RESERVES AND RESOURCES

Ore Reserve and Mineral Resource

Beadell has mineral resources of approx. 3.9Moz and reserves of approx. 1.6Moz, 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 31 December 2016 was 28.2 million tonnes @ 1.74 g/t gold for 1.6 million ounces including underground reserves of 3.0 million tonnes @ 3.61 g/t gold for 345,000 ounces and stockpiles of 4.4 million tonnes at 0.69 g/t gold for 98,000 ounces. Open pit reserves are estimated using a gold price of US$1,100 per ounce and underground reserves a gold price of US$1,120 per ounce.

As at 31 December 2016 (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 327 1.22 13 149 1.22 6 476 1.22 19 0.7
Urucum East Open Pit Oxide 150 1.72 8 150 1.72 8 0.7
Tap AB Open Pit Oxide 2,486 1.74 139 3,121 1.80 180 5,607 1.77 319 0.6
Tap C Open Pit Oxide 400 1.03 13 206 0.96 6 606 1.01 20 0.6
Duckhead Open Pit Oxide 2 0.90 0 1 4.19 0 3 1.55 0 0.8
Total Oxide 3,215 1.60 165 3,627 1.72 201 6,842 1.66 366
Urucum Open Pit Primary 4,697 1.63 246 5,364 1.76 303 10,062 1.70 549 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 1,618 1.71 89 1,638 1.80 95 3,255 1.76 184 0.8
Tap C Open Pit Primary 237 1.29 10 398 1.42 18 635 1.37 28 0.8
Duckhead Open Pit Primary 32 2.37 2 21 2.51 2 53 2.42 4 1.0
Total Primary 6,585 1.64 348 10,409 2.28 763 16,993 2.03 1,111
Urucum Open Pit Total 5,024 1.60 259 5,513 1.74 309 10,538 1.68 568
Urucum East Open Pit Total 166 1.70 9 166 1.70 9
Urucum Underground Total 2,972 3.61 345 2,972 3.61 345
Tap AB Open Pit Total 4,104 1.73 228 4,759 1.80 275 8,862 1.76 503
Tap C Open Pit Total 637 1.13 23 604 1.26 24 1,241 1.19 48
Duckhead Open Pit Total 35 2.27 3 21 2.55 2 56 2.38 4
Total Oxide and Primary 9,800 1.63 513 14,036 2.14 964 23,835 1.93 1,477
Open Pit Stockpile 2,597 0.70 58 2,597 0.70 58 0.5
Spent Ore Stockpile 1,784 0.68 39 1,784 0.68 39 0.5
Total Stockpiles 4,381 0.69 98 4,381 0.69 98
Total Brazil 14,180 1.34 610 14,036 2.14 964 28,216 1.74 1,575

Mineral Resources

The Company’s Measured, Indicated and Inferred Mineral Resources as at 31 December 2016 was 67.0 million tonnes @ 1.82 g/t gold for 3.9 million ounces.

As at 31 December 2016 (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 Surface Oxide 713 1.13 26 609 1.29 25 96 0.96 3 1,418 1.19 54 0.5
Tap AB Surface Oxide 2,980 2.05 197 4,559 1.94 285 1,228 1.58 62 8,768 1.93 544 0.5
Tap C Surface Oxide 566 0.97 18 312 0.90 9 88 0.70 2 966 0.92 29 0.5
Tap D Surface Oxide 16 1.03 1 135 1.13 5 89 1.42 4 241 1.23 10 0.5
Duckhead Surface Oxide 89 4.24 12 140 1.74 8 60 1.56 3 289 2.47 23 1.0
Total Oxide 4,365 1.80 253 5,756 1.79 332 1,562 1.48 75 11,682 1.76 659
Urucum Surface Primary 5,822 1.53 287 7,395 1.70 405 494 1.43 23 13,711 1.62 714 0.5
Urucum Underground Primary 263 4.03 34 2,660 4.21 360 8,810 2.15 609 11,733 2.66 1,004 1.2
Tap AB Surface Primary 2,155 1.78 123 4,233 1.81 247 2,804 1.62 146 9,192 1.75 516 0.5
Tap AB Underground Primary 4,216 2.85 386 4,216 2.85 386 1.2
Tap C Surface Primary 482 1.22 19 1,980 1.22 78 1,044 1.35 45 3,507 1.26 142 0.5
Tap D Surface Primary 32 0.89 1 11 0.86 0 11 1.71 1 54 1.04 2 0.5
Duckhead Surface Primary 115 2.28 8 264 2.26 19 262 1.81 15 641 2.08 43 1.0
Total Primary 8,870 1.66 472 16,543 2.09 1,109 17,641 2.16 1,225 43,054 2.03 2,807
Urucum Surface Total 6,535 1.49 313 8,004 1.67 430 590 1.36 26 15,129 1.58 768 0.5
Urucum Underground Total 263 4.03 34 2,660 4.21 360 8,810 2.15 609 11,733 2.66 1,004 1.2
Tap AB Surface Total 5,135 1.94 320 8,792 1.88 532 4,032 1.61 208 17,960 1.84 1,060 0.5
Tap AB Underground Total 4,216 2.85 386 4,216 2.85 386 1.2
Tap C Surface Total 1,048 1.09 37 2,292 1.18 87 1,133 1.30 47 4,473 1.19 171 0.5
Tap D Surface Total 49 0.94 1 146 1.11 5 100 1.45 5 295 1.20 11 0.5
Duckhead Surface Total 205 3.14 21 404 2.08 27 322 1.76 18 930 2.20 66 1.0
Total Oxide and Primary 13,235 1.70 725 22,299 2.01 1,441 19,202 2.11 1,300 54,736 1.97 3,466
High Grade Stockpile 603 1.08 21 603 1.08 21 0.5
Low Grade Stockpile 1,977 0.62 40 1,977 0.62 40 0.5
Spent Ore Stockpile 1,721 0.65 36 1,721 0.65 36 0.5
Marginal Ore Stockpiles 1,517 0.43 21 1,517 0.43 21 0.3
Total Stockpiles 5,819 0.63 118 5,819 0.63 118
Tartaruga 6,451 1.63 337 6,451 1.63 337 0.5
Total Brazil 19,054 1.38 843 22,299 2.01 1,441 25,653 1.99 1,637 67,006 1.82 3,921  

Start typing and press Enter to search