Ann: Jaurdi Gold Project March Quarter Production Update, page-2

I call this a stunning quarter!

JAURDI GOLD PROJECT MARCH QUARTER PRODUCTION UPDATE

- 7,540 ounces of gold produced in the March 2023 quarter
- 215,092 dry tonnes milled in the March 2023 quarter
- Mill Recovery 89.2%
- Gold sales for the quarter were 8,045 ounces at an average sale price of $2,766/oz for sale receipts of $22.26 million
- Bullion on hand/gold in transit at end of quarter totalled 1,303 ounces
- Beacon acquired 19.8% interest in Maximus Resources (ASX:MXR)
- Beacon to acquire the Lady Ida Gold Project and four additional Exploration Licences, all within close proximity to the Company’s Jaurdi Gold Processing Plant located circa 50kms West of Kalgoorlie
- Beacon proposes to issue $20 million in debentures to fund the acquisition and development of the Lady Ida Project (ASX release 24 March 2023 ‘Beacon Acquires the Lady Ida Project’