General Discussion Topics, page-2645

I was reading up on Beacon Minerals recently. Current market cap = $124m @$0.033.

To me it is an interesting case study in what can be achieved in a short time frame from a reasonably low grade and low tonnage resource and highlights the massive potential of GBR's high grade (soon to be 1 million oz plus) resource.

• Paid dividends of $37.8m since March 2021 (equal to 30% of market cap)
• Resource 287 oz grading 1.18g
• Reserves 125 oz grading 1.26g
• 2023 production guidance 27,000-30,000 oz

Beacon went from discovery to maiden resource in four months and discovery to production in 2.9 years.

• May 2017 Beacon outlined a resource of 2.57m tons @ 1.81 for 149,800 oz au.
• Lodged mining applications in early 2018 and had approvals in June 2018.
• Purchased plant from KIN for $600,000
• Started building / assembling plant in late 2018 and poured first gold in September 2019.