Beacon Minerals Limited announcement

Beacon Minerals Limited (ASX:BCN) has appointed Mr Brett Hodgins as a Non-Executive Director, fulfilling a condition precedent to the Earn-In, JV and Tenement Transfer Agreement. The agreement involves Beacon Mining earning up to 50% beneficial ownership in the Lady Ida Project, forming an unincorporated joint venture with Geoda and Lamerton, and acquiring 100% legal and beneficial ownership of the Lady Ida Project. The appointment of Mr Hodgins, who brings over 25 years of professional experience in the resources sector, marks a significant development for Beacon Minerals Limited.

Executive Commentary

Mr Brett Hodgins' appointment to the Board of Beacon Minerals Limited as a Non-Executive Director is a strategic move to strengthen the company's leadership and governance. With his extensive experience in exploration and mining operations, including roles as President and CEO of TSX-V listed Central Iron Ore Ltd, Mr Hodgins is well-equipped to contribute to Beacon Minerals' growth and development. His appointment aligns with the company's commitment to enhancing its technical expertise and operational capabilities.

Summary of Announcement

Beacon Minerals Limited has successfully appointed Mr Brett Hodgins as a Non-Executive Director, meeting a key requirement of the Earn-In, JV and Tenement Transfer Agreement. Mr Hodgins' wealth of experience in the resources sector positions him to provide valuable insights and guidance to the company. Beacon Minerals is now poised to progress with finalizing a mining proposal and mine closure plan for the Lady Ida Project, preparing an updated Lady Ida Mineral Resource, and commencing the stage one grade control drill program. The appointment of Mr Hodgins reflects the company's strategic focus on strengthening its leadership team and advancing its mining projects, signaling a positive outlook for Beacon Minerals' future endeavors.