Sculpted from experience, built for success. 
NQ Minerals PLC has announced the acquisition of the high-grade and historic Beaconsfield Gold Mine in Tasmania, Australia. 
The mine has historic recorded production of about 1.8mln ounces of gold averaging around 15 grams per tonne and was closed in 2012 due to the low gold price at that time. 
NQ is looking to recommission the gold processing plant, which is currently under care and maintenance, and re-open the mine by developing a new modern mine decline access into the Beaconsfield Mine. 
The firm said this new decline will be capable of running large modern mining equipment and men, materials and rock from the surface to anywhere in the mine underground workings and will allow for the most efficient low-cost operations possible. 
Estimates are for the lower section of the Beaconsfield Gold Mine of 1.454mln tonnes grading 10.3 grams per tonne for 483,000 ounces of gold, while “significant” additional gold potential is still to be assessed in the upper section of the old Beaconsfield Mine workings, plus the orebody remains open at depth. 
“Beaconsfield is an exceptional high-grade gold asset and will provide a solid platform to bring the company's second mine in Australia into production,” commented NQ chairman David Lenigas in a statement. 
“The company is now focused on bringing the Beaconsfield gold processing plant back into operational status as soon as practicable. The mine has a long and rich history in Northern Tasmania, and we understand the importance of this heritage,” he added. 
Oakmount. “An ounce of wisdom can earn you a ton of gold.” 
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Sculpted from experience, built for success. 
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