Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Diggers & Dealers 2022
19 slides from Bellevue Gold's conference presentation, Aug 2, 2022
Slide 1: Diggers & Dealers Presentation 2022
For personal use only Diggers & Dealers Presentation 2022 Executing the strategy: Leveraging our competitive advantages 2 years of consistent project delivery De risking on our pathway to first gold and cashflow in 2H 2023 2 August 2022 ASX:BGL 1 ASX300
Slide 2: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements This Presentation has been prepared by Bellevue Gold Limited (Company) and is authorised by the Managing Director of Bellevue Gold Limited. For personal use only DISCLAIMER This Presentation has been prepared by the Company based on information from its own and th
Slide 3: Disclaimers & Compliance Statements cont.
Disclaimers & Compliance Statements cont. For personal use only 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 Reso
Slide 4: BGL Investor Video Diggers 2022
BGL Investor Video Diggers 2022 Play here For personal use only 4 https://bellevuegold.wistia.com/medias/489a38jtwu
Slide 5: Bellevue Gold Overview
Bellevue Gold Overview The “Standout” high-grade, high margin growth gold project in Australia For personal use only Project has significant grade, scale and margin in a tier one jurisdiction Significant and proven growth potential vs peer group Forecast +10yr mine life producing over 200,000
Slide 6: De-risking towards production
De-risking towards production Project is fully funded to production with $317.5m in liquidity (as at 30 June 2022) For personal use only Project is now 62% complete from commencement of development phase (from portal to first production) which commenced in July 2020 Pre-production expenditure
Slide 7: Sustainability is core to BGL's vision and purpose
Sustainability is core to BGL’s vision and purpose Vision To be a sustainable gold mining company that enriches our shareholders, community and people For personal use only Purpose To create a high-performance organisation that delivers superior shareholder value, positive ESG outcomes and an enviro
Slide 8: Growing in a world class mining jurisdiction
Growing in a world class mining jurisdiction For personal use only Host to > 200Moz of gold endowment in a tier 1 location West Australia globally recognised tier 1 mining jurisdiction, ranked #1 on the Fraser BELLEVUE GOLD PROJECT Index 2021 for Mining Attractiveness 3.9Moz Endowment Agnew/Wiluna
Slide 9: Quality ore body with excellent grade and width
Quality ore body with excellent grade and width 3.1moz @ 9.9g/t gold Resource inventory remains open for growth For personal use only Historic Mine- 500m 800,000 ounces @ 10.0m @ 15.4g/t gold Long Section looking east through the Bellevue Lode System 5.0m @ 31.6g/t gold 2.8m @ 46.9g/t gold +11 g/t m
Slide 10: Continued organic resource growth set to deliver further outperformance
Continued organic resource growth set to deliver further outperformance For personal use only Since the discovery hole in November 2017, the Resource has grown at a compound annual growth rate of 63% The Reserve has grown at a compound annual growth rate of 68% since February 2021 Reserve conv
Slide 11: 10-year mine life with organic growth potential
10-year mine life with organic growth potential Multiple opportunities for organic growth: 1. Nameplate 1Mtpa- crushing circuit has been designed to process higher throughput rates than 1Mtpa For personal use only 2. Resource conversion - another 40% of the Resource sits outside the current mine p
Slide 12: Mining - capitalising on our head start
Mining - capitalising on our head start Then Now Future For personal use only Portal – commenced August 2020 Stage 2 development commenced Two production centres (North & South) 5.1km of development completed Mining contractor Develop started 24 May 2022 >5 independent production f
Slide 13: Record development and first ore heading
Record development and first ore heading For personal use only Development intersects first ore First Ore July 2022 First high-grade Armand lode intersected The first of 5 independent mining areas to be accessed for commercial production Multiple production fronts will allow for maximum flexib
Slide 14: Mining - key pillars in place
Mining - key pillars in place 1 2 Robust Ground Conditions For personal use only Significant Headstart 10 available headings – increased jumbo productivity Mesh & Bolts only 3 Installed Infrastructure Future proof with a focus on emissions reduction 4 Tier 1 Contractor Elite underground mining team
Slide 15: Processing – Infrastructure allows for growth
Processing – Infrastructure allows for growth For personal use only Current Simple layout and orientation - 1Mtpa nameplate Simple metallurgy – 97% total recovery, including >60% gravity recovery Simple flowsheet – tried and tested Tier-1 contractor – GR Engineering Services Construction c
Slide 16: Camp construction now 75% complete
Camp construction now 75% complete The camp is now 75% complete with all 339 rooms landed and 120 rooms complete Two 14.9Kw solar arrays have been installed to power the borefield pumps; the pumps will be run For personal use only at 100% solar power during daylight hours 16
Slide 17: Consistently delivering since July 2020
Consistently delivering since July 2020 The company is continually delivering on time and on budget; this will drive a further re-rate as we move closer to cashflow For personal use only Project execution is significantly de-risked to cost escalation with 90% of the project capital committed; ti
Slide 18: Significant re-rate potential as a future high grade, high margin producer
Significant re-rate potential as a future high grade, high margin producer For personal use only • Gold companies that recently transitioned into production have experienced significant outperformance as the project is de-risked • BGL positioned as a high grade, high margin business with growth pote
Slide 19: Investment Highlights
Investment Highlights For personal use only World class potential Resource Growth Production Growth ESG Leader De-risking Forecast to be a Since the discovery Project mine life Project is forecast 62% through top 20 Australian hole in November has grown 25% to to have the lowest development timeline