1、RECTORY/CONTENTSONTENTSPAGEDIRECTORY/CONTENTSPAGE 2013ANNUALREPORT 2012ANNUALREPORT CORPORATEDIRECTORY/CONTENTSPAGE BEACONMINERALSLIMITED2013ANNUALREPORT2CORPORATEDIRECTORYBOARDOFDIRECTORSGeoffreyGreenhillExecutiveChairmanGrahamMcGarryManagingDirectorMarcusMichaelExecutiveDirectorCOMPANYSECRETARYSar
2、ahShipwayKALGOORLIEOFFICE144VivianStreetBOULDERWA6432REGISTEREDOFFICELevel1,115CambridgeStreetWESTLEEDERVILLEWA6007T:0893226600F:0893226610E:.auW:.auASXCode:BCNSHAREREGISTRYSecurityTransferRegistrars770CanningHighwayAPPLECROSSWA6153P:0893152333F:0893152233SOLICITORSSteinepreisPaganinAUDITORSHLBMannJ
3、uddCONTENTSPAGEReviewofOperations3DirectorsReport7StatementofProfitorLossandOtherComprehensiveIncome14StatementofFinancialPosition15StatementofChangesinEquity16StatementofCashflows17NotestotheFinancialStatements18DirectorsDeclaration35Auditors IndependenceDeclaration36IndependentAuditorsReport37Corp
4、orateGovernanceStatement39ShareholderInformation46Mineral Tenement Information48REVIEWOFOPERATIONS BEACONMINERALSLIMITED2013ANNUALREPORT3HIGHLIGHTS CompletionandlodgementofrevisedHalleysEastMiningProposaltoWesternAustralianDepartmentofMinesandPetroleum(DMP)ApprovaltocommenceminingoperationsatHalleys
5、EastfromtheDMP Purchaseof20%minorityinterestinHalleysEast Approximately$1.5mraisedthroughnonrenounceablerightsissuetoallshareholders SaleofunmarketableparcelsofsharesHALLEYSEASTPROJECTHalleysEastMiningProposalandApprovaltoCommenceMiningTheCompanyannouncedon21December2012thatithadlodgedarevisedMining
6、ProposalwiththeDMP.TherevisedproposalincludedtheMineClosurePlanandaddressedissuespreviouslyraisedbytheDMPrelatingtoheritage,nativetitle,geotechnicaldesignandminewatermanagement.TheDMPraisedonlyminormattersfromtheMiningProposalresubmissionand,asaresult,on27March2013theCompanylodgedtheProjectManagemen
7、tPlanforHalleysEast.On27June2013theCompanyannouncedthatithadreceivedfromtheDMPapprovaltocommenceminingoperationsatHalleysEast.Figure1RegionallocationmapBarleeGoldProjectREVIEWOFOPERATIONS BEACONMINERALSLIMITED2013ANNUALREPORT4Purchaseof100%ofHalleysEastProjectOn9July2013theCompanyannouncedthatithasr
8、eachedanagreementwithDuketonConsolidatedPtyLtd(“Duketon”)toacquireDuketons20%interestintheHalleysEastGoldProject.TheCompanynowhas100%ownershipoftheminingleaseM77/1254whichincludestheHalleysEastGoldProjectandPhilsGoldProspect.Beacon issued 100,000,000 ordinary shares to Duketon as consideration for t
9、he acquisition of the 20%interestintheHalleysEastGoldProject.50,000,000ofthesharesaresubjecttovoluntaryescrowuntil9July2014.TheCompanyhasalsoagreedtopayaroyaltyof$36.00perounceofgoldrecoveredfromtheHalleysEastGoldProjectwithanadvancepaymentof$250,000havingalreadybeenpaid,representingthefirst6,944oun
10、cesofrecoveredGold.Figure2:HalleysEastProjectREVIEWOFOPERATIONS BEACONMINERALSLIMITED2013ANNUALREPORT5ClearingofCampSiteandCommencementofworksonHaulRoadWorkshavecommencedonclearingtheminecampsite,establishingthecampanddevelopingthehaulroadfromtheminesitetothenorthsouthDiemalsStationRoad,seeFigure2.O
11、reProcessingDiscussions continue to advance with a number of parties who have provided indicative proposals forprocessingoftheorefromHalleysEast.ItistheCompanysintentiontofinaliseanoreprocessingagreementpriortominingoperationscommencing.ProjectFinancingTheCompanyiscurrentlyconsideringpossibledebtand
12、jointventurealternativesforfinancingtheworkingcapitalrequirementsoftheproject.CORPORATEACTIVITIESNonRenounceableEntitlementIssueOn2November2012Beaconcompletedanonrenounceableentitlementissueof2Sharesforevery5Sharesheldatanissuepriceof$0.004perSharetoraiseatotalof$1,592,117togetherwith1freeattachingo
13、ptionexercisableat$0.005onorbefore30September2015.SaleofUnmarketableParcelsOn5July2013theCompanyadvisedthatithadcompletedthesaleofunmarketableparcelsofsharesintheCompany.At the completion of the sale of unmarketable parcels,950 former shareholders,holding anaggregate51,546,177shares,being3.45%oftheC
14、ompanystotalnumberofsharesonissue,participatedinthesale.Theholdingsweresoldforanissuepriceof$0.0035pershare,withthetransfertakingeffecton4July2013.Thesaleoftheseunmarketableparcelswillsignificantlyreducetheadministrativecostsassociatedwithmaintainingalargenumberofverysmallholdings.SignificantReducti
15、oninAdministrationOverheadsThe Board of Directors have maintained a focus on reducing administrative and corporate overheadsthroughoutthefinancialyear.Fortheyearended30June2013AdministrationExpenseswere$311,510(2012:$1,287,483),areductionof$975,973fromthepreviousfinancialyear.2013/2014OperationsThea
16、uditorshaveissuedanemphasisofmatteropinionontheinherentuncertaintyregardingthegoingconcernoftheCompany.TheDirectorshavepreparedthefinancialstatementsonagoingconcernbasiswhichcontemplatesthecontinuityofnormalbusinessactivities.TheDirectorshavedeterminedthatfutureequityraisingsordebtfinancingarrangeme
17、ntsarelikelytoberequiredtoprovidefundingfortheCompanysactivitiesandtomeettheCompanysobjectives.TheCompanyhasahighlyexperiencedBoard,withaproventrackrecordinraisingmoniestofundtheCompanysongoingactivities.TheBoardisconfidentthattheCompanywillhavesufficientfundstofinanceitsoperationsinthe2013/2014Fina
18、ncialYear.REVIEWOFOPERATIONS BEACONMINERALSLIMITED2013ANNUALREPORT6OTHEROPPORTUNITIESSeveraladvancedminingprojectshavebeensubmittedtotheCompanyforreview,howeverBeaconsfocuscontinuestobeoncommencingminingatHalleysEast.TheCompanyconfirmsitscommitmenttocontinuetopursueotheropportunitiesinthemineralssec
19、torinAustraliaandoffshore.DIRECTORSREPORT BEACONMINERALSLIMITED2013ANNUALREPORT7The Directors of Beacon Minerals Limited(“Beacon”or“the Company”)submit herewith the annualfinancialreportofBeaconMineralsLimitedfortheperiod1July2012to30June2013.InordertocomplywiththeprovisionsoftheCorporationsAct2001,
20、theDirectorsreportasfollows:DIRECTORSThenamesandparticularsofthedirectorsoftheCompanyduringthefinancialyearandasatthedateofthisreportareasfollows.Directorswereinofficefortheentireperiodunlessotherwisestated.GeoffreyGreenhillAWASM,MAusIMMExecutiveChairmanAppointed19March2012GeoffreyGreenhillgraduated
21、fromtheWesternAustralianSchoolofMinesobtaininganAssociateshipinMetallurgy in 1973.Mr Greenhill has held various senior metallurgical roles and has designed andcommissionedoreprocessingfacilitiesacrossAustralia.Heishighlyrespectedwithintheminingindustryandhasastrongtrackrecordincreatingshareholderval
22、ue.MrGreenhillandMrMcGarryhavebeenbusinesspartnersfor27yearsandhavehadsubstantialsuccessindevelopingminingprojectsinWA,SA,QLDandtheNT.BothDirectorsarebasedinKalgoorlieWA.Duringthepastthreeyearshehasnotservedasadirectorofanyotherpubliccompanies.GrahamMcGarryCPA,CDManagingDirectorAppointed19March2012G
23、rahamMcGarryisanexperiencedandseasonedhandsonminer,withanimpressivetrackrecordinturningearlystageprojectsintoviableandattractiveinvestmentpropositions.MrMcGarryspenteightyearswithAmalgResourcesNLasaManagingDirectorandwasresponsibleforthedevelopmentoftheEloiseCopperMineinQueenslandfrombarepaddocktoan
24、undergroundmineproducing500,000tpaofcopper/goldore.MrMcGarryhasdevelopednumeroussuccessfulminingprojectsacrossAustralia.Duringthepastthreeyearshehasnotservedasadirectorofanyotherpubliccompanies.MarcusMichaelCA,B.BusExecutiveDirectorAppointed19March2012MarcusMichaelisaCharteredAccountantandhasover23y
25、earsindustryexperience.Hehasprovidedconsultingservicestoabroadrangeofpublicandprivateentities.MarcusMichaelhasbeeninvolvedwithprivateequityconsulting,capitalanddebtfundingandcorporatereconstructionsince1990andisaDirectorofMarshallMichaelPtyLtd,CharteredAccountants.MarcusMichaelgraduatedfromCurtinUni
26、versityin1990withaBachelorofBusinessandhasbeenamemberoftheInstituteofCharteredAccountantssince1994.Duringthepastthreeyearshehasservedasadirectorofthefollowingpubliccompanies;CompanyDateofAppointmentDateofResignationArgentMineralsLimitedApril2007NotApplicableStGeorgeMiningLimitedOctober2009NotApplica
27、bleCardinalResourcesLimitedDecember2012NotApplicableDIRECTORSREPORT BEACONMINERALSLIMITED2013ANNUALREPORT8COMPANYSECRETARYSarahShipwaywasappointedCompanySecretaryofBeaconMineralsLimitedon19March2012.SarahhasaBachelorofCommercefromMurdochUniversityandisamemberoftheInstituteofCharteredAccountantsinAus
28、tralia.DIRECTORSINTERESTSAtthedateofthisreport,theDirectorsheldthefollowinginterestsinBeaconMinerals.NameOrdinarySharesListedOptionsGeoffreyGreenhill59,863,33442,371,667GrahamMcGarry84,233,33346,191,667MarcusMichael58,228,33340,761,666On10September2012eachoftheDirectors(throughtheirrespectiverelated
29、partyentities)enteredintoagreements with the Company to underwrite a total of$600,000 of the shares issued under theEntitlement Issue Prospectus dated 17 September 2012.Under the agreements the Directors wereentitledtoanunderwritingfeeof5%oftheunderwrittenamount.Marshall Michael Pty Ltd Chartered Ac
30、countants,of which Marcus Michael is a Director,providedaccounting,bookkeeping,corporatesecretarialandgeneraladministrativeservicestotheCompanyonordinarycommercialterms.OtherthantheabovetheDirectorshavenointerest,whetherdirectlyorindirectly,inacontractorproposedcontractwithBeaconduringthefinancialye
31、ar.SHAREOPTIONSAtthedateofthisreporttheCompanyhadonissue398,022,965ListedOptions,exercisableat$0.005onorbefore30September2015.Duringthefinancialyearended30June20136,400optionshasbeenconvertedtofullypaidordinaryshares.On9July2013anadditional5optionshadbeenconvertedintofullypaidordinaryshares.PRINCIPA
32、LACTIVITIESTheprincipalactivityoftheCompanyismineralexplorationanddevelopmentinWesternAustralia.RESULTSANDREVIEWOFOPERATIONSTheresultoftheentityforthefinancialyearended30June2013isanafterincometaxcomprehensivelossof$1,283,499(2012:lossof$940,165).AreviewofoperationsoftheCompanyduringtheyearended30Ju
33、ne2013isprovidedinthe“ReviewoftheOperations”immediatelyprecedingthisDirectorsReport.LIKELYDEVELOPMENTSTheCompanysfocusoverthenextfinancialyearwillbeonitskeyproject,theBarleeGoldProject.FurthercommentaryontheCompanysplannedactivitiesovertheforthcomingyearisprovidedintheReviewofOperations.DIRECTORSREP
34、ORT BEACONMINERALSLIMITED2013ANNUALREPORT9SIGNIFICANTCHANGESINSTATEOFAFFAIRSTherehavenotbeenanysignificantchangesinthestateofaffairsoftheCompanyduringthefinancialyear,otherthanthosenotedinthisfinancialreport.ENVIRONMENTALISSUESThe Company is aware of its environmental obligations with regards to its
35、 exploration activities andensuresthatitcomplieswithallregulationswhencarryingoutexplorationwork.DIVIDENDSPAIDORRECOMMENDEDThedirectorsdonotrecommendthepaymentofadividendandnoamounthasbeenpaidordeclaredbywayofadividendtothedateofthisreport.DIRECTORSMEETINGSDuringthefinancialyear,9meetingsofDirectors
