Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Corporate Update (October 2020)
46 slides from Bellevue Gold's corporate update, Oct 9, 2020
Slide 1: Diggers Investor Site Tour
For personal use only Diggers Investor Site Tour Developing the high-grade 2.3Moz Bellevue Gold Project in WA F o llo w u s @ bellevuegold www.bellevuegold.com.au
Slide 2: Disclaimer & Cautionary Statements
Disclaimer & Cautionary Statements For personal use only This Presentation has been prepared by Bellevue Gold Limited (the Company) and is authorised by the Board of cause the Company's actual results, events, prospects and opportunities to differ materially from those expressed or Directors of Bell
Slide 3: Welcome To Country
Welcome To Country For personal use only Bellevue Gold would like to begin today by acknowledging the Traditional Owners of the land on which we meet today, the Tjiwarl people and pay our respects to Elders past and present. Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold
Slide 4: Bellevue Gold - Values and Vision
Bellevue Gold - Values and Vision “To create a standout gold mining & exploration company that is an industry benchmark” At Bellevue we believe we have a unique opportunity to develop a standout gold mining company that is the For personal use only benchmark for others to be measured against. We bel
Slide 5: ESG - the new Paradigm in investing
ESG - the new Paradigm in investing BGL in the community For personal use only Our commitment to the Communities in which we operate is the ‘C’ in our PACE core values. 2020 BELLEVUE GOLD LIMITED COMMUNITY BGL will be releasing its RELATIONS maiden Sustainability report this Quarter 2019/2020 FINANI
Slide 6: Corporate Summary
CORPORATE SUMMARY BUILDING STRONG FOUNDATIONS For personal use only Current Share Price A$1.13 ASX Code BGL ASX 300 (September 2019) Market Capitalisation A$949m Shares on issue 840m Cash1 ~A$145m Management & consultant options & performance rights unlisted 39m (prices from $0.10 - $0.60) Top 20 Sh
Slide 7: A rapidly growing, multi-million ounce high-grade gold deposit
A rapidly growing, multi-million ounce high-grade gold deposit The Bellevue deposit has achieved rapid resource growth since the discovery hole in November 2017 Resource For personal use only Update 7/07/20 2.3Moz Dual exploration and development strategy Resource Update at 10.0g/t 50,000 24/02/20 2
Slide 8: Bellevue dual exploration and development strategy
Bellevue dual exploration and development strategy Maiden Indicated Resource combined with successful equity raising enables Bellevue to pursue the planned dual For personal use only exploration and development strategy to accelerate project development in parallel with continued growth through expl
Slide 9: Development Strategy Update
Click here for the 3D Inventum model For personal use only Development Strategy Update F o llo w u s @ bellevuegold www.bellevuegold.com.au
Slide 10: Decline rehab will pave the way for exploration and development
Decline rehab will pave the way for exploration and development The $20m investment into re-establishing access will utilise existing infrastructure to accelerate development and For personal use only reduce overall capital intensity of development and drilling. • Existing Infrastructure - Over 28km
Slide 11: Isometric View of the Indicative Mine Plan
Isometric View of the Indicative Mine Plan Draft mine plan highlighting flat lying structures in Pink and sub vertical structures in Blue. For personal use only Current Face Location • 213m Advance to date • Broken through into old workings • Ahead of current schedule Stage 1 $20M Decline Rehabilita
Slide 12: Bellevue Project Works for Underground Access
Bellevue Project Works for Underground Access For personal use only Secondary Vent fan installed at Paris Decline. Decline entry from Paris pit Portal Power generation ready for underground and surface requirements. Portal breakthrough into existing workings 12 www.bellevuegold.com.au
Slide 13: Exploration Strategy
Click here for the 3D Inventum model For personal use only Exploration Strategy F o llo w u s @ bellevuegold www.bellevuegold.com.au
Slide 14: Tier 1 location in world-class gold belt
Tier 1 location in world-class gold belt Bellevue has major landholding, of over 2,780km2 For personal use only Excellent infrastructure: ✓ Historically significant gold producing region: ✓ • Services at Leinster, Leonora and Wiluna • Major gold deposits & producing gold • Daily flights - Perth to L
Slide 15: Depth Potential of Archean Gold Systems: A lot further to go
Depth Potential of Archean Gold Systems: A lot further to go The Bellevue deposit has remained unexplored for the last 20 years Darlot Gwalia For personal use only Bellevue Jundee Kanowna Belle Agnew Bellevue Gold Northern Star Red 5 Northern Star Goldfields St Barbara surface (previously Goldfields
Slide 16: Bellevue Project – Regional trend +20kms underexplored along strike
