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Tivan Limited ( (AU:TVN) ) just unveiled an update.
Beacon Minerals Limited has entered into an agreement with Tivan Ltd to sell its six concessions in Timor Leste for a total consideration of AU$500,000, comprising both cash and shares. This strategic move allows Beacon to focus on its Australian operations and supports its gold retention policy, while Tivan assumes responsibility for the concessions’ performance guarantees.
More about Tivan Limited
Beacon Minerals Limited operates in the mining industry, focusing primarily on exploration and production activities. The company has been concentrating on its Australian projects, particularly increasing production at the Jaurdi Mill, while previously holding concessions in Timor Leste.
Average Trading Volume: 2,431,436
Technical Sentiment Signal: Buy
Current Market Cap: A$424.9M
See more insights into TVN stock on TipRanks’ Stock Analysis page.