logo-loader

Beacon Minerals looks to kick off mining at Halleys East gold project in WA

Published: 21:10 26 Jun 2013 EDT

no_picture_pai

Beacon Minerals (ASX:BCN) can commence mining operations at Halleys East after receiving approval to commence mining from the Western Australian Department of Mines and Petroleum.

Beacon is looking to complete ore processing and financing agreements for the project.

It is negotiating with a number of parties who have provided indicative proposals for processing of the ore from Halleys East. Ore processing negotiations are expected to be completed in Q2 2013.

An earlier optimization study by Minecomp in 2012, using a gold price of A$1,600, had outlined a potential mining inventory of 120,189 tonnes at 7.23 g/t gold for 25,936 ounces recovered at a cash operating cost of A$783 an ounce.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

Australian Strategic Materials signs US$600 million LoI

Rowena Smith, CEO and managing director of Australian Strategic Materials Ltd (ASX:ASM, OTC:ASMMF), joins Jonathan Jackson in the Proactive studio to discuss the company’ s Dubbo Project, in Central West New South Wales. This project aims to extract and process critical minerals and rare earth...

3 hours, 2 minutes ago