BEACON MINERALS FINALISES MT DIMER PROJECT ACQUISITION

Strategic Expansion with Eyes on Exploration

Beacon Minerals Limited (ASX:BCN) has successfully completed the acquisition of the Mt Dimer Project, enhancing its portfolio with this strategically significant asset. The project lies within an accessible 113 kilometers from Beacon’s Jaurdi processing plant, a proximity that presents operational efficiencies for the company.

Key Acquisition Details:

  • The Mt Dimer Project, situated on established mining leases, brings immediate strategic value with its readiness for exploration activities slated for March 2024.
  • Consistent with the terms shared on October 18, 2023, the acquisition aligns with Beacon’s strategic growth plan, as outlined in previous announcements.

Strategic Location and Infrastructure:

  • Located in the resource-rich Yilgarn Shire of Western Australia, Mt Dimer enriches Beacon’s exploration targets within a 120-kilometer radius of the town of Southern Cross.
  • The area boasts essential infrastructure, including unsealed roads for transport and an airstrip, facilitating smooth operations.

Continued Growth:

  • This acquisition follows Beacon’s strategic additions of the Geko tenements and the MacPhersons Reward Project, both in close proximity to the Jaurdi Mill and funded through the company’s cash reserves.

Looking Ahead: Beacon Minerals is poised to commence exploration in the first quarter of 2024, bolstering its exploration endeavours and leveraging its expanded asset base to potentially uncover new resources and drive growth.

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