Bellevue Project – Regional trend +20kms underexplored along strike For personal use only Existing Resources open in all directions as well as a range of exciting greenfield opportunities Bellevue intends to grow the Resource through step out drilling and has commenced exploration within Bellevue Pr
Slide 17: Down Hole Electro Magnetic (DHEM) Targeting Success
Down Hole Electro Magnetic (DHEM) Targeting Success A Highly Efficient Game Changing Exploration Tool High pyrrhotite (magnetic) content associated with gold mineralisation makes this exploration tool For personal use only extremely successful for Bellevue. • Drill holes are surveyed upon completion
Slide 18: $35m Exploration Budget: Pipeline Near Mine & Greenfields targets
$35m Exploration Budget: Pipeline Near Mine & Greenfields targets For personal use only NEAR MINE Armand Deacon Central & Northern Extensions Southern Belle Viago North Extension, Bellevue North Deacon Southern Extension Bellevue/Highway Shear under Viago Tribune Southern Plunge, Vlad Extension Bell
Slide 19: Near Mine Exploration
Click here for the 3D Inventum model For personal use only Near Mine Exploration F o llo w u s @ bellevuegold www.bellevuegold.com.au
Slide 20: Near Mine Targets
Near Mine Targets Adjacent to mine infrastructure & existing resource For personal use only Good Enough: Untested EM Conductors Armand Lucknow: Deacon Central & Northern Extensions Northern extension of the Bellevue System Southern Belle along 1km N-S Interpreted Trend Viago North Extension, Bellevu
Slide 21: Stage two drilling underway to grow maiden Indicated Resource
Stage two drilling underway to grow maiden Indicated Resource Indicated Resource (860koz at 11.6g/t1) located (in blue) within existing discoveries; in close proximity to underground For personal use only infrastructure, with all Resources remaining open. Deacon up dip target area 1.4m @ 63.2g/t Ent
Slide 22: Exploration from underground a game changer
Exploration from underground a game changer Part of the $35m exploration spend will utilise existing infrastructure to accelerate exploration and significantly reduce For personal use only capital intensity of the exploration spend; $40m of development capital will give early access to high grade ar
Slide 23: Program 1: July 2018 EIS WA Government Co-Funded Drilling
Program 1: July 2018 EIS WA Government Co-Funded Drilling Discovery: Viago For personal use only Exploration Incentive Scheme (EIS) Grant and Drill Plan ❑ 2,000m drill programme ❑ Designed to test for Bellevue extensions down dip ❑ $150,000 grant Discovery DRDD059 3.4m @ 10.4g/t from 575.3m ❑ DRDD05
Slide 24: Program 2: August 2019 EIS WA Government Co-Funded Drilling
Program 2: August 2019 EIS WA Government Co-Funded Drilling Discovery: Deacon For personal use only Exploration Incentive Scheme (EIS) Grant and Drill Plan ❑ 2,000m drill programme DRDD139 ❑ Designed to test for repetition of the 2.5m @ 5.1g/t from 753.6m sub vertical lodes in the footwall of DRDD12
Slide 25: Program 3: September 2020 EIS WA Government Co-Funded Drilling
Program 3: September 2020 EIS WA Government Co-Funded Drilling Discovery: New Discovery For personal use only Exploration Incentive Scheme (EIS) Grant and Drill Plan ❑ 2,000m drill programme ❑ Designed to test structural repetition hypothesis and significant drill gap ❑ $150,000 grant DRDD327 Discov
Slide 26: Future Upside: High Grade Flat Lodes – Part of Structural Framework
Future Upside: High Grade Flat Lodes – Part of Structural Framework High likelihood of further repeat structures For personal use only Potential for Discovery Vlad – flat Lode Structural Framework DRDD349 1.9m @ 23.1 g/t from 224.7 1 ❑ Repeated flat/subvertical lode orientations. Part of conjugate s
Slide 27: New Armand High Grade Shoot at the Bellevue Lode
New Armand High Grade Shoot at the Bellevue Lode Bellevue lode analogue; Close to infrastructure New High-Grade ore shoot of scale in the For personal use only Bellevue Lode 450m of strike and open • 4.6m @ 13.8 g/t gold from 364.8m in DRDD517 (refer ASX 08/10/20) • 1.9m @ 58.0 g/t gold from 380.5m
Slide 28: Regional Exploration
Click here for the 3D Inventum model For personal use only Regional Exploration F o llo w u s @ bellevuegold www.bellevuegold.com.au
Slide 29: Regional Exploration- untapped potential in a 40Moz jurisdiction
Regional Exploration- untapped potential in a 40Moz jurisdiction Greenfield targets within 50kms of the main BGL discovery with For personal use only Kathleen Valley standout targets unexplored with modern day exploration techniques. Government Well & Palmyra 17m at 4.2g/t gold from 19m 2m at 18.7 g
Slide 30: Kathleen Valley and Yandal South Targets
Kathleen Valley and Yandal South Targets 897km2 of underexplored ground in a 40Moz jurisdiction with walk up targets For personal use only Yanbo Strike Popes Patch Hartwell 30 Footnote: 1. Refer to ASX announcement on 10 June 2020. www.bellevuegold.com.au
Slide 31: Conclusion: Exploiting Our Competitive Advantages
