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2.3¢ beacon minerals limited

Ann: Beacon Doubles Resource Inventory, Mine Life Extended, page-11

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FishingAndBeer

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19/10/21

10:28

Post #: 56898938
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Originally posted by SaberX: ↑

likely no thanks to the announcement abit confusing for those reading - the first bullet mentions a doubling of the resource and reads 156k ozs has increased to 176k. Which is not double. But the intention should read differently than the way it's written.

unfortunately not much. 60k ozs of reserves is also very small in the grand scheme of most larger sized Goldie's so I suppose the market isn't going to be overly excited.

one item to note is the resource est has increased since july but arguably how much of this is merely them dropping off the cutoff grade? If grade was higher I doubt much would have changed?

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Initial open pit Mineral Resource Estimate to contain 4.8M tonnes @ 1.14g/t Au for 176k
ounces, which more than doubles Beacon’s previous Mineral Resource Estimate of 3.7M tonnes
@ 1.33g/t Au for 156k ounces (as announced on 31 July 2021)

176 is McPhersons initial estimate not combined

BCN Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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