BCN 4.55% 2.3¢ beacon minerals limited

Ann: Beacon to Acquire Geko Tenements, page-8

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  1. 1,492 Posts.
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    Ok so this is what my interpretation is from this.

    BCN will give back the tenements to whoever (BNR or Habrok) if they are interested for free. They have 3 months to decide if they want the land back. So IMO BCN will mine the existing mine, do some drilling for additional pits. But by 2026 I expect BCN is have mined everything they wanted from this area.

    BCN to take over BNR JV/free carry option?

    DYOR
 
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