Beacon Minerals Limited: Finalizes Mt Dimer Acquisition

Beacon Minerals Limited (ASX: BCN) has successfully concluded the acquisition of the Mt Dimer Project, an advanced exploration venture of significant strategic importance. Situated on approved mining leases, the project holds crucial miscellaneous licenses for ore haulage to Jaurdi Mill, positioning it as a valuable asset for Beacon. Located approximately 113 kilometers northwest of Beacon’s Jaurdi processing plant, the Mt Dimer Project is set to commence exploration drilling in March 2024. The acquisition, finalized per the terms of the Tenement Sale Agreement with Aurumin Limited and its subsidiary, Aurumin Dimer Pty Ltd, aligns consistently with the prior announcement made on October 18, 2023. Nestled in the Yilgarn Shire, about 120 kilometers northeast of Southern Cross in Western Australia, the project area boasts access via unsealed roads and an airstrip.

This acquisition marks another strategic move following Beacon's previous acquisitions of Geko tenements (December 16, 2022) and the MacPhersons Reward Project (August 24, 2021), both funded through the company's existing cash reserves. These acquisitions further bolster Beacon's position and expansion plans within the region.

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