Beacon Minerals Limited
Beacon Minerals is a dividend-paying gold producer in the Eastern Goldfields of Western Australia, centered on the Jaurdi Gold Project (acquired 2017) 35 km north of Coolgardie. The 100%-owned Jaurdi processing plant, commissioned in 2019 at a 500,000 tpa design capacity, now runs above 800,000 tpa; the company produced 5,241 oz gold in its June 2026 quarter (A$30 million in gold sales) and completed a 40:1 capital consolidation in 2025. Growth projects include the nearby MacPhersons Project and the emerging Lady Ida-Iguana development area.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Reached — date not disclosed · Source
- Sep 2019 · Source
- Oct 2019 · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
Not in place: grid power.
Jurisdiction (40%)9/10
Western Australia: Fraser PPI 2025 is 88.53 of 100 (rank 13 of 68), which maps to 9 on this site's scale. Western Australia — top-tier mining jurisdiction.
Infrastructure (40%)7.1/10
A confirmed mill, confirmed road access, no confirmed grid power, and a confirmed tailings facility at Jaurdi Gold Project, Coolgardie, Western Australia.
Nearby producing mine (20%)10/10
Castle Hill (Mungari) (Evolution Mining Limited) is 13 km away -- within shared-mill trucking range.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:8.7/10
Nearest producing mine: Castle Hill (Mungari) (Evolution Mining Limited), 13 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:5.5/10
Stage: Production
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:9/10
Australia: jurisdiction score 9/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Managing Director of Beacon Minerals Limited. Experienced miner with a track record of turning early-stage projects into viable, attractive investment propositions across Australia.
General Manager of Beacon Minerals Limited. Registered Manager of the Jaurdi Gold Project since 2018, managing operations through first gold production; previously senior operational roles at Metals X/Westgold.
Geology Manager at Beacon Minerals Limited; also a non-executive director of First Au Limited. Production and growth geologist with over a decade focused on the Eastern Goldfields, including work on KCGM, Beta Hunt and Daisy Milano.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Checked, and this register is almost entirely individuals rather than outside institutions. The top 20 holders own 72.55% of issued capital, led by Colin Petroulas at about 12.7%, executive chairman Graham McGarry at about 11.7% and Geoffrey Greenhill at about 6.55%. No specialist resource fund and no producer or strategic corporate holder is disclosed. McGarry did commit real cash, buying twice in March and May 2025, but that is now more than a year old. A concentrated founder-owned gold producer is a legitimate structure -- it is simply not the outside-validation signal this score measures.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
Beacon Minerals is a dividend-paying gold producer in Western Australia's Eastern Goldfields, built around its 100%-owned Jaurdi processing plant 35 km north of Coolgardie, commissioned in 2019 at a 500,000 tpa design capacity and now running above 800,000 tpa. The company poured first gold from the Lady Ida (Iguana) open pit on 1 April 2026, and the June 2026 quarter, its first full quarter of production from that pit, delivered 5,241 oz of gold. Measured and indicated resources are 461,000 oz of gold plus 73,000 oz inferred, and an August 2026 ore reserve update for Iguana of 11 Mt at 1.20 g/t for 430,200 oz supports a 9-year operation. Guidance for the September 2026 quarter is 5,000-6,000 oz, and the nearby MacPhersons Project is among its growth options.