Beacon Minerals : Presentation

A Western Australian Gold Producer

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Disclaimer

Forward Looking Statements

This ASX Presentation (Presentation) has been prepared by Beacon Minerals Limited ("Beacon" or "the Company"). It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this Presentation.

This Presentation contains a summary of information about Beacon, its subsidiaries and their activities which is current as at the date of this Presentation. The information in this Presentation is of a general nature and does not purport to be complete nor does it contain all the information which a prospective investor may require in evaluating a possible investment in Beacon.

By its very nature exploration for minerals is a high-risk business and is not suitable for certain investors. Beacon's securities are speculative. Potential investors should consult their stockbroker or financial advisor. There are a number of risks, both specific to Beacon and of a general nature which may affect the future operating and financial performance of Beacon and the value of an investment in Beacon including but not limited to economic conditions, stock market fluctuations, gold price movements, regional infrastructure constraints, timing of approvals from relevant authorities, regulatory risks, operational risks and reliance on key personnel.

Certain statements contained in this Presentation, including information as to the future financial or operating performance of Beacon and its projects, are forward-looking statements that:

• may include, among other things, statements regarding targets, estimates and assumptions in respect of mineral reserves and mineral resources and anticipated grades and recovery rates, production and prices, recovery costs and results, capital expenditures, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions;
• are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Beacon, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; and,
• involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward-looking statements.

Beacon disclaims any intent or obligation to update publicly any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words 'believe', 'expect', 'anticipate', 'indicate', 'contemplate', 'target', 'plan', 'intends', 'continue', 'budget', 'estimate', 'may', 'will', 'schedule' and similar expressions identify forward-looking statements.

All forward looking statements made in this Presentation are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

No verification: Although all reasonable care has been undertaken to ensure that the facts and opinions given in this Presentation are accurate, the information provided in this Presentation has not been independently verified.

Competent Persons Statement

The information in this announcement relating to exploration results and targets has been compiled by Mr. Zane Padman B.Sc. MAusIMM. Mr. Padman has sufficient experience which is relevant to the styles of mineralisation and types of deposits under consideration and to the activities being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr. Padman consents to the inclusion in the report of the matters based on his information in the form and context in which it appears. Mr. Padman is a full-time employee of Beacon Minerals and is eligible to and may participate in short-term and long-term incentive plans of the Company as disclosed in its annual reports and disclosure documents.

The information in this announcement referring to the Jaurdi Gold Project Mineral Resource Estimates and Ore Reserves (Black Cat, Lost Dog and Stockpiles) is extracted from the market announcements entitled:

• 30 Jul 2021 June 2021 Quarterly Activities Report
• 19 Oct 2021 Beacon Doubles Resource Inventory, Mine Life Extended

These are available to view on Beacon Minerals website at www.beaconminerals.com.au. The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. All material assumptions and technical parameters underpinning the estimates continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

This Presentation has been approved for release by the Board of Beacon Minerals Limited

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Who is Beacon Minerals?

Established ASX Listed Company

- Operates in Worlds number 1 mining jurisdiction* - Profitable gold producer

- Self funded and agile

Successful Explorer/ Producer

- 2 Year 9 month turn around from discovery to production - Jaurdi/ Lost Dog.

- Resource growth over past three years

Proven Track Record

- Directors and management with proven track record

Western Australia

- World class mining and exploration professionals - Worlds top mining jurisdiction for investment

History of interest in Timor Leste

- Field visits 2016 and 2017

- Delegation visit to Coolgardie 2020

Mining at Lost Dog Panel 4

*Fraser Institute, Annual Survey of Mining Companies, 2021

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Corporate Snapshot

Capital Structure

ASX Code	BCN
Share Price	$0.029
(13 June 2022)
Shares on issue	3,641 M
Market Cap (A$)	$106 Million
Listed Options	150 M
BCNOB exercise $0.025 on or before 1 August 2022

Unlisted Options	180 M
Various exercise prices and dates

3%	Share Ownership
18%			Institutions
			Directors and
			Employees
56%			Remaining Top 20
23%

Other

Financial
Cash on hand (A$)	$14.10 Million
(13 June 2022)
Gold on hand	829 ozs
Dividend Payments	$34.0 Million
Interim Fully Franked Dividend (Apr 2022)	$0.00125 per share
Final Fully Franked (Oct 2021)	$0.00125 per share
Interim (Mar 2021)	$0.002 per share
Special (Mar 2021)	$0.005 per share
FY 2022 Production Guidance	24,000 to 28,000 ozs

Executive Team

Graham McGarry	Executive Chairman/ Managing
Director
Geoff Greenhill	Non-Executive Director
Sarah Shipway	Non-Executive Director/
Company Secretary
Darren Gaby	General Manager (JGP)
Zane Padman	Geology Manager

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Australia - Timor-Leste Synergies

"Roughly two thirds of global discoveries in the last decade have been made by small ASX listed mineral exploration companies who are willing to take the risk and drill".

- Mr. Warren Pearce, CEO, AMEC

WA is the Worlds No. 1 Mining Jurisdiction*

• Worlds number 1 mining jurisdiction right next door to the world's newest exploration jurisdiction.
• Timor-LesteMineral Code similar in many respects to WA Mining Act.

Expertise in Mining and Exploration

-Two of the top 5 mining schools are in WA and three of the top 10 in Australia.**

• Ability to leverage Australian mining expertise into training local professionals.
• World class consultants and professionals.

Previous Relationships

• Leveraging historic relationships
• Oil and Gas collaboration

Location

• Established transport routes
• Shared time zones
• Neighbours

*Fraser Institute, Annual Survey of Mining Companies, 2021 **QS Stars world university rankings by subject, 2022