Vita Resources NL, formerly Bastion Minerals, has advanced its Canadian and Australian projects with new exploration agreements and acquisitions, supported by a recent capital raise. The company is gearing up for significant exploration activities in 2026 under its refreshed corporate identity.
- Exploration Consent Agreement signed with Ross River Dena Council for ICE Copper-Gold Project
- Acquisition of 100% ownership of Ninnis Gold Project in Western Australia
- Successful $475,000 share placement and $500,000 ATM equity subscription agreement secured
- Share consolidation and company name change approved by shareholders
- Maiden auger geochemistry program planned for Ninnis Gold Project in 2026
Strategic Advances in Canada
Vita Resources NL, having recently rebranded from Bastion Minerals, marked a significant milestone in the December 2025 quarter by executing an Exploration Consent Agreement with the Ross River Dena Council. This agreement secures access to the ICE Copper-Gold Project in Yukon, Canada, and establishes a collaborative framework with the Traditional Owners. With this foundation, Vita is poised to commence exploration activities in the Northern Hemisphere spring of 2026, weather permitting.
Expanding Footprint in Western Australia
On the domestic front, Vita has executed a Share Sale and Purchase Agreement to acquire full ownership of Muskwood Pty Ltd, which holds the Ninnis Gold Project in Western Australia's Northern Goldfields. This early-stage gold exploration asset covers approximately 25 square kilometres near the prolific Mount Morgans Gold Mining Centre. Historical exploration at Ninnis has been limited, with recent soil sampling revealing promising gold anomalies that warrant further investigation.
Capital Raising and Corporate Governance
To support these strategic initiatives, Vita successfully raised $475,000 through a share placement targeting sophisticated and professional investors, including existing shareholders and directors. Additionally, the company secured an At-The-Market Subscription agreement with Dolphin Corporate Investments, providing up to $500,000 in standby equity capital over three years. Shareholders also approved a 40, 1 share consolidation and the acquisition of the Ninnis Gold Project at recent general meetings. The company’s name change to Vita Resources NL reflects its broader resource focus and renewed corporate strategy.
Exploration Plans and Financial Position
Vita is preparing for a maiden auger geochemistry drilling program at Ninnis, with plans to complete approximately 1,000 holes to refine exploration targets. Meanwhile, other projects, including the Gyttorp Rare Earth Elements project in Sweden and the Harley and Mariner copper projects in Canada, remain under strategic review. The Morrisey Lithium Project in Western Australia was surrendered during the quarter. Financially, the company ended the quarter with $309,000 in cash, reflecting ongoing expenditure on exploration and corporate activities.
Outlook
With exploration consent secured in Canada, a new gold project acquisition in Australia, and fresh capital in hand, Vita Resources is positioning itself for a busy and potentially transformative 2026. The company’s diversified portfolio across multiple jurisdictions and commodities aligns with its ambition to become a leading explorer in the energy transition sector.
Bottom Line?
Vita Resources’ upcoming exploration campaigns and capital raising efforts will be critical to sustaining momentum and unlocking value.
Questions in the middle?
- What initial results will the maiden auger geochemistry program at Ninnis reveal?
- How will the company manage its cash runway given current funding levels?
- What strategic decisions will emerge from the ongoing reviews of the Gyttorp, Harley, and Mariner projects?