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Beadell Resources Responds to ASX Appendix 5B Query

25 Jan 2013  |  15:20:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Response to ASX Query - Appendix 5B

Beadell Resources responded to an ASX Appendix 5B query stating that the commencement of gold production at the company's Tucano gold operation in Brazil occurred on 16 December 2012. The company intends to fund its future activities through gold production. The December 2012 quarter represented the last quarter with significant construction and development expenditure at Tucano as it transitioned from the development phase to the production phase late in then December quarter. The company is now producing gold in line with forecast. The company also has funding alternatives including asset sales and accessing debt/equity capital markets. The company confirmed that it is in compliance with the ASX listing rules.

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