Beacon Minerals Signs Option Agreement to Acquire Wealth of Nations Tenements Near Jaurdi Plant

Beacon Minerals Limited (ASX: BCN) has entered into a binding head of agreement through its wholly owned subsidiary, Beacon Mining Pty Ltd, with Corinthian Mining Pty Ltd and Blue Tiger Mining Pty Ltd to acquire a 100% interest in the historic Wealth of Nations tenements in Western Australia. The package includes tenements M16/301, M16/425, M16/486, P16/2627 (pending conversion), and M15/570 (pending), situated just 11km northwest of Beacon’s Jaurdi Gold Processing Plant, and accessible via existing haul roads.

The Wealth of Nations deposit, historically mined since 1894, has produced over 28,000 ounces of gold from underground operations, with a recent 2022 open-pit campaign yielding 1,694 ounces from 23,000 tonnes. Beacon plans to commence a 7-hole RC drilling program on 6 June 2025 to further evaluate the deposit during the option period. The acquisition aligns with Beacon’s strategy of expanding near-plant gold resources for potential future processing.

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