USA

Project Generating Platform

Cooperative Research and Development Agreement between the US Geological Survey (USGS) and Beacon Hill Resources Plc, signed on 11 March 2008 for up to 3 years.

This move is in line with the Company’s strategy to use the state-of-the-art techniques to investigate and develop new projects in highly prospective geographical regions with low sovereign risk;

The objectives of the collaboration are to:

• define areas with potential for mineral deposits containing metals such as titanium, iron, zirconium and rare-earth elements;
• enable researchers from both parties to interpret geologic terranes favourable for staged field geological investigations;
• further test modelling methods developed by the USGS that integrate geologic, geochemical, and geophysical indicators; and
• assess mineral resource potential using synthesis and analysis of USGS geosciences databases.

The domestic and international locations jointly selected for study, support both USGS's mission to assess the mineral resources of the US and the world and Beacon Hill's exploration strategy.  The benefits of this exchange include sharing of data, the refinement of mineralogic methods, and an expanded suite of mineralogic and chemical data for the US national-scale assessments.

As of September 2008, several prospective project target areas have been identified.