36、wereheld.Attendancesbyeachdirectorduringtheyearwereasfollows:NameEligibletoattendAttendedGGreenhill99GMcGarry99MMichael99REMUNERATIONREPORTAUDITEDRemunerationpolicyTheremunerationpolicyofBeaconMineralsLimitedhasbeendesignedtoaligndirectorsobjectiveswithshareholderandbusinessobjectivesbyprovidingafix
37、edremunerationcomponentwhichisassessedonanannualbasisinlinewithmarketratesandequityrelatedpayments.TheBoardofBeaconMineralsLimitedbelievestheremunerationpolicytobeappropriateandeffectiveinitsabilitytoattractandretainthebestdirectorstorunandmanagetheCompany.TheBoardspolicyfordeterminingthenatureandam
38、ountofremunerationforBoardmembersisasfollows:TheremunerationpolicyandsettingthetermsandconditionsfortheExecutivedirectorsandotherseniorstaffmembersisdevelopedandapprovedbytheBoardbasedonlocalandinternationaltrendsamong comparative companies and industry generally.It examines terms and conditions for
39、employeeincentiveschemes,benefitplansandshareplans.IndependentadviceisobtainedwhenconsiderednecessarytoconfirmthatexecutiveremunerationisinlinewithmarketpracticeandisreasonablewithinAustralianexecutiverewardpractices.Executivesreceiveabasesalary(whichisbasedonfactorssuchaslengthofserviceandexperienc
40、e)andsuperannuation.Theentityisanexplorationentityandthereforespeculativeintermsofperformance.Consistentwithattractingandretainingtalentedexecutives,directorsandseniorexecutivesarepaidmarketratesassociatedwithindividualsinsimilarpositionswithinthesameindustry.Optionsandperformanceincentivesmaybeissu
41、edparticularlyiftheentitymovesfromanexplorationtoaproducingentityDIRECTORSREPORT BEACONMINERALSLIMITED2013ANNUALREPORT10andkeyperformanceindicatorssuchasprofitandproductionandreservesgrowthcanbeusedasmeasurementsforassessingexecutiveperformance.TheBoardpolicyistoremuneratenonexecutivedirectorsatmark
42、etratesforcomparablecompaniesfortime,commitmentandresponsibilities.TheExecutiveDirectors,inconsultationwithindependentadvisors,determinepaymentstothenonexecutivesandreviewtheirremunerationannually,basedonmarketpractice,dutiesandaccountability.Themaximumaggregateamountoffeesthatcanbepaidtononexecutiv
43、edirectorsissubjecttoapprovalbyshareholdersattheannualGeneralMeetingand is currently$250,000 per annum.Fees for nonexecutive directors are not linked to theperformanceoftheCompany.However,toalignDirectorsinterestswithshareholderinterests,thedirectorsareencouragedtoholdsharesintheCompany.At the Compa
44、nys 2011 Annual General Meeting held on the 22 November 2011 the CompanyreceiveditsfirststrikeagainstitsRemunerationReport.Onthe19March2012theDirectorsinofficeduringthefirststrikeresignedandnewDirectorswereappointed.ThenewBoardrespondedtothefirststrikebysignificantlyreducingtheExecutiveDirectorsbase
45、salaries.AttheCompanys2012AnnualGeneralMeetingheldonthe29November2012theCompanysshareholdersapproveditsRemunerationReport.DetailsofdirectorsandexecutivesThe following table provides employment details of persons who were,during the financial year,membersofkeymanagementpersonneloftheentity.DirectorsP
46、ositionHeldasat30June2013GGreenhillExecutiveChairmanGMcGarryManagingDirectorMMichaelExecutiveDirectorTheCompanydoesnothaveanyexecutivesthatarenotDirectors.Executive Directors remuneration and other terms of employment are reviewed annually by theexecutivedirectorshavingregardtoperformanceagainstgoal
47、ssetatthestartoftheyear,relativetocomparableinformationandindependentexpertadvice.ExceptasdetailedintheRemunerationReport,nodirectorhasreceivedorbecomeentitledtoreceive,duringorsincethefinancialyearend,abenefitbecauseofacontractmadebytheCompanyorarelatedbodycorporatewithadirector,afirmofwhichadirect
48、orisamemberoranentityinwhichadirectorhasasubstantialfinancialinterest.Thisstatementexcludesabenefitincludedintheaggregateamountofemoluments received or due and receivable by directors and shown in the Remuneration Report,preparedinaccordancewiththeCorporationsRegulations,orthefixedsalaryofafulltimee
49、mployeeoftheCompany.DIRECTORSREPORT BEACONMINERALSLIMITED2013ANNUALREPORT11RemunerationofdirectorsandexecutivesRemunerationforthefinancialyearended30June2013.ShortTermBenefitsPostEmploymentBenefitsLongTermBenefitsEquitysettledsharebasedpaymentsDirectorsSalaryandFeesNonMonetary(i)SuperannuationLongSe
50、rviceLeaveShares/Options(ii)TerminationBenefitsTotal$GGreenhill201350,0002,4204,50056,920201212,5002641,12513,889GMcGarry201350,0002,4204,50056,920201212,5002641,12513,889MMichael201350,0002,4204,50056,920201212,5002641,12513,889PLloyd20132012132,0002,78550,000184,785DHarris20132012158,6003,34550,00
51、0211,945MEgan2013201216,0003381,44017,778Total2013150,0007,26013,500170,7602012344,1007,2604,815100,000456,175(i)Nonmonetary benefits are for directors and officers liability and legal expense insurancepremiums.(ii)Nooptionsorsharesweregrantedaspartofremuneration.Employmentcontractsofdirectorsandexe
52、cutivesTheCompanyhasenteredintoanexecutiveservicesagreementwithMrGeoffreyGreenhill,MrGrahamMcGarryandMrMarcusMichael(collectivelytheDirectors)wherebytheDirectorreceivesremunerationof$70,000 per annum plus statutory superannuation.Prior to 30 June 2013 the Directors received$50,000perannumplusstatuto
53、rysuperannuation.Theagreementmaybeterminatedsubjecttoa3monthnoticeperiod.On10September2012eachoftheDirectors(throughtheirrespectiverelatedpartyentities)enteredintoagreements with the Company to underwrite a total of$600,000 of the shares issued under theEntitlement Issue Prospectus dated 17 Septembe
54、r 2012.Under the agreements the Directors wereentitledtoanunderwritingfeeof5%oftheunderwrittenamount.EachDirectorreceivedafeeof$10,000underthisagreement.DIRECTORSREPORT BEACONMINERALSLIMITED2013ANNUALREPORT12EquitybasedremunerationpaymentsDuring the financial year ended 30 June 2013 no equity was gr
55、anted to directors as part of theirremuneration.ENDOFREMUNERATIONREPORTINDEMNIFICATIONANDINSURANCEOFDIRECTORSANDOFFICERSInaccordancewiththeconstitution,exceptasmaybeprohibitedbytheCorporationsAct2001everyOfficeroragentoftheCompanyshallbeindemnifiedoutofthepropertyoftheentityagainstanyliabilityincurr
56、edbyhiminhiscapacityasOfficeroragentoftheCompanyoranyrelatedcorporationinrespectofanyactoromissionwhatsoeverandhowsoeveroccurringorindefendinganyproceedings,whethercivilorcriminal.DuringtheyeartheCompanyagreedtopayanannualinsurancepremiumof$7,260(2012:$7,260)inrespectofdirectorsandofficersliabilitya
57、ndlegalexpensesinsurancecontracts,fordirectors,officersandemployeesoftheCompany.Theinsurancepremiumrelatesto:Costs and expenses incurred by the relevant officers in defending proceedings,whether civil orcriminalandwhatevertheoutcome.Otherliabilitiesthatmayarisefromtheirposition,withtheexceptionofcon
58、ductinvolvingawillfulbreachofduty.SHAREOPTIONSUnissuedsharesTheCompanyat30June2013had398,022,970optionsonissue,theoptionsareexercisableat$0.005onorbefore30September2015.OptionholdersdonothaveanyrightstoparticipateinanyissuesofsharesorotherinterestsintheCompanyoranyotherentity.EVENTSSUBSEQUENTTOBALAN
59、CEDATEOn9July2013theCompanyannouncedthatithadreachedanagreementwithDuketonConsolidatedPtyLtd(“Duketon”)toacquireDuketons20%interestintheHalleysEastGoldProject.Asaresult,Beaconwillnowhave100%ownershipoftheHalleysEastGoldProject.UndertheAgreementBeaconissued100,000,000ordinarysharestoDuketonasconsider
60、ationfortheacquisitionofthe20%interestintheHalleysEastGoldProject.Theshareswereissuedon9July2013.50,000,000ofthesesharesaresubjectto12monthsvoluntaryescrowuntil9July2014.Beaconhasalsoagreedtopayaroyaltyof$36.00perounceofgoldrecoveredfromtheHalleysEastGoldProjectwithanadvancepaymentof$250,000,represe
61、ntingthefirst6,944ouncesofrecoveredGold.The$250,000paymentwasmadeon22July2013.OtherthantheabovenomattersorcircumstanceshavearisensincetheendofthefinancialyearwhichsignificantlyaffectedorcouldsignificantlyaffecttheoperationsoftheCompany,theresultsofthoseoperations,orthestateoftheaffairsoftheCompanyin
62、futurefinancialyears.DIRECTORSREPORT BEACONMINERALSLIMITED2013ANNUALREPORT13AUDITORSINDEPENDENCEDECLARATIONTheauditorsindependencedeclarationfortheyearended30June2013hasbeenreceived,formspartofthedirectorsreportandcanbefoundonpage36ofthefinancialreport.NONAUDITSERVICESTheCompanysauditor,HLBMannJudd,
63、didnotprovideanynonauditservicestotheCompanyduringthefinancialyearended30June2013.Signedinaccordancewitharesolutionofthedirectorsmadepursuanttos298(2)oftheCorporationsAct2001.Onbehalfofthedirectors.GEOFFREYGREENHILLExecutiveChairmanDatedthis17September2013FINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEA
64、CONMINERALSLIMITED2013ANNUALREPORT14STATEMENTOFPROFITORLOSSANDOTHERCOMPREHENSIVEINCOMEFORTHEYEARENDED30JUNE2013AustralianDollar($)Note30JUNE2013$30JUNE2012$REVENUE343,30385,117EXPENDITUREAdministrationexpenses4311,5101,287,483Explorationanddevelopmentexpenditurewrittenoff111,015,29251,960LOSSFROMBEF
65、OREINCOMETAX(1,283,499)(1,254,326)Incometaxrefund/(expense)5314,161LOSSAFTERINCOMETAXATTRIBUTABLETOMEMBERSOFTHECOMPANY(1,283,499)(940,165)OTHERCOMPREHENSIVEINCOMEItemsthatmaybereclassifiedtoprofitorloss:Revaluationtofairvalue13(c)(17,449)(332,392)Incometaxrelatingtocomponentsofothercomprehensiveinco
66、meTOTALCOMPREHENSIVELOSS(1,300,948)(1,272,557)TOTALCOMPREHENSIVELOSSATTRIBUTABLETOMEMBERSOFTHECOMPANY(1,300,948)(1,272,557)LOSSPERSHAREBasicanddiluted14(0.10)(0.09)TheabovestatementofprofitorlossandothercomprehensiveincomeshouldbereadinconjunctionwiththeaccompanyingnotesFINANCIALREPORTFORTHEYEARENDE
67、D30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT15STATEMENTOFFINANCIALPOSITIONASAT30JUNE2013AustralianDollar($)Note30JUNE2013$30JUNE2012$CURRENTASSETSCashandcashequivalents15(a)803,290409,720Tradeandotherreceivables716,665378,174Otherassets8278,56332,485TOTALCURRENTASSETS1,098,518820,379NONCURRENTA
68、SSETSOtherfinancialassets9745,124771,543Plantandequipment10202,3524,297Explorationandevaluation expenditure115,402,7055,910,857TOTALNONCURRENTASSETS6,350,1816,686,697TOTALASSETS7,448,6997,507,076CURRENTLIABILITIESTradeandotherpayables12166,912445,324Provisions1217,5003,297TOTALCURRENTLIABILITIES184,
69、412448,621TOTALLIABILITIES184,412448,621NETASSETS7,264,2877,058,455EQUITYIssuedCapital13(a)23,464,95021,958,170Reserves13(c)(106,442)(88,993)Accumulatedlosses(16,094,221)(14,810,722)TOTALEQUITY7,264,2877,058,455TheabovestatementoffinancialpositionshouldbereadinconjunctionwiththeaccompanyingnotesFINA
70、NCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT16 STATEMENTOFCHANGESINEQUITYFORTHEYEARENDED30JUNE2013TheabovestatementofchangesinequityshouldbereadinconjunctionwiththeaccompanyingnotesAustralianDollar($)ISSUEDSHAREOPTIONEQUITYBENEFITSFAIRVALUEACCUMULATEDTOTALCAPITAL$RESERV
71、E$RESERVE$RESERVE$LOSSES$EQUITY$BALANCEAT1JULY201221,958,170(88,993)(14,810,722)7,058,455Totalcomprehensiveloss(17,449)(1,283,499)(1,300,948)Sharesissuedduringtheyear1,592,1181,592,118Optionsexercisedduringtheyear3232Shareissueexpense(85,370)(85,370)BALANCEAT30JUNE201323,464,950(106,442)(16,094,221)
