Qrtly ASIC $1150

OPERATIONS
 Gold Sales and Production – Gold sales for the quarter were 41,657 ounces of gold with
production of 33,793 ounces of gold.

 Costs – Cash costs for the quarter (including royalties and iron ore credits) were US$956 per
ounce. All-in Sustaining Costs (“AISC”)*for the quarter were US$1,150 per ounce.

 Open Pit Mining – Waste and ore mined tonnes for the third quarter was 50% above the previous
quarter due to the end of the wet season and significant improvements in productivity.

 Open Pit Mining Activity – 57% of all waste movement throughout the quarter was from the high
grade Duckhead pit with only 3,000 ounces of gold ore recovered from this pit as scheduled.

 Milling – Record quarterly CIL plant throughput of 1,125,304 tonnes (4.5 million tonnes per annum
rate)

RESOURCE AND RESERVE DEVELOPMENT

 Duckhead Main Lode – Step out drilling intersected 32 m @ 33.5 g/t gold including 7 m @
140.0 g/t located outside of the resource and reserve and below the current pit design. Further
drilling is underway with results expected shortly (see ASX release 9 October 2014).

 Duckhead Main Lode – Strong Infill drilling results including 18 m @ 90.3 g/t gold, 10 m @
91.7 g/t gold, 28 m @ 47.3 g/t gold and 20 m @ 24.4 g/t gold indicate that positive reconciliation
to reserve is likely to continue to be received in the December quarter.

 Duckhead Wing Lode – A significant new result of 7 m @ 10.2 g/t gold including 2 m @ 32.6 g/t
gold, is located 200 m west of the previously delineated high grade zone on the Wing Lode
structure. Further drilling is being planned.

 Tucano Mine Corridor Oxide Targets – Several near surface oxide discoveries at Mirante, Gap,
Tap C3 north and Tap D1 continue to provide incremental “non-reserve” additions to the medium
term production profile.

 Urucum Underground – Positive outcomes from early scoping study evaluation of the Urucum
underground project have progress

CORPORATE
 Gold Sales – Gold sales totalled 41,657 ounces at an average cash price received of US$1,272
per ounce.

 Cash and Bullion – Cash and bullion as at 30 June 2014 totalled $13 million (bullion valued at
US$0.87 and US$1209 per ounce).

 Mining Partnership Agreement with MACA Ltd – Beadell has entered into a Letter of Intent for a
Mining Partnership Agreement with MACA Limited for the management of all drill & blast, load &
haul, crusher feed and auxiliary services at the Tucano Gold Mine in Brazil for a term of five years.

Mobile earthmoving equipment owned by Beadell will be progressively sold to MACA for ~$40M.
 Guidance – Gold sales guidance for CY2014 of 180,000 - 200,000 ounces remains unchanged.