Beaconsfield

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Beaconsfield

Snapshot

Mineral

▷ Gold

Resource

▷ 1.454 million tonnes grading 10.3 grams per tonne (g/t) for 483,000 ounces of gold at 415m-1500m below surface level

Location

▷ Tasmania, Australia

Project

▷ Environmental rehabilitation
▷ Sustainable extraction

▷ Underground mining expansion & exploration

‘‘The Company believes Beaconsfield offers a genuine opportunity to develop a high-quality gold asset in short order – sustainably’’

NQ

Breathing New Life

Phase 1 – environmental clean-up, surface minerals extraction

  • +100,000 tonnes of 3 g/t contaminated soil to be extracted from the Beaconsfield wetlands as part of the environmental rehabilitation of the land

  • Processing plant to be refurbished

  • Gold production to commence in Q3 2021 (est)

“The majority of our on-site electricity at Beaconsfield is renewable”

Phase 2 – Expansion: re-open underground and new exploration

Re-open underground – new 3.6km decline to 430m level

  • Feasibility study to be completed Q2 2021

  • 3.6km decline to be installed to reconnect into the existing mine working at the 430 metre level

  • New decline box-cut to commence Q4 2021 (est)

Re-treatment and exploration

Outside of the JORC compliant resource:

Retreatment

  • 67,000 ounces of gold potential exists in Tailings Dam #1

Surface to 415 metres

  • Significant additional gold potential is still to be assessed in the upper section of the old Beaconsfield Mine workings from surface to the 415m level

1500 metres and below

  • the orebody remains open at depth below 1,500 metres

JORC Compliant Reserves

                                      Click image to enlarge

Production History

The Tasmania Mine (Now referred to the Beaconsfield Gold Mine) is located 40km north-west of Launceston in the town of Beaconsfield in Tasmania, Australia. The Tasmania Mine area is covered by Mining Lease 1767P/M.


Mining at Beaconsfield is centred on the rich Tasmania Reef. Prospectors discovered the Tasmania Reef in 1877.  Mining between 1877 and 1914 yielded 854,600 ounces of gold at an average grade of 24.3 g/t. Dewatering difficulties caused the mine’s closure in 1914.


In 1998 after 84 years of inactivity, with a further million ounces of gold recovered between 1998-2013 – more than 1.8m ounces over the mine’s full history from 1877.  Over the course of the mine’s history significant volumes of water, containing sediment, were pumped out and left to run into the adjacent wetlands.

                                        Click image to enlarge

The Mine

  • 593 hectares of mining lease covering the famous Tasmanian Reef, open pit potential, new reef discovery potential and infrastructure.

  • A new mine access decline is the key to re-opening Beaconsfield and providing for long-term low-cost operations for many years.

  • Tasmania Reef drilled to 415m.

Gold Processing Plant

  • Only permitted gold processing plant in North Tasmania.

  • Processing capacity 350,000 tpa.

  • Comprises crusher, Ball Mill, Gravity Gold Circuits, Flotation, Bacterial Oxidation, Cyanide Leaching, Cyanide Detoxification.

  • Process plant can treat both free milling and refractory material.

  • Fully permitted tailings dam in place.

  • Experienced local workforce.

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