- Beacon Minerals (BCN) enters an agreement to acquire the Lady Ida project in Western Australia from Lamerton and Geoda
- The company also announced it was acquiring four additional exploration licenses from Siberia Mining Corporation and Carnegie Gold
- The tenements are located in close proximity to BCN’s Jaurdi gold project and aim to increase the mine’s life
- These latest tenement acquisitions follow a recent purchase of two new tenements from Geko
- Beacon shares last traded at 3 cents
Beacon Minerals (BCN) has agreed to acquire the Lady Ida project in Western Australia from Lamerton and Geoda.
The company also announced that it was acquiring four additional exploration licenses from Siberia Mining Corporation and Carnegie Gold, both of which are subsidiaries of Ora Banda Mining (OBM).
The acquisitions are in close proximity to Beacon’s Jaurdi gold project and will help increase the project’s mine life. The tenements being acquired are located around 50 kilometres west of Kalgoorlie.
It comes only months after the company purchased two new tenements from Geko, located around 15 kilometres from the Juardi Mill.
The company announced back in March that the latest tenement acquisitions would be funded through a debenture raising of $20 million.
Beacon shares last traded at 3 cents.