BEACON MINERALS LIMITED(BCN)

The following Options of Beacon Minerals Limited will be reinstated to quotation immediately. Security class code: BCNOD.

The following Options of Beacon Minerals Limited will be suspended from the commencement of trading on 31 October 2024 under Listing Rule 17.3 pending confirmation of the conditions of quotation for BCNOD. Security class code: BCNOD.

The suspension of trading in the securities of Beacon Minerals Limited will be lifted from the commencement of trading on Friday, 2 August 2024 following lodgement of its June 2024 Quarterly Activities Report.

The company lodges its Quarterly Activities Report.

The securities of the Company will be suspended from quotation under Listing Rule 17.5 from the commencement of trading today, Thursday, 1 August 2024, for not lodging the relevant periodic report by the due date. If the report is lodged between the closure of the market announcements office on Wednesday, 31 July 2024, and the imposition of the suspension, the entity's securities will normally be reinstated to quotation on the next trading day after the suspension is imposed.

The suspension of trading in the securities of Beacon Minerals Limited will be lifted immediately, following the release by BCN of an announcement in relation to the status of the Lady Ida Project acquisition.

ASX advised Beacon on 19 June 2023 that the Acquisition is an acquisition to which ASX Listing Rule 10.7 applies. ASX Listing Rule 10.7 requires that the consideration for the Acquisition cannot be cash and can only consist of the issue of restricted securities in the Company. As a result of this decision by ASX, the proposed Acquisition cannot proceed in its current form. The Board is reviewing potential alternatives to acquire the tenements contemplated under Acquisition as the Board continues to believe that an Acquisition would be in the best interests of shareholders.

7,596 ounces of gold produced in the June 2023 quarter. 206,797 dry tonnes milled in the June 2023 quarter. Mill Recovery 90.3%. Gold sales for the quarter were 4,443 ounces at an average sale price of $2,987/oz for sale receipts of $13.27 million. Bullion held at the Perth Mint as at 30 June 2023 was 3,316 ounces. Subsequent to the year end, the 3,316 ounces was sold at $2,875/oz for sale receipt of $9.53 million. Gold in Transit 1,265 ounces. Beacon completed the acquisition of 4 Exploration Licences from Ora Banda Mining Ltd.

Beacon requests that the voluntary suspension last until the earlier of the Company making an announcement to the market regarding the status of the Lady Ida Project acquisition and the commencement of normal trade on Friday, 21 July 2023.

Beacon requests that the voluntary suspension last until the earlier of the Company making an announcement to the market regarding the status of the Lady Ida Project acquisition and the commencement of normal trade on Wednesday, 19 July 2023.

The securities of Beacon Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BCN, pending the release of an announcement in relation to the status of the Lady Ida Project acquisition.

The company releases a notice of proposed issue of securities.

The suspension of the company's securities will be lifted from the commencement of trading on 27 March 2023, following the release by BCN of an announcement regarding a material project acquisition.

Beacon agrees to acquire the Lady Ida Gold Project and four additional Exploration Licences all within close proximity to the Company's Jaurdi Gold Processing Plant located circa 50kms West of Kalgoorlie. The acquisitions equate to over 100km2 of tenure and significantly expands Beacon's footprint in the well-renowned gold district, with Lady Ida being only 29kms from the Jaurdi Mill. The acquisitions are expected to increase the Company's existing mine life. Significant exploration upside also exists on the exploration licences acquired including a number of walk-up gold targets the Company plans to follow up on in the near term. $20 million in debentures to be issued to fund the acquisitions and development.

Beacon requests that the voluntary suspension last until the earlier of the Company making an announcement to the market regarding the proposed transaction and the commencement of normal trade on Friday, 24 March 2023.

The securities of Beacon Minerals Limited will be suspended from quotation immediately under Listing under Listing Rule 17.2, at the request of BCN, pending the release of an announcement regarding a material project acquisition.

Mr Alexander McCulloch, a former project manager at Beacon Minerals Limited (Beacon Minerals) and Mr Darryl Brian Mapleson, who provided geological services to the company, have both appeared in the Perth Magistrates' Court today charged with insider trading. Mr McCulloch has been charged with two counts of insider trading after allegedly encouraging two associates to purchase shares in Beacon Minerals while allegedly in possession of inside information. Mr Mapleson has been charged with three counts of insider trading regarding the alleged purchase of 12,792,850 Beacon Minerals shares between 19 and 24 January 2017 while allegedly in possession of inside information. At the time, Mr Mapleson was engaged by Beacon Minerals to act as its Competent Person for the making of announcements to the Australian Securities Exchange (ASX) regarding drilling results. The inside information allegedly possessed by Mr McCulloch and Mr Mapleson related to results from the stage one drilling programme at Beacon Minerals' Jaurdi Gold Project, which had not yet been announced via the ASX. When an announcement was made by the company on 31 January 2017, the company's share price increased by 33 per cent. Mr Mapleson's matter has been adjourned to 4 June 2021. Mr McColloch's matter has been adjourned to 2 July 2021.

The securities of Beacon Minerals Limited will be reinstated to official quotation immediately following the release of an announcement regarding the Company's assessment of laboratory test work on the PQ diamond drill core samples.

The company provides an update on the Jaurdi Gold Project. Beacon have executed the option to purchase the Jaurdi Gold Project from Fenton and Martin Mining Developments Pty Ltd on the 30 March 2017. On 30 March 2017 Beacon Minerals Limited and the Vendor executed the documentation for the purchase of the mining lease ML16/529 and will now apply to the Minister of Mines for the tenement transfer approval.  

The securities of Beacon Minerals Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

listed entity carried for record purposes only