Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Shareholder Meeting (November 2024)
17 slides from Bellevue Gold's shareholder meeting presentation, Nov 21, 2024
Slide 1: AGM Presentation: Real growth from a high-grade WA asset
For personal use only AGM Presentation Real growth from a high-grade WA asset November 2024
Slide 2: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements This presentation has been prepared by Bellevue Gold Limited (ABN 99 110 439 686) (Company or Bellevue) (ASX: BGL) and is authorised by the Managing Director & Chief Executive Officer of Bellevue. DISCLAIMER This presentation has been prepared by the Company based
Slide 3: Disclaimers & Compliance Statements (cont)
Disclaimers & Compliance Statements (cont) Forward-looking All-In-Sustaining Cost estimates have been prepared on a real basis at a project level (i.e. not adjusted for possible future inflation and do not include the effects of corporate costs) and assume an FY25 gold price of A$3,500/oz of gold, d
Slide 4: Disclaimers & Compliance Statements (cont)
Disclaimers & Compliance Statements (cont) Information in this presentation that relates to Exploration Targets is based on and fairly represents information and supporting documentation compiled by Mr Sam Brooks. Mr Brooks is a Competent Person who is a full-time employee of and holds securities in
Slide 5: Strong execution to date… strategy underway to accelerate growth
Strong execution to date… strategy underway to accelerate growth Following the successful delivery of the Bellevue Gold Project, the focus is now on growth and margin expansion – Bellevue’s accelerated 5 Year Growth Plan to deliver low risk expansion to 250koz1 pa by FY28 Successful project delivery
Slide 6: Profitability combined with a derisked balance sheet
Profitability combined with a derisked balance sheet FY24 NPAT of $75m and June 2024 quarter free cash flow of $41m highlights cash generating potential De-geared balance sheet and revised repayment schedule creates strong platform for delivering growth plan De-gearing facilitates self-funding of 5
Slide 7: Production Growth of +45% by FY28 in a Tier 1 mining district
Production Growth of +45% by FY28 in a Tier 1 mining district Production is set to grow at a 13% CAGR to FY283 Bellevue to become the only pureplay 200koz2 pa+ gold producer with >5g/t gold head grade in Tier 1 jurisdiction Tier 1 gold deposits with >200koz production & 5g/t Au head grade1,2 Bellevu
Slide 8: Sustainability is core to Bellevue's vision and purpose
Sustainability is core to Bellevue’s vision and purpose Partnership with Zenith to deliver up to 80% of green energy supply from solar and wind power Renewable Energy Construction on track for 90 MW hybrid power station consisting of: 24 MW wind, 27 For personal use only MW solar, 24 MW thermal an
Slide 9: Project ramp up on track
Project ramp up on track Commercial production achieved in May 2024 with H2 FY24 production of 80,043 ounces in line with guidance, underground development rates ramping back up post installation of primary underground infrastructure September 2024 quarterly highlights For personal use only Q1 FY2
Slide 10: 5 Year Growth Plan to +250koz pa and lower costs
5 Year Growth Plan to +250koz1 pa and lower costs Multi-year Production & Cost Guidance FY25 Guidance and Growth 260 2,000 FY25 to deliver production of 165,000-180,000 ounces at a project AISC of A$1,750 - A$1,850 per ounce 240 1,900 For personal use only Focus on UG mine expansion; Tribune UG es
Slide 11: Growth in annual mining rate to 1.6Mtpa by FY27
Growth in annual mining rate to 1.6Mtpa by FY27 6g/t gold high-grade core the key focus of mining – additional material accessed from same infrastructure 5 mining areas increasing to 7 Underground Mining Tonnes per annum For personal use only High grade Medium grade Low grade 2,000,000 8.0 1,800,000
Slide 12: Vrify 3D presentation – play here
Vrify 3D presentation – play here For personal use only 12 https://vrify.com/decks/16463
Slide 13: Investing now for the future
Investing now for the future Benefits of investing in life of mine infrastructure in FY25/26 Investment across FY25-FY26 will create life of mine platform to be a +250koz1 pa producer Drives a cost benefit from increased economies of scale and a decrease in AISC of A$250/oz from FY25 to FY29 For
Slide 14: 3.2Moz Resource – targeting significant growth potential
3.2Moz Resource – targeting significant growth potential FY25-FY26; decline development opens up a major ~1.5-2.5Moz at 8-10 g/t gold Exploration Target1 to the south covering down plunge extent of ore system Current MRE 3.2Moz covers 2.8km of strike2 - new drill platforms covering an extra ~50%
Slide 15: Exploration to underpin Resource growth
Exploration to underpin Resource growth Project continues to grow – following successful commissioning and ramp up exploration spend to add low-cost ounces to mining inventory +191% Share Price Performance Last 5 years Mineral Resource over time (Moz) For personal use only Successful commissioning a
Slide 16: Investment Highlights
Investment Highlights For personal use only Exceptional Production Experienced Fully funded Exploration asset growth management for growth upside Bellevue forecast to 5 Year Growth plan Track-record of Balance sheet Underground be the only delivers production tier-1 gold miners optimised and de- dev
Slide 17: Peer comparison data
Peer comparison data Production Grade AISC2 Basis of data Source Document koz g/t A$/oz X Peers1 For personal use only Agnew/Lawlers 245 5.7 1,761 CY23A Gold Fields 2023 Annual Financial Report, released on 28 March 2024 Granny Smith 284 5.0 1,610 CY23A Gold Fields 2023 Annual Financial Report, rele