72、7,264,287BALANCEAT1JULY201121,958,170169,250547,383243,399(14,587,190)8,331,012Totalcomprehensiveloss(332,392)(940,165)(1,272,557)SharesissuedduringtheyearShareissueexpenseTransferfrom share optionandequitybenefitsreserves(169,250)(547,383)716,633BALANCEAT30JUNE201221,958,170(88,993)(14,810,722)7,05
73、8,455FINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT17 STATEMENTOFCASHFLOWSFORTHEYEARENDED30JUNE2013AustralianDollar($)Note30JUNE2013$30JUNE2012$CASHFLOWSFROMOPERATINGACTIVITIESPaymentstosuppliersandemployees(452,202)(1,044,249)Interestreceived28,99851,579OtherGSTrefun
74、d25,071Incometaxrefund314,161Netcashoutflowsfromoperatingactivities15(b)(83,972)(992,670)CASHFLOWSFROMINVESTINGACTIVITIESProceedsfromsaleofplantandequipment5,000Proceedsfromthesaleoflistedinvestments21,01814,773Purchaseofplantandequipment(184,290)(3,611)Paymentsfordeferredexplorationexpenditure(626,
75、651)(302,140)Paymentsforperformancebonds(239,283)Netcashoutflowsfrominvestingactivities(1,029,206)(285,978)CASHFLOWFROMFINANCINGACTIVITIESProceedsfromissueofsharesnetofcapitalraisingcosts1,506,748Netcashinflowsfromfinancingactivities1,506,748Netdecreaseincashandcashequivalents393,570(1,278,648)Casha
76、ndcashequivalentsatthebeginningofthefinancialyear409,7201,688,368CASHANDCASHEQUIVALENTSATTHEENDOFTHEFINANCIALYEAR15(a)803,290409,720TheabovestatementofcashflowsshouldbereadinconjunctionwiththeaccompanyingnotesNOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT18
77、1CORPORATEINFORMATIONThefinancialreportofBeaconMineralsLimited(“Beacon”or“theCompany”)fortheyear1July2012to30June2013wasauthorizedforissueinaccordancewithacircularresolutionofthedirectorson17September2013.BeaconisaCompanylimitedbyshares,incorporatedinAustralia.TheCompanyssharesarepubliclytradedonthe
78、AustralianSecuritiesExchange.ThenatureoftheoperationsandprincipalactivityoftheCompanyismineralexploration.2SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES(a)BasisofPreparationoftheFinancialReportThefinancialreportisageneralpurposefinancialreport,whichhasbeenpreparedinaccordancewiththerequirementsoftheCorpora
79、tionsAct2001,AccountingStandardsandInterpretationsandcomplieswithotherrequirementsofthelaw.Thefinancialreporthasalsobeenpreparedonahistoricalcostbasis.ThefinancialreportispresentedinAustraliandollars.(b)GoingConcernThe directors have prepared the financial statements on a going concern basis,which c
80、ontemplatescontinuityofnormalbusinessactivitiesandtherealisationofassetsandextinguishmentofliabilitiesintheordinarycourseofbusiness.TheCompanyhasrecordedanetaccountinglossof$1,300,948andnetoperatingcashoutflowsof$83,972fortheyearended30June2013.TheDirectorshavedeterminedthatfutureequityraisingsordeb
81、tfinancingarrangementswillberequiredtoassistfundingoftheCompanysactivitiestomeettheCompanysobjectives.TheDirectorsareinvestigatinganumberofoptionsinrespectofequityanddebtfinancingarrangements.ThereisnocertaintythatthesewillbesuccessfullycompletedtoprovideadequateworkingcapitalfortheCompany.Shouldthe
82、Directorsbeunabletosuccessfullycompletedebtorequityfinancingarrangement,thereisamaterialuncertaintythatmaycastsignificantdoubtastowhethertheCompanywillbeabletorealizeitsassetsandextinguishitsliabilitiesinthenormalcourseofbusiness.Despite the uncertainty,the Board is confident that the Group will hav
83、e sufficient funds to finance itsoperationsinthe2013/2014FinancialYear.(c)AdoptionofnewandrevisedstandardsStandardsandInterpretationsapplicableto30June2013 Intheyearended30June2013,theDirectorshavereviewedallofthenewandrevisedStandardsandInterpretationsissuedbytheAASBthatarerelevanttotheCompanyandef
84、fectiveforthecurrentannualreportingperiod.Asaresultofthisreview,theDirectorshavedeterminedthatthereisnomaterialimpactofthenewandrevisedStandardsandInterpretationsontheCompanyand,therefore,nomaterialchangeisnecessarytoGroupaccountingpolicies.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMI
85、NERALSLIMITED2013ANNUALREPORT19 StandardsandInterpretationsissuednotyetadoptedTheDirectorshavealsoreviewedallnewStandardsandInterpretationsthathavebeenissuedbutarenotyeteffectivefortheyearended30June2013.AsaresultofthisreviewtheDirectorshavedeterminedthatthereisnomaterialimpact,ofthenewandrevisedSta
86、ndardsandInterpretationsontheCompanyand,therefore,nochangeisnecessarytoGroupaccountingpolicies.(d)StatementofcomplianceThefinancialreportcomplieswithAustralianAccountingStandards,whichincludeAustralianequivalentstoInternational Financial Reporting Standards(“AIFRS”).Compliance with AIFRS ensures tha
87、t the financialreport,comprising the financial statements and notes thereto,complies with International FinancialReportingStandards(“IFRS”).(e)IncomeTaxCurrentincometaxrefunded/(expensed)chargedtoprofitorlossistaxrefundable/(payable).Thoseamountsrecognisedareexpectedtoberecoveredfrom/(paidto)therele
88、vanttaxationauthority.Deferredincometaxisprovidedonalltemporarydifferencesatthebalancedatebetweenthetaxbasesofassetsandliabilitiesandtheircarryingamountsforfinancialreportingpurposes.Deferredincometaxliabilitiesarerecognisedforalltaxabletemporarydifferences:except where the deferred income tax liabi
89、lity arises from the initial recognition of an asset orliabilityinatransactionthatisnotabusinesscombinationand,atthetimeofthetransaction,affectsneitherthataccountingprofitnortaxableprofitorloss;and,inrespectoftaxabletemporarydifferencesassociatedwithinvestmentsinsubsidiaries,associatesandinterestsin
90、jointventures,exceptwherethetimingofthereversalofthetemporarydifferenceswillnotreverseintheforeseeablefuture.Deferredincometaxassetsarerecognisedforallthedeductibletemporarydifferences,carryforwardofunusedtaxassetsandunusedtaxlosses,totheextentthatitisprobablethattaxableprofitwillbeavailableagainstw
91、hichthedeductibletemporarydifferences,andthecarryforwardofunusedtaxassetsandunusedtaxlossescanbeutilised:exceptwherethedeferredincometaxassetrelatingtothedeductibletemporarydifferencearisesfromtheinitialrecognitionofanassetorliabilityinatransactionthatisnotabusinesscombinationand,atthetimeofthetrans
92、action,affectsneithertheaccountingprofitnortaxableprofitorloss;and,in respect of deductible temporary differences with investments in subsidiaries,associates andinterestinjointventures,deferredtaxassetsintheforeseeablefutureandtaxableprofitwillbeavailableagainstwhichthetemporarydifferencescanbeutili
93、sed.Thecarryingamountofdeferredincometaxisreviewedateachbalancedateandreducedtotheextentthatisnolongerprobablethatsufficienttaxableprofitwillbeavailabletoallowallorpartofthedeferredincometaxassettobeutilised.Deferredincometaxassetsandliabilitiesaremeasuredatthetaxratesthatareexpectedtoapplytotheyear
94、whentheassetisrealisedortheliabilityissettled,basedontaxrates(andtaxlaws)thathavebeenenactedorsubstantivelyenactedatthebalancedate.Incometaxesrelatingtoitemsrecogniseddirectlyinequityarenotrecognisedinequityandnotinprofitorloss.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED
95、2013ANNUALREPORT20(f)ExplorationandevaluationexpenditureExploration and evaluation expenditures incurred are capitalised in respect of each identifiable area ofinterest.Thesecostsareonlycapitalisedtotheextentthattheyareexpectedtoberecoveredthroughthesuccessfuldevelopmentoftheareaorwhereactivitiesint
96、heareahavenotyetreachedastagethatpermitsreasonableassessmentoftheexistenceofeconomicallyrecoverablereserves.Thecostofacquisitionofanareaofinterestandexplorationexpenditurerelatingtothatareaofinterestarecarriedforwardasanassetinthestatementoffinancialpositionintheyearinwhichtheyareincurred,wherethefo
97、llowingconditionsaresatisfied:(i)therightstotenureoftheareaofinterestarecurrent;and(ii)atleastoneofthefollowingconditionsisalsomet:a.theexplorationandevaluationexpendituresareexpectedtoberecoupedthroughsuccessfuldevelopmentandexplorationoftheareaofinterest,oralternately,byitssale;orb.explorationande
98、valuationactivitiesintheareaofinteresthavenot,atthereportingdate,reached a stage which permits a reasonable assessment of the existence or otherwiseeconomicallyrecoverablereserves.Explorationandevaluationassetsareassessedforimpairmentwhenfactsandcircumstancessuggestthattheircarryingamountexceedsthei
99、rrecoverableamountandwherethisisthecaseandimpairmentlossisrecognised.Where an impairment loss subsequently reverses,the carrying amount of the asset is increased to therevisedestimateofitsrecoverableamount,butonlytotheextentthattheincreasedcarryingamountdoesnotexceedthecarryingamountthatwouldhavebee
100、ndeterminedhadnoimpairmentlossbeenrecognisedfortheassetinthepreviousyear.Accumulatedcostsinrelationtoanabandonedareaarewrittenoffinfullagainstprofitintheyearinwhichthedecisiontoabandontheareaismade.Aregularreviewisundertakenofeachareaofinteresttodeterminetheappropriatenessofcontinuingtocapitalisecos
101、tsinrelationtothatareaofinterest.(g)RevenueRevenueisrecognisedtotheextentthatitisprobablethattheeconomicbenefitswillflowtotheCompanyandtherevenuecanbereliablymeasured.InterestRevenueisrecognisedastheinterestaccrues(usingtheeffectiveinterestmethod,whichistheratethatexactlydiscountsestimatedfuturecash
102、receiptsthroughtheexpectedlifeofthefinancialinstrument)tothenetcarryingamountofthefinancialasset.(h)CashandcashequivalentsCashandshorttermdepositsintheCompanysstatementoffinancialpositioncomprisesofcashatbankandinhandandshorttermdepositswithanoriginalmaturityofthreemonthsorless.ForthepurposesoftheCo
103、mpanysstatementofcashflows,cashandcashequivalentsconsistofcashandcashequivalentsasdefinedabove,netofoutstandingbankoverdrafts.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT21(i)EmployeebenefitsProvision is made for the Companys liability for employee benefit
104、s arising from services rendered byemployees to balance date.Employee benefits expected to be settled within one year together withentitlementsarisingfromwagesandsalariesandannualleavewhichwillbesettledafteroneyear,havebeenmeasuredattheamountsexpectedtobepaidwhentheliabilityissettled,plusrelatedonco
105、sts.OtheremployeebenefitspayablelaterthanoneyearhavebeenmeasuredatthepresentvalueoftheestimatedcashoutflowstobemadetothosebenefitsContributionsaremadebytheCompanytoemployeesuperannuationfundsandarechargedasexpenseswhenincurred.(j)ImpairmentofassetsTheCompanyassessesateachbalancedatewhetherthereisani
106、ndicationthatanassetmaybeimpaired.Ifanysuchindicationexists,orwhenannualimpairmenttestingforanassetisrequired,theCompanymakesanestimateoftheassetsrecoverableamount.Asassetsrecoverableamountisthehigherofitsfairvalue;lesscoststosellanditsvalueinuseandisdeterminedforanindividualasset,unlesstheassetdoes
