		and cut-off grades are usually
		Material and should be stated.
	•	Where aggregate intercepts
		incorporate short lengths of high
		grade results and longer lengths of
		low grade results, the procedure used
		for such aggregation should be stated
		and some typical examples of such
		aggregations should be shown in
		detail.
	•	The assumptions used for any
		reporting of metal equivalent values
		should be clearly stated.
Relationship	•	These relationships are particularly	•	Not applicable for this announcement, as no drilling or sampling
between		important in the reporting of		has yet been conducted by Bastion.
mineralisation widths and	•	Exploration Results. If thegeometry of the mineralisation

ABN: 19 147 948 883

ASX:BMO www.bastionminerals.com

Level 6, 22 Pitt Street Sydney NSW 2000

Criteria	JORC Code explanation	JORC Code explanation	Commentary	Commentary
intercept		with respect to the drill hole angle is
lengths		known, its nature should be reported.
	•	If it is not known and only the down
		hole lengths are reported, there
		should be a clear statement to this
		effect (eg ‘down hole length, true
		_width not known’). _
Diagrams	•	Appropriate maps and sections (with	•	Appropriate maps are provided in the body of this
		scales) and tabulations of intercepts		announcement and supplemented by third party information and
		should be included for any significant		references in Appendix 2.
		discovery being reported These
		should include, but not be limited to a
		plan view of drill hole collar locations
		and appropriate sectional views.
Balanced	•	Where comprehensive reporting of all	•	Appropriate maps are provided in the body of this
reporting		Exploration Results is not practicable,		announcement. This information is supplemented by relevant
		representative reporting of both low		third party information and references in Appendix 2 that
		and high grades and/or widths should		provides readers with additional context regarding the properties
		be practiced to avoid misleading		under option.
		reporting of Exploration Results.
Other	•	Other exploration data, if meaningful	•	To the best of our knowledge, no meaningful and material
substantive		and material, should be reported		exploration data have been omitted from this ASX
exploration data		including (but not limited to): geological observations; geophysical		announcement.
		survey results; geochemical survey
		results; bulk samples – size and
		method of treatment; metallurgical
		test results; bulk density,
		groundwater, geotechnical and rock
		characteristics; potential deleterious
		or contaminating substances.
Further work	•	The nature and scale of planned	•	Bastion is developing a work program for the properties in order
		further work (eg tests for lateral		to undertake exploration on the ground as soon as seasonal
		extensions or depth extensions or		conditions allow.
		large-scale step-out drilling).	•	Work will consist of compilation of satellite imagery and other
	•	Diagrams clearly highlighting the		remote sensing data sets, prior to conducting prospecting,
		areas of possible extensions,		mapping and sampling on the ground.
		including the main geological	•	Updates of exploration will be provided as the program
		interpretations and future drilling		advances and collection of geophysical data will be considered
		areas, provided this information is not		for integration in the program. .
		commercially sensitive.

ABN: 19 147 948 883 Level 6, 22 Pitt Street Sydney NSW 2000

ASX:BMO www.bastionminerals.com