Beacon Minerals (ASX:BCN) has upgraded the Iguana deposit’s resource, located in the Lady Ida Project in Western Australia, which contains 1.2 million tonnes @ 0.92 grams per tonne gold for 36,000 ounces.
A total of 1.1 million tonnes @ 0.95g/t gold for 33,000 ounces is in the measured and indicated categories.
The resource is supported by 852 aircore, 1,438 reverse circulation (RC), 38 diamond, 1,663 rotary air blast, four RC with diamond tail drillholes.
An ore reserve is currently being estimated for the Iguana Laterite deposit at Lady Ida, which is anticipated to be released in Q2 FY2026.
Managing Director Graham McGarry says the mineralisation style and distribution are ideal for low-cost mining, which will further enhance the upcoming development of Iguana.
“Beacon Minerals intends to issue an updated in-situ mineral resource in Q2 FY2026,” McGarry says.
This news comes in conjunction with the Diggers & Dealers Mining Forum held between 4-6 August 2025 in Kalgoorlie, Western Australia.
The company is exhibiting at this year’s event, in which Mining.com.au is also in attendance, with Executive Producer Shae Russell on the floor.
Beacon Minerals is a gold-focused explorer based in the Eastern Goldfields of Western Australia. The company is focused on exploring, developing, and pursuing opportunities on its path to become a profitable mineral producer.
Write to Aaliyah Rogan at Mining.com.au
Images: Beacon Minerals
