Broker Coverage

Email from Graham McGarry today:

Fellow Shareholder and Interested Parties,

We have attached analyst reports which include reference to Beacon Minerals Ltd.

We believe it is important to note

• BCN is a small to modest gold producer
• In terms of reserves and resources/$ we are perhaps at the higher end and a modest addition to resources would re rate BCN
• BCN ranks well in terms of cash banked
• We support the Euroz view that CAIC is a more important metric than AISC

We would like to express our appreciation to

• David Michael of Euroz (0417 984 805)
• Ben Willoughby of Argonaut (0407 525 144)

For keeping analysts advised of BCN progress in the gold sector in Western Australia.

The “story” is a reasonable one and worth a review by interested investors who have a strong interest in gold.

Argonaut - BCN 28 August.pdf


Euroz - BCN.pdf