107、notgeneratecashinflowsthatarelargelyindependentofthosefromotherassetsorgroupsofassetsandtheassetsvalueinusecannotbeestimatedtobeclosetoitsfairvalue.Insuchcasestheassetistestedforimpairmentaspartofthecashgeneratingunittowhichitbelongs.Whenthecarryingamountofanassetorcashgenerating unit exceeds its re
108、coverable amount,the asset or cashgenerating unit is consideredimpairedandiswrittendowntoitsrecoverableamount.Inassessingthevalueinuse,theestimatedfuturecashflowsarediscountedtotheirpresentvalueusingapretaxdiscountratethatreflectscurrentmarketassessmentsofthetimevalueofmoneyandtherisksspecifictothea
109、sset.Impairmentlossesrelatingtocontinuingoperationsarerecognisedinthoseexpensecategoriesconsistentwiththefunctionoftheimpairedassetunlesstheassetiscarriedatrevaluedamount(inwhichcasetheimpairmentlossistreatedasarevaluationdecrease).Anassessmentisalsomadeateachbalancedateastowhetherthereisanyindicati
110、onthatpreviouslyrecognisedimpairmentlossesmayno longerexistormayhavedecreased.Ifsuchindicationexists,therecoverableamountisestimated.Apreviouslyrecognisedimpairmentlossisreversedonlyiftherehasbeenachangeintheestimatesusedtodeterminetheassetsrecoverableamountsincethelastimpairmentlosswasrecognised.If
111、thatisthecasethecarryingamountoftheassetisincreasedtoitsrecoverableamount.That increased amount cannot exceed the carrying amount that would have been determined,net ofdepreciation,hadnoimpairmentlossbeenrecognisedfortheassetinprioryears.Suchreversalisrecognisedinprofitorlossunlesstheassetiscarrieda
112、trevaluedamount,inwhichcasethereversalistreatedasarevaluationincrease.Aftersuchareversalthedepreciationchargeisadjustedinfutureperiodstoallocatetheassetsrevisedcarryingamount,lessanyresidualvalue,onasystemicbasisoveritsremainingusefullife.(k)EarningspershareBasicearningspershareiscalculatedasnetloss
113、attributabletomembersoftheCompany,adjustedtoexcludeanycostsofservicingequity(otherthandividends)andpreferencesharedividends,dividedbytheweightedaveragenumberofordinaryshares,adjustedforanybonuselement.(l)Goodsandservicestax(GST)Revenues,expensesandassetsarerecognisednetoftheamountofGST,exceptwhereth
114、eamountofGSTincurredisnotrecoverablefromtheAustralianTaxationOffice(“ATO”).InthesecircumstancestheGSTisrecognisedaspartofthecostofacquisitionoftheassetoraspartofanitemoftheexpense.ReceivablesandpayablesinthestatementoffinancialpositionareshowninclusiveofGST.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30
115、JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT22 ThenetamountofGSTrecoverablefrom,orpayableto,theATOisincludedasacurrentassetorliabilityinthestatementoffinancialposition.CashFlowsareincludedinthestatementofcashflowsonanetbasis.TheGSTcomponentsofcashflowsarising from investing and financial activitie
116、s which are recoverable from,or payable to,the ATO areclassifiedasoperatingcashflows.(m)InvestmentsAllinvestmentsareinitiallyrecognisedatcost,beingthefairvalueoftheconsiderationgivenandincludingacquisitionchargesassociatedwiththeinvestment.After initial recognition,investments,which are classified a
117、s held for trading and availableforsale,aremeasuredatfairvalue.Gainsorlossesoninvestmentsheldfortradingarerecognisedinthestatementofcomprehensiveincome.Gainsorlossesonavailableforsaleinvestmentsarerecognisedasaseparatecomponentofequityuntiltheinvestmentissold,collectedorotherwisedisposedof,oruntilth
118、einvestmentisdeterminedtobeimpaired,atwhichtimethecumulativegainorlosspreviouslyreportedinequityisincludedinthestatementofcomprehensiveincome.(n)FinancialassetsFinancial assets and financial liabilities are recognised in the statement of financial position when theCompany becomes party to the contra
119、ctual provisions of the financial instrument.A financial asset isderecognisedwhenthecontractualrightstothecashflowsfromthefinancialassetsexpireoraretransferredandnolongercontrolledbytheentity.Afinancialliabilityisremovedfromthestatementoffinancialpositionwhentheobligationspecifiedinthecontractisdisc
120、hargedorcancelledorexpires.Financialassetsandfinancialliabilitiesclassifiedasheldfortradingaremeasuredatfairvaluethroughprofitorloss.Uponinitialrecognitionafinancialassetorfinancialliabilityisdesignatedasatfairvaluethroughprofitorlosswhen:(a)anentirecontractcontainingoneormoreembeddedderivativesisde
121、signatedasafinancialassetorfinancialliabilityatfairvaluethroughprofitorloss;(b)doingsoresultsinmorerelevantinformation,becauseeither:(i)iteliminatesorsignificantlyreducesameasurementorrecognitioninconsistencythatwouldotherwisearisefrommeasuringassetsorliabilitiesorrecognizinggainsorlossesonthemondif
122、ferentbases;or(ii)agroupoffinancialassets,financialliabilitiesorbothismanagedanditsperformanceisevaluated on a fair value basis,in accordance with a documented risk management orinvestmentstrategy,andinformationabouttheCompanyisprovidedinternallyonthatbasistokeymanagementpersonnel.Investmentsinequit
123、yinstrumentsthatdonothaveaquotedmarketpriceinanactivemarket,andwhosefairvaluecannotbereliablymeasuredarenotdesignatedasatfairvaluethroughprofitorloss.Againorlossarisingfromachangeinthefairvalueofafinancialassetorfinancialliabilityclassifiedasatfairvaluethroughprofitorlossisrecognisedinprofitorloss.F
124、inancialassetsnotmeasuredatfairvaluecomprise:NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT23(a)loansandreceivablesbeingnonderivativefinancialassetswithfixedordeterminablepaymentsthatare not quoted in an active market.These are measured at amortised cost usi
125、ng the effectiveinterestratemethod;(b)heldtomaturity investments being nonderivative financial assets with fixed or determinablepaymentsandfixedmaturitythatwillbeheldtomaturity.Thesearemeasuredatamortisedcostusingtheeffectiveinterestmethod;and,(c)investmentsinequityinstrumentsthatdonothaveaquotedmar
126、ketpriceinanactivemarketandwhosefairvaluecannotbereliablymeasured.Thesearemeasuredatcosttogetherwithderivativesthatarelinkedtoandmustbesettledbythedeliveryofsuchinvestments.Availableforsalefinancialassetsarenonderivativefinancialassets,whicharedesignatedasavailableforsaleorthatarenotclassifiedasloan
127、sandreceivables,heldtomaturityinvestmentsorfinancialassetsasatfairvaluethroughprofitorloss.Againorlossarisingfromachangeinthefairvalueofanavailableforsalefinancialassetisrecogniseddirectlyinequity,throughthestatementofchangesinequity(exceptforimpairmentlossesandforeignexchangegainsorlosses)untilthef
128、inancialassetisderecognisedatwhichtimethecumulativegainorlosspreviouslyrecognisedinequityisrecognisedinprofitorloss.Regularwaypurchasesoffinancialassetsareaccountedforasfollows:financialassetsheldfortradingattradedate heldtomaturityinvestmentsattradedate loansandreceivablesattradedate availableforsa
129、lefinancialassetsattradedateExceptforthefollowingallfinancialliabilitiesaremeasuredatamortisedcostusingtheeffectiveinterestratemethod:(a)financialliabilitiesatfairvaluethroughprofitorlossandderivativesthatareliabilitiesmeasuredatfairvalue;and(b)financialliabilitiesthatarisewhenatransferoffinancialas
130、setdoesnotqualifyforderecognitionorareaccountedforusingthecontinuinginvolvementapproach.Theamortisedcostofafinancialassetorafinancialliabilityistheamountinitiallyrecognisedminusprincipalrepayments,plus or minus cumulative amortisation of any difference between the initial amount andmaturityamountand
131、minusanywritedownforimpairmentoruncollectability.(o)PlantandequipmentPlantandequipmentisstatedatcostlessaccumulateddepreciationandanyaccumulatedimpairmentlosses.Depreciationiscalculatedonadiminishingvaluebasisovertheestimatedusefullifeoftheassetsasfollows:Plantandequipment27yearsMotorvehicles25years
132、Theassetsresidualvalues,usefullivesandamortisationmethodsarereviewed,andadjustedifappropriate,ateachfinancialyearend.(p)ContributedequityOrdinarysharesandoptionsareclassifiedascontributedequity.Incrementalcostsdirectlyattributabletotheissueofnewsharesoroptionsareshowninequityasadeduction,netoftax,fr
133、omtheproceeds.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT24(q)SignificantaccountingestimatesandjudgementsTheapplicationofaccountingpoliciesrequirestheuseofjudgements,estimatesandassumptionsaboutcarryingvaluesofassetsandliabilitiesthatarenotreadilyapparent
134、fromothersources.Theestimatesandassociated assumptions are based on historical experience and other factors that are considered to berelevant.Actualresultsmaydifferfromtheseestimates.Theestimatesandunderlyingassumptionsarereviewedonanongoingbasis.Revisionsarerecognisedintheperiodinwhichtheestimateis
135、revisedifitaffectsonlythatperiod,orintheperiodoftherevisionandfutureperiodsiftherevisionaffectsbothcurrentandfutureperiods.ExplorationandevaluationcostscarriedforwardTherecoverabilityofthecarryingamountofexplorationandevaluationcostscarriedforwardhasbeenreviewedbythedirectors.Inconductingthereview,t
136、herecoverableamounthasbeenassessedbyreferencetothehigheroffairvaluelesscoststosellandvalueinuse.Indeterminingvalueinuse,futurecashflowsarebasedon:Estimatesoforereservesandmineralresourcesforwhichthereisahighdegreeofconfidenceofeconomicextraction;Estimatedproductionandsaleslevels;Estimatefuturecommod
137、ityprices;Futurecostsofproduction;Futurecapitalexpenditure;and/or Futureexchangerates.Variations to expected future cash flows,and timing thereof,could result in significant changes to theimpairmenttestresults,whichinturncouldimpactfuturefinancialresults.ImpairmentofavailableforsalefinancialassetsTh
138、e Group follows the guidance of AASB 139 Financial Instruments:Recognition and Measurement todetermine when an availableforsale financial asset is impaired.The determination requires significantjudgement.Inmakingthisjudgement,theCompanyevaluates,amongotherfactors,thedurationandextenttowhichthefairva
139、lueofaninvestmentsislessthanitscostandthefinancialhealthofandshorttermbusinessoutlookfortheinvestee,includingfactorssuchasindustryandsectorperformance,changesintechnologyandoperationalandfinancingcashflows.(r)ComparativeinformationComparative information has been amended where necessary to ensure co
140、mpliance with current yeardisclosures.3REVENUE30JUNE 2013$30JUNE 2012$Interest26,33356,335Gainonsaleoflistedinvestments12,0484,008Other4,92224,77443,30385,117NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT25 4ADMINISTRATIONEXPENSESAdministrationexpensesinclud
141、ethefollowingexpenses:30JUNE 2013$30JUNE2012$Depreciationofplantandequipment1,2623,103Accountingexpenses54,844122,148ASXfees26,826 24,174Consultingfees515,794Shareregistryfees34,99357,238Rentexpenses136,323Legalfees34,50081,649Promotionsandadvertising16,331Travelandaccommodation4,34467,460Wagesandsa
142、laries54,734118,344Superannuationexpense4,50012,223Otherexpenses95,507132,696311,5101,287,4835INCOMETAX(a)Primafacieincometaxbenefitat30%onlossfromordinaryactivitiesisreconciledtotheincometaxprovidedinthefinancialstatements 30JUNE 2013$30JUNE 2012$Lossbeforeincometax(1,283,499)(1,254,326)Incometaxca
