Beacon Minerals Limited (ASX:BCN) Completes Stage 2 Drill Program at Iguana Deposit
Drill Program Completion
Beacon Minerals Limited (ASX: BCN) announced the completion of its Stage 2 laterite drill program at the Lady Ida Iguana Deposit. The air core program involved 215 holes totaling 2,572 metres, aimed at identifying further extensions of laterite mineralisation.
Infrastructure Drill Program
Additionally, the Iguana Infrastructure drill program was completed with 12 air core holes drilled for 687 metres to sterilise the current footprint of the Iguana workshop and infrastructure areas.
Future Plans
Results from the Stage 1 and Stage 2 drill programmes are expected in mid to late June 2025. Mining operations at the Lady Ida Iguana Deposit are scheduled to commence in 2026.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.
