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Beacon Minerals to sell gold ore to Northern Star

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Beacon Minerals to sell gold ore to Northern Star

Beacon MineralsLtd. said July 13 that it has entered into an agreement to sell high-graderefractory ore to Northern Star ResourcesLtd.

Under the deal, a total of 12,199 tonnes of gold ore will besold to Northern Star at A$611.87 per tonne, net of all costs.

The latest agreement is part of the companies' ore purchase inked earlier in February, inwhich Northern Star will process about 11,500 tonnes of Beacon Minerals' refractorygold ore from the Halleys Eastproject in Western Australia.

Beacon Minerals Managing Director Graham McGarry said, "Rehabilitationat Halleys East is completed and will be managed annually in accordance with themine closure plan."