BEACON MINERALS ORD
Aurumin updates market on sale of Mt Dimer gold project to Beacon Minerals
Junior explorer Aurumin (ASX: AUN) has confirmed that Beacon Minerals (ASX: BCN) has completed the due diligence part of an acquisition agreement over the Mt Dimer mining leases and miscellaneous licences in Western Australia. The companies are still required to execute access agreements, assign or novate all relevant third-party agreements, obtain necessary regulatory, statutory and […]
Market wrap: ASX 200 plunges below 7000 on rising Middle East tensions and bond yields
A combination of worsening tensions in the Middle East, rising US bond yields and falling US shares led to an almost across-the-board wipeout on the Australian market on Friday. The 7000-point marker was left way back in the rear vision mirror as the ASX 200 fell 96 points, or 1.4% to 6981.6 points at the […]
Aurumin unloads Mt Dimer gold tenements to Beacon Minerals in a winning deal for both companies
Aurumin (ASX: AUN) is set to get a major cash infusion after signing a binding sale agreement whereby Beacon Minerals (ASX: BCN) will buy its Mt Dimer gold tenements located 120km northeast of Southern Cross, Western Australia. One of the two historical mines at Mt Dimer, Golden Slipper, was mined in the 1990s and produced […]
Beacon Minerals anticipates first bullion within weeks to take advantage of prevailing gold price
Beacon Minerals (ASX: BCN) is on track to becoming Australia’s next gold producer with commissioning underway at the Jaurdi processing facility and first gold bullion imminent. In Beacon’s latest commissioning update, it revealed mill throughputs were running 20% above the pre-feasibility study prediction. Additionally, recoveries have been exceeding 90% and are 5% higher than the […]