143、lculatedat30%(385,050)(376,298)Taxeffectof;Expensesnotallowed7851,811Temporarydifferences111,363(125,114)Section40880deduction(43,419)ResearchandDevelopmentrebate314,161Futureincometaxbenefitnotbroughttoaccount316,321499,601Incometaxattributabletooperatinglosses314,161(b)DeferredtaxassetsThe potenti
144、al deferred tax asset arising from the tax losses and temporary differences have not beenrecognisedasanassetbecauserecoveryoftaxlossesisnotyetprobable.30JUNE 2013$30JUNE 2012$Australianaccumulatedtaxlosses4,494,9944,178,673Provisionsnetofprepayments9,968(57,363)Deferredexplorationexpenditure(1,620,8
145、12)(1,773,257)Section40880deduction62,73480,542Unrecogniseddeferredtaxassetsrelatingtotheabovetemporarydifferences2,946,8842,428,595NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT26 Thebenefitswillonlybeobtainedif;(i)TheCompanyderivesfutureassessableincomeofa
146、natureandofanamountsufficienttoenablethebenefitfromthedeductionforthelossestoberealised.(ii)TheCompanycontinuestocomplywiththeconditionsindeductibilityimposedbytheLaw;and(iii)No change in tax legislation adversely affected the Company in realising the benefits from thedeductionsorthelosses.6AUDITORS
147、REMUNERATIONAmountsreceivedordueandreceivablebytheCompanysAuditors;30JUNE 2013$30JUNE 2012$AuditingandreviewoftheCompanysfinancialstatements23,75029,22023,75029,2207RECEIVABLESANDOTHERASSETSTradeandOtherReceivablesOtherreceivable30JUNE2013$2,26730JUNE2012$24,544GSTrefund14,39839,469IncometaxrefundRe
148、searchandDevelopmentrebate314,16116,665378,174Other receivable includes amounts outstanding for reimbursements of NIL(2012:$19,218)and accruedinterestof$2,267(2012:$5,326).GSTamountsarenoninterestbearingandhaverepaymenttermsapplicableundertherelevantgovernmentauthorities.8OTHERASSETSShorttermdeposit
149、s30JUNE2013$266,67730JUNE2012$27,000Prepayments11,8865,485278,56332,4859OTHERFINANCIALASSETS30JUNE201330JUNE2012$Investmentinlistedshares(availableforsaleassets)Atcost851,565860,536Revaluationtofairvalue(106,441)(88,993)745,124771,543Availableforsaleassetsconsistofinvestmentsinordinaryshares,andther
150、eforehavenofixedmaturitydateorcouponrate.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT27 10PLANTANDEQUIPMENT30JUNE201330JUNE2012$PlantandEquipmentAtcost231,95212,571Less:accumulateddepreciation(29,600)(8,274)Totalplantandequipment202,3524,297Plantandequipme
151、ntCarryingamountatthebeginningoftheyear30JUNE2013$4,29730JUNE2012$11,682Additions146,0503,611Disposals(7,893)Depreciationexpense(11,286)(3,103)Totalcarryingamountatendoftheyear139,0614,297MotorVehiclesCarryingamountatthebeginningoftheyear30JUNE2013$30JUNE2012$Additions73,331DisposalsDepreciationexpe
152、nse(10,040)Totalcarryingamountatendoftheyear63,29111DEFERREDEXPLORATIONEXPENDITURE30JUNE201330JUNE2012$ExplorationandevaluationatcostBalanceatthebeginningoftheyear5,910,8575,467,268Expenditureincurred507,140495,549Expenditurewrittenoff(i)(1,015,292)(51,960)5,402,7055,910,857(i)DuringtheyeartheCompan
153、yrelinquishedELA77/1364,ELA77/1392,E77/1711,E77/1712andE77/1714.Therecoupmentofcostscarriedforwardinrelationtoareasofinterestintheexplorationandevaluationphasesisdependentonthesuccessfuldevelopmentandcommercialexploitationonsaleoftherespectivearea.12CURRENTLIABILITIES30JUNE201330JUNE2012$Tradeandoth
154、erpayables166,912445,324Provisionsemployeeentitlement17,5003,297184,412448,621TradeandotherpayablesamountsrepresentliabilitiesforgoodsandservicesprovidedtotheCompanypriortotheendofthefinancialyearwhichareyettobepaid.Theamountsareunsecuredandareusuallypaidwithin30daysofrecognition.NOTESTOTHEFINANCIAL
155、REPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT28 13ISSUEDCAPITAL(a)Issuedandpaidupcapital30JUNE201330JUNE2012$Atthebeginningofreportingyear21,958,17021,958,170Sharesissuedduringtheyear(i)1,592,118Sharesissuedpursuanttoexerciseofoptions32Transactioncosts(85,370)Atreportingdate1
156、,393,109,196(30June2012:995,073,426)fullypaidordinaryshares23,464,95021,958,170(i)On14September2012theCompanyannounceda2for5nonrenounceableentitlementissueofsharesatanissuepriceof$0.004pershare.Theentitlementissuewasfullysubscribedfor.MovementinOrdinarySharesNumberNumberAtthebeginningofreportingyear
157、995,073,426995,073,426Sharesissuedduringtheyear(i)398,029,370Sharesissuedpursuanttoexerciseofoptions6,400Atreportingdate1,393,109,196995,073,426(i)On14September2012theCompanyannounceda2for5nonrenounceableentitlementissueofsharesatanissuepriceof$0.004pershare.Ordinary shares entitle the holder to par
158、ticipate in dividends and the proceeds on winding up of theCompanyinproportiontothenumberofandamountspaidonthesharesheld.Onashowofhandseveryholderofordinarysharespresentatameetinginpersonorbyproxy,isentitledtoonevoteanduponapolleachshareisentitledtoonevote.(a)OptionReserves20132012Movementin$0.00530
159、September2015Options(i)NumberNumberAtthebeginningofthereportingperiodIssuedduringtheyear(ii)398,029,370Exercisedduringtheyear(6,400)Atreportingdate398,022,970(i)Eachoptionentitlestheholdertosubscribetooneshareatanissuepriceof$0.005onorbefore30September2015.(ii)On14September2012theCompanyannounceda2f
160、or5nonrenounceableentitlementissueofsharesatanissuepriceof$0.004pershare.1for1freeoptionwasattachedtonewsharesacquiredundertheentitlementissue.Theentitlementissuewasfullysubscribedfor.20132012Movementin$0.271August2012Options(iii)NumberNumberAtthebeginningofthereportingperiod150,000150,000Expiryofop
161、tions(150,000)Atreportingdate150,000(iii)Eachoptionentitledtheholdertosubscribetooneshareatanissuepriceof$0.27onorbefore1August2012.Theoptionslapsedonthe1August2012.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT29 (c)FairValueReserve(i)30JUNE201330JUNE2012$A
162、tthebeginningofthereportingperiod(88,993)243,399Revaluationoflistedinvestments(17,449)(332,392)(106,442)(88,993)(i)Thefairvaluereserverecordsthemovementinthemarketvalueat30June2013oftheinvestmentinlistedsharesheldbyCompany.(d)EquityBenefitsReserve(i)30JUNE201330JUNE2012$Atthebeginningofthereportingp
163、eriod547,383Transferfromreservetoaccumulatedlosses(547,383)(i)Theequitybenefitsreserverecordsthevalueofequitybenefitsprovidedtoemployees,directorsandconsultantsaspartoftheirremuneration.At30June2012thesebenefitshadlapsed.(e)OptionPremiumReserve(i)30JUNE201330JUNE2012$Atthebeginningofthereportingperi
164、od169,250Transferfromreservetoaccumulatedlosses(169,250)(i)Thisoptionpremiumreserverecordedtheproceedsfromtheissueofoptionsat$0.01aspertheprospectusdated16February2007.At30June2012theseoptionshadbeenexercised.14LOSSPERSHARE 30JUNE2013$30JUNE2012$Basiclosspershareafterincometaxattributabletomembersof
165、theCompany(centspershares)(0.10)(0.09)Basiclosspershare(centspershare)(0.10)(0.09)Earningsusedincalculationoftotaldilutedearningspershare(1,283,499)(940,165)Earningsusedinthecalculationofdilutedearningspershare(1,283,499)(940,165)NumberNumberWeightedaveragenumberofsharesonissueduringthefinancialyear
166、usedinthecalculationofbasicearningspershare1,261,855,716995,073,426Weightedaveragenumberofordinarysharesfordilutedearningspershare1,261,855,716995,073,426NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT30 15NOTESTOTHESTATEMENTOFCASHFLOWS(a)Reconciliationofcash
167、andcashequivalentsForthepurposesofthestatementofcashflows,cashandcashequivalentsconsistofcashatbankandinhandandshorttermdepositswithanoriginalmaturityofthreemonthsorless,netofoutstandingbankoverdrafts.30JUNE 2013$30JUNE 2012$CurrentCashatbank803,290409,720803,290409,720(b)Reconciliationoflossafterta
168、xtonetcashflowsfromoperations30JUNE2013$30JUNE 2012$Lossafterincometax(1,283,499)(940,165)Depreciationofplantandequipment1,2623,103Explorationanddevelopmentexpenditurewrittenoff1,015,29251,960Gainonsaleofinvestment26,419(4,008)(Increase)/decreaseinassetsTradeandotherreceivablesPrepayments302,615(6,4
169、00)(288,021)(226)Increase/(decrease)inliabilitiesTradeandotherpayables(139,661)184,687Netcashoutflowsfromoperatingactivities(83,972)(992,670)16KEYMANAGEMENTPERSONNEL(a)DetailsofkeymanagementpersonnelDirectorsandExecutivesGeoffreyGreenhillExecutiveChairmanGrahamMcGarryManagingDirectorMarcusMichaelExe
170、cutiveDirector(b)Compensationofkeymanagementpersonnel30JUNE201330JUNE 2012$Salary,feesandleave150,000344,100Nonmonetary7,2607,260Postemploymentbenefitssuperannuation13,5004,815Terminationbenefits100,000170,760456,175The Company has applied the option under Corporations Amendments Regulation 2006 to
171、transfer keymanagement personnel remuneration disclosures required by AASB 124 Related Party Disclosuresparagraphs Aus 25.4 to Aus 25.7.2 to the Remuneration Report section of the Directors Report.Thesetransferreddisclosureshavebeenaudited.NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMIN
172、ERALSLIMITED2013ANNUALREPORT31(c)OrdinaryshareholdingsofkeymanagementpersonnelDirectorsBalanceat1July2012OptionsexercisedduringtheyearNetotherchange(iii),(iv),(v)Balanceat30June2013GeoffreyGreenhill10,825,00049,038,33459,863,334GrahamMcGarry20,375,00063,858,33384,233,333MarcusMichael6,800,00051,428,
173、33358,228,333Total38,000,000164,325,000202,325,000DirectorsBalanceat1July2011(i)OptionsexercisedduringtheyearNetotherchange(iii)Balanceat30June2012(ii)GeoffreyGreenhill10,825,00010,825,000GrahamMcGarry20,375,00020,375,000MarcusMichael6,800,0006,800,000PaulLloyd6,180,0005,000,00011,180,000DarrylHarri
174、s1,178,0005,000,0006,178,000MatthewEgan1,521,9471,521,947Total46,879,94710,000,00056,879,947(i)Balanceat1July2011oratthedatetheDirectorwasappointedbytheCompanyifappointedafter1July2011.(ii)Balanceat30June2012oratdateofretirementforDirectorswhoretiredonorbefore30June2012.(iii)Onmarkettransactionforca
175、shconsideration.(iv)AcquiredunderEntitlementIssueProspectusdated17September2012.(v)AcquiredunderanunderwritingagreementwiththeCompanytounderwritesharesissuedundertheEntitlementIssueProspectusdated17September2012.(d)OptionholdingsofkeymanagementpersonnelDirectorsBalanceat1July2012Optionsexercisedduri
176、ngtheyearNetotherchange(i),(ii),(iii)Balanceat30June2013GeoffreyGreenhill42,371,66742,371,667GrahamMcGarry46,191,66746,191,667MarcusMichael40,761,66640,761,666Total129,325,000129,325,000DirectorsBalanceat1July2011OptionsexercisedduringtheyearNetotherchangeBalanceat30June2012GeoffreyGreenhillGrahamMc
177、GarryMarcusMichaelPaulLloydDarrylHarrisMatthewEganTotal(i)Onmarkettransactionforcashconsideration.(ii)AcquiredunderEntitlementIssueProspectusdated17September2012.(iii)AcquiredunderanunderwritingagreementwiththeCompanytounderwritesharesissuedundertheEntitlementIssueProspectusdated17September2012.NOTE
178、STOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT32(e)OthertransactionsandbalanceswithKeyManagementPersonnelTheDirectorsonthe10September2012enteredintoseparateagreementswiththeCompany,wherebytheDirectorswillunderwriteatotalof$600,000ofthesharesissuedundertheEntitle
