Welcome to Beacon Minerals Limited


BEACON MINERALS LIMITED (ASX:BCN) IS AN AUSTRALIAN SECURITIES EXCHANGE LISTED PUBLIC COMPANY WITH ITS OPERATIONAL OFFICE IN KALGOORLIE, WESTERN AUSTRALIA.

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                                                                   Jaurdi Gold Project – 19 June 2019





Beacon Minerals Limited's current focus is at the Jaurdi Gold Project and transitioning from mining of the Lost Dog Pit to construction of the processing facility and associated infrastructure.

Beacon announced on 19 June 2019 that the commissioning phase has commenced at the Company’s 100% owned Jaurdi Gold Project, located circa 35kms northwest of Coolgardie. Commissioning will progressively ramp up with full production expected in Q4 2019.

Pre-feasibility Study (PFS)

The Company released its PFS results to the market on 29 August 2018 which outlined the following key metrics which lead to proceed to the decision to mine:

• 500,000tpa processing capacity;
• Processing an estimated 2.5Mt @ 1.9g/t (148koz)2 will deliver 126koz of recovered gold;
• Pre‐production capital cost of $21.4M;
• Pre‐production payback period 11 months;
• Ore Reserves provide a mine life of 5 years which is likely to increase with the inclusion of the Black Cat Resources and exploration upside;
• Forecast Life of Mine (LOM) revenue $208.5M and surplus operating cash flow of $98.4M at $1,650/oz. gold price;
• Development of one shallow, low strip ratio open pit provides a low mining cost with an extremely low pre‐stripping cost;
• LOM operating cash cost (C1) of A$830/oz;
• LOM All‐In‐Sustaining Cost (AISC) of A$870/oz;
• NPV A$70.49M (before tax);
• IRR of 75% (before tax); and
• Carried forward Australian tax losses of approximately $17M up to and including 30 June 2017.

With Australian dollar spot gold price at circa $1,955 (20 June 2019), vs the $1,650 price used in the PFS, there is significant upside to the operational cash surplus outlined above. For full details of the PFS, please refer to the PFS announcement dated 29 August 2018






Latest ASX Announcements

Click on the links below to download PDF versions of the latest Beacon Minerals Limited ASX Announcements

20.06.2019 Commissioning Commences for Australia's Next Gold Producer
31.05.2019 Beacon Minerals Entitlement Issue
29.05.2019 Rights Issue Results & Commissioning & Exploration Update
30.04.2019 Quarterly Activities and Cashflow Report
09.04.2019 Non-Renounceable Entitlement Issue Prospectus
09.04.2019 $7.1 Million Underwritten Non-Renounceable Entitlement Issue
01.03.2019 Update at Jaurdi Gold Project
31.01.2019 Quarterly Activities and Cashflow Report
12.10.2018 Final Tranche of Debentures Issued a Total of $18m Raised
09.10.2018 $9.65 Million Initial Tranche of Debentures Issued

Beacon Minerals Limited Share Price
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ASX Code: BCN




Beacon Minerals Limited

Beacon Minerals Limited is an Australian Securities Exchange listed public company (ASX Code: BCN) based in Perth, Western Australia

Registered Office
1/115 Cambridge St
West Leederville
WA 6007

Phone: (08) 9322 6600
Fax: (08) 9322 6610

Kalgoorlie Office
144 Vivian Street,
Boulder
WA 6432

Phone: (08) 9093 2477
Email: admin@beaconminerals.com

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