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Beacon Minerals ( (AU:BCN) ) has shared an announcement.
Beacon Minerals Limited has received primary approvals for the Stage 1 development of the Iguana Deposit, part of the Lady Ida Project. The approvals include the DMPE’s acceptance of the Mining Proposal and Closure Plan, as well as a Native Vegetation Clearing Permit. The company is set to commence safety regulation procedures and has outlined a comprehensive 5-year resource development strategy, which includes significant drilling activities and personnel increases. This development is expected to enhance Beacon’s resource estimates and ore reserves, with updates anticipated in the coming months. The project is poised to significantly impact Beacon’s operations by advancing towards gold production, thereby strengthening its position in the mining industry.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
More about Beacon Minerals
Beacon Minerals Limited is a company operating in the mining industry, focusing on the exploration and development of mineral deposits. Their primary focus is on gold mining, with operations centered around the Lady Ida Project, which includes the Iguana Deposit.
Average Trading Volume: 105,364
Technical Sentiment Signal: Buy
Current Market Cap: A$238.9M
See more insights into BCN stock on TipRanks’ Stock Analysis page.