Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Investor Presentation (July 2019)
37 slides from Bellevue Gold's investor presentation, Jul 24, 2019
Slide 1: 1.8 Million oz @ 11.1 g/t gold
1.8 Million oz @ 11.1 g/t gold A RAPIDLY GROWING HIGH-GRADE GOLD DISCOVERY BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Not for release to US wire services or distribution in the United States Follow us @bellevuegold July 2019 – Capital Raising WWW.BELLEVUEGOLD.COM.AU | ASX: BGL
Slide 2: Cautionary Statements and Disclaimer
DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER DISCLAIMER This presentation has been prepared by Bellevue Gold Limited (the Company) based on and risks that cause actions, events or results not to be anticipated, estimated or intended, information from its own and third party sources and is not a d
Slide 3: Cautionary Note Regarding Reserves and Resources
DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER CAUTIONARY NOTE REGARDING RESERVES AND RESOURCES You should be aware that as an Australian company with securities listed on the ASX, the Company is required to report reserves and resources in accordance with the Australasian Code for Reporting of Exp
Slide 4: One of the Highest Grade New Gold Discoveries in Australia
ONE OF THE HIGHEST GRADE NEW GOLD DISCOVERIES IN AUSTRALIA BELLEVUE GOLD PROJECT – A MAJOR MINERALISED GOLD SYSTEM GROWING RAPIDLY • Updated Independent JORC Inferred Capital Raising Resource Estimate, Bellevue Gold Project1 • Fully underwritten ~A$18.5m placement to sophisticated and institutional
Slide 5: Capital Raising
CAPITAL RAISING ASX:DRG ASX: BGL | 5
Slide 6: Capital Raising Overview & Timetable
CAPITAL RAISING OVERVIEW & TIMETABLE FULLY UNDERWRITTEN INSTITUTIONAL PLACEMENT TO RAISE APPROXIMATELY A$18.5 MILLION DETAILS OF CAPITAL RAISING • Fully underwritten institutional placement (“Placement”) to raise approximately A$18.5 million Offer Structure & Size • Approximately 32.4 million new Be
Slide 7: Use of Capital Raising Proceeds
USE OF CAPITAL RAISING PROCEEDS CAPITAL RAISING PROCEEDS WILL PRIMARILY BE USED FOR STEP OUT EXPLORATION AND INFILL DRILLING Use of Capital Raising Proceeds A$m Ongoing step out exploration and infill drilling at the Company’s flagship Bellevue Gold 13.0 Project Potential pre-development activities;
Slide 8: About Bellevue Gold Limited
ABOUT BELLEVUE GOLD LIMITED GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2019 6 x Diamond Drill Core Rigs currently drilling onsite 40 person camp Drill core shed +80,000 metres of stored drill core laydown area field vehicles ASX:DRG ASX: BGL | 8
Slide 9: Rapid Resource Growth
RAPID RESOURCE GROWTH MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS OF A$15 oz 25,000 1.8 Moz updated resource 11/07/2019 20,000 1.53 Moz Drill metres per quarter 15,000 updated resource 1.04 Moz 5/2/2019 updated resource 22/10/2018 0.5 Moz 10,000 maiden resource 01/08/18 5,000 Discovery dril
Slide 10: Corporate Summary Pre-Placement
CORPORATE SUMMARY PRE-PLACEMENT BUILDING STRONG FOUNDATIONS ASX Code BGL Current Share Price A$0.62 Shares on issue1 501M Market Capitalisation A$310M Management, staff & consultant Cash2 ~A$20M options/performance rights unlisted 111M (prices from $0.035 - $0.60) Top 20 Shareholders1 ~ 64% Sharehol
Slide 11: Board of Directors
BOARD OF DIRECTORS A TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS Executive Director Non-Executive Chairman Managing Director & Company Secretary Mr. Ray Shorrocks Mr. Steve Parsons Mr. Michael Naylor Ray has more than 20 years’ Steve is an experienced Michael is a chartered experience in corpora
Slide 12: Excellent Location
EXCELLENT LOCATION MAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION Onsite at Bellevue • Excellent infrastructure mining license • Grid power. • Services at Leinster, Leonora & Wiluna. • Flights, Perth to Leinster (40km south). • Sealed roads. • Water. • Significant landholding. • Granted Mining Li
Slide 13: Major Gold & Nickel Districts
