Beacon Minerals (BCN) investor relations material

Executive summary

• Gold production for the June 2026 quarter was 5,241 ounces at a cash operating cost of A$5,448/oz, with mill throughput of 235,602 dry tonnes and ROM ore stockpiles of 660,000 tonnes containing 15,150 ounces.

• Quarterly gold sales reached 4,701 ounces at an average sale price of A$6,371/oz, generating sale receipts of A$29.95 million.

• Cash on hand at 30 June 2026 was A$20.69 million, with no corporate debt and asset finance liabilities totaling A$9.9 million.

• Fully franked cash dividend of $0.10 per share paid on 21 July 2026, and a special in-specie dividend of 36 million Forrestania Resources shares to be distributed on 14 August 2026.

Financial highlights

• Quarterly cash costs were A$4,673/oz (excluding royalties and stock adjustments), with a fuel price increase adding A$470/oz compared to the previous quarter.

• Quarterly capital expenditure was A$5.74 million, including resource definition, exploration, capital works, and plant/equipment purchases.

• Corporate expenditure for the quarter was A$8.60 million, including hire purchase and income tax.

• 3,537,934 listed options exercised during the quarter, raising A$4.24 million; an additional 1,444,489 options exercised after quarter end, raising A$1.73 million.

Outlook and guidance

• September 2026 quarter production guidance is 5,000 to 6,000 ounces.

• Updated Iguana Reserve and maiden Lizard Resource expected in the coming periods, with ongoing focus on resource conversion and exploration.

• Tank farm expansion at Jaurdi Mill remains on budget and on schedule, with commissioning targeted for November 2026.