Gold Price $A, page-26

Were Beadell onto something?

Following their successful 2008 drilling, Beadell designed this program to test a variety of targets in the Clonbinane project and submitted the appropriate environmental work authorities to the Victorian government to clear the drill pads and undertake the drilling. Devastating bushfires swept through the area the following year delaying on ground activities and approvals. The designed drilling program was never undertaken and targets developed by Beadell remain to be tested. Ravensgate's considered opinion is that these exploration targets are of merit and worthy of drill testing, giving opportunity to increase overall resources.