ASX ANNOUNCEMENT 13 July 2015
ASX Code: BDR
DUCKHEAD OPERATIONAL UPDATE
Beadell Resources Limited ("Beadell" or "the Company") advises that due to issues with third party regulatory approvals associated with the mining concession that contains the high grade Duckhead deposit, there will be a short delay to commencing the open pit cutback. The Duckhead cutback is planned to contribute 20,000 ounces @ 28.7 g/t gold to Beadell's production profile in 2015; however, any further delays could push the 5-month mining duration of the Duckhead cutback into 2016 production. Beadell's current guidance of 170,000 - 190,000 ounces in 2015 is dependent on a timely start to mining the cutback at Duckhead and further updates will be made available when regulatory approvals have been resolved and mining has commenced.
For further information please contact:
Peter Bowler | Managing Director Greg Barrett | Company Secretary / CFO T: +61 8 9429 0800 T: +61 8 9429 0800 [email protected][email protected]
Beadell Resources Limited
Second Floor, 16 Ord Street, West Perth 6005, Western Australia ABN 50 125 222 291 PO Box 542, West Perth 6872, Western Australia www.beadellresources.com.au Telephone: +61 8 9429 0800 | Facsimile: +61 8 9481 3176