Gold mining firm Beadell Resources Ltd (ASX: BDR) gears up further in divesting the company's non-core assets as it announced on Thursday the $31.25 million sale of its Brazilian Amapa project iron ore royalty to Anglo Pacific Group Plc of London.

The company said the sale would mostly cover for the execution of a deed of assignment, assumption and consent by all the entities involved in the royalty agreement, which should be forthcoming in the coming weeks.

Beadell managing director Peter Bowler said that proceeds of the sale would be utilised in the construction of a carbon-in-leach processing plant at the company's Tucano gold project, also in Brazil.

Mr Bowler said that the new transaction was part of the Beadell's continuing effort to raise more cash through divestiture of non-core assets and equipments, a strategy he said was in direct collusion with the company's sensible levels of debt.

Another sale in offing, according to Mr Bowler, is Beadell's extensive fleet of 35 earthmoving equipments which are being "considered for divestment on a cash-sale basis to an experienced mining services group who will subsequently be awarded a long term contract for the mining of our open pits."

Mr Bowler characterised the company's ongoing and planned divestment activities as significant milestones that would allow Beadell to be in a good position as the company advances towards its goal of resuming operations on its large-scale gold exploration at Tucano.

The Tucano mine was abandoned in January 2009 following realisation by its former mine operator that its technique of extracting gold through heap leaching proved economically unviable in harvesting gold and other materials at the mine and was later taken over by Beadell Resources.

As of 1304 AEST on Thursday, Beadell shares were trading at 38 cents, its value rising by two cents or 5.56 percent from previous trading sessions.