Slide 1: $18.0M Debenture Note Issue to Bring Jaurdi Gold Project Into Production
$18.0M DEBENTURE NOTE ISSUE TO BRING JAURDI GOLD PROJECT INTO PRODUCTION TO SOPHISTICATED OR PROFESSIONAL INVESTORS ONLY DRAFT SEPTEMBER 2018 beaconminerals.com.au
Slide 2: Disclaimers
DISCLAIMERS SOPHISTICATED OR PROFESSIONAL INVESTORS Debenture Holders will be sophisticated or professional investors and as such the Beacon Minerals Limited (Beacon Minerals or the Company) will not be preparing a disclosure document, but has appointed a security trustee in accordance with Part 2L.
Slide 3: Executive Team
EXECUTIVE TEAM Executive Chairman Geoff Greenhill AWASM, MAusIMM graduated from the Western Australian School of Mines obtaining an Associateship in Metallurgy in 1973. Mr Greenhill has held various senior metallurgical roles, and has designed and commissioned ore processing facilities across Austra
Slide 4: The Value Equation
THE VALUE EQUATION • WA gold miner focused on developing the shallow, low cost Jaurdi Gold Project located 35km NW of Coolgardie • Lost Dog mineral resource 2.9Mt at 1.76g/t Au (163,100oz) • Black Cat mineral resource 0.41Mt at 1.7g/t Au (21,880oz) – not included in reserve • Pre-feasibility complet
Slide 5: Location of Jaurdi Gold Project
LOCATION OF JAURDI GOLD PROJECT 5
Slide 6: Project Mineral Resources
PROJECT MINERAL RESOURCES LOST DOG CLASSIFICATION TONNES (‘000) AU(G/T) OUNCES (‘000) Measured 30 1.6 1.5 Indicated 2,752 1.8 158.4 Inferred 101 1 3.2 Total 2,883 1.8 163.1 BLACK CAT CLASSIFICATION TONNES (‘000) AU(G/T) OUNCES (‘000) Indicated 164 1.9 9.9 Inferred 244 1.5 12.0 Total 408 1.7 21.9 Not
Slide 7: Jaurdi (Lost Dog Only) PFS Physical Metrics
JAURDI (LOST DOG ONLY) PFS PHYSICAL METRICS Mine Life (years) 5 LOM Mill Feed (Mt) 2.47 LOM Waste Mined (Mt) 4.69 LOM Strip Ratio (Waste:Ore) 1.9:1 Mineral Resource (Mt) 2.9 Mineral Reserve (Mt) 2.47 Average Head Grade (g/t) 1.9 Annual Mill Throughput (t) 500,000 Plant Recovery (%) 85 LOM Gold Produ
Slide 8: Jaurdi (Lost Dog Only) PFS Financial Metrics
JAURDI (LOST DOG ONLY) PFS FINANCIAL METRICS Key Financial Parameter* A$1,650 oz For further information, refer to the Company’s ASX announcement entitled “PFS NPV (A$M) $70.49m Results for Jaurdi Gold Project” dated 29 August 2018. Revenue (A$M)1 $208.5m Pre-Feasibility Parameters – Cautionary Stat
Slide 9: Jaurdi Open Pit Design
JAURDI OPEN PIT DESIGN Map of LOM O/P • 1200m long • Av. 180m wide • Av. 8m Ore thickness • Av. 23 Pit depth 9
Slide 10: Jaurdi Process Plant Flowsheet
JAURDI PROCESS PLANT FLOWSHEET • 0.5Mtpa throughput rate • Gold recovery 85% • Process includes primary crush, grinding (SAG & Ball Mill), carbon-in-pulp leaching • Major components acquired 10
Slide 11: Jaurdi Infrastructure
JAURDI INFRASTRUCTURE • Close proximity to Coolgardie (35km) and Kalgoorlie (75km) • Excellent access via bitumen/gravel public roads; • Ample groundwater available • Contract diesel power • Small on-site camp with the majority of personnel based in Coolgardie or Kalgoorlie 11
Slide 12: Pre-Production Activities
PRE-PRODUCTION ACTIVITIES Pre-production activities at Jaurdi would include the following; • Identification and development of a process water borefield (completed); • Mining fleet mobilisation (completed); • Construction of offices, workshops/store and camp (completed); • Clearing, grubbing and sto
Slide 13: Near Mine Exploration Targets
NEAR MINE EXPLORATION TARGETS 13
Slide 14: Corporate
CORPORATE CAPITAL STRUCTURE (1) # BCN Share Price Performance and Volume Listed Shares (BCN) 2,013.9m Listed Options (BCNOB) 498.4m BCNOB exercise $0.025 on or before 1 August 2022 Unlisted Options 80.0m ex. $0.004 on or before 31 January 2022 Unlisted Options 5.0m ex. $0.025 on or before 5 May 2019
Slide 15: Competent Persons Consent
COMPETENT PERSONS CONSENT The information in this report that relates to the Jaurdi Gold Project Mineral Resource estimation is based on information complied by Mr Richard Finch and Mr Darryl Mapleson, both full time employees of BM Geological Services. Mr Finch is a Member of the Australian Institu
Slide 16: beaconminerals.com.au
144 Vivian Street, Boulder WA 6432 PO Box 423, Kalgoorlie WA 6433 (08) 9093 2477 beaconminerals.com.au 9