Beacon Minerals Limited · ASX:BCN
Beacon Minerals — Shareholder Meeting (November 2025)
30 slides from Beacon Minerals's shareholder meeting presentation, Nov 26, 2025
Slide 1: Annual General Meeting Presentation
Investor Presentation Annual General Meeting Presentation 26 November 2025 ASX: BCN | Beacon Minerals Limited www.beaconminerals.com.au
Slide 2: About Beacon Minerals Limited
About Beacon Minerals Limited STRATEGY BUSINESS MODEL GROWTH PLATFORM Focused on delivering operational Operating a low-cost gold A strong, profitable production base at excellence at Jaurdi through production model, generating Jaurdi, providing the cash flow and disciplined mine planning, efficient
Slide 3: Investment Highlights
Investment Highlights Proven Production Hub • Established processing infrastructure delivering consistent throughput and underpinning long-term operational stability • Efficient design supports strong recoveries, low operating costs and the ability to integrate additional ore sources Strong, Consist
Slide 4: Production, Development and Exploration
PRODUCTION, DEVELOPMENT AND EXPLORATION ASX: BCN | Beacon Minerals Limited 4
Slide 5: Operations - MacPhersons
Operations - MacPhersons MacPhersons Reward - Mining • Mining commenced in October 2023 • Total material mined – 2,000,000 m³ • Total ore mined – 947,000 tonnes • Total ozs mined – 30,000 ozs (contained) • Mining completion – January 2026 • Site rehabilitation completion – February 2026 October 2024
Slide 6: Jaurdi Processing Plant
Jaurdi Processing Plant Carbon-in Pulp (CIP) Gold Treatment Facility Production Capacity • 1 million tonnes annualized Tails Capacity • Lost Dog 3.5 years capacity • Jaurdi TSF 1.5 years capacity • 5 years total tails capacity remaining Plant Optimisation • External engineering group have delivered
Slide 7: 2025 Mineral Resource Statement
2025 Mineral Resource Statement Mineral Resource Estimate by Deposit Measured Indicated Inferred Total Project Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (‘000s) (g/t Au) (‘000s) (‘000s) (g/t Au) (‘000s) (‘000s) (g/t Au) (‘000s) (‘000s) (g/t Au) (‘000s) Lady Ida
Slide 8: 2025 Ore Reserve Statement
2025 Ore Reserve Statement Ore Reserve by Deposit Proved Probable Total Project Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (‘000s) (g/t Au) (‘000s) (‘000s) (g/t Au) (‘000s) (‘000s) (g/t Au) (‘000s) Lady Ida (JV) - Iguana 181 1.6 9 3,549 1.1 126 3,730 1.1 135 Black Cat South 0 0.0 0
Slide 9: Lady Ida Iguana Deposit
LADY IDA IGUANA DEPOSIT ASX: BCN | Beacon Minerals Limited 9
Slide 10: Lady Ida JV
Lady Ida JV Lady Ida JV • Earn-In, JV and Tenement Transfer Agreement for the Lady Ida Project refer to ASX releases dated 6 December 2023 • Satisfaction of Lady Ida CPs on 4th September 2024 • Geoda Pty Ltd and Lamerton Pty Ltd (G&L) are related parties of Beacon Earn-in • Beacon will manage the La
Slide 11: Lady Ida - Iguana Deposit
Lady Ida - Iguana Deposit Lady Ida JV • Earn-In, JV and Tenement Transfer Agreement for the Lady Ida Project refer to ASX releases dated 6 December 2023 • Satisfaction of Lady Ida CPs on 4th September 2024 • Commencement of Earn-in Stage Pre-Feasibility Study & • Mineral Resource Estimate of 17 mill
Slide 12: Lady Ida – Iguana Deposit – Resource Development
Lady Ida – Iguana Deposit – Resource Development RC Drilling occurring within the Iguana Deposit 5 Year Resource Development plan FY 2026 Resource Development plan • 5 Year Resource Development plan • 40,000 metres of RC commenced early • Primary focus on converting Inferred October 2025 Mineral Res
Slide 13: Iguana Milestones
Iguana Milestones 2025 2026 MILESTONE DEC JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV Iguana Mineral Resource Update Iguana Ore Reserve Update Resource Development Drilling Iguana 2026 Mineral Resource Iguana 2026 Ore Reserve BCN 2026 Integrated LOM Resource Development Drilling Iguana Site Works Ig
Slide 14: Lady Ida – Iguana Deposit - Laterite Drill Program
Lady Ida – Iguana Deposit - Laterite Drill Program Laterite Drill Program • 232 air core drill hole program (2,343 metres) • 217 air core drill hole program (2,572 metres) • Results confirm the presence of near-surface Laterite hosted gold, at grades suitable for an initial low-cost mining operation
Slide 15: Lady Ida – Iguana Deposit – Stage 1 GC Drill Program
Lady Ida – Iguana Deposit – Stage 1 GC Drill Program Stage1 GC Drill Program • 201 reverse circulation drill hole program (10,854 metres) targeting grade control infill drilling • Significant high-grade mineralisation intersections include: • 2 metres @ 42.65 g/t gold from 25 metres (IGGC100) • 3 me
