Beacon Minerals Limited · ASX:BCN
Beacon Minerals — Shareholder Meeting (November 2021)
23 slides from Beacon Minerals's shareholder meeting presentation, Nov 29, 2021
Slide 1: AGM Presentation
A West Australian Gold Producer AGM PRESENTATION 29th November 2021 ASX:BCN
Slide 2: Disclaimer
Disclaimer Forward Looking Statements This ASX Presentation (Presentation) has been prepared by Beacon Minerals Limited (“Beacon” or “the Company”). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer o
Slide 3: Corporate Snapshot
Corporate Snapshot Capital Structure¹ Financial² ASX Code BCN Cash on hand (A$) $13.8 Million Share Price $0.031 Gold bullion on hand 1,172 Ounces (29th Nov 2021) Debt Nil Shares on issue 3,591 M Dividend Payments $29.5 Million Market Cap (A$) $111 Million Interim (Mar 2021) $0.002 per share Listed
Slide 4: Discovery to Production
Discovery to Production Sep 2018 Jan 2017 Aug 2018 Sep 2019 Dec 20 Sep 2021 Final Oct 2020 Oct 2021 Final Fully Lost Dog PFS First Gold 1st Tonne Acquire Project Debt Free Franked Dividend Discovery Complete Approval Poured of Gold MacPhersons 0.05 $4.5m Mar 2017 0.04 Maiden Mineral Resource 0.03 LD
Slide 5: FY 2021 Performance
FY 2021 Performance ✓DEBTS PAID - $18m in debentures paid ahead of schedule. ✓GUIDANCE Exceeded - Gold production of 30k oz - Nil current debt ✓CASH ON HAND - Cash on hand improved to $22m (+641oz Au) ✓DIVIDENDS PAID - $25m in dividends paid FY2021. Sep-20 Dec-20 Mar-21 Jun-21 FY 2021 Sep-21 Operati
Slide 6: Safety and Sustainability
Safety and Sustainability ASX:BCN SOAR ✓LTI free - Long term Lost Time injury free for the life of project ✓Upholding core values - Implemented core values to engage workforce ✓Community involvement - Implemented community funding program. ✓Reducing our carbon footprint - Investigating solar power a
Slide 7: FY 2021 Highlights
FY 2021 HIGHLIGHTS ✓Record Production - 30,095oz produced (up 52% on FY20) ✓Record Throughput - 573k DMT milled (up 50% on FY20) ✓Record Revenue - $74M (up 32% on FY20) ✓Record Net Profit - $20M , debt repaid (up 5% on FY20) ✓Record Dividends - $25M paid to share holders ✓Res & Reserves Increased -
Slide 8: Processing Plant
Processing Plant TSF Construction ✓INCREASED Tails capacity - Jaurdi TSF 3.0 years capacity - Panther TSF 0.5 years capacity - Lost Dog 4.1 years capacity - Over 7.5 years total capacity remaining ✓Water availability - Bore fields extending over 11km - Exploration identified further 4km ✓Increasing
Slide 9: Mining – Lost Dog
Mining – Lost Dog Jaurdi Processing Plant TSF Construction ✓PANEL 4 ✓PANEL 2 ✓PANEL 1 ✓PANEL 3 - Pre-Strip Commenced, - Mining completed 2021 - Mining complete - Grade Control Early overburden hauled to the new 2020 CY2022 Jaurdi TSF. - To be used as a TSF when Panel 4 mining is - Currently used as
Slide 10: Production - LOM
Production - LOM Mine Base Case - Simple mining sequence used. BCM - Currents stockpiles of 476 kt @ 1.2 g/t. - In pit tailings plan is driving the mining sequence. - LD Panel 4 => LD Panel 3 => Macphersons => Tycho => Black Cat South. - Lost Dog pits mined with 90t excavator and 45t articulated dum
Slide 11: Resources & Reserves
Resources & Reserves ✓Resources INCREASED 107% from FY 2020 - 8.4 m tonnes @ 1.22 g/t for 332 k ounces ✓RESERVE INCREASED 53% from FY 2020 - 3.9 m tonnes @ 1.36 g/t for 173 k ounces Mineral Resource Estimate 1st September 2021 Measured Indicated Inferred Total Tonnes Ounces Tonnes Ounces Tonnes Ounc
Slide 12: Exploration
Exploration ✓ 141km² Exploration Package - All prospective land holdings. - Not “cattle farmers”. ✓ FY2021 DRILLING - 38k m drilled. - 6km RC, 32km aircore. ✓ SUCCESSFUL target generation - 32km of aircore drilling across Jaurdi Project. ✓ EXTERNAL COLLABORATION - Two external targets worked in FY20
