Pragma Lawyers is pleased to have advised Geko Pit Pty Ltd on the disposition of its Geko Pit Gold Mine to Beacon Minerals Ltd (ASX: BCN). The mine is located at Jaurdi, 26kms north west of Coolgardie in the Eastern Goldfields of Western Australia.
The sale nets Geko sale proceeds of $10.75m and enables Beacon to leverage its nearby processing plant, mining infrastructure and operational team to realise the potential of the mine. The transaction is contingent on Bulletin Resources (ASX:BNR) waiving their interests to and rights in the tenements.
Thanks very much to:
• Pia Drummond and Ciara Harrison from Steinepreis Paganin Lawyers and Consultants (who advised Beacon Minerals Ltd); and
• Paul Harley and Ruth Kooy from HopgoodGanim Lawyers (who advised Bulletin Resources Ltd).