Beacon Minerals Limited: Secures Stake in Lady Ida Gold Project

Beacon Minerals Limited (ASX: BCN) has finalized a binding offer letter outlining a proposed earn-in and joint venture agreement concerning the Lady Ida Gold Project. This agreement offers Beacon the opportunity to secure up to a 100% interest in the project. Situated approximately 29 kilometers from the Company’s Jaurdi Gold Processing Plant and around 50 kilometers west of Kalgoorlie, the Lady Ida Gold Project holds strategic proximity to Beacon's existing operations.

The potential earn-in and joint venture stand to substantially extend the Company’s current mine life. Beacon confirms this development following its earlier announcement on July 20, 2023. The binding offer letter sets the terms and conditions for Beacon or its nominee to engage with Geoda Pty Ltd and Lamerton Pty Ltd (GL) in acquiring up to 100% ownership of the Lady Ida Project from GL.

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