Beacon Minerals Says Recent Drilling at Western Australia Prospect Show 'Significant' High-Grade Intersections; Shares Fall 3%

MT Newswires Live

2025/12/09

Beacon Minerals (ASX:BCN) said drilling at the Iguana deposit within its Lady Ida project shows significant high-grade intersections, according to a Tuesday filing with the Australian bourse.

Results yielded 36 meters at 6.49 grams per tonne gold from 145 meters and seven meters at 11.83 g/t gold from 123 meters, the filing said.

The company expects to update the project's mineral resource estimate and ore reserve in late January 2026, the filing added.

Shares of the company fell 3% in recent Tuesday trade.

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