Beadell Resources pours first gold at Tucano project in Brazil

THE BOURSE WHISPERER: Beadell Resources (ASX: BDR) has completed its first gold pour at the company’s 100 per cent-owned Tucano gold project in Brazil.

The company said the nine kilogram gold pour was an important phase in the transition of the project to full operations.

First gold bar produced at the Tucano gold project. Source: Company announcement

 

During the commissioning phase the processing plant has operated at up to 400 tonnes per hour (3.5 million tonnes per annum) equal to the name plate design.

Beadell said the commissioning phase has progressed smoothly and the processing plant is now operating close to 24 hours a day.

 “The first gold pour at Tucano is a major milestone for Beadell as we position ourselves as a large scale low cost gold producer with at least 10 years of open cut mining now in front of us,” Beadell Resource managing director Peter Bowler said in the company’s announcement to the Australian Securities Exchange.

I look forward to updating our CY 2013 production plan early in the New Year, incorporating our ultra, high-grade (30g/t) open pit Duckhead oxide deposit.”
The company’s commissioning team is now working on a modified mill ball charge set up and is confident of exceeding nameplate throughput over the coming weeks.

Previously crushed low-grade stockpiled ore grading one gram per tonne has been fed into the milling circuit to date in lieu of high-grade ROM ore stocks waiting for the crushing circuit to be completed.

The crusher is now complete with high-grade ore of up to 2.5g/t scheduled to be loaded into the circuit over the coming days as soon as the commissioning team concludes their work.

This is the last section of the CIL plant to be handed over to the Beadell operational team.