Beadell Resources Ltd is a gold producer company. Its primary asset is the Tucano gold project, located in Brazil. Tucano has gold resources of approximately 5.1 million ounces with 1.8 million ounces in optimised open pits (optimisation based on a US$1,200 gold price) plus over 2,500km² of highly prospective gold exploration tenements. The Company just completed the construction of the CIL plant at the Tucano Gold Project, being the first gold poured on 16 December 2012.
Beadell also has an extensive portfolio of key gold exploration tenements throughout Australia and Brazil, including the prospective Tropicana East Project located adjacent to the Tropicana gold deposit managed by Anglogold Ashanti Australia Ltd and the Handpump Prospect located within the West Musgrave Complex of the remote central eastern parts of Western Australia. In December 2009 Beadell heralded the discovery of a potential new gold province at Handpump intersecting significant gold mineralisation.
The Company is led by a team of experienced resource executives with a track record of successfully identifying and developing world scale projects. The Board and management team has particular experience in the development of gold projects in Brazil.
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.