179、mentIssueProspectusdated17September2012.UndertheagreementstheDirectorswillbeentitledtoanunderwritingfeeof5%oftheunderwrittenamount.EachDirectorreceivedafeeof$10,000underthisagreement.MrMichaelisadirectorandhasabeneficialinterestinMarshallMichaelCharteredAccountants.StaffofMarshall Michael Pty Ltd,in
180、cluding the Company Secretary Sarah Shipway,has provided corporatesecretarial,accounting,bookkeepingandgeneraladministrativeservicesduringtheyear.Amountsthathavebeenpaidorarepayabletotal$71,988(2012:$56,160).17COMMITMENTSANDCONTINGENCIES(a)CommitmentMineralexplorationcommitmentInordertomaintainthecu
181、rrentrightsoftenuretoexplorationtenements,theCompanyhasthefollowingdiscretionaryexplorationexpenditurerequirements.30JUNE 2013$30JUNE 2012$Notlaterthanoneyear278,969382,500Laterthanoneyearbutnotlaterthanfiveyears2,069,000Laterthanfiveyears278,9692,451,50018EVENTSSUBSEQUENTTOBALANCEDATEOn9July2013the
182、CompanyannouncedthatithadreachedanagreementwithDuketonConsolidatedPtyLtd(“Duketon”)toacquireDuketons20%interestintheHalleysEastGoldProject.Asaresult,Beaconwillnowhave100%ownershipoftheHalleysEastGoldProject.Beaconissued100,000,000ordinarysharestoDuketonon9July2013asconsiderationfortheacquisitionofth
183、e20%interestintheHalleysEastGoldProject.50,000,000ofthesesharesaresubjectto12monthsvoluntaryescrowuntil9July2014.Beaconhasalsoagreedtopayaroyaltyof$36.00perounceofgoldrecoveredfromtheHalleysEastGoldProjectwithanadvancepaymentof$250,000,representingthefirst6,944ouncesofrecoveredGold.The$250,000paymen
184、twasmadeon22July2013.Otherthantheabovenoothermattersorcircumstanceshavearisensincetheendofthefinancialyearwhichsignificantly affected or could significantly affect the operations of the Company,the results of thoseoperations,orthestateoftheaffairsoftheCompanyinfuturefinancialyears.NOTESTOTHEFINANCIA
185、LREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT33 19FINANCIALINSTRUMENTS(a)InterestRateRiskTheCompanysexposuretointerestraterisk,whichistheriskthatthefinancialinstrumentsvaluewillfluctuateasaresultofchangesinmarketinterestratesandtheeffectiveweightedaverageinterestratesonthose
186、financialassetsandfinancialliabilities,isasfollows:2013NoteFloatinginterestrateFixedinterestrateNoninterestbearingTotalWeightedaverageinterestrate$%FinancialassetsCashandcashequivalents15(a)790,06413,226803,2903.10Termdeposit8266,677266,6772.29Tradeandotherreceivables716,66516,665Availableforsalefin
187、ancialassets9745,124745,124Totalfinancialassets790,064266,677775,0151,831,756FinancialliabilitiesTradeandotherpayables12166,912166,912Totalfinancialliabilities166,912166,9122012NoteFloatinginterestrateFixedinterestrateNoninterestbearingTotalWeightedaverageinterestrate$%FinancialassetsCashandcashequi
188、valents15(a)409,720409,7201.21Termdeposit827,00027,0001.14Tradeandotherreceivables7378,174378,174Availableforsalefinancialassets9771,543771,543Totalfinancialassets409,72027,0001,149,7171,586,437FinancialliabilitiesTradeandotherpayables12445,324445,324Totalfinancialliabilities445,324445,324Basedonthe
189、cashandcashequivalentsbalancesat30June2013a1%movementininterestrateswouldincrease/decreasethelossfortheyearbeforetaxationby$16,619(2012:$4,367).(b)CreditRiskThemaximumexposuretocreditrisk,excludingthevalueofanycollateralorothersecurity,atbalancedatetorecognisedfinancialassetsisthecarryingamountoftho
190、seassets,netofanyallowancefordoubtfuldebts,asdisclosedinthestatementoffinancialpositionandnotestothefinancialreport.TheCompanydoesnothaveanymaterialcreditriskexposuretoanysingledebtororgroupofdebtorsunderfinancialinstrumentsenteredintobytheCompany.(c)FairvalueoffinancialinstrumentsAASB7FinancialInst
191、ruments:Disclosureswhichrequiresdisclosureoffairvaluemeasurementsbylevelofthefollowingfairvaluemeasurementhierarchy:NOTESTOTHEFINANCIALREPORTFORTHEYEARENDED30JUNE2013 BEACONMINERALSLIMITED2013ANNUALREPORT34 Quotesprocess(unadjusted)inactivemarketsforidenticalassetsorliabilities(level1);Inputsotherth
192、anquotedpricesincludedwithinLevel1thatareobservablefortheassetorliability,eitherdirectly(asprices)orindirectly(derivedfromprices)(level2);and Inputsfortheassetorliabilitythatarenotbasedonobservablemarketdata(unobservableinputs)(level3).Thefollowingtablepresentthegroupsassetsandliabilitiesmeasuredand
193、recognisedatfairvalueat30June2013.Level1Level2Level3Total$2013Availableforsalefinancialassets745,124745,124745,124745,1242012Availableforsalefinancialassets771,543771,543771,543771,543(d)FinancialriskmanagementTheCompanysfinancialinstrumentsconsistmainlyofdepositswithrecognisedbanks,investmentinbank
194、billsupto90days,accountsreceivableandaccountspayable.Liquidityismanaged,whensufficientfundsareavailable,byholdingsufficientfundsinacurrentaccounttoservicecurrentobligationsandsurplusfundsinvested in bank bills.The Directors analyse interest rate exposure and evaluate treasury managementstrategiesint
195、hecontextofthemostrecenteconomicconditionsandforecasts.The main risks the Company is exposed to through its financial instruments is the depository bankinginstitutionitself,holdingthefunds,andinterestrates.TheCompanyscreditriskisminimalasbeinganexplorationCompanyithasnosignificantfinancialassetsothe
196、rthancashandtermdeposits.(e)ForeignCurrencyRiskTheCompanyisnotexposedtoanyforeigncurrencyriskasat30June2013.(f)MarketPriceRiskExposuretomarketriskarisesonfinancialassetsrecognisedattheendofthereportingperiodwherebyachangeinmarketpricewillaffectfuturecashflowsorthefairvalueofthefinancialasset.Thefina
197、ncialassetwhichprimarilyexposestheGrouptomarketrateriskislistedinvestments.20SEGMENTREPORTINGFormanagementpurposes,theCompanyisorganisedintoonemainoperatingsegment,whichinvolvestheexplorationofmineralsinAustralia.AlloftheCompanysactivitiesareinterrelated,anddiscretefinancialinformationisreportedtoth
198、eBoardasasinglesegment.Accordingly,allsignificantoperatingdecisionsarebaseduponanalysisoftheCompanyasonesegment.ThefinancialresultsfromthissegmentareequivalenttothefinancialstatementsoftheCompanyasawhole.Theaccountingpoliciesappliedforinternalreportingpurposedareconsistentwiththoseappliedintheprepar
199、ationofthesefinancialstatements.DIRECTORSDECLARATION BEACONMINERALSLIMITED2013ANNUALREPORT35 IntheopinionoftheDirectorsofBeaconMineralsLimited(“theCompany”)(a)The financialstatements and the notes and the additional disclosures included inthedirectorsreport(designatedasaudited)oftheCompanyareinaccor
200、dancewiththeCorporationsAct2001,including:(i)GivingatrueandfairviewoftheCompanysfinancialpositionasat30June2013andofitsperformancefortheyearendedthatdate;and(ii)ComplyingwithAccountingStandardsandCorporationsRegulations2001,and:(b)TherearereasonablegroundstobelievethattheCompanywillbeabletopayitsdeb
201、tsasandwhentheybecomedueandpayable.(b)The financial statements and notes comply with International Financial Reporting Standards asdisclosedinNote2.Thisdeclarationhasbeenmadeafterreceivingthedeclarationsrequiredtobemadetothedirectorsinaccordancewithsection295AoftheCorporationsAct2001forthefinancialy
202、earended30June2013.SignedinaccordancewitharesolutionoftheDirectorsmadepursuanttos295(5)oftheCorporationsAct2001.OnbehalfoftheBoardGeoffreyGreenhillExecutiveChairmanDatedthis17September2013Perth,WesternAustralia HLB Mann Judd(WA Partnership)ABN 22 193 232 714 Level 4,130 Stirling Street Perth WA 6000
203、.PO Box 8124 Perth BC 6849 Telephone+61(08)9227 7500.Fax+61(08)9227 7533.Email:.au.Website:http:/.au Liability limited by a scheme approved under Professional Standards Legislation HLB Mann Judd(WA Partnership)is a member of International,a worldwide organisation of accounting firms and business adv
204、isers.AUDITORS INDEPENDENCE DECLARATION As lead auditor for the audit of the financial report of Beacon Minerals Limited for the year ended 30 June 2013,I declare that to the best of my knowledge and belief,there have been no contraventions of:a)the auditor independence requirements of the Corporati
205、ons Act 2001 in relation to the audit;and b)any applicable code of professional conduct in relation to the audit.Perth,Western Australia 17 September 2013 N G Neill Partner 36 HLB Mann Judd(WA Partnership)ABN 22 193 232 714 Level 4,130 Stirling Street Perth WA 6000.PO Box 8124 Perth BC 6849 Telephon
206、e+61(08)9227 7500.Fax+61(08)9227 7533.Email:.au.Website:http:/.au Liability limited by a scheme approved under Professional Standards Legislation HLB Mann Judd(WA Partnership)is a member of International,a worldwide organisation of accounting firms and business advisers.INDEPENDENT AUDITORS REPORT T
207、o the members of Beacon Minerals Limited Report on the Financial Report We have audited the accompanying financial report of Beacon Minerals Limited(“the company”),which comprises the statement of financial position as at 30 June 2013,the statement of comprehensive income,the statement of changes in
208、 equity and the statement of cash flows for the year then ended,notes comprising a summary of significant accounting policies and other explanatory information,and the directors declaration for Beacon Minerals Limited.Directors responsibility for the financial report The directors of the company are
209、 responsible for the preparation of the financial report that gives a true and fair view in accordance with Australian Accounting Standards and the Corporations Act 2001 and for such internal control as the directors determine is necessary to enable the preparation of the financial report that is fr
210、ee from material misstatement,whether due to fraud or error.In Note 2(d),the directors also state,in accordance with Accounting Standard AASB 101:Presentation of Financial Statements,that the financial report complies with International Financial Reporting Standards.Auditors responsibility Our respo
211、nsibility is to express an opinion on the financial report based on our audit.We conducted our audit in accordance with Australian Auditing Standards.Those standards require that we comply with relevant ethical requirements relating to audit engagements and plan and perform the audit to obtain reaso
212、nable assurance whether the financial report is free from material misstatement.An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial report.The procedures selected depend on the auditors judgement,including the assessment of the risks of
213、 material misstatement of the financial report,whether due to fraud or error.In making those risk assessments,the auditor considers internal control relevant to the companys preparation and fair presentation of the financial report in order to design audit procedures that are appropriate in the circ
