Ann: Quarterly Activities and Cashflow Report, page-2

All good news.

"The  initial results from the 13 bore holes indicate that the project will have sufficient groundwater  to support the operation of the processing plant. The Company controls significant tenements beyond  the current bore locations which overlay the paleo-system. If necessary additional bores could be located within  these tenements. "

"During  the  quarter  Beacon  submitted  for  approval,  with  the  relevant  departments  at  the  DWER  and  Department of Mines Industry Regulation and Safety (DMIRS), the following table of key documents for the  Jaurdi Gold Project:
- Works Approval and Licence Application  DWER
- The Mining Proposal  DMIRS
- The Mine Closure Plan  DMIRS
- The Project Management Plan  DMIRS
- The Dangerous Goods Licence  DMIRS
- The Explosives Storage Licence  DMIRS

Beacon’s  intention  is  to  commence  gold  production  at  the  Lost  Dog  deposit  this  calendar  year,  upon  receiving  the  above  approvals  the  Company  will  be  in  a  position  to  commence  site  works  for  the  construction of the Jaurdi Gold Project. "