Slide 16: Lady Ida – Iguana Deposit – Stage 2 GC Drill Program
Lady Ida – Iguana Deposit – Stage 2 GC Drill Program Stage 2 GC Batch 1 Drill Program • 298 reverse circulation drill hole program (16,506 metres) targeting grade control infill drilling • Beacon received the first batch of 2,970 assay results • Significant high-grade mineralisation intersections in
Slide 17: Lady Ida – Iguana Deposit – Northwest Corridor
Lady Ida – Iguana Deposit – Northwest Corridor Northwest Corridor • The Iguana stage 2 grade control drill program has identified a high-grade mineralised corridor in the Northwest of the Iguana Stage 1 Pit • IGGC_210 • 2 metres @ 21.90g/t gold from 18 metres • 5 metres @ 39.33 g/t gold from 49 metr
Slide 18: Lady Ida – Iguana Deposit – Stage 2 GC
Lady Ida – Iguana Deposit – Stage 2 GC Stage 2 GC Batch 3 • Significant high-grade mineralisation intersections include: • 10 metres @ 69.9 g/t gold from 40 metres (IGGC_533) • Including 1 metre @ 593.0 g/t gold from 41 metres • Including 1 metre @ 42.1 g/t gold from 42 metres • Including 1 metre @
Slide 19: Lady Ida – Iguana Deposit – Diamond Drill Program
Lady Ida – Iguana Deposit – Diamond Drill Program Diamond Drill Program Key Findings • 8 Geotech Diamond Drill holes, targeting pit wall positions • Two distinct major “In-Situ” mineralisation at the Iguana deposit, with a total of 1,982 metres of HQ3 and PQ3 styles were identified: • Significant hi
Slide 20: Growth Potential – Lady Ida
Growth Potential – Lady Ida Lady Ida Project • Located 43km North-West of Beacon’s Jaurdi Processing Plant • 3 mining tenements are subject to Beacon Minerals joint venture agreement with Geoda-Lamerton • 4 exploration tenements • Contains the Iguana (M16/262) and Lizard deposits (M16/264) • Favoura
Slide 21: Growth Potential – Mount Dimer
Growth Potential – Mount Dimer Mount Dimer Project • Located 113 kilometers north-west of Beacon’s Jaurdi processing plant. • Mt Dimer Gold Project is located on tenements M77/0427 and M77/0428 • 13 tenements, including 5 mining tenements • Lightning and Golden Slipper Deposits already well drilled
Slide 22: Growth Potential - Geko
Growth Potential - Geko Geko Project • Tenements are located 26km NW of the township of Coolgardie and 15km SSW of Jaurdi Gold Processing Plant • Acquisition of mining lease M15/0621 and miscellaneous licence L15/0355 • Part of Beacon’s strategy is to increase the mine life at Jaurdi • Build mine Re
Slide 23: Growth Potential - Wealth of Nations
Growth Potential - Wealth of Nations Wealth of Nations Project • The tenements are located 11 km NW of Beacon’s Jaurdi processing plant • At settlement, payments totalling $1,400,000 for the tenements and reimbursements of mining expenses incurred on the tenements by Corinthian Mining Pty Ltd • Beac
Slide 24: Growth Potential - MacPhersons Reward
Growth Potential - MacPhersons Reward MacPhersons Reward Project • Located 38km South of Beacons Jaurdi Gold Processing Plant, with access via all weather roads • Comprised of 12 tenements, of which 6 are mining tenements • • Contiguous land holding of 12.46km2 within the Coolgardie Gold District •
Slide 25: Corporate Overview
CORPORATE OVERVIEW ASX: BCN | Beacon Minerals Limited 25
Slide 26: FY2025 Performance Highlights
FY2025 Performance Highlights Gold Produced (ounces) Average Gold Price ($) Ounces on Hand 25,639 $4,327 4,522 +11% +40% +477% ASX: BCN | Beacon Minerals Limited 26
Slide 27: Company Overview
Company Overview Company Snapshot ASX Code BCN Share Price¹ 2.45 Shares on Issue¹ 105,852,783 Market Capitalisation¹ 256.16M Executive Team Executive Chairman/Managing Graham McGarry Director Non-Executive Director Geoffrey Greenhill 4% Non-Executive Director/Company Institutions Sarah Shipway 21% S
Slide 28: Focus – FY2026
Focus – FY2026 Operational Excellence • Maintain strong performance by meeting guidance, managing costs, and enhancing safety. • Operate consistently to industry-best practice standards. High Impact Exploration • Resource Development drill program at Lady Ida – Iguana deposit focusing on converting
Slide 29: 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 30: Competent Persons Consent
Competent Persons Consent Competent Persons Statement – Previously Released Announcements The information in the report relating to the exploration results and targets have been compiled by Lachlan Kenna BSc (Hons) MAusIMM. Mr. Kenna has sufficient experience which is relevant to the style of minera
Beacon Minerals — Shareholder Meeting (November 2025) on 6ix