I've received an email from the Tasmanian Govt. that the application for a full licence for "Tasmanian Magnesite" on the Arthur River Magnesite Project was received on the 30th November.

The wheels go round and round.

The price of late has been hammered (not alone on AIM)
Wait for the turn in sentiment and you will not be dissapointed

GL Beaconers

and 2nd acquisition talk timothy jones
http://www.xcite-energy.com/directors.htm Timothy S. Jones, aged 60, is a Chartered Accountant, with twenty years experience in professional practice covering a number of industries including oil and gas. Following major public company roles, he formed his own accountancy and consulting practice to focus on the oil and gas sector, where he specialises in providing advice to AIM listed companies. He is currently on the board of a number of AIM listed natural resources companies.
http://www.bhrplc.com/corporate/directors.html Timothy Jones - Non-Executive Director

Timothy Jones, aged 60, qualified as a Chartered Accountant with Price Waterhouse in 1974. In 1983, he joined a client as financial director before founding his own accountancy and consultancy practice in 1990. He now has clients in a range of business sectors and sits on the boards of a number of companies, including Falkland Oil and Gas Limited, which listed on AIM in October 2004 and Xcite Energy Limited, which is listed on both AIM and TSX

a 15% stake in xcite energy
http://www.xcite-energy.com/

Be careful, this chap "william" is well known for making up his own lies
for pump and dumps ?

Who is the email contact then and i will contact them for conformation ?

Commodities: Unearthing market gems

Beacon ready to serve steel industry by Dan Coatsworth

Magnesite acquisition is first step in multi-commodity portfolio aspiration

The acquisition of a high-quality magnesite deposit, two fundraisings for 1.75m millions and talks with an Indian steel maker over a potential joint, all in the past three weeks, suggest Beacon Hill Resources (BHR:AIM) at 0.38p is worth buying as an interesting new addition to the mining sector.
Beacon Hill was born out of the cash shell of former Aim quoted Carnegie Minerals which was forced out of Gambia in 2008 on accusations of illegally mining uranium. Its assets were sold and a new management team, bought in turn Beacon Hill into a commodities producer for the steel industry.
Chairman Justin Lewis says the strategy is to establish which commodities steel makers in China and India will need in two years time. 'We then find suitable near-term production assets and secure offtake agreements with these parties,' he explains.
A magnesite project in Tasmania is the first part of an intended portfolio that could include coal, manganese and chrome assets. Around A$30 million has already been spent on exploring the magnesite project by Rio Tinto (RIO) in the 1980's.
After subsequent ownership changes, Beacon Hill has now got hold of the 39 million tonne resource. Lewis believes there is an additional 200 million tonnes on areas yet to be fully drilled. The company plans to cook the the magnesite and turn it into magnesia, which is used in the refractory industry to line blast furnaces, a procedure required each time the furnace is used.
Beacon Hill plans to produce three types of magnesia: DBM and EFM are used in the aforementioned refractory industry, while CCM is used as a multi-applicant chemical in areas such as agriculture, iron and steel, and water treatment.
Processing will either be done by third parties or by Beacon and a joint venture partner. The latter would require a plant costing up to A$100 million. Lewis confirms talks are already underway with potential partners, including an unnamed Indian steel maker.
The mining should be straightforward quarry process costing A$20 per tonne, A$12 of which is transpotation costs. Lewis believes Beacon Hill could sell this product for A$40 to A$60 per tonne. Potential customers in Asia have expressed an interest in buying a pre-processed product, which is why the company is likely to form a processing joint venture.
China has historically dominated the magnesite market through its own domestic and export supply but market conditions are changing, says Lewis. 'China is running out of high-grade magnesite deposits so the government has slapped a tax on experts to try and retain domestic production. This has opened up the market to Western poducers,' says Lewis. He belioeves Beacon Hill's project can start mining in the second quarter of 2011. It will shortly apply for a mining licence and start work on environmental studies. This will be folllowed by infrastructure improvements.

Shares says: Expect to see a steady stream of news to push up the share price. Buy.

Guess you wont name the email contact address because you
made up the story/rumour yet again.

Things are warming up nicely!
Had another mail from the Tas Govt today:

Dear ..............

3 months is a reasonable time frame , can be shorter or longer depending on how quick the assessment process and requirements (i.e. rental and security deposit) from the applicant are met.

Tenement Administration
> Mineral Resources Tasmania
> Ph: (03) 6233 8341
> Fax: (03) 6233 8338

Ok, lets think about this. There was already in place 2 retention licences for Tasmanian Magnesite. This is to change to a full Mining Licence.
Rental and Securtiy deposit.. No issues there as they have plenty of funds from the last placing exercise.

I would guesstimate at 2 months max from the 30th Nov. We are therefore looking at sometime in January.

Joint Venture could be announced anytime and will be based upon the successful granting of the full mining licence.
Their RNS clearly states :

"We have also progressed well with discussions with potential joint venture partners in regard to the construction of a calcination plant, and the grant of a mining lease will represent a key step in this process."


The beauty of this application is that the Compay, Tasmanian Magnesite, already hold 2 retention licences, so have a relationship in place with the Tasmanian Govt. I see this being a smooth transition.

No brainer at current SP levels.