Profile

Beadell Resources Limited was incorporated in May 2007 to acquire mineral interests throughout Australia and Brazil, with an emphasis on gold. In Australia, we have acquired tenements from a subsidiary of Oxiana Limited that was formerly part of Agincourt Resources Limited, in return for 12,800,000 Shares. The Tartaruga Project in Brazil contains gold exploration assets which have the potential for early development.

The Company has assembled a highly experienced team to manage Beadell and steer it towards rapid growth by means of successful exploration and expansion programs. Beadell is managed by three of the former members of the executive team from Agincourt which was recently taken over by Oxiana. Management is ably supported by geologists who have already commenced employment with the Company. This team has the proven technical, operational and financial skills in relation to the discovery, exploration and development of mineral deposits that will elevate Beadell as an emerging ASX-listed gold company.

Beadell's exploration tenements form a portfolio from advanced drill-ready targets at the Tartaruga Project in Northern Brazil and Reedy Creek Project in Victoria, to greenfields exploration projects in the remote central eastern parts of Western Australia.

There are five key exploration projects in Australia with tenements covering over 7,000 square kilometres across three states. There is an emphasis on the eastern region of Western Australia where access, until very recently, has been limited. The prospective Tropicana East Project in Western Australia, located adjacent to the Tropicana gold deposit recently discovered by Anglogold Ashanti Australia Ltd in joint venture with Independence Group NL, will be assessed as a priority. This virgin discovery 350 kilometres east of Kalgoorlie, in a previously sparsely explored region is over 600 kilometres in length and has the potential to develop into a new gold belt with more discoveries over the next few years.

In Brazil, the Tartaruga Project covers a 96 square kilometres area which is located in an accessible part of Tartarugalzhino, 160 kilometres north of the city of Macapa, capital of the State of Amapa, which is to the north of the Amazon River. This project offers excellent gold development upside for Beadell as it has numerous drill-ready targets, with over 6,000 metres of diamond drilling already completed, and a defined target range from 2.0 to 3.2 million tonnes at gold grades between 1.5 and 3.8g/t gold. This target range is conceptual in nature.

Exploration of the projects will be focussed over the next few years to rapidly evaluate the resource and development potential at the advanced projects, while systematically exploring the greenfields projects for a major new discovery in Australia.

The name Beadell has been chosen in line with the Company's focus on gold exploration in the remote far east of Western Australia. Len Beadell has been described as "the last Australian explorer" because of his many years of work surveying, mapping and road building in a vast portion of the Australian outback.

Investment Highlights

Beadell Resources Ltd (Beadell or the Company) is a gold focused exploration company with a portfolio of advanced and greenfields projects with assets in Australia and Brazil.

  • The Board aims to grow the Company by utilising the skills and experience of its people;
  • The exploration effort will be focused, deliberate and well-timed endeavouring to achieve prompt discovery and development of deposits;
  • Strong experienced Board, executives and professional staff with a proven track record for rapid growth through exploration success and opportunistic acquisitions;
  • Oxiana to become a cornerstone investor with 12,800,000 Shares as consideration for the Australian exploration assets;
  • Talon Metals Corp to be issued approximately 2.3 million Shares as part consideration for the Tartaruga Project in Brazil;
  • Tropicana East Project adjacent to the Tropicana gold discovery in Western Australia covering 2,910km2 of sparsely explored ground;
  • Potential gold development project at the Tartaruga Project in Brazil where over 6,000m of diamond drilling has delineated a target range of 2.0-3.2Mt at between 1.5g/t and 3.8g/t gold which will form the basis of an aggressive drilling program to convert and expand into an initial JORC resource. This target range is conceptual in nature, refer to 4.5.5 of the Independent Geologist Report in Section 4 prepared by Snowden;
  • Drill ready targets at the Reedy Creek Project in Victoria to test depth and strike extensions of the Clonbinane dyke where historical drill results include 8m @ 7.0g/t gold from 9m depth, 21m @ 4.8g/t gold from 9m depth and 15m @ 4.1g/t gold from 25m depth. The Reedy Creek Project is located 70km south-east of the Fosterville gold mine;
  • Iron Oxide Copper Gold targets at the Lake Mackay Project and West Musgrave Project in central Western Australia. At the West Musgrave Project a large undrilled soil anomaly over 1,200m long by 400m wide with a maximum of 250ppb gold is located on the edge of the Palgrave Cauldron;
  • Uranium targets for paleochannel and redox controlled roll front style mineralisation including the Minigwal Prospect proximal to the large undeveloped Mulga Rocks uranium deposit and the West Musgrave Project in Western Australia.