MAJOR GOLD & NICKEL DISTRICTS WORLD-CLASS GOLD & NICKEL BELTS ADJACENT TO NUMEROUS GOLD PROCESSING PLANTS • Bellevue has major landholdings over 3,600km2 within prolific gold & nickel belts (BGL owns 100%). • Major producing gold mines within close proximity to Bellevue’s Projects: • Darlot (Goldfie
Slide 14: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE A MAJOR HISTORICAL GOLD PRODUCER Historic Mine Shaft BELLEVUE GOLD LTD IS THE FIRST COMPANY TO • Bellevue Gold Mine historically produced about EXPLORE BELLEVUE 800,000 oz @ 15 g/t gold. SYSTEMATICALLY FOR GOLD USING MODERN TECHNIQUES IN NEARLY • A century of high grade g
Slide 15: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE SIGNIFICANT GOLD PRODUCTION 1986 – 1997 BEFORE IT CLOSED • Historically produced ~100,000oz pa gold LOM. • 260kt pa processing plant (onsite). UNDERGROUND • Mine head grade ~ 15g/t gold. MINING OPERATIONS AND PROCESSING • Excellent metallurgical recoveries of 97.5%. PLANT
Slide 16: Existing Infrastructure
Existing Infrastructure 1.8 Moz @ 11.1g/t gold inferred resources from surface adjacent existing mine development 28,000 metres of existing underground mine development Bellevue Surrounds Lode main ventilation shaft 0.7Moz @ 9.6 g/t gold Paris Pit and From surface & adjacent mine development Decline
Slide 17: Multi-Million Ounce Gold System
MULTI-MILLION OUNCE GOLD SYSTEM GROWING RAPIDLY ALONG STRIKE & AT DEPTH 800,000 oz @ 15 g/t gold mined from1986 to 1997 and Deacon new deeper target 1.8 Moz @ 11.1 g/t gold current inferred resources1 in Bellevue footwall West Tribune new viago look-a-like target • A world class multi-million oz Arc
Slide 18: High-Grade Viago Lode
HIGH-GRADE VIAGO LODE 1.3 Mt @ 16.1 g/t gold for 700,000 oz gold inferred4 • Viago Lode remains open - currently drilling north & south along strike. • Consistent high-grade diamond core drill results have included: 4.3 m @ 58.8 g/t gold1 3.0 m @ 85.9 g/t gold2 6.4 m @ 27.9 g/t gold2 3.35 m @ 37.4 g
Slide 19: High-Grade Tribune Lode
HIGH-GRADE TRIBUNE LODE CONTINUES TO GROWTH BOTH NORTH & SOUTH • Tribune Lode remains open and is currently being drilled to the north & south along strike. • Consistent high grade diamond core drill results include: 5 m @ 22.9 g/t gold from 25m 1 7 m @ 27.4 g/t gold from 93m 2 12 m @ 12.0 g/t gold
Slide 20: A Significant High-Grade Lode System
A SIGNIFICANT HIGH-GRADE LODE SYSTEM MULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HIGHLY LIKELY North South All resource wireframes are In close proximity to historic mining development . North ALL resources are unmined. South All resources are open. Northern resource extension for Tribune Lode 5
Slide 21: Multiple High-Grade Lodes from Surface
MULTIPLE HIGH-GRADE LODES FROM SURFACE STEP-OUT EXTENSION DRILLING CONTINUES TO DISCOVER NEW LODES NORTH, SOUTH, WEST, EAST AND AT DEPTH Tribune resource 0.3Moz @ 8.1g/t gold • Archean Lode gold system with multiple high-grade lodes. • Early quartz veins with subsequent deformation and East sulphide
Slide 22: Significant Potential to Extend High-Grade Lode System
SIGNIFICANT POTENTIAL TO EXTEND HIGH-GRADE LODE SYSTEM DRILL TESTING DEPTH EXTENSIONS QTRS 3 & 4 2019 North South North South Bellevue Surrounds Lodes Open North South Open Tribune Lodes Open Southern Belle Lode Open Open 500m Deeper drilling targeting Open Deacon Lode Discovery Visible gold interce
Slide 23: Multiple High-Grade Gold Lodes
MULTIPLE HIGH-GRADE GOLD LODES JUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING East • 4 kilometre mineralised corridor so far defined. • Mineralisation is open. • Hardly any drill holes – 20 years of no gold exploration. West Tribune new viago look-a-like targe
Slide 24: Bellevue, Viago & Tribune Lodes
BELLEVUE, VIAGO & TRIBUNE LODES MINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND ORE TRIBUNE LODE • Lode quartz veins with sulphides (pyrrhotite) + visible 2.5m @ 29.0g/t & gold mineralisation. 3.8m @ 5.2g/t gold HOLE DRD020 (22 MAR 18) • Excellent metallurgical test results up to 98.8% thr
Slide 25: Multiple Bellevue Near Mine & Regional Targets
