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.






Mining of Panel 1 at Jaurdi Gold Project - 29 November 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

11.08.2020 Beacon Minerals Exploration Update
30.07.2020 Quarterly Activities and Cashflow Report
21.07.2020 Beacon Minerals Board Update
16.07.2020 Jaurdi Gold Project June Production Update
13.07.2020 Panther Mineral Resource Update
12.06.2020 Beacon's May Production Update
18.05.2020 Beacon's April Production Update
29.04.2020 Quarterly Activities and Cashflow Report
14.04.2020 Production and Exploration Update

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/Kalgoorlie Office
144 Vivian Street,
Boulder
WA 6432

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

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