Beacon Minerals Limited (ASX:BCN) entered into a binding sale agreement to acquire Mt Dimer Mining Tenements from Aurumin Mt Dimer Pty Ltd for AUD 3 million on October 18, 2023. Beacon will fund the costs of the acquisition using its current cash reserves. Funds received from the sale will be used to reduce the outstanding balance of the Convertible Note held by Collins Street Asset Management Pty Ltd. Completion is subject to due diligence, execution of formal sale agreement, royalty agreement and access agreements, obtaining all necessary regulatory, statutory and ASX approvals. As of November 15, 2023, conditions completed include - Beacon completing due diligence, execution of formal sale agreement and execution of the royalty agreement. Transaction is expected to complete on or before December 15, 2023.

Beacon Minerals Limited (ASX:BCN) completed the acquisition of Mt Dimer Mining Tenements from Aurumin Mt Dimer Pty Ltd in December 22, 2023.