Beacon Minerals Limited (AU:BCN) has released an update.
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Beacon Minerals Limited has initiated fieldwork on its Ossu and Baucau polymetallic copper projects in Timor Leste, following the successful establishment of social licences in the region. The company’s current exploration includes ground magnetic surveys and sampling, with promising initial results indicating high copper and zinc content. Additionally, Beacon Minerals has signed a non-binding term sheet with Murak Rai Timor, a state-owned enterprise, to form a joint venture for future operations.
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