Projects Overview

Beadell is a gold focused exploration company with five key exploration projects in Australia and the advanced Tartaruga Project in northern Brazil. Together the projects form a portfolio of advanced 'drill ready' targets at the Tartaruga Project in Brazil and Reedy Creek Project in Victoria, and greenfields exploration projects, particularly the Tropicana East Project adjacent to a new emerging gold district in Western Australia.

Beadell has planned for an aggressive and strategically scheduled exploration program over the next two years to rapidly evaluate the resource and development potential at the advanced projects, while systematically exploring the greenfields projects for the next major new discovery in Australia.

Location of Beadell Resources Projects in Australia

Beadell has entered into the Tenement Sale Agreement with Oxiana to acquire the Australian Tenements and Mining Information. Oxiana has a right to earn-in to any Australian Tenement at its discretion and acquire a 51% interest in any Australian Tenement where an ore deposit containing 3,000,000 ounces of gold or 800,000 tonnes of copper or 200,000 tonnes of nickel is discovered. Further details of the Tenement Sale Agreement are contained on page 103 of the Prospectus.

Location of Beadell Resources project in Brazil

Beadell through its 100% owned subsidiary Beadell Resources Mineração has entered into an agreement for the assignment of mining concession, title DNPM 851.439/80 together with the consent of the landholder (Mineral Rights) from Brazmin Ltda. The consideration for the Mineral Rights is US$100,000 in cash and the issue of approximately 2.3 million Shares. The Company will also make annual payments to the original title holder of US$100,000 until commercial production commences, at which time a 1.7% net smelter royalty becomes payable.