The Jaurdi Gold Project is located 35 kilometres north west of Coolgardie and is close to infrastructure, including public and private road access to Coolgardie and Kalgoorlie.
Locality of the Jaurdi Gold Project relative to the main ore deposits within the region
On 3 January 2017, the Company announced that it had executed an exclusive option to purchase the Jaurdi Gold Project comprising Mining Lease M16/529 (ML) from Fenton and Martin Mining Developments Pty Ltd (Fenton and Martin) (Option to Purchase Agreement).
The key terms of the Option to Purchase Agreement with Fenton and Martin include the following:
The pre-paid royalty of $900,000 was paid to Fenton and Martin upon the transfer of the tenement.
During the September 2017 M16/529 licence from Fenton and Martin to Beacon Minerals.
Company has also acquired tenements adjacent to the Jaurdi Gold Project, please see below diagram.
Locality diagram detailing Beacon Minerals tenement holding
Pre-Feasibility Study Results for the Jaurdi Gold Project
The Company announced on 29 August 2018 the completion of its PFS for the Jaurdi Gold Project. The PFS demonstrates an economically and technically viable project with considerable upside. The key financial parameters are tabled below:
With today’s Australian dollar spot gold price at circa $1,955, vs the $1,650 price used in the PFS, there is significant upside to the operational cash surplus outlined below.
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 is an Australian Securities Exchange listed public company (ASX Code: BCN) based in Perth, Western Australia