214、umstances,but not for the purpose of expressing an opinion on the effectiveness of internal control.An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the directors,as well as evaluating the overall presentation of
215、 the financial report.Our audit did not involve an analysis of the prudence of business decisions made by directors or management.We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.Independence In conducting our audit,we have co
216、mplied with the independence requirements of the Corporations Act 2001.37 Auditors opinion In our opinion:(a)the financial report of Beacon Minerals Limited is in accordance with the Corporations Act 2001,including:(i)giving a true and fair view of the entitys financial position as at 30 June 2013 a
217、nd of its performance for the year ended on that date;and (ii)complying with Australian Accounting Standards and the Corporations Regulations 2001;and (b)the financial report also complies with International Financial Reporting Standards as disclosed in Note 2(d).Emphasis of Matter Without modifying
218、 our opinion,we draw attention to Note 2(b)of the financial report which indicates that should the Directors be unable to successfully complete debt or equity financing arrangements,there is a material uncertainty that may cast significant doubt as to whether the Company will be able to realize its
219、assets and extinguish its liabilities in the normal course of business.Report on the Remuneration Report We have audited the remuneration report included in the directors report for the year ended 30 June 2013.The directors of the company are responsible for the preparation and presentation of the r
220、emuneration report in accordance with section 300A of the Corporations Act 2001.Our responsibility is to express an opinion on the remuneration report,based on our audit conducted in accordance with Australian Auditing Standards.Auditors opinion In our opinion the remuneration report of Beacon Miner
221、als Limited for the year ended 30 June 2013 complies with section 300A of the Corporations Act 2001.HLB Mann Judd Chartered Accountants N G Neill Partner Perth,Western Australia 17 September 2013 38CORPORATEGOVERNANCESTATEMENT BEACONMINERALSLIMITED2013ANNUALREPORT39 ThisCorporateGovernanceStatements
222、etsouttheCompanyscurrentcompliancewiththeASXCorporateGovernance Councils Corporate Governance Principles and Recommendations(Principles andRecommendations).ThePrinciplesandRecommendationsarenotmandatory.However,theCompanywillberequiredtoprovideastatementinitsfutureannualreportsdisclosingtheextenttow
223、hichtheCompanyhasfollowedthePrinciplesandRecommendations.TheBoardoftheCompanycurrentlyhasinplaceaCorporateGovernancePlanwhichhasbeenpostedinadedicatedcorporategovernanceinformationsectionoftheC.au.PRINCIPLESANDRECOMMENDATIONS1.LAYSOLIDFOUNDATIONSFORMANAGEMENTANDOVERSIGHT1.1Companies should establish
224、 the functions reserved to the Board and those delegated to seniorexecutivesanddisclosethosefunctions.Compliant:YesThe Directors monitor the business affairs of the Company on behalf of Shareholders and haveadopted a Corporate Governance Plan which is designed to encourage Directors to focus theirat
225、tention on accountability,risk management and ethical conduct.The Companys CorporateGovernancePlanincludesaBoardCharter,whichdisclosesthespecificresponsibilitiesoftheBoard.The Companys Corporate Governance Plan is available on the Companys website .au.1.2 Companies should disclose the process for ev
226、aluating the performance of senior executives.Compliant:YesTheCompanydoesnotyethaveanyseniorexecutivesapartfromtheBoard.However,iftheCompanyappointsseniorexecutivesinthefuture,theBoardwillmonitortheperformanceofthoseseniorexecutivesincludingmeasuringactualperformanceofseniorexecutivesagainstplannedp
227、erformance.TheBoardhasadoptedapolicytoassistinevaluatingtheperformanceofseniorexecutives,whichiscontainedinSchedule6ofitsCorporateGovernancePlan(DisclosurePerformanceEvaluation).Given the current size and structure of the Board,the Board has not established a separatenominationcommitteetooverseethep
228、erformanceevaluationoftheseniorexecutives.Until a nomination committee is established,the Board will undertake the obligations of thenomination committee in connection with evaluating the performance of senior executives inaccordancewithSchedule6ofitsCorporateGovernancePlan.1.3Companies should provi
229、de the information indicated in the Guide to reporting on Principle 1.Compliant:YesTheCompanywillexplainanydeparturesfromPrinciplesandRecommendations1.1and1.2(ifany)initsfutureannualreports,includingwhetheraperformanceevaluationforseniorexecutives(ifanyexistatthattime)hastakenplaceinthereportingperi
230、odandwhetheritwasinaccordancewiththeprocessdisclosed.TheCompanyhasnotundertakenanyperformanceevaluationofanyseniorexecutiveinthelastreportingperiod.CORPORATEGOVERNANCESTATEMENT BEACONMINERALSLIMITED2013ANNUALREPORT40 TheCompanyhasadoptedaBoardCharter,whichdisclosesthespecificresponsibilitiesoftheBoa
231、rdand provides that the Board may delegate responsibility for the daytoday operations andadministrationoftheCompanytothechiefexecutiveofficer(ifappointed).TheBoardCharteriscontainedinSchedule1oftheCompanysCorporateGovernancePlanandtheNominationCommitteeCharteriscontainedinSchedule5oftheCompanysCorpo
232、rateGovernancePlan.2.STRUCTURETHEBOARDTOADDVALUE2.1AmajorityoftheBoardshouldbeindependentdirectors.Compliant:NoCurrentlytheCompanyhasnoindependentdirectors.TheCompanysCorporateGovernancePlanoutlinesthatthemajorityoftheBoardwillbecomprisedof nonexecutive directors,and where practical,at least 50%of t
233、he Board will be independent.However,theBoardconsidersthattheCompanyisnotcurrentlyofasize,norareitsaffairsofsuchcomplexity,tojustifytheexpenseofanappointmentofamajorityofindependentdirectors.ThecurrentBoardstructurepresentlyconsistsofanExecutiveChairman,aManagingDirectorandanExecutiveDirector.The Bo
234、ard believes that each of the Directors can make,and do make,quality and independentjudgementsinthebestinterestsoftheCompany.AnyDirectorwhohasaconflictofinterestinrelationtoaparticularitemofbusinessmustdeclaretheirconflictandabstainfromvotingorparticipatinginBoarddeliberationstowhichaconflictofinter
235、estrelates.2.2Thechairshouldbeanindependentdirector.Compliant:NoGeoffreyGreenhillistheExecutiveChairmanandisanotanIndependentDirector.TheCompanysCorporateGovernancePlanprovidesthattheChairman,wherepractical,shouldbeanonexecutiveDirector.TheBoardconsidersthattheCompanyisnotcurrentlyofasize,norareitsa
236、ffairsofsuchcomplexity,torequireanindependentChairman.ThiswillbereviewedastheCompanydevelops.2.3The roles of chair and chief executive officer should not be exercised by the same individual.Compliant:YesTheCompanysChairmanisGeoffreyGreenhillandtheManagingDirectorisGrahamMcGarry.TheCompanysCorporateG
237、overnancePlanprovides,wherepractical,thatthechiefexecutiveofficershouldnotbetheChairmanoftheCompanyduringhistermaschiefexecutiveofficeorinthefuture.2.4TheBoardshouldestablishanominationcommittee.Compliant:NoGiven the current size and structure of the Board,the Board has not established a separatenom
238、inationcommittee.MatterstypicallydealtwithbysuchacommitteearedealtwithbytheBoard.TheBoardmayalsoseekindependentadvicetoassistwiththeidentificationprocess.CORPORATEGOVERNANCESTATEMENT BEACONMINERALSLIMITED2013ANNUALREPORT41 2.5CompaniesshoulddisclosetheprocessforevaluatingtheperformanceoftheBoard,its
239、committeesandindividualdirectors.Compliant:NoThe Company will put a formal process in place as and when the Companys level of operationsjustifiesit.Currently,theBoardundertakestheobligationsofthenominationcommitteeinconnectionwith evaluating the performance of the Board,its committees and individual
240、 directors,and willcontinuetodosountilanominationcommitteeisestablished.2.6Companies should provide the information indicated in the Guide to reporting on Principle 2.Compliant:YesAdescriptionoftheskillsandexperienceofeachofthecurrentDirectorsisincludedontheC.au.GiventhecurrentsizeandstructureoftheB
241、oard,theCompanyhasnotfullycompliedwithPrinciple2ofASXCorporateGovernanceCouncilPrinciplesandRecommendations.However,itwillseektodosoasitdevelopsandtheBoardgrows.TheBoardCharterincludesastatementthattheBoardmayseekindependentprofessionaladviceattheCompanysexpense.TheBoardhasnotestablishedanominationc
242、ommitteeanditsfunctionsarecarriedoutbytheBoard.TheCompanywillprovidedetailsofanynewdirector,suchastheirskills,experienceandexpertiserelevanttotheirposition,togetherwithanexplanationofanydeparturesfromCGPrinciplesandRecommendations2.1,2.2,2.3,2.4and2.5initsfutureannualreports.3.PROMOTEETHICALANDRESPO
243、NSIBLEDECISIONMAKING3.1Companiesshouldestablishacodeofconductanddisclosethecodeorasummaryofthecodeasto:thepracticesnecessarytomaintainconfidenceintheCompanysintegrity;the practices necessary to take into account their legal obligations and the reasonableexpectationsoftheirstakeholders;and the respon
244、sibility and accountability of individuals for reporting and investigating reports ofunethicalpractices.Compliant:YesThe Companys Code of Conduct,which is included in Schedule 2 of the Companys CorporateGovernance Plan,aims to encourage the appropriate standards of conduct and behaviour of thedirect
245、ors,officersandemployeesoftheCompany.3.2Companiesshouldestablishapolicyconcerningdiversityanddisclosethepolicyorasummaryofthatpolicy.ThepolicyshouldincluderequirementsfortheBoardtoestablishmeasureableobjectivesforachievinggenderdiversityandfortheBoardtoassessannuallyboththeobjectivesandprogressinach
246、ievingthem.Compliant:YesThe Companys Diversity Policy,which is included in schedule 10 of the Companys CorporateGovernance Plan,recognises the benefits arising from employee and Board diversity,including abroader pool of high quality employees,improving employee retention,accessing differentperspect
247、ivesandideasandbenefitingfromallavailabletalent.Diversifyingincludes,butnotlimitedto,gender,age,ethnicityandculturalbackground.CORPORATEGOVERNANCESTATEMENT BEACONMINERALSLIMITED2013ANNUALREPORT42 3.3CompaniesshoulddiscloseineachannualreportthemeasureableobjectivesforachievingdiversitysetbytheBoardin
248、accordancewiththediversitypolicyandprogressinachievingthem.Compliant:NoDuetothelimitednumberofemployees,theCompanyhasnotyetsetmeasurableobjectivesforachieving gender diversity.The Company will consider establishing measurable objectives as itdevelops.3.4Companiesshoulddiscloseineachannualreportthepr
249、oportionofwomenemployeesinthewholeorganisation,womeninseniorexecutivepositionsandwomenontheBoard.Compliant:Yes2013PercentageWomenontheBoard0%WomeninSeniorManagementRole1100%WomenEmployees125%3.5Companies should provide the information indicated in the Guide to reporting on Principle 3.Compliant:Yes.
