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Market:	ASX
Sector:	Gold Mining
EPIC:	BDR
Latest Price:	0.77 (4.76% )
52-week High:	0.92
52-week Low:	0.60
Market Cap:	506.59M

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Beadell Resources

Beadell Resources (ASX: BDR) is a gold development company. Its primary asset is the Tucano gold project, located in Brazil. Tucano has gold resources of approximately 3 million ounces with 1.2 million ounces in optimised open pits (optimisation based on a US$1000 gold price) plus over 2,500km² of highly prospective gold exploration tenements.

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 and the Handpump Prospect located within the West Musgrave Complex of the remote central eastern parts of Western Australia.

Beadell Resources lodges Tucano mine plan at Brazilian Ministry

Thursday, September 09, 2010

Western Australia based Beadell Resources (ASX: BDR) has lodged a new mine plan submission for the Tucano gold project in Brazil, with the Brazilian Ministry of Mines and Energy (DNPM) and the Environmental Department Agencies (SEMA/IMAP).

The DNPM submission is a result of additional mineral inventory and a change of processing methodology, and as such only a variation is required to the original Feasibility Study submitted in 2000.

The document outlines the expansion of the open pits and waste dumps as well as the inclusion of a new (CIL) carbon in leach processing plant and related in-pit tailings disposal.

All other aspects of the original document remain intact including strong stakeholder support and involvement.

Simultaneously, a document has been submitted to SEMA/IMAP which also contains a variation to the original Environmental Impact Statement (EIS) covering the anticipated new mining parameters and all associated environmental issues.

As these submissions are simply outlining variations to the existing license to operate, no approvals beyond the DNPM and SEMA/IMAP are required.

Peter Bowler, managing director, said, “We are particularly pleased to submit these documents to the DNPM and SEMA/IMAP and look forward to working closely with these departments for the mutual benefit of all stakeholders involved with the exciting and growing Tucano gold project."

"This is an important milestone as we progress towards the resumption of large scale gold mining."

"To submit these documents only four months after acquiring Tucano, on time and within budget, is a credit to the people involved and indicative of the quality team we have working on all aspects of the Definitive Feasibility Study.”

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