Bellevue Gold Limited · ASX:BGL
Bellevue Gold — North American Gold Conferences September 2019
30 slides from Bellevue Gold's conference presentation, Sep 11, 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 Fol l ow us @bel l ev uegol d SE PTE M BE R 2019 NO RTH AM ERICAN G O L D CO NFERENCE S 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: One of Australia's Highest-Grade New Gold Discoveries
ONE OF AUSTRALIA’S HIGHEST-GRADE NEW GOLD DISCOVERIES BELLEVUE GOLD PROJECT – A MAJOR MINERALISED GOLD SYSTEM GROWING RAPIDLY BELLEVUE GOLD MINE 5.0 Mt @ 11.1 g/t for 1.8 Million oz gold1 +3,600 km2 WAS ONE OF AUSTRALIA’S Bellevue Gold Project JORC Inferred Resource Estimate1 strategic landholding R
Slide 4: Board & Key Management
Board & Key Management A TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS Non-Executive Chairman Mr. Kevin Thomlinson Managing Director Executive Director Mr. Steve Parsons & Company Secretary Chief Geologist Kevin has over 30 years experience Mr. Michael Naylor Mr. Sam Brooks in Mining & Finance wit
Slide 5: Corporate Summary
CORPORATE SUMMARY BUILDING STRONG FOUNDATIONS Current Share Price2 A$0.62 ASX Code BGL Market Capitalisation A$353M Shares on issue 570M Cash1 ~A$35M Management & consultant options & performance rights unlisted 72M (prices from $0.035 - $0.60) Top 20 Shareholders1 ~ 67% Shareholder Summary1 Total G
Slide 6: Rapid Resource Growth
RAPID RESOURCE GROWTH MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS OF A$15/oz ASX: BGL | 6
Slide 7: 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 gold deposits & producing gold mines within proximity to Bellevue’s Projects: • Darlot (G
Slide 8: Bellevue's Excellent Location
BELLEVUE’S EXCELLENT LOCATION MAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION Onsite at Bellevue mining license Excellent infrastructure: • Grid power. • Services at Leinster, Leonora & Wiluna towns. • Daily Flights - Perth to Leinster (only 40km south). • Sealed roads. • Water. • +3,600km2 landho
Slide 9: Bellevue Gold Summary Video
BELLEVUE GOLD SUMMARY VIDEO PLEASE CLICK ON THE VIDEO LINK CLICK ON THE LINK TO VIEW THE BELLEVUE GOLD PROJECT SUMMARY VIDEO https://youtu.be/z4fWCTxkguw ASX: BGL | 9
Slide 10: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE A MAJOR HISTORICAL GOLD PRODUCER IN AUSTRALIA Historic Mine Shaft BELLEVUE GOLD LTD IS THE Bellevue Gold Mine historically FIRST COMPANY TO produced about 0.8 Moz @ 15 g/t gold. EXPLORE BELLEVUE SYSTEMATICALLY FOR GOLD USING MODERN A century of high-grade gold, Bellevue w
Slide 11: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE SIGNIFICANT GOLD PRODUCTION 1986 – 1997 • Historically produced ~100,000oz pa gold LOM. • 260 kt pa processing plant (onsite). UNDERGROUND • Mine head grade ~ 15g/t gold. MINING OPERATIONS AND PROCESSING PLANT CEASED IN 1997 • Excellent metallurgical recoveries of 97.5%.
