Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest announcement is out from Beacon Minerals ( (AU:BCN) ).
Beacon Minerals has begun its maiden reverse circulation drilling campaign at the Lady Ida–Lizard project near Kalgoorlie, deploying a JBell Drilling rig to complete 2,200 metres targeting zones of high-grade gold mineralisation. The program is designed to convert historical drilling data into a defined resource, with consultant Entech already engaged on resource modelling and a maiden Lizard Resource anticipated in the coming quarter.
The Lizard deposit lies south of the Iguana deposit and hosts the largest historic open pit within the Lady Ida project, where mineralisation is vertically oriented, associated with a key sedimentary horizon and shows strong grade continuity along strike. Beacon’s review of legacy drilling indicates meaningful potential to extend the deposit both along strike and at depth, suggesting that a successful program could materially enhance the project’s resource base and support future production and growth options for the company.
The most recent analyst rating on (AU:BCN) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on Beacon Minerals stock, see the AU:BCN Stock Forecast page.
More about Beacon Minerals
Beacon Minerals is an Australian gold exploration and mining company listed on the ASX and focused on the Lady Ida project near Kalgoorlie in Western Australia. The company’s assets include the Iguana and Lizard deposits, where it is targeting extensions of historic open-pit mineralisation within a sedimentary unit adjacent to basalt-ultramafic contacts.
Average Trading Volume: 96,945
Technical Sentiment Signal: Buy
Current Market Cap: A$419.5M
Find detailed analytics on BCN stock on TipRanks’ Stock Analysis page.