RESERVES AND RESOURCES

Ore Reserve and Mineral Resource

Beadell has mineral resources of approximately 3.7 million ounces and reserves of approximately 1.5 million ounces, with over 2,500km² of highly prospective contiguous gold exploration tenements in Brazil.

Ore Reserves

The Company’s Proved and Probable Ore Reserves as at 30 June 2017 was 25.1 million tonnes @ 1.83 g/t gold for 1.47 million ounces including underground reserves of 3.0 million tonnes @ 3.61 g/t gold for 345,000 ounces and stockpiles of 3.6 million tonnes at 0.66 g/t gold for 77,000 ounces.

As at 30 June 2017 (scroll left and right to view full table)

Brazil Proved Reserve Probable Reserve Total Ore Reserve

Cut-off

g/t

Tonnes (‘000) Grade

g/t Au

Ounces (‘000) Tonnes (‘000) Grade

g/t Au

Ounces (‘000) Tonnes (‘000) Grade

g/t Au

Ounces (‘000)
Urucum Open Pit Oxide 374 1.21 15 180 1.18 7 554 1.20 21 0.7
Urucum East Open Pit Oxide 151 1.71 8 151 1.71 8 0.7
Tap AB Open Pit Oxide 2,384 2.16 166 2,024 1.76 115 4,408 1.98 280 0.6
Tap C Open Pit Oxide 362 1.08 13 191 0.99 6 553 1.05 19 0.6
Total Oxide 3,120 1.92 193 2,545 1.66 136 5,666 1.80 329
Urucum Open Pit Primary 4,446 1.69 241 5,246 1.81 306 9,692 1.76 547 0.8
Urucum East Open Pit Primary 16 1.50 1 16 1.50 1 0.7
Urucum Underground Primary 2,972 3.61 345 2,972 3.61 345
Tap AB Open Pit Primary 1,274 2.00 82 1,188 1.72 66 2,462 1.86 147 0.8
Tap C Open Pit Primary 229 1.31 10 387 1.44 18 615 1.39 28 0.8
Total Primary 5,949 1.74 333 9,808 2.33 735 15,757 2.11 1,068
Urucum Open Pit Total 4,820 1.65 256 5,425 1.79 312 10,245 1.73 568
Urucum East Open Pit Total 167 1.69 9 167 1.69 9
Urucum Underground Total 2,972 3.61 345 2,972 3.61 345
Tap AB Open Pit Total 3,658 2.10 248 3,212 1.75 180 6,870 1.94 428
Tap C Open Pit Total 591 1.17 22 577 1.29 24 1,168 1.23 46
Total Oxide and Primary 9,069 1.80 526 12,353 2.19 871 21,422 2.03 1,397
Open Pit Stockpile 1,985 0.66 42 1,985 0.66 42 0.5
Spent Ore Stockpile 1,311 0.61 26 1,311 0.61 26 0.5
ROM Expansion Stockpile 345 0.80 9 345 0.80 9 0.5
Total Stockpiles 3,642 0.66 77 3,642 0.66 77 0.5
Total Brazil 12,711 1.47 603 12,353 2.19 871 25,064 1.83 1,473

Mineral Resources

The Company’s Measured, Indicated and Inferred Mineral Resources as at 30 June 2017 was 63.5 million tonnes @ 1.82 g/t gold for 3.73 million ounces.

As at 30 June 2017 (scroll left and right to view full table)

Brazil Measured Indicated Inferred Total

Lower Cut-off

g/t

Tonnes (‘000) Grade g/t Au Ounces (‘000) Tonnes (‘000) Grade g/t Au Ounces (‘000) Tonnes (‘000) Grade g/t Au Ounces (‘000) Tonnes (‘000) Grade g/t Au Ounces (‘000)
Urucum Open Pit Oxide 678 1.15 25 344 1.08 12 70 0.97 2 1,091 1.12 39 0.5
Urucum East Open Pit Oxide 200 1.88 12 9 1.58 0 209 1.87 13 0.5
Tap AB Open Pit Oxide 2,870 2.18 201 3,889 1.76 220 796 1.11 28 7,554 1.85 450 0.5
Tap C Open Pit Oxide 566 0.97 18 312 0.90 9 88 0.70 2 966 0.92 29 0.5
Duckhead Open Pit Oxide 89 4.24 12 140 1.74 8 60 1.56 3 289 2.47 23 1.0
Total Oxide 4,202 1.90 256 4,885 1.66 261 1,022 1.10 36 10,109 1.70 553
Urucum Open Pit Primary 5,783 1.54 286 7,120 1.71 393 393 1.57 20 13,296 1.63 698 0.5
Urucum East Open Pit Primary 211 1.45 10 84 0.94 3 295 1.30 12 0.5
Urucum Underground Primary 260 4.06 34 2,634 4.24 359 8,839 2.15 611 11,733 2.66 1,004 1.2
Tap AB Open Pit Primary 2,356 1.74 132 4,176 1.57 210 1,053 1.34 45 7,584 1.59 388 0.5
Tap AB Underground Primary* 22 1.49 1 1,025 2.30 76 3,653 3.19 375 4,700 2.99 452 1.2
Tap C Open Pit Primary 482 1.22 19 1,980 1.22 78 1,044 1.35 45 3,507 1.26 142 0.5
Duckhead Open Pit Primary 115 2.28 8 264 2.26 19 262 1.81 15 641 2.08 43 1.0
Total Primary 9,018 1.66 480 17,409 2.04 1,144 15,329 2.26 1,114 41,756 2.04 2,738
Urucum Open Pit Total 6,460 1.50 311 7,464 1.69 404 463 1.48 22 14,387 1.59 737 0.5
Urucum East Open Pit Total 411 1.66 22 92 1.00 3 503 1.54 25 0.5
Urucum Underground Total 260 4.06 34 2,634 4.24 359 8,839 2.15 611 11,733 2.66 1,004 1.2
Tap AB Open Pit Total 5,225 1.98 333 8,065 1.66 430 1,849 1.24 74 15,139 1.72 837 0.5
Tap AB Underground Total* 22 1.49 1 1,025 2.30 76 3,653 3.19 375 4,700 2.99 452 1.2
Tap C Open Pit Total 1,048 1.09 37 2,292 1.18 87 1,133 1.30 47 4,473 1.19 171 0.5
Duckhead Open Pit Total 205 3.14 21 404 2.08 27 322 1.76 18 930 2.20 66 1.0
Total Oxide and Primary 13,220 1.73 736 22,293 1.96 1,405 16,351 2.19 1,150 51,865 1.97 3,291
Open Pit Stockpile 1,985 0.66 42 1,985 0.66 42 0.5
Spent Ore Stockpile 1,311 0.61 26 1,311 0.61 26 0.5
ROM Expansion Stockpile 345 0.80 9 345 0.80 9 0.5
Marginal Ore Stockpiles 1,586 0.44 22 1,586 0.44 22 0.3
Total Stockpiles 5,228 0.59 99 5,228 0.59 99
Tartaruga 6,451 1.63 337 6,451 1.63 337 0.5
Total Brazil 18,448 1.41 835 22,293 1.96 1,405 22,802 2.03 1,487 63,544 1.82 3,727  

*The June Tap AB Underground Resource includes 173,000 tonnes @ 4.68 g/t of Inferred Oxide in the Inferred Primary Category.

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