Slide 12: Utilising Existing Infrastructure
UTILISING EXISTING INFRASTRUCTURE 1.8 Million OZ @ 11.1 G/T GOLD FROM SURFACE ADJACENT EXISTING UNDERGROUND MINE DEVELOPMENT • Over 28,000 metres of existing underground mine development. • De-watering studies and permitting are well advanced. • Future drilling from underground will be low cost acce
Slide 13: Multi-Million Ounce High-Grade Gold System
MULTI-MILLION OUNCE HIGH-GRADE GOLD SYSTEM GROWING RAPIDLY ALONG STRIKE & AT DEPTH 0.8 Million oz @ 15 g/t gold mined from 1986 to 1997 & 1.8 Million oz @ 11.1 g/t gold current inferred resources1 • A world class multi-million oz Archean lode gold system. Multiple new discovery targets including: •
Slide 14: Bellevue High-Grade Lode System
BELLEVUE HIGH-GRADE LODE SYSTEM MULTIPLE LODES WITH CONSISTANT HIGH-GRADE GOLD MINERALISATION • Tribune Lode: consistent high-grade diamond core drill results include: 5m @ 22.9 g/t gold1 7m @ 27.4 g/t gold2 12m @ 12.0 g/t gold3 10.1m @ 29.0 g/t gold4 • Tribune Lode is located 300 metres west and pa
Slide 15: Excellent Gold Recoveries
EXCELLENT GOLD RECOVERIES MINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND MINE • Lode quartz veins with sulphides (pyrrhotite) + visible gold mineralisation. • Excellent metallurgical test results up to 98.8% through a combination of gravity and 48-hour cyanide leach bottle rolls.1 • Gravi
Slide 16: Strong Plunge Control on High-Grade Ore Shoots
STRONG PLUNGE CONTROL ON HIGH-GRADE ORE SHOOTS CONSISTENT GENTLE SOUTHERLY PLUNGE AT TRIBUNE, BELLEVUE AND VIAGO LODES – AS WAS MINED HISTORICALLY • high-grade gold plunge control shown at Tribune Lode. ASX: DRG ASX: BGL|| 16 16
Slide 17: 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 • Archean Lode gold system with multiple high-grade lodes. East • Early quartz veins with subsequent deformation and sulphide + gold mineralisation. • Abundant vis
Slide 18: Deacon & Mavis High-Grade Discovery
DEACON & MAVIS HIGH-GRADE DISCOVERY ANOTHER LODE DISCOVERED RECENTLY BENEATH THE HISTORIC BELLEVUE MINE OUTSIDE OF THE CURRENT RESOURCE Cross section looking north showing ALL drilling • New major high-grade gold discovery with Bellevue-style quartz- sulphide-gold mineralisation. Tr Bellevue Lo 600m
Slide 19: A Significant High-Grade Lode System
A SIGNIFICANT HIGH-GRADE LODE SYSTEM MULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HAPPENING 4 Kilometre High-Grade Gold Lode System & Open South Deacon & Mavis - New significant gold Drill testing extensions of current resources Large scale untested discovery in first drilling beneath Bellevue Mi
Slide 20: Multiple High-Grade Gold Lodes
MULTIPLE HIGH-GRADE GOLD LODES JUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING • 4 km mineralised corridor so far defined within a 20km untested trend. • Mineralisation is open. • Limited drilling, 20 years of no gold exploration. • Multiple high-grade gold lod
Slide 21: Multiple Targets Will Grow the High-Grade Lode System
MULTIPLE TARGETS WILL GROW THE HIGH-GRADE LODE SYSTEM FULLY FUNDED FOR CONTINUED RESOURCE GROWTH & INFILL DRILLING 2019 -2020 North South • All known Lodes remain open. • Drilling with 6 diamond core rigs underway. South • More drill-ready targets than any previous period. • New discoveries are fuel
Slide 22: Bellevue Gold Project 2019
BELLEVUE GOLD PROJECT 2019 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 +110,000 metres of diamond drill core laydown area field vehicles ASX: DRG ASX: BGL|| 22 22
Slide 23: Multiple Bellevue Near-Mine & Regional Targets
MULTIPLE BELLEVUE NEAR-MINE & REGIONAL TARGETS A HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS BELLEVUE NEAR MINE TARGETS INCLUDE: Kathleen Valley Government Well & Palmyra 2m @ 19.7 g/t gold from 32m • Viago Lode step-out. 2m @ 22.8 g/t gold from 8m • Tribune Lode step-out. Bellevue Northern
Slide 24: Unlocking the Potential at Bellevue
UNLOCKING THE POTENTIAL AT BELLEVUE FUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION 1.8 million oz @ 11.1g/t gold interim JORC inferred Deacon & Mavis resource estimate new high-grade discoveries Qtr 3 & 4 Qtr 3 & 4 New Discovery 6 x drill rigs Targeting Qtr 3 & 4 Targeting below Now Bellevue mi
Slide 25: A Lot Further to Go
A LOT FURTHER TO GO HIGH-GRADE UNDERGROUND MINING OPERATIONS IN WESTERN AUSTRALIA WILL CONTINUE TO GO DEEPER Bellevue Paulsens Jundee Darlot Kanowna Belle Agnew Gwalia surface Bellevue Gold Northern Star Northern Star Red 5 Northern Star Goldfields St Barbara surface ~800koz Historically Historicall
Slide 26: 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 0.8 Million 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
Slide 27: 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 28: Competent Persons' Statement
COMPETENT PERSONS’ STATEMENT The information in this presentation that relates to mineral resources at presentation and consents to the inclusion in this announcement of all Viago/Viago North, Tribune/Tribune North and Southern Belle is based on, and technical statements based on his information in
Slide 29: 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 30: 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
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