Beacon Hill encouraged by Tasmanian magnesite project progress

Dec. 22, 2010 - Beacon Hill Resources says that it has made encouraging progress in relation to the development of its Arthur River magnesite project in north-west Tasmania.
The Group intends to commence a drilling campaign in Q1 2011 to provide a better understanding of the orebody, including the increase of the overall size of the current Resource.
Executive Chairman Justin Lewis says:"The programme is progressing well, with a substantial number of environmental and regulatory requirements now completed, in particular the lapse in the heritage listing for the area.
"Initial metallurgical testing confirms previous work undertaken and demonstrates that a high quality magnesite that can be processed into a marketable magnesia product.
"We are now in the final stages of preparing an exploration programme which will commence in Q1 2011. This year has therefore seen excellent progress in developing this resource, underpinning our overriding objective to advance this project with a view to entering to production in 2012, providing the Group with a second producing asset in addition to our coal mine in Mozambique."