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Beadell Successful Listing

Thursday, September 27th, 2007

Beadell Resources Limited has successfully completed its Initial Public Offering (IPO) of $15 million and has been accepted into the official list of the ASX Limited. Beadell commenced trading 26 September 2007 (ASX Code: BDR).
Beadell Managing Director, Peter Bowler said “This $15 million gold focused float reflects the strong interest and support for the projects and the quality of the management team. The Company will now concentrate on aggressive exploration and development of our projects in Australia and Brazil.”
“With the IPO behind us, and the quality shareholder base that it has attracted, we are now looking forward to further evaluating and progressing our portfolio of quality gold assets. We have an excellent team already in place to carry out these activities in a timely manner”.
A key feature of the planned exploration activities for Beadell is the ability to rapidly evaluate and prioritise targets in both Australia and Brazil. Field operations have already commenced on its three key projects; Tartaruga (Brazil), Tropicana East (WA) and Reedy Creek (VIC).

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