Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Beacon Minerals ( (AU:BCN) ) has provided an update.
Forrestania Resources has expanded its Mt Dimer Hub through the acquisition of three mining leases and one exploration licence from Beacon Minerals for $50,000 in cash, while also securing pre‑emptive rights over Beacon’s remaining Mt Dimer tenure – two mining leases and four miscellaneous licences – for an additional $150,000. The newly acquired ground, located north of Forrestania’s existing holdings and proximal to the Dimer‑Jackson Fault, consolidates the company’s footprint in a highly prospective segment of the Marda‑Diemals Greenstone Belt, reinforcing its regional exploration strategy and potentially enhancing future resource growth opportunities at Mt Dimer.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$2.50 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
Forrestania Resources Ltd is an ASX-listed exploration company focused on gold and other mineral discoveries in Western Australia, with key projects located in the Marda-Diemals Greenstone Belt within the Southern Cross Domain of the Yilgarn Craton. Its Mt Dimer Hub targets orogenic gold mineralisation hosted in Archean quartz lode structures, lateritic and supergene zones, in a structurally and geologically prospective setting accessible via established regional infrastructure.
Average Trading Volume: 76,902
Technical Sentiment Signal: Buy
Current Market Cap: A$283.1M
For detailed information about BCN stock, go to TipRanks’ Stock Analysis page.