Bastion Minerals Ltd. (ASX: BMO) has announced plans to acquire the Ninnis Gold Project in Western Australia, marking a strategic expansion of its exploration portfolio in one of the world’s most resource-rich regions. The move underscores the company’s growing focus on high-potential gold assets across Australia’s premier mining jurisdictions.
The Ninnis Project, located in the Yilgarn Craton — a region renowned for its prolific gold deposits — covers several tenements with strong geological indicators of mineralization. Early exploration data suggests the presence of high-grade gold anomalies, positioning the project as a promising addition to Bastion’s exploration pipeline.
In a statement, Bastion Minerals Managing Director Ross Landles said, “The acquisition of Ninnis represents a significant opportunity to expand our footprint in a world-class mining province. Our team believes the project holds the potential for large-scale gold discoveries that can deliver long-term value to shareholders.”
Under the acquisition terms, Bastion will make staged payments and issue performance-based shares upon achieving key exploration milestones. The company also plans to commence an initial drilling and sampling program in early 2026 to confirm historical findings and define new targets.
Industry analysts have welcomed the acquisition, noting that it aligns with the recent trend of mid-tier explorers consolidating assets in Western Australia amid strong gold price support and investor appetite for discovery-stage projects.
Shares of Bastion Minerals saw modest gains following the announcement, reflecting positive market sentiment toward the company’s expansion strategy. With this move, Bastion strengthens its position in Australia’s competitive gold exploration sector and reinforces its commitment to sustainable and high-impact resource development.