Bastion Minerals Strengthens Rare Earth Element Presence in Sweden

Bastion Minerals Ltd (ASX:BMO) remains focused on rare earth element (REE) exploration in Sweden, and has strengthened its dominant position in the Bergslagen district.

The company has submitted applications for an additional eight property claims, more than doubling its strategic landholding to 279.5 square kilometres.

These new claims demonstrate strong potential for high-grade REE mineralisation, and contain a large number of historical magnetite workings.

Bastion will initiate field work including mapping and sampling once granted and weather permits.

High-priority areas will then be targeted for advanced exploration such as surveys and drilling.

Exploration plan

Bastion intends to use the same approach with these new properties as with the Gyttorp project, using a portable XRF to assess relative REE abundance in the field.

At the same time samples will be collected for laboratory analysis and making observations of mineral types and abundances.

It is intended to use this approach with multiple field teams.

Prospectivity of Sweden

Sweden is the home of Europe’s largest REE discovery in the Kiruna area.

Various studies by the Swedish Geological Survey and Universities confirmed that iron skarns with REE mineralisation also contain zones of high-grade copper and other elements.

These can have elevated concentrations of rare metals gallium and germanium, which are niche elements with a variety of high-tech uses.

REE targets

The claims are located along the same belt that extends over 100 kilometres through the Bergslagen district, where Bastion has already identified REE values of up to 7.27% TREE + Y and locally up to 8.5% copper.

The opportunity for Bastion is that the new claims have the potential to host similar high-grade REE mineralisation.

Activity at the Gyttorp project

The Gyttorp nr 100 Project has a highly prospective tenure package.

The presence of units with elevated REE over distances of over 500 metres in the Gyttorp property indicates the potential to develop significant tonnages of REE mineralisation.

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