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:

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. 

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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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