Beacon Minerals Sells Stake in Maximus to Astral

Beacon Minerals Limited (AU:BCN) has released an update.

Beacon Minerals Limited has signed a deal to sell 11.99% of its stake in Maximus Resources to Astral Resources in exchange for shares, aligning with Beacon’s strategic focus on expanding its gold operations. This move supports Beacon’s evolving strategy after acquiring the Lady Ida Project, which aims to bolster resources near its Jaurdi Gold Project. Following the sale, Beacon retains a 7.72% interest in Maximus and will explore options for its remaining shares.

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