MULTIPLE BELLEVUE NEAR MINE & REGIONAL TARGETS A HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS Kathleen Valley Government Well & Palmyra • BELLEVUE MINE TARGETS INCLUDE: 2m @ 19.7 g/t from 32m • Tribune Lode step-out. 2m @ 22.8 g/t from 8m • Viago Lode step-out. Bellevue Northern extension 11
Slide 26: Unlocking the Potential at Bellevue
UNLOCKING THE POTENTIAL AT BELLEVUE FUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION Now Qtr 3 & 4 Qtr 3 & 4 Qtr 3 & 4 6 x drill rigs Deeper Bellevue New Discovery 1.8 million oz @ 11.1g/t gold Targeting Targeting interim JORC inferred Targeting Viago, Bellevue & Drill testing below • Viago look-
Slide 27: Bellevue High-Grade Gold
BELLEVUE HIGH-GRADE GOLD Rapidly Growing A Significant High-Grade Gold System ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES PRODUCING 800,000 oz @ 15 g/t GOLD FROM 1986 – 1997 BELLEVUE GOLD LTD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & CONSISTANT RESOURCE GROWTH 11.1 1.8 18 g/t Moz
Slide 28: Appendices follow
Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold to a cultural event on Country with senior Wati & senior elders of Tjiwarl Appendices follow Suite 3, Level 3, 24 Outram Street West Perth| T: + 61 (08) 6424 8077| E: admin@bellevuegold.com.au
Slide 29: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information in this presentation that relates to mineral resources at Viago/Viago North, Tribune/Tribune North and Southern Belle is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independent consultant special
Slide 30: Building Global Analyst Coverage
BUILDING GLOBAL ANALYST COVERAGE Analyst Company Analyst Name Contact Details Macquarie Bank Ben Crowley Ben.Crowley@macquarie.com Canaccord Genuity Tim McCormack tim.mccormack@canaccord.com.au Paterson's Securities Limited Xavier Braud XBraud@psl.com.au Sprott Capital Partners Brock Salier bsalier@
Slide 31: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 11 July 2019): 3.5 g/t gold lower cut off, totals rounded to reflect acceptable precision JORC 2012 Inferred resource estimate at selected lower cut-off grades at the Bellevue Gold Proj
Slide 32: Risk Factors
RISK FACTORS An investment in the Company's shares is subject to known and unknown risks, some of which are beyond the control of the Company. Therefore, there can be no guarantee with respect to the payment of dividends, returns of capital or the market value of those Shares. Investors should have
Slide 33: Risk Factors
RISK FACTORS An investment in the Company's shares is subject to known and unknown risks, some of which are beyond the control of the Company. Therefore, there can be no guarantee with respect to the payment of dividends, returns of capital or the market value of those Shares. Investors should have
Slide 34: Risk Factors
RISK FACTORS An investment in the Company's shares is subject to known and unknown risks, some of which are beyond the control of the Company. Therefore, there can be no guarantee with respect to the payment of dividends, returns of capital or the market value of those Shares. Investors should have
Slide 35: Foreign Selling Restrictions
FOREIGN SELLING RESTRICTIONS INTERNATIONAL OFFER RESTRICTIONS FOR THE PLACEMENT ARE DETAILED BELOW This document does not constitute an offer of New Shares of the Company in any offering memorandum that is delivered to purchasers contains a misrepresentation. These jurisdiction in which it would be
Slide 36: Foreign Selling Restrictions
FOREIGN SELLING RESTRICTIONS INTERNATIONAL OFFER RESTRICTIONS FOR THE PLACEMENT ARE DETAILED BELOW Canada (British Columbia, Ontario and Quebec provinces) continued Act; Language of documents in Canada. • is large within the meaning of clause 39 of Schedule 1 of the FMC Act; Upon receipt of this doc
Slide 37: Foreign Selling Restrictions
FOREIGN SELLING RESTRICTIONS INTERNATIONAL OFFER RESTRICTIONS FOR THE PLACEMENT ARE DETAILED BELOW United Kingdom Neither this document nor any other document relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the