Email from MD Graham this morning:
Fellow Shareholders and Interested Parties,
We have attached a presentation made by Beacon at the Fremantle RIU conference on Thursday 16th February.
We are of the view that BCN have made good progress over 6 years –
- Established the Jaurdi gold processing facility which operates at +60% higher throughput than the PFS
- Repaid debt to fund the facility 12 months early
- Paid dividends to shareholders of $37.8million since March 2021
- Purchased MacPhersons Reward gold deposit
- Purchased Geko gold deposit and stockpiles
- Invested in Maximus Resources, a junior explorer with prospective gold tenements south of Coolgardie
- Strong site management with established procedures and short pathway to Board
- FY 2023 gold production guidance lifted
- TSF storage increased to 7 years
- Commissioning of 100 tonne trucks to enhance owner miner model
- Established a presence in Timor-Leste
In my view Beacon and the team have demonstrated a track record and established a strong base to maintain our existing business at Jaurdi in testing conditions post Covid 19 and the present commodities boom!
Regards
Graham
