Jaurdi Gold Project


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.  

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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:  

  1. Beacon paid $100,000 to purchase the ML; and
  2. Beacon paid an initial royalty of $90 per refined ounce of gold for the first 10,000 ounces produced from the tenement and $80 per refined ounce of gold produced thereafter.  

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.

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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:

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Processing Plant

The SAG mill (for further details on the SAG mill please see the Company’s ASX announcement on 14 February 2018) has been relocated to Burgess Laser Aligning’s (BLA) workshop in Kalgoorlie, Western Australia. 

BLA are specialists in the installation of grinding mills in Australia and they will oversee the refurbishment of the mill drive train, mill bearings and hydraulics prior to installing the mill at the Jaurdi Gold Project.

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25 March 2018 - Relocation of SAG Mill

The Company advises that it has purchased additional key items for the proposed processing plant including a bin, feeder and 750mm x 35m radial stacker.

The 750mm x 35mm radial stacker conveyor has been relocated to the Jaurdi Gold Project site and the stacker feed bin will be relocated prior to the Easter break.

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22 March 2018 - Relocation of the Radial Stacker

The items purchased from Leonora Gold Plant Pty Ltd, a Company owned by Kin Mining NL will be progressively relocated to the Jaurdi Gold Project site commencing in late April 2018 (for further details please see ASX release dated 22 February 2018).
 


Latest ASX Announcements

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

12.10.2018 Final Tranche of Debentures Issued a Total of $18m Raised
09.10.2018 $9.65 Million Initial Tranche of Debentures Issued
27.09.2018 Jaurdi Gold Project Update and Appendix 3B
14.09.2018 Jaurdi Gold Project Update
03.09.2018 $18M Debentures to be Issued to Bring Jaurdi Into Production
29.08.2018 Pre-Feasibility Study Results for the Jaurdi Gold Project
03.08.2018 Jaurdi Gold Project - Lost Dog Update
28.06.2018 Mining Approval Received from DMIRS
07.06.2018 Jaurdi Gold Project - Update
27.04.2018 Quarterly Activities and Cashflow Report
03.04.2018 Jaurdi Gold Project Update
22.02.2018 Major Components for Proposed Processing Plant Acquired

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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