Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Arthur River Mining Lease Objection Withdrawn

24th Mar 2010 07:00

RNS Number : 0658J
Beacon Hill Resources plc
24 March 2010
 



Beacon Hill Resources plc / Ticker: BHR / Index: AIM / Sector: Mining

24 March 2010

Beacon Hill Resources Plc ('Beacon Hill' or 'the Group')

Arthur River Mining Lease Objection Withdrawn

 

Beacon Hill Resources plc (AIM:BHR), the AIM listed resource company, is pleased to provide an update with regard to the development of its Arthur River magnesite project in north-west Tasmania, which has a current JORC-compliant measured and inferred resource of 39 million tonnes of magnesite.

 

Further to the announcement by the Group on 18 March 2010, Beacon Hill is pleased to announce that it has received notification that the objection to its Mining Lease Application has been withdrawn. 

 

Justin Lewis, Executive Chairman said, "The Board is delighted that the process before the Mining Tribunal is now at an end and the Group's application can now progress through the remainder of the application process. We do not expect any other hurdles and look forward to being granted a Mining Lease."

 

**ENDS**

Further Information

 

For further information on the Group, visit: www.bhrplc.com or contact:

 

Justin Lewis

Chairman, Beacon Hill Resources Plc

+61 (0) 3 8637 1540

+61 439 162369

William Vandyk

Astaire Securities Plc

+44 (0) 20 7448 4400

Hugo de Salis

St Brides Media & Finance Ltd

+44 (0) 20 7236 1177

Susie Callear

St Brides Media & Finance Ltd

+44 (0) 20 7236 1177

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCKXLFLBXFXBBX

Related Shares:

BHR.L
FTSE 100 Latest
Value8,275.66
Change0.00