250、TheBoardwillincludeintheAnnualReporteachyear:measurableobjectives(ifany)setbytheBoard;progressagainsttheobjectives;and theproportionofwomenemployeesinthewholeorganisationatseniormanagementandatBoardlevel.TheCompanywillexplainanydeparturesfromCGPrinciplesandRecommendations3.1,3.2,3.3and3.4intheCorpor
251、ateGovernanceStatementanditsfutureannualreports.4.SAFEGUARDINTEGRITYINFINANCIALREPORTING4.1TheBoardshouldestablishanauditcommittee.Compliant:NoAformalAuditandRiskCommitteeCharterhasbeenadoptedbytheCompany,whichiscontainedinSchedule3oftheCompanysCorporateGovernancePlan.TheBoardconsidersthattheCompany
252、saffairsarenotcurrentlyofsuchcomplexitytojustifytheformationofseparateorspecialcommitteesatthistime.TheBoardasawholeisabletoaddressthegovernanceaspectsofthefullscopeoftheCompanysactivitiesandtoensurethatitadherestoappropriateethicalstandards.Inparticular,thefullBoardconsidersthosemattersthatwouldusu
253、allybetheresponsibilityofanauditcommitteeandanominationcommittee.TheBoardconsidersthat,atthis stage,no efficiencies or other benefits would be gained by establishing a separate auditcommitteeoraseparatenominationcommittee.4.2Theauditcommitteeshouldbestructuredsothatit:consistsonlyofnonexecutivedirec
254、tors;consistsofamajorityofindependentdirectors;ischairedbyanindependentchair,whoisnotchairoftheBoard;hasatleastthreemembers.Compliant:NoReferto4.1above.CORPORATEGOVERNANCESTATEMENT BEACONMINERALSLIMITED2013ANNUALREPORT43 4.3Theauditcommitteeshouldhaveaformalcharter.Compliant:YesAformalAuditandRiskCo
255、mmitteeCharterhasbeenadoptedbytheCompany,whichiscontainedinSchedule3oftheCompanysCorporateGovernancePlan.4.4Companies should provide the information indicated in the Guide to reporting on Principle 4.Compliant:YesThe Company does not have an audit committee.The Board carries out the duties of the au
256、ditcommittee.TheCompanywillexplainanydeparturesfromtheCGPrinciplesandRecommendations4.1,4.2and4.3(ifany)initsfutureannualreports.5.MAKETIMELYANDBALANCEDDISCLOSURE5.1Companies should establish written policies designed to ensure compliance with ASX Listing Ruledisclosurerequirementsandtoensureaccount
257、abilityataseniorexecutivelevelforthatcomplianceanddisclosethosepoliciesorasummaryofthosepolicies.Compliant:Yes.The Companys Continuous Disclosure Policy,which is contained in Schedule 7 of the CompanysCorporateGovernancePlan,isdesignedtoensurethecompliancewithASXListingRuledisclosureandtoensureaccou
258、ntabilityataseniorexecutivelevelforcomplianceandfactualpresentationoftheCompanysfinancialposition.TheCompanySecretaryhasbeennominatedasthepersonresponsibleforcommunicationswiththeASX.This role includes responsibility for ensuring compliance with the continuous disclosurerequirementsintheASXListingRu
259、lesandoverseeingandcoordinatinginformationdisclosuretotheASX,analysts,brokers,shareholders,themediaandthepublic.5.2CompaniesshouldprovidetheinformationindicatedinGuidetoReportingonPrinciple5.Compliant:Yes.The Company does not have an audit committee.The Board carries out the duties of the auditcommi
260、ttee.TheCompanywillprovideanexplanationofanydeparturesfromCGPrincipleandRecommendation5.1initsfutureannualreports.6.RESPECTTHERIGHTSOFSHAREHOLDERS6.1Companies should design a communications policy for promoting effective communication withshareholdersandencouragingtheirparticipationatgeneralmeetings
261、anddisclosetheirpolicyorasummaryofthatpolicy.Compliant:Yes.TheCompanyhasadoptedaShareholderCommunicationsStrategy,containedinSchedule11oftheCompanysCorporateGovernancePlan,whichaimstoensurethattheshareholdersoftheCompanyareinformedofallmajordevelopmentsaffectingtheCompanysstateofaffairs.Thestrategyp
262、rovidesthatinformationwillbecommunicatedtoshareholdersthrough:a)theAnnualReportwhichisavailableontheCompanyswebsite;b)theInterimFinancialReportwhichisplacedontheCompanyswebsite;c)thequarterlyreportswhichareplacedontheCompanyswebsite;CORPORATEGOVERNANCESTATEMENT BEACONMINERALSLIMITED2013ANNUALREPORT4
263、4 d)disclosuresandannouncementsmadetotheASX,copiesofwhichareplacedontheCompanyswebsite;e)notices and explanatory memoranda of Annual General Meetings(AGM)and ExtraordinaryGeneralMeetings(EGM),copiesofwhichareplacedontheCompanyswebsite;f)theChairmansaddressandtheManagingDirectorsaddressmadeattheAGMsa
264、ndtheEGMs,copiesofwhichareplacedontheCompanyswebsite;g)theCompanyswebsiteonwhichtheCompanypostsallannouncementswhichitmakestotheASX;andh)the auditors lead engagement partner being present at the AGM to answer questions fromshareholdersabouttheconductoftheauditandthepreparationandcontentoftheAuditors
265、Report.6.2Companies should provide the information indicated in the Guide to reporting on Principle 6.Compliant:YesTheCompanywillprovideanexplanationofanydeparturesfromCGPrincipleandRecommendation6.1(ifany)initsfutureannualreports.7.RECOGNISEANDMANAGERISK7.1Companiesshouldestablishpoliciesfortheover
266、sightandmanagementofmaterialbusinessrisksanddiscloseasummaryofthosepolicies.Compliant:YesandNo.GiventhecurrentsizeandstructureoftheBoard,theBoardhasnotestablishedaseparateauditcommittee.HowevertheAuditandRiskCommitteeChartercontainedintheCompanysCorporateGovernance Plan sets out the Companys policie
267、s for the oversight and management of materialbusinessrisks.TheBoardwillcarryoutthedutiesoftheauditcommitteeinaccordancewiththeformaltermsofreferencesetoutintheCompanysCorporateGovernancePlan.TheBoardisresponsiblefordeterminingtheCompanys“riskprofile”andisresponsibleforoverseeingandapprovingriskmana
268、gementstrategyandpolicies,internalcomplianceandinternalcontrol.7.2TheBoardshouldrequiremanagementtodesignandimplementtheriskmanagementandinternalcontrolsystemtomanagetheCompanysmaterialbusinessrisksandreporttoitonwhetherthoserisksarebeingmanagedeffectively.TheBoardshoulddisclosethatmanagementhasrepo
269、rtedtoitastotheeffectivenessoftheCompanysmanagementofitsmaterialbusinessrisks.Compliant:Yes.TheBoardscollectiveexperiencewillenableaccurateidentificationoftheprincipalrisksthatmayaffecttheCompanysbusinessinadditiontothoseidentifiedbytheAuditandRiskCommittee(onceestablished).Keyoperationalrisksandthe
270、irmanagementwillberecurringitemsfordeliberationatBoardMeetings.7.3The Board should disclose whether it has received assurance from the chief executive officer(orequivalent)andthechieffinancialofficer(orequivalent)thatthedeclarationprovidedinaccordancewithsection295AoftheCorporationsActisfoundedonaso
271、undsystemofriskmanagementandinternalcontrolandthatthesystemisoperatingeffectivelyinallmaterialrespectsinrelationtofinancialreportingrisks.Compliant:Yes.TheBoardwillseektherelevantassurancefromthechiefexecutiveofficerandchieffinancialofficer(ortheirequivalents)attherelevanttime.CORPORATEGOVERNANCESTA
272、TEMENT BEACONMINERALSLIMITED2013ANNUALREPORT45 7.4CompaniesshouldprovidetheinformationindicatedinGuidetoReportingonPrinciple7.Compliant:Yes.TheCompanywillprovideanexplanationofanydeparturesfromCGPrinciplesandRecommendations7.1,7.2and7.3(ifany)initsfutureannualreports.8.REMUNERATEFAIRLYANDRESPONSIBLY
273、8.1TheBoardshouldestablisharemunerationcommittee.Compliant:No.AformalRemunerationCommitteeCharterhasbeenadoptedbytheCompany,whichiscontainedinSchedule 4 of the Companys Corporate Governance Plan.However,given the current size andstructureoftheBoard,theBoardhasnotestablishedaseparateremunerationcommi
274、ttee.ThiswillbereviewedastheCompanyscircumstanceschange.Until a Remuneration Committee is established,the Board will carry out the duties of theRemunerationCommitteeinaccordancewiththeformaltermsofreferenceoftheRemunerationsetoutintheCompanysCorporateGovernancePlan.8.2Theremunerationcommitteeshouldb
275、estructuredsothatit:consistsofamajorityofindependentdirectors;ischairedbyanindependentdirector;and hasatleastthreemembers.Compliant:NoReferto8.1above.8.3Companiesshouldclearlydistinguishthestructureofnonexecutivedirectorsremunerationfromthatofexecutivedirectorsandseniorexecutives.Compliant:YesExecut
276、iveDirectorsremunerationpackagesmaycompriseof:fixedsalary;performancebasedbonuses;participationinanyshare/optionscheme;and statutorysuperannuation.NonexecutiveDirectorsreceivefixeddirectorsfeesonly,anddonotparticipateinanyperformancebased remuneration.Fixed Directors fees may be paid in the form of
277、cash,share options or acombinationofboth.Shareoptionsareissuedonsimilartermstopreviousissuesbytheentityandareconsideredtobeinlieuofcash,notbasedonperformanceoftheentity.Fullremunerationdisclosure,includingsuperannuationentitlementswillbeprovidedbytheCompanyinitsfutureannualreports.8.4Companies shoul
278、d provide the information indicated in the Guide to reporting on Principle 8.Compliant:Yes.TheCompanywillprovideanexplanationofanydeparturesfromCGPrinciplesandRecommendations8.1,8.2and8.3(ifany)initsfutureannualreports.SHAREHOLDERINFORMATION BEACONMINERALSLIMITED2012ANNUALREPORT46 1.Distributionofho
279、ldersat17September2013Asat17September2013thedistributionofshareholderswasasfollows:OrdinarysharesSizeofholdingNumberofholders11,001221,0015,000235,00110,0001810,001100,000309100,001andover1,182Total1,5542.VotingRightsTherearenorestrictionstovotingrightsattachedtotheordinaryshares.Onashowofhandsevery
280、memberpresentinpersonwillhaveonevoteanduponapoll,everymemberpresentorbyproxywillhaveonevoteeachshareheld.3.SubstantialshareholdersThenamesofthesubstantialshareholderswhohavenotifiedtheCompanyinaccordancewithSection671BoftheCorporationsAct2001are;ShareholderSharesheldPercentageofInterest%OceanicCapit
281、alPtyLtd106,200,3337.62%GrahamMcGarry73,233,3335.26%4.Top20ShareholdersThe names of the 20 largest shareholders as at 17September 2013 who hold 39.55%ofthe fully paidordinarysharesoftheCompanywereasfollows;ClassNumberOceanicCapitalPL113,696,510LamertonPL53,155,000GeodaPL50,530,000DuketonConsolidated
282、PL50,000,000DuketonConsolidatedPL50,000,000RiverfrontNomPL45,428,333FortyTradersLtd34,860,000YarandiInvPL30,000,000LamertonPL21,745,000SykesJohnBarrie+AE18,000,000StBarnabasInvPL15,687,500AlexanderBryanWilliam15,400,000KaissisRandall15,263,381MichaelMarcus+Kathryn12,800,000BECopymartPL12,600,000TreP
283、L11,424,000AWDConsPL10,000,000HallDavidIanR+DA10,000,000AlluaHldgsPL10,000,000SHAREHOLDERINFORMATION BEACONMINERALSLIMITED2012ANNUALREPORT47 AlluaHldgsPL10,000,0005.Top20OptionholdersThenamesofthe20largestoptionholdersasat17September2013whohold73.82%oftheoptionsoftheCompanywereasfollows;ClassNumberO
284、ceanicCapitalPL62,934,401LamertonPL40,455,000GeodaPL39,705,000RiverfrontNomPL29,961,666StBarnabasInvPL18,687,500StBarnabasInvPL17,687,500YarandiInvPL14,000,000MichaelMarcus+Kathryn10,800,000FortyTradersLtd9,960,000GoffacanPL8,000,000LawrenceCroweConsPL7,500,000HartRichardK+LM7,000,000AlexanderBryanW
285、illiam4,400,000GazumpResPL3,800,000BECopymartPL3,600,000TrePL3,264,000AWDConsPL3,200,000LamertonPL3,070,000GreenwoodAndrw3,060,438SykesJohnBarrie+AE2,800,000MINERALTENEMENTINFORMATION BEACONMINERALSLIMITED2012ANNUALREPORT48 BeaconMineralsLimitedmineralinterestsat17September2013PROJECTNOTETENEMENTREG
286、ISTEREDHOLDERINTERESTBarleeM77/1254BeaconMineralsLimited100%BarleeE77/1297BeaconMineralsLimited80%DuketonConsolidatedPtyLtd20%BarleeE77/1713BeaconMineralsLimited100%BarleeL77/0243BeaconMineralsLimited100%KALGOORLIEOFFICE144VivianStreet,Boulder,WA6432REGISTEREDADDRESSLevel1,115CambridgeStreet,POBox1305,WestLeedervilleWA6007P0893226600F0893226610E.auW.au
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