trending Market Intelligence /marketintelligence/en/news-insights/trending/NhAQUl6ddkROrLrpwEc2FQ2 content esgSubNav
In This List

Beacon Minerals raising A$8M to explore Jaurdi project, Stockdale tenement

Blog

Corporate Credit Risk Trends in Developing Markets: An Expected Credit Loss (ECL) Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Video

COVID-19 Impact & Recovery: Metals and Mining Outlook for H2 2021

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Beacon Minerals raising A$8M to explore Jaurdi project, Stockdale tenement

Beacon Minerals Ltd. received firm commitments for a placement of its ordinary shares to raise A$8.0 million at 4.2 Australian cents per share.

The company said Aug. 19 that it will use the funds to accelerate its exploration and resource definition programs at its Jaurdi gold project in Western Australia and look to increase the five-year mine life.

Beacon will also accelerate exploration at its newly optioned Stockdale tenement and the recently acquired prospecting licenses P16/2925 and P16/2926.

Full production at the Jaurdi project is expected in the fourth quarter.

Meanwhile, the company appointed Alexander McCulloch an executive director for development.