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

JAURDI GOLD PROJECT MARCH QUARTER PRODUCTION UPDATE
• 5,273 ounces of gold produced in the March 2024 quarter
• 186,789 dry tonnes milled in the March 2024 quarter
• Mill Recovery 91.03%
• Gold sales for the quarter were 6,247 ounces at an average sale price of $3,129/oz for sale receipts
of $19.54 million
• Gold in Transit 880 ounces
JAURDI GOLD PROJECT
Beacon Minerals Limited (ASX:BCN) is pleased to provide an update of activities at the 100% owned Jaurdi
Gold Project.
Production Update
Production Units Mar-24 Dec-23 Sep-23 FY-2023 FY-2022
Waste Mined BCM 914,480 458,533 25,625 1,284,000 1,181,000
Ore Mined BCM 13,601 611 71,002 534,000 306,000
Ore Milled DMT 186,789 196,583 214,994 854,010 790,735
Gold Produced oz 5,273 6,708 7,157 29,110 29,770
Gold Sales oz 6,247 6,389 9,989 26,742 28,434
Average Gold Price p/oz 3,129 3,039 2,924 2,703 2,526
Gold Sales $mill 19.54 19.41 29.21 72.28 71.82
Production through the Jaurdi mill continued at similar levels to the previous quarter. Throughput was
affected by high viscosities associated with Panel 3 clay ore and Geko stockpiles. There is very little of the
oxide transition ores remaining to be mined at Geko and we are not anticipating these high viscosity issues
will persist when we move to mine at that location.
Mining at MacPhersons Reward Project continued;
• Ahead of schedule
• Below budgeted cost per bcm
• First ore mined
Haulage of the Geko low grade stockpiles continued during the quarter.
• Tonnes are expected to be above original estimates
• The grade of the Geko low grade stockpiles processed to date are indicating better grades than
our original estimates