https://newsletter.en.creamermedia.com
Exploration|Gold|Projects|Services
Exploration|Gold|Projects|Services
exploration|gold|projects|services

Bastion resumes ASX trading with renewed focus and lean strategy

20th May 2025

By: Creamer Media Reporter

     

Font size: - +

Exploration company Bastion Minerals recommenced trading on the ASX on Tuesday, after unveiling a refreshed leadership team and a renewed strategy focusing on Australian gold assets.

The company, now led by nonexecutive chairperson Gavin Rutherford and directors Keith Ross and Ross Landles, has undergone a significant corporate restructure, with no executive personnel and directors operating in hands-on roles to minimise costs.

The board has suspended directors’ fees until Bastion reaches a A$2.6-million market capitalisation, is reviewing all contracted services, and plans to relocate its head office to a low-cost address in Western Australia.

A strategic review is under way across its assets in Chile, Sweden, Australia and Canada, with options including joint ventures or asset sales. Proceeds from any divestments will be reinvested into advancing domestic exploration opportunities, particularly in gold.

“We will crawl before we walk. We will build wealth in the company through prudence,” said Rutherford. “Our preferred direction is to unlock the potential of our overseas projects through partnerships, while domestically, we are exploring multiple early-stage gold projects under traditional earn-in models.”

Board members have committed to Bastion’s turnaround by participating in a recent capital raise, subject to shareholder approval, and have pledged not to revisit the market for funding unless necessary.

Edited by Creamer Media Reporter

Comments

Latest News

Image of Vodacom Group CEO Shameel Joosub
Strong H2 boosts Vodacom’s FY25
19th May 2025 By: Natasha Odendaal

Showroom

Essentra Components
Essentra Components

We are responsible manufacturers of essential components. Manufacturing 80 million parts a week, we have over 1 billion parts in stock.

VISIT SHOWROOM 
Flameblock
Flameblock

FlameBlock is a proudly South African company that engineers, manufactures and supplies fire intumescent and retardant products to the fire...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (16/05/2025)
16th May 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.138 0.226s - 168pq - 2rq
Subscribe Now