• Beacon sells 100% of MacPhersons Reward Pty Ltd to Forrestania Resources
• Beacon receives $5 million cash and 36 million Forrestania shares
• Beacon to focus on core production and growth assets, particularly Lady Ida Project

Beacon Minerals Limited (ASX: BCN) has completed the sale of 100% of the shares in its wholly owned subsidiary MacPhersons Reward Pty Ltd to Forrestania Resources Limited (ASX: FRS). The transaction was first announced on 16 February 2026, with all conditions precedent now satisfied. In consideration for the sale, Beacon has received $5 million in cash, comprising a $500,000 non-refundable deposit paid on execution and the remaining $4.5 million paid at completion. Beacon has also received 36 million fully paid ordinary shares in Forrestania at a deemed issue price of $0.38 per share. The completion of the MacPhersons transaction represents an important step in delivering value to Beacon's shareholders, providing immediate cash proceeds and ongoing exposure to the project through Beacon's equity position in Forrestania. Beacon is now well positioned to focus on its core production and growth assets, particularly the Lady Ida Project.

Beacon is now well positioned to focus on its core production and growth assets, particularly at the Lady Ida Project.