Ann: Update on Acquisition of the Lady Ida Project, page-2

HIGHLIGHTS
 Tenement Sale Agreement to acquire the Lady Ida Project has been executed
 Completion of the acquisition of exploration licences from Ora Banda Mining Ltd
 The Company is progressing the Notice of Meeting which will be sent to shareholders in due
course
Beacon Minerals Limited (ASX: BCN) (“Beacon” or “the Company” is pleased to advise that it has entered
into a Tenement Sale Agreement to acquire M16/262, M16/263, M16/264, L15/224, L16/58, L16/62,
L16/103 and applications L16/138 and L16/142 which together form the “Lady Ida Project” from
Lamerton Pty Ltd and Geoda Pty Ltd.
The Company further advises that it has completed the acquisition of tenements E16/475, E16/483,
E16/484 and E16/486 (the “Tenements” from Siberia Mining Corporation Pty Ltd (ABN 97 097 650 194)
(“Siberia” and Carnegie Gold Pty Ltd (ACN 117 116 097) “Carnegie”. Both are wholly owned subsidiaries
of Ora Banda Mining Ltd (ASX: OBM) (“Ora Banda Mining”.
Both of the above transactions were announced to the ASX on 24 March 2023.
These acquisitions are part of the Company’s strategy of increasing the mine life at the Jaurdi Gold Project
by acquiring projects proximal to Beacon’s existing assets that build ore reserves and complement the
current operations. This follows the recent acquisitions of the Geko Tenements located circa 15kms from
the Jaurdi Mill (refer announcement 16 December 2022) and the MacPhersons Reward Project located
circa 45kms from the Jaurdi Mill (refer announcement 24 August 2021), which were both funded out of
the Company’s existing cash reserves
Seemed to leak again mgt.