Beacon Minerals (ASX:BCN) said the second stage grade control drill program began at the Iguana deposit, within the Lady Ida project in Western Australia, according to a Tuesday filing with the Australian bourse.
The program is designed to increase the geological confidence in the Iguana stage one pit, with results expected in the second quarter of fiscal 2026, the filing said.
Shares rose nearly 5% and earlier reached their highest since April 2023.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.