Beacon Minerals (ASX:BCN) has completed the divestment of its non-core Mt Dimer tenement package in Western Australia to Forrestania Resources (ASX:FRS), as of 2 April 2026.
The sale agreement comprises mining and exploration tenements M77/965, M77/958, and E77/2518, along with associated mining information, making up the Mt Dimer package.
Forrestania will attain 100% of the package, after paying a total consideration of $200,000.
The total consideration comprises a $50,000 purchase consideration and a $150,000 exclusivity consideration.
Beacon says the divestment of this portfolio is consistent with its strategy of portfolio rationalisation, which intends to allow the company to prioritise monetising non-core assets, as well as reducing ongoing holding and compliance costs.
Funds received from Forrestania will be applied to working capital.
Beacon Minerals is an Australian gold producer based in the Eastern Goldfields of Western Australia.
Write to Maddison Elliott at Mining.com.au
Images: Beacon Minerals
