Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Corporate Update (June 2022)
25 slides from Bellevue Gold's corporate update, Jun 7, 2022
Slide 1: Project Production, De-risking and Growth Update
For personal use only Project Production, De-risking and Growth Update Executing the plan: ~90% of capital costs locked in Reserves up 29% to 1.3Moz Underground mining advanced 7 June 2022 ASX:BGL 1 ASX300
Slide 2: Disclaimer
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 third party sources and is not a discl
Slide 3: JORC Compliance Statements
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 Resources and Ore Reserves (JORC Code). Invest
Slide 4: 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 5: Leading the way in ESG
Leading the way in ESG For personal use only • Clear ESG strategy being enacted; focused on best- Bellevue's PACE Core Values in-class ESG results PASSION • Greenhouse gas intensity is forecast to be in the Each day we will safely pursue our mission with passion range of 0.150 to 0.202 t CO2e / oz –
Slide 6: De-risking towards production
De-risking towards production Project de-risking well on track Project Derisking well underway • Project is fully funded to production with $351m in liquidity (as at 31 Mar 2022) • Project is now 62% complete from commencement of development phase that commenced in July 2020 For personal use only •
Slide 7: 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 8: Corporate Summary
Corporate Summary Supported by some of the worlds largest investors For personal use only ASX Code BGL Current Share Price A$0.884 ASX 300 Market Capitalisation ~ A$908m Shares on issue ~1,031m Cash1 ~ A$150.9m Unlisted performance rights ~34m Top 20 Shareholders ~65% Shareholder Summary2 Total Glob
Slide 9: Board and management – a proven team of mine builders
Board and management – a proven team of mine builders For personal use only Kevin Tomlinson Steve Parsons Shannon Coates Fiona Robertson Michael Naylor Non- Executive Independent Managing Director Non-Executive Independent Non-Executive Independent Non- Executive Director Chairman Director Geologist
Slide 10: Growing in a world class mining jurisdiction
Growing in a world class mining jurisdiction For personal use only Host to > 400 Moz of gold endowment in a tier 1 location • West Australia globally recognized Tier 1 mining jurisdiction, ranked #1 on the Fraser Index 2021 for Mining Attractiveness BELLEVUE GOLD • World Class gold province host to
Slide 11: >50moz within 200km of Bellevue
Jundee Mine 40KM Northern Star 10.0Moz3 Agnew/Wiluna Greenstone Belt Matilda Gold Mine Wiluna Mining Ltd 12Moz3 For personal use only >50moz within 200km of Bellevue Greenstone Belt • Bellevue Gold holds over 2,700km2 of tenure including fully granted mining Granite licences covering the Bellevue Go
Slide 12: 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 13: 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 94% • The Reserve has grown at a compound annual growth rate of 68% since February 2021 • Reserve conv
Slide 14: 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 pla
Slide 15: Bellevue Mine development Layout
Bellevue Mine development Layout Completion of Phase 1 development de-risking ramp up For personal use only • 4.8km of development completed to date, on schedule and ahead of ramp up to start of Phase 2 development • Ventilation, pumping & power infrastructure in place and optimised for expansion, f
Slide 16: Southern production centre - Early mine life
Southern production centre- Early mine life 3 Mining fronts, conventional top-down longhole open stoping For personal use only • Accessed by twin Portals and dedicated declines, first three years feed from the Deacon Main, Bellevue South and Tribune Production orebodies • All sub-vertical production
Slide 17: Northern production centre - Early mine life
Northern production centre- Early mine life 3 Mining fronts, Conventional top-down longhole open stoping For personal use only • Separate mining centre accessed from the Paris Portal and Northern decline; to the Marceline, Armand and Deacon North orebodies • All sub-vertical production, conventional
Slide 18: Underground conditions allow for high-speed development
Underground conditions allow for high-speed development For personal use only • Upgraded primary ventilation systems allow for independent firing in the Southern and Northern production centres – reducing delays in the development cycle • Excellent ground conditions in robust basalt rock mass – grou
Slide 19: Excellent ground conditions with first vertical rise pulled
Excellent ground conditions with first vertical rise pulled For personal use only • First vertical rise was pulled using a longhole rig to create a return air rise • The 5mW x 6mL x 18mH performed exceptionally well demonstrating low mining dilution • Cavity monitoring system (CMS) showed the final
Slide 20: Processing infrastructure allows for growth beyond 1Mtpa
Processing infrastructure allows for growth beyond 1Mtpa For personal use only The current 1Mtpa plant was designed with the potential for further growth above nameplate capacity Processing Plant • Total LOM recoveries forecasted at 96.7% • Process plant designed to recover high gravity component at
Slide 21: Mining & Plant early works contracts
Mining & Plant early works contracts De-risking continues with two Tier 1 contractors appointed For personal use only EPC - early works & critical path items ordered • Preliminary EPC works contract awarded to Tier 1 Australian company GR Engineering (GRES) (ASX:GRE) • Plant capital expenditure work
Slide 22: 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 • Project execution is significantly de-risked to cost escalation with 90% of the project capital committed; tier 1 contractors appoi
Slide 23: Lowest carbon emitter of Australian gold
Lowest carbon emitter of Australian gold • We believe that the best gold ounces are those with the lowest AISC and least greenhouse gas (GHG) emissions For personal use only • Bellevue Gold is forecast to have the lowest carbon emission intensity of all gold mines on the ASX on a per ounce basis • G
Slide 24: Bellevue's economic contributions to society continue to grow
Bellevue’s economic contributions to society continue to grow For personal use only • Since the ‘discovery hole’ in November 2017, Bellevue has injected ~A$200m into the Australian economy • During construction and operation, the project is forecast to generate ~A$3.0 billion into the economy, inclu
Slide 25: 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