Magnesite
Tasmania Magnesite
Beacon Hill holds a Mining Lease and a retention licence over two magnesite deposits, known as the Arthur River Project and the Lyon River Project, in north-west Tasmania, Australia.
The Group acquired a 100 per cent interest in these projects through the acquisition of Tasmania Magnesite NL in October 2009.
The Arthur River Project has a defined JORC compliant measured resource of 13Mt of magnesite and an inferred resource of 10Mt. Together with the Lyon River Project, the combined resource is 39Mt, the third largest in Australia.
| Lease | Class | Material Class | Tonnes (millions) | MgO (%) | CaO (%) | Fe203 (%) | Si02 (%) | Notes |
| Arthur River Project | Measured | High grade | 13.2 | 43.4 | 1.9 | 1.3 | 4.9 | To RIL 10m |
| Inferred | High grade | 10 | 41.5 | 2.5 | 1.9 | 8.6 | Ro RL 70m | |
| Lyon River Project | Inferred | High grade | 15.8 | 39.9 | 2.9 | 0.7 | 10.6 | To AHD 200m |
| Small Pit | ||||||||
| Total | 39 | 41.5 | 2.5 | 1.2 | 8.1 | |||
| Source: Wyatt, 2000 b&c, Mineral Resource Tasmania | ||||||||
Beacon Hill is currently focused on the Arthur River Project which is now covered by a Mining Lease. The strategy is to complete a scoping study in 2011 that will confirm the economics of any mining operation. It has always been the intention of the Group to bring on board a partner to assist in both the development of the mine and the processing and marketing of any end product.
Development
The current focus is on the development of the Arthur River Project.
For further information on Tasmania magnesite please refer to www.tasmaniamagnesite.com.au