Conclusion: Exploiting Our Competitive Advantages For personal use only One of Australia’s highest-grade gold mines, with exciting exploration potential and an accelerated development timeline 10.0g/t 2.3Moz GRADE SCALE GROWTH LOW CAPITAL CASH One of the highest- A globally significant Further upsid
Slide 32: Appendices
Click here for the 3D Inventum model For personal use only Appendices F o llo w u s @ bellevuegold www.bellevuegold.com.au
Slide 33: Historical Bellevue mine: Significant gold production from 1986 to 1997
Historical Bellevue mine: Significant gold production from 1986 to 1997 UNDERGROUND MINING OPERATIONS AND PROCESSING PLANT CEASED IN 1997 For personal use only • Historically produced ~100,000ozpa gold LOM. • 260ktpa processing plant (onsite) • Mine head grade ~15g/t gold • Excellent metallurgical r
Slide 34: Historical Bellevue mine: Significant gold production from 1986 to 1997
Historical Bellevue mine: Significant gold production from 1986 to 1997 Underground Mining Operations and Processing Plant Ceased in 1997. For personal use only 34 www.bellevuegold.com.au
Slide 35: Historical Bellevue Mine: Significant Gold Production from 1986 to 1997
Historical Bellevue Mine: Significant Gold Production from 1986 to 1997 Underground Mining Operations and Processing Plant Ceased in 1997. For personal use only 35 www.bellevuegold.com.au
Slide 36: Investment Highlights
Bellevue Gold Ltd (ASX: BGL) Investment Highlights An ASX300 Company Recent A$135m equity raising aimed at exploiting the project’s competitive advantages to accelerate For personal use only development and expansion of the high-grade Bellevue Gold Project. Underground portal works commencing at the
Slide 37: Current Development Timetable
Current Development Timetable 1 Equity raising provides funding and flexibility to accelerate development and activities at Bellevue For personal use only with a view to finalising economic studies in Q1 2021. Calendar Year 2020 Calendar Year 2021 Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul
Slide 38: Board of Directors
Board of Directors A Track Record of Corporate Success For personal use only Non-Executive Independent Non-Executive Independent Director Non-Executive Independent Director Executive Director & Company Secretary Managing Director Chairman Ms. Fiona Robertson Ms. Shannon Coates Mr. Michael Naylor Mr.
Slide 39: Executive Management Team
Executive Management Team Building a Team With a Track Record of Discovery Through to Multi-mine Production For personal use only GM People and Company Culture Chief Operating Officer Head of Corporate Development Chief Geologist Ms Daina Del Borrello Mr. Craig Jones Mr. Luke Gleeson Mr. Sam Brooks
Slide 40: For personal use only
Moz 10 15 25 30 5 20 - For personal use only Bellevue 10.0 (Bellevue Gold) Goldrush (Barrick) Hardrock (Centerra) Upper Canada (Agnico Eagle) Donlin (Barrick) Alturas (Barrick) Juby (Caldas Gold) First quartile jurisdiction Cote Third quartile jurisdiction Fourth quartile jurisdiction (IAMGOLD) Seco
Slide 41: Bellevue Gold's Pathway to production in the new world
Bellevue Gold’s Pathway to production in the new world ESG a driving factor in all decision making For personal use only Forecast pollutants and emissions to determine if Climate considerations for NPI or NGER thresholds new infrastructure, efficiency TCFD phase 3: triggered. Report if options and f
Slide 42: ESG & the opportunity to be 'best in class' corporate citizens
ESG & the opportunity to be ‘best in class’ corporate citizens BGL is evaluating all options on the pathway to development For personal use only - Smart blasting - Use of renewable electricity (solar, Climate consideration examples: - Energy efficient grinding wind) to power operations - Bushfires -
Slide 43: Key De-risking Events
Key De-risking Events A Pathway to Realising and Unlocking Shareholder Value For personal use only Key De-risking Events Achieved on the Project To Date ►Key Building Blocks and achievements ✓ Demonstrate the quality of the asset – drill out a maiden Indicated Resource ✓ Demonstrate standout explora
Slide 44: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project For personal use only Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 7 July 2020): 3.5 g/t gold lower cut-off, totals rounded to reflect acceptable precision Indicated Inferred Tonnes Grade Gold Tonnes Grade Gold (Mt) (g/t) (Moz) (M
Slide 45: Global Development Peers Data Set
Global Development Peers* Data Set Quartile 1 Quartile 2 For personal use only Deposit Reporting Study Inferred Combined Grade Deposit Study Combined Grade Reserves M+I (Moz) Reporting Code Reserves M+I (Moz) Inferred (Moz) (Developer) Code Status (Moz) (g/t) (Developer) Status (g/t) Bellevue Maiden
Slide 46: Global Development Peers Data Set
Global Development Peers* Data Set For personal use only Quartile 3 Combined Reporting Study Combined Grade Inferred Deposit (Developer) Reserves M+I (Moz) Inferred (Moz) Deposit (Developer) Reporting Code Study Status Reserves M+I (Moz) Grade Code Status (Moz) (g/t) (g/t) Evander Adumbi SAMREC BFS