Beacon Minerals starts drill program at Iguana deposit

Beacon Minerals Limited has commenced a Resource Development drill program at the Lady Ida – Iguana Deposit. The initial phase includes 2,000 metres of diamond drilling by Terra Drilling and 10,000 metres of RC drilling by Raglan Drilling, focusing on the Northwest corridor of the Iguana Deposit.

The program seeks to increase geological confidence and update the Iguana Mineral Resource Estimate, with an updated estimate anticipated in late November 2025. This follows previous reports of high-grade intercepts in the Northwest corridor.

The Iguana Deposit, part of the Lady Ida Project, features metamorphosed mafic and ultramafic rocks. Recent diamond drilling has identified two distinct mineralisation styles within the deposit.