Ann: Beacon Announces Geko Project Mineral Resource, page-3

BEACON ANNOUNCES GEKO PROJECT MINERAL RESOURCE
HIGHLIGHTS
 The latest Mineral Resource Estimate for Geko Open Pit now stands at 1,378,000 tonnes @ 1.3 g/t
Au for 57,000 ounces of gold
 The Mineral Resource Estimate can be categorized into Measured (67%) 925,000 tonnes for 38,000
ounces of gold, Indicated (19.5%) 268,000 tonnes for 11,000 ounces of gold and Inferred (13.5%)
185,000 Tonnes for 8,000 ounces of gold
 The Mineral Resource Estimate is located below the existing pit floor of Geko Pit
 The Mineral Resource remains open at depth, with no known geological features that would cause
the ore body to terminate
 Geko Low Grade Stockpiles have a Mineral Resource Estimate of 326,000 tonnes @ 1.0 g/t Au for
10,000 ounces of gold, in the Measured and Indicated categories
 A Mineral Reserve is currently being prepared on the revised Geko Mineral Resource
 The Mineral Resource at Geko is 15km from the Jaurdi Mill via unsealed roads and will complement
existing milling requirements
Beacon Minerals Limited (ASX: BCN) (“Beacon” or “the Company” is pleased to advise that a Mineral
Resource Estimate (MRE) of the Geko Deposit was conducted recently for Beacon by external consultants
Entech Pty Ltd. The Mineral Resource Estimate was generated following an internal review of the Geko
Tenements.
The Geko Tenement (M15/621) was acquired by Beacon in December 2022 from Geko Pit Pty Ltd (refer
to ASX release dated 16 December 2022 ́Geko Tenements Acquired’.
In 2022, Beacon acquired the Geko Tenements from Geko Pit Pty Ltd, as part of a strategy to increase the
mine life at Jaurdi and complement existing milling capacity given the close proximity of the Geko
resource to existing infrastructure.
The Geko Gold Deposit is located 25 kilometres northwest of Coolgardie in Western Australia (Figure 1).
The Geko Pit was mined previously by Coolgardie Minerals Ltd from 2018‐2019 before going into
receivership, and then by SMS Innovative Mining Solutions Pty Ltd in 2020‐2021. Open pit mining ceased
in 2021 due to water management issues and a wall failure in the south‐west corner of the pit. There are
substantial low‐grade stockpiles remaining from previous mining. There is current access between Jaurdi
and Geko via a network of unsealed public and private roads