Australian Securities & Investments Commission (ASIC) reported that Alexander John McCulloch, a former project manager at Beacon Minerals Limited, pleaded guilty to one rolled-up count of insider trading, with the count amended to include two trades. One count of insider trading was discontinued. The conduct relates to January 2017, when McCulloch procured two associates, Christopher Allan Gall and Thomas James Collins, to acquire 11 million shares in Beacon Minerals while he was in possession of inside information. At the time, he was responsible for managing the gold exploration drilling program for Beacon’s Jaurdi Gold Project. McCulloch had previously pleaded not guilty to two insider trading charges and the matter was provisionally listed for trial from 9 to 20 November 2026. He is now due to appear for a sentence hearing on 23 September 2026, with the prosecution being conducted by the Office of the Director of Public Prosecutions (Cth) following an ASIC referral.
Australian Securities & Investments Commission 2026-04-17
Australian Securities & Investments Commission referral leads to guilty plea by former Beacon Minerals project manager for insider trading
The Australian Securities & Investments Commission reported that former Beacon Minerals Limited project manager Alexander John McCulloch has pleaded guilty to one rolled-up count of insider trading, amended to cover two trades. The conduct concerns his procuring two associates in January 2017 to acquire 11 million Beacon Minerals shares while he held inside information related to the Jaurdi Gold Project drilling program, and the matter has been referred to the Office of the Director of Public Prosecutions (Cth) for sentencing.