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Gold|PROJECT|Resources|Operations
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Beacon takes a stake in Maximus

30th January 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed Beacon Minerals has taken a 19.82% interest in fellow-listed Maximus Resources.

The company on Monday said that it would purchase some 63.2-million shares in Maximus from shareholder Pantoro for 4.2c each, representing a 7% premium to Maximus’ closing price on January 27.

Maximus currently holds 48 km2 of tenements in Western Australia’s Kambalda district and is developing several small, high-grade operations across the tenement.

Beacon for its part, owns the Juardi gold project, within the Coolgardie region, which produced 6 418 oz of gold in the December quarter.

Edited by Creamer Media Reporter

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