Beacon Minerals Ltd (ASX:BCN), is an ASX-listed gold mining and exploration company proudly based in the Eastern Goldfields of Western Australia. Beacon continues to explore, discover and pursue opportunities on its path to becoming a long term, sustainable and profitable mineral producer recognised for delivering value to all its stakeholders
Beacon Minerals Ltd is an ASX gold producer (ASX:BCN) based in the Eastern Goldfields of Western Australia. Beacon Minerals has a proven track record of exploration and gold production and is currently a dividend paying gold producer.
Since the purchase of Jaurdi Gold Project leases from Fenton and Martin Mining Developments Pty Ltd in 2017 Beacon has successfully reestablished the Jaurdi Hills as a gold producing region. The maiden mineral resource was completed in 2017 for Lost Dog followed by pre-feasibility studies and project approvals through 2018. First gold was poured in 2019 from the newly commissioned 100% owned Jaurdi processing plant.
The name plate 500,000 tpa Jaurdi Processing Plant was commissioned in 2019 and has consistently over performed through continual improvisation from the Beacon processing team. Current run rates exceed 800,000 tpa and recent plant additions include a gravity gold circuit along with long term tails storage and bore fields water availability.
In 2021, Beacon acquired the 100% owned MacPherson Project in Coolgardie from Hanking Australia Investments Ltd. The MacPhersons Project added ready to mine open pit reserves from MacPhersons Reward and Tycho which can be leveraged against a rising gold price. The MacPhersons Project is within 50km of the Jaurdi Mill and offers significant exploration potential away from current resources.
Beacon Minerals moved to a owner-operator mining model to de-risk equipment availability and to capitilise on favorable finance conditions and project profitability. Beacon now owns most of its mining and crushing fleet.
From the solid foundations established to date, Beacon is now targeting a 10-year mine life with production of +50,000 oz per year. Beacon will achieve our goals of sustainable, long term mineral production through exploration discovery or external acquisition, while continuing to focus on safe and environmentally sustainable production with an engaged workforce. Beacon’s proven track record of turning exploration projects into viable and profitable gold producing assets sets the company apart and positions it well for future growth. Beacon is in a very strong position with ongoing dedication from its board, management, and employees to continue to grow and provide benefits for all stakeholders.
