Beacon Minerals (BCN) AGM 2025 Presentation summary

Strategy and business model

• Focus on operational excellence at Jaurdi through disciplined mine planning, efficient processing, and strong safety culture, while advancing organic growth via near-mine exploration and resource development.

• Operates a low-cost gold production model, generating strong and consistent cash flow reinvested into exploration to extend mine life and build resources.

• Maintains a strong, profitable production base at Jaurdi, funding ongoing expansion and targeting additional ounces within the region.

Investment highlights and operational performance

• Established processing infrastructure at Jaurdi delivers consistent throughput, low costs, and supports integration of new ore sources.

• Strong cash flow enables funding for exploration, dividends, and a conservative balance sheet.

• Ongoing near-mine exploration and low-risk acquisition opportunities are being assessed to extend production.

• Proven leadership team with a track record in operational performance and value creation.

• Commitment to ESG through responsible mining, rehabilitation, and community engagement.

Production, development, and exploration

• MacPhersons Reward mining commenced in October 2023, with 947,000 tonnes of ore and 30,000 ounces contained gold mined; completion expected January 2026.

• Owner-operated mining fleet includes large excavators, dump trucks, dozers, and graders.

• Jaurdi Processing Plant has a 1 million tonne annualized capacity and 5 years of tailings capacity remaining; $11.5m plant optimisation underway.