Slide 13: Exploration – Big Cat/Lynx
Exploration – Big Cat/Lynx ✓800M STRIKE REGOLITH ANOMOLY AT BIG CAT - Regolith anomaly defined over 800m - Proceeding to RC drilling. - Best result 6m @ 10.0g/t Au ✓300M - STRIKE AT LYNX SOUTH First RC hole intercepted 11m @ 1.9g/t Au in fresh rock. A C C A ASX:BCN
Slide 14: Exploration – Black Cat
Exploration – Black Cat ✓RESOURCE - EXTENSION Drilling to North and South shows strike extension from current resource - Open at depth and along strike. - 711kt @ 1.35g/t for 31k ounces in indicated and inferred resource estimate. ASX:BCN
Slide 15: Exploration - Panther
Exploration - Panther ✓FIRST PASS AIRCORE DRILLING COMPLETE - Best Result, 3m @ 4.1g/t open to the north. ✓PARALLEL STRUCTURES IDENTIFIED - Further structures defined from FY2021 Aeromag Survey. Heine’s Panther North Western Structures ASX:BCN
Slide 16: Exploration – MacPhersons Project
Exploration – MacPhersons Project 1 Bakers Find Pit 1. Mac Reward/A-CAP - 109koz Open Pit Resource East Wall - No underground resource currently reported. 2. Bakers Find - Historic open pit with gold in North dipping shear zones. - Several drill holes and reports of visible gold. 2 3. Franks Find 3
Slide 17: Exploration – MacPhersons Reward
Exploration – MacPhersons Reward Mineralised lodes Open pit Resource Estimate $2850 shell constraint (Grey) A-Cap lode MRDH431 FURTHER POTENTIAL MRDH436 2.2m @ 16.0g/t - Depth of mineralisation extends past the op resource estimate. 3.7m @ 15.2g/t MRDH427 - A-Cap lode at depth hosts HG gold intercep
Slide 18: Exploration – Baker’s Find
Exploration – Baker’s Find BAKER’S FIND Bakers Find Pit East Wall - Shear hosted gold zone associated with tonalite dyke intrusion - Mined as an open pit between 1995-97 with Basalt limited historic production data on available. - Visible gold exposed in the pit floor when backfilled waste removed i
Slide 19: Exploration – Frank’s Find
Exploration – Frank’s Find PGCL0056 2m @ 30.4 g/t from 91m LDG117 FRANK’S FIND 7m @ 2.0 g/t from 16m - Described in the 1950’s as two parallel actinolite schist hosted lodes. - Historic workings down to 50m Franks West - Similar geological setting to Barbara and Surprise to the Northeast. Franks Eas
Slide 20: Exploration – Queenslander
Exploration – Queenslander 400m QUEENSLANDER QLRC012 2m @ 3.3 g/t QRC4 10m @ 2.6 g/t - Controls on gold mineralisation poorly understood from 31m from 30m - Historic shallow workings and shafts over several prospects. - Further Auger sampling required to complete the regional soils dataset - Histori
Slide 21: Exploration – Nickel Anomaly
Exploration – Nickel Anomaly CL1 NICKEL TARGETS D1 - Potential for a Kambalda style massive nickel sulphide deposit - Same geological sequence as Nepean Nickel mine to the south. - Regolith anomaly identified by auger and aircore drilling however no further work completed since 2015 D2 - Previous 20
Slide 22: Beacon’s Vision
Beacon’s Vision Beacon will explore, discover and pursue opportunities to develop into a sustainable, long term profitable mineral producer recognised for delivering value to all its stakeholders. Delivering shareholder satisfaction by: • Growing on the solid foundations developed to date, the high
Slide 23: Thank You
Thank You THANK YOU Authorized for release by the Board of Directors. For further information contact: Graham McGarry Executive Chairman / Managing Director Email: admin@beaconminerals.com.au Phone: 0459 240 379 144 Vivian St, Boulder WA, 6432 beaconminerals.com.au ASX:BCN
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