Ann: Beacon Acquires MacPhersons Reward Project, page-2

24 August 2021
BEACON ACQUIRES MACPHERSONS REWARD PROJECT
Beacon Minerals Limited (ASX: BCN) (BCN or the Company) is pleased to announce that it has entered
into an agreement with Primary Gold Pty Ltd (Primary Gold) whereby Beacon Mining Pty Ltd (Beacon
Mining) is to acquire all of the shares in the capital of Macphersons Reward Pty Ltd (MacPhersons
Reward).
Execution and completion of the agreement with Primary Gold occurred simultaneously.
HIGHLIGHTS
 Beacon Mining has acquired a 100% interest in the MacPhersons Reward Project, located 45km
southeast of the Jaurdi Gold Project for a cash consideration of $14.0 million.
 Mineral Resources have previously been declared at four prospects within the MacPhersons
Reward Project area.
 21km² of prospective tenements including 6 granted mining leases. There is significant upside for
additional discovery.
 Granted mining permits exist over the MacPhersons Reward, A‐Cap and Tycho gold deposits.
 Conceptual open pit mining studies by Primary Gold in 2017 and 2020 delivered positive results
based on use of third party toll milling facilities.
 The tenement assets are mine ready, with all the mining permits granted.
The MacPhersons Reward Project is located 45km southeast of the Company’s Jaurdi Gold Project and
5km southeast of the Coolgardie township. The acquisition of MacPhersons Reward represents an
importantstrategic opportunity for Beacon to optimise the value of its existing infrastructure and capture
significant operational synergies.
The MacPhersons Reward Project consists of:
 Six granted mining leases.
 Two pending mining leases.
 Nine prospecting licences (One pending extension)
 Three miscellaneous licences.
A full description of tenements is set out in Appendix 1.