Bellevue Gold Limited · ASX:BGL
Bellevue Gold — BMO Global Metals & Mining Conference 2024
20 slides from Bellevue Gold's conference presentation, Feb 26, 2024
Slide 1: BMO Global Metals & Mining Conference – Bellevue Gold
For personal use only BMO Global Metals & Mining Conference BellevueGold– Delivery of a premium gold asset February 2024
Slide 2: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements This Presentation has been prepared by Bellevue Gold Limited (Company or Bellevue) (ASX: BGL) and is authorised by Managing Director and Chief Executive Officer of Bellevue Gold Limited. DISCLAIMER This Presentation has been prepared by the Company based on inform
Slide 3: Disclaimers & Compliance Statements – JORC
Disclaimers & Compliance Statements JORC COMPLIANCE STATEMENTS It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply with the Joint Ore Reserves Committee’s Australasian Code for Reporting of Mineral Resources and Ore Reserves (JORC
Slide 4: Bellevue Gold FY24 Focus
Bellevue Gold FY24 Focus Unlocking a globally significant high-grade, high margin, growth focused gold project in Australia ▪ Project construction completed on time and on budget ▪ Plant operating at design criteria of 1Mtpa by the end of the December 2023 quarter For personal use only Commissioning
Slide 5: Board and management – a proven team of mine builders
Board and management – a proven team of mine builders Darren Stralow Mining Engineer ▪ >20yrs' experience Managing Director ▪ Previous role of Chief Development Officer and GM of Operations Investment Banking &CEO at Northern Star Resources (NST) For personal use only ▪ >40yrs' experience ▪ Led inte
Slide 6: Ramp up on track - 1Mtpa rate achieved weeks from start
Ramp up on track- 1Mtpa rate achieved 6 weeks from start All key drivers proceeding well with key metrics ramping up across mining & processing Gold Produced (oz) Ore Milled (t) Mill Throughput (tph) 12,000 100,000 For personal use only 140 ✓ ✓ 10,475 84,780 85,525 120 125 1Mtpa run rate achieved 1M
Slide 7: 2H FY24 Guidance of 75k-85koz
2H 2024FY Guidance of 75k-85koz Plant achieving nameplate 1Mtpa run rate Underground high-grade mining ramping up ✓ Strengthening Balance Sheet For personal use only ▪ Liquidity $48.5 million (as at 31 Dec 2023), limited construction capital * remaining ▪ Company now generating positive free cash fl
Slide 8: Grade control drilling; high-grade lodes
Grade control drilling; high-grade lodes Deacon MiningArea 14.0m @ 49.4 g/t gold Underground areas ramping up into five independent mining areas, 10.9m @ 20.5 g/t gold 14.4m @ 15.4 g/t gold significantly decreasing risk across the deposit 6.5m @ 27.2 g/t gold 5.7m @ 26.0 g/t gold 7.3m @ 20.3 g/t gol
Slide 9: Multiple independent mining areas in development
Multiple independent mining areas in development Deacon Main 1058 200 Bellevue 1095 200 ▪ Five independent mining areas now in ore development with multiple development levels ▪ Stoping underway at Upper Armand, Lower For personal use only Armand, Bellevue South, Deacon and 129.0g/t Marceline 110.2g
Slide 10: Stoping ramping up; excellent performance to date
Stoping ramping up; excellent performance to date ▪ Ramp-up continues with >25 stopes completed, majority from Upper Armand area ▪ Cavity monitoring of voids to date highlight favourable stoping conditions For personal use only ▪ Minimum widths achieved ▪ Target dilution achieving better than design
Slide 11: Growth Story
For personal use only Growth Story • Exceptional grade in recent grade control infill drilling • Underground development creates platform for further exploration • Deposit remains open along strike, at depth and down plunge • Plant designed for increased throughput
Slide 12: Vrify 3D presentation
Vrify 3D presentation – play here For personal use only https://vrify.com/decks/15208
Slide 13: Exploiting the competitive exploration advantage
Exploiting the competitive exploration advantage ▪ Conductive mineralisation drives more efficient discovery and target appraisal ▪ Several areas highlight the potential for future Resource growth with further drilling outside of known Resource areas For personal use only Fracture Fill Sulphide Netw
Slide 14: 15km of development creates platform for exploration growth
15km of development creates platform for exploration growth ▪ Gentle southerly plunge to the south associated with fold hinge plunge and high-grade, high pyrrhotite ore ▪ Completely OPEN and untested to south except for historic 250m spaced drilling ▪ Every hole on the 250m spacing has significant g
Slide 15: Deep holes confirm 3.1Moz system is OPEN
Deep holes confirm 3.1Moz system is OPEN Bellevue Repeatedsystemopenatdepth Shear 1.4Moz For personal use only ▪ Parallel structure at depth in deep EIS funded drilling ▪ 1.6m @ 9.3 g/t gold in new structure at Deacon depth Shear 1.4Moz ▪ Flat Viago analogue targets at Lucien ▪ Progress in undergrou
Slide 16: Future proof - Designed for growth >1.0Mtpa
Future proof- Designed for growth >1.0Mtpa ROMPad Lab Screen deck Oversized Crushing Fine Ore Bin (FOB) Circuit (1.7 Mtpa) For personal use only Ball Mill Current mill achieving 1.0Mtpa Workshop Thickeners CIL Tanks Future additional CIL capacity Gold Room ▪ Simple throughput increase to 1.2Mtpa – n
Slide 17: Sustainability is core to BGL's vision and purpose
Sustainability is core to BGL’s vision and purpose Partnership with Zenith to deliver up to 80% of green energy supply from solar and wind power Renewable Energy Progress on the 29MWh Battery Energy Storage ▪ Construction on track for sector leading 89.7 MW hybrid power station consisting of: 24 MW
Slide 18: Investment highlights
Investment highlights For personal use only World class Resource Production ESG Leader Re-Rate potential Growth Growth Potential Forecast to be a Current underground 1Mtpa plant Project is forecast Significant potential for top-20 Australian development creates designed for to have the lowest a valu
Slide 19: Appendix
For personal use only Appendix
Slide 20: Mineral Resource and Ore Reserve Estimates
Mineral Resource and Ore Reserve Estimates INDEPENDENT JORC 2012 RESERVE ESTIMATES FOR THE BELLEVUE GOLD PROJECT (Current June 2022) Tonnes Grade Contained Ounces Ore Reserve (Mt) (g/t (Moz) Au) Probable High Grade Underground Ore Reserve 4.5 7.9 1.14 For personal use only Probable Low Grade Undergr
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