Beacon Minerals reveals resource estimate

Beacon Minerals (ASX:BCN) has unveiled a substantial mineral resource estimate for the Iguana Deposit at its Lady Ida Project. The estimate reflects 17 million tonnes at a grade of 1.11 grams per tonne of gold, amounting to 609,000 ounces. This development is a significant milestone for the company.

Beacon Minerals' strategic outlook

Beacon Minerals (ASX:BCN) has made strides in its Lady Ida Project with a new mineral resource estimate for the Iguana Deposit. The resource, compliant with JORC Code guidelines, stands at 17 million tonnes at 1.11 g/t Au, totaling 609,000 ounces of gold. The resource is mostly inferred, with plans to release an ore reserve statement by year-end. The project, 33 km from Jaurdi Processing Plant, remains open at depth and poses no immediate geological challenges. Future plans include further drilling in 2025 and a pre-feasibility study. The company is focused on expanding its resource base and continues to navigate exploration risks and environmental considerations.

Executive insights from Beacon Minerals

We are thrilled to announce the maiden Mineral Resource Estimate for the Iguana Deposit at Lady Ida Project. This marks a significant step in our strategy to increase our mineral resource inventory and build resource confidence towards our one-million-ounce target.