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BEACON MINERALS LIMITED (BCN)

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ASX, Legal & CGT Status

Former (or subsequent) names

 

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Our website ranking of BCN: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000BCN0
Address: 144 Vivian Street Boulder WA 6432
Tel:  08 9093 2477Fax: +61 8 9322 6610

Date first listed: 20/10/2006
Company Secretary: Sarah Shipway
Sector: Materials Industry Group: XMJ
Activities: Mineral exploration focused on copper, gold and molybdenum mineralisation in Qld and gold and nickel mineralisation in WA

News & Events

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The suspension of trading in the securities of Beacon Minerals Limited will be lifted immediately, following the release by BCN of an announcement in relation to the status of the Lady Ida Project acquisition.

20/07/2023

ASX advised Beacon on 19 June 2023 that the Acquisition is an acquisition to which ASX Listing Rule 10.7 applies. ASX Listing Rule 10.7 requires that the consideration for the Acquisition cannot be cash and can only consist of the issue of restricted securities in the Company. As a result of this decision by ASX, the proposed Acquisition cannot proceed in its current form. The Board is reviewing potential alternatives to acquire the tenements contemplated under Acquisition as the Board continues to believe that an Acquisition would be in the best interests of shareholders.

20/07/2023

7,596 ounces of gold produced in the June 2023 quarter. 206,797 dry tonnes milled in the June 2023 quarter. Mill Recovery 90.3%. Gold sales for the quarter were 4,443 ounces at an average sale price of $2,987/oz for sale receipts of $13.27 million. Bullion held at the Perth Mint as at 30 June 2023 was 3,316 ounces. Subsequent to the year end, the 3,316 ounces was sold at $2,875/oz for sale receipt of $9.53 million. Gold in Transit 1,265 ounces. Beacon completed the acquisition of 4 Exploration Licences from Ora Banda Mining Ltd.

19/07/2023

Beacon requests that the voluntary suspension last until the earlier of the Company making an announcement to the market regarding the status of the Lady Ida Project acquisition and the commencement of normal trade on Friday, 21 July 2023.

19/07/2023

Beacon requests that the voluntary suspension last until the earlier of the Company making an announcement to the market regarding the status of the Lady Ida Project acquisition and the commencement of normal trade on Wednesday, 19 July 2023.

17/07/2023

The securities of Beacon Minerals Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of BCN, pending the release of an announcement in relation to the status of the Lady Ida Project acquisition.

13/07/2023

The company releases a notice of proposed issue of securities.

24/03/2023

The suspension of the company's securities will be lifted from the commencement of trading on 27 March 2023, following the release by BCN of an announcement regarding a material project acquisition.

24/03/2023

Beacon agrees to acquire the Lady Ida Gold Project and four additional Exploration Licences all within close proximity to the Company's Jaurdi Gold Processing Plant located circa 50kms West of Kalgoorlie. The acquisitions equate to over 100km2 of tenure and significantly expands Beacon's footprint in the well-renowned gold district, with Lady Ida being only 29kms from the Jaurdi Mill. The acquisitions are expected to increase the Company's existing mine life. Significant exploration upside also exists on the exploration licences acquired including a number of walk-up gold targets the Company plans to follow up on in the near term. $20 million in debentures to be issued to fund the acquisitions and development.

24/03/2023

Beacon requests that the voluntary suspension last until the earlier of the Company making an announcement to the market regarding the proposed transaction and the commencement of normal trade on Friday, 24 March 2023.

22/03/2023

The securities of Beacon Minerals Limited will be suspended from quotation immediately under Listing under Listing Rule 17.2, at the request of BCN, pending the release of an announcement regarding a material project acquisition.

20/03/2023

Mr Alexander McCulloch, a former project manager at Beacon Minerals Limited (Beacon Minerals) and Mr Darryl Brian Mapleson, who provided geological services to the company, have both appeared in the Perth Magistrates' Court today charged with insider trading. Mr McCulloch has been charged with two counts of insider trading after allegedly encouraging two associates to purchase shares in Beacon Minerals while allegedly in possession of inside information. Mr Mapleson has been charged with three counts of insider trading regarding the alleged purchase of 12,792,850 Beacon Minerals shares between 19 and 24 January 2017 while allegedly in possession of inside information. At the time, Mr Mapleson was engaged by Beacon Minerals to act as its Competent Person for the making of announcements to the Australian Securities Exchange (ASX) regarding drilling results. The inside information allegedly possessed by Mr McCulloch and Mr Mapleson related to results from the stage one drilling programme at Beacon Minerals' Jaurdi Gold Project, which had not yet been announced via the ASX. When an announcement was made by the company on 31 January 2017, the company's share price increased by 33 per cent. Mr Mapleson's matter has been adjourned to 4 June 2021. Mr McColloch's matter has been adjourned to 2 July 2021.

21/05/2021

The securities of Beacon Minerals Limited will be reinstated to official quotation immediately following the release of an announcement regarding the Company's assessment of laboratory test work on the PQ diamond drill core samples.

05/04/2017

The company provides an update on the Jaurdi Gold Project. Beacon have executed the option to purchase the Jaurdi Gold Project from Fenton and Martin Mining Developments Pty Ltd on the 30 March 2017. On 30 March 2017 Beacon Minerals Limited and the Vendor executed the documentation for the purchase of the mining lease ML16/529 and will now apply to the Minister of Mines for the tenement transfer approval.  

05/04/2017

The securities of Beacon Minerals Limited will be suspended from quotation immediately, at the request of the Company, pending the release of an announcement.

03/04/2017

listed entity carried for record purposes only

20/10/2006

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    23/12/2022Graham McGarry17,000,000$0.027$459,000
    06/12/2021Graham McGarry32,607,544$0.031$997,791
    07/01/2021Graham McGarry2,000,000$0.036$72,000
    15/03/2017Graham McGarry2,042,749$0.020$40,788
    08/03/2017Graham McGarry6,500,000$0.020$130,156

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Graham McGarryManaging Director19/03/2012
    Geoff GreenhillNon Exec Director19/03/2012
    Sarah ShipwayNon Exec Director21/03/2012

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Jason BontempoNon Exec Director10/11/202007/01/2022
    Rod JohnsNon Exec Director21/07/202010/11/2020
    Alex McCullochExecutive Director19/08/201910/11/2020
    Marcus MichaelExecutive Director19/03/201215/06/2015
    Paul LloydNon Exec Chairman09/05/200619/03/2012
    Darryl HarrisManaging Director31/07/200819/03/2012
    Matthew EganNon Exec Director09/05/200619/03/2012
    Neil FearisAlternate Director09/02/201219/03/2012
    John HebentonNon Exec Director31/07/200831/03/2009
    Lyle ThorneManaging Director09/05/200602/10/2008

    Date of first appointment, title may have changed.