Bellevue Gold Limited · ASX:BGL
Bellevue Gold — CLSA Exploration access day (June 2022)
19 slides from Bellevue Gold's conference presentation, Jun 2, 2022
Slide 1: CLSA 'Exploration access' day presentation
For personal use only CLSA ‘Exploration access’ day presentation High-grade Bellevue Gold Project – Platform for organic growth
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. DISCLAIMER For personal use only This Presentation has been prepared by the Company based on information from its own and th
Slide 3: Disclaimers & Compliance Statements – JORC
Disclaimers & Compliance Statements JORC COMPLIANCE STATEMENTS For personal use only 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
Slide 4: Investment Highlights
Investment Highlights The completed funding solution sees BGL fully funded into production with total liquidity of $351m as at 31 March 2022 to fund the $252m capex from Feasibility Study released in September 20211 (FS2) For personal use only One of the highest-grade, lowest cost mines in Australia
Slide 5: The BGL Value Proposition: Exploiting Our Competitive Advantages
The BGL Value Proposition: Exploiting Our Competitive Advantages One of Australia’s highest-grade gold mines, with exciting exploration potential and an accelerated development For personal use only timeline that is fully funded to production 3.1Moz 2.4 MozFCF A$1.8b + 10.0g/t at 9.9g/t 72% IRR VALU
Slide 6: 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 Fiona Robertson Shannon Coates Michael Naylor Non- Executive Independent Managing Director Non-Executive Independent Non-Executive Independent Non- Executive Director Chairman Director Director
Slide 7: West Australia's Yilgarn Craton
West Australia’s Yilgarn Craton For personal use only EASTERN GOLDFIELDS +200Moz TIER 1 LOCATION • West Australia - Globally recognized Tier 1 mining jurisdiction, ranked #1 on the Fraser Index 2021 Mining Agnew/Wiluna Belt attractiveness Index +40Moz Laverton Belt • World Class gold province host t
Slide 8: Bellevue Gold Project regional setting
Jundee Mine 40km Northern Star 10.0Moz Agnew/Wiluna Greenstone Belt >50moz within 200km of Bellevue Matilda Gold Mine Wiluna Mining Ltd 12Moz For personal use only • Bellevue Gold holds over 2,700km2 of tenure including fully granted mining licences covering the Bellevue Gold Project Greenstone Belt
Slide 9: Structural setting at Bellevue - High-grade shoot development
Structural setting at Bellevue - High-grade shoot development • Well preserved structural features relating to extensional kinematics associated with the mineralisation at Bellevue- analogous to other For personal use only major deposits in the region- Gwalia, Harbour Lights, Waroonga, Redeemer etc1
Slide 10: Exploration development strategy delivering outperformance
Exploration development strategy delivering outperformance • BGL’s outperformance has been delivered by exploration growth and also by expanding the mining inventory • This process is set to continue in 2022 with further growth and optimisation studies occurring For personal use only Reserve update
Slide 11: Change in exploration paradigm has opened up the search space
Change in exploration paradigm has opened up the search space • Deposit remains open in every direction (LHS) image highlighting historic vs current (RHS) lode system 1. 1997 Historic Cross Section Looking North at time of Mine Closure For personal use only +484,000 metres of diamond drilling has di
Slide 12: A deposit that continues to grow in every direction
A deposit that continues to grow in every direction • Since the Tribune discovery hole in November 2017, the Resource has grown at a compound annual growth rate of 81% • The recent Lucknow discovery extends the strike to over 5km and the Lucien discovery sits 300m beneath the Deacon lode; For person
Slide 13: Underground access opens up exploration potential
Underground access opens up Southern Limit of Surface Drilling post 1997 exploration potential For personal use only NORTH 3.8moz1 484,000m of 0.12moz 11,800m of of gold NEW drilling of gold historic drilling Deacon Deacon SHEAR Open SHEAR Southern Belle Bellevue Bellevue SHEAR SHEAR Open TRIBUNE TR
Slide 14: Exploiting the competitive 'exploration' advantage at the project
Exploiting the competitive ‘exploration’ advantage at the project • Conductive mineralisation drives more efficient discovery and target appraisal • Several areas highlight the potential for future Resource growth with further drilling outside of known Resource areas For personal use only Untested D
Slide 15: Significant, Long Life Underground Mines in the Region
Significant, Long Life Underground Mines in the Region • Comparative Archean Lode Gold Deposits in the Agnew/Wiluna Greenstone Belt • The deposit remain open in every direction; the potential exists to replicate the successes of similar systems For personal use only Scale Comparison with the Bellevu
Slide 16: Positioned for high margin, low capital intensive growth beyond 1Mtpa
Positioned for high margin, low capital intensive growth beyond 1Mtpa • The current 1Mtpa plant was designed with the potential for further growth above the 1Mtpa nameplate capacity For personal use only Processing Plant • Total LOM recoveries forecasted at 96.7% • Process plant designed to recover
Slide 17: Delivery of 200,000 ounces per annum is the first step
Delivery of 200,000 ounces per annum is the first step in realizing the full potential of the Bellevue Lode System For personal use only • Over 500,000m of high quality oriented diamond drilling - excellent geological and structural control • Ore Reserve and Mineral Resource Estimate by Independent
Slide 18: A consistent delivery of the project since July 2020
A consistent delivery of the project since July 2020 • The Company is continually delivering into the dual track development and exploration strategy by adding value through growth in the Resource and an upgraded FS2 study that has increased the value of the project by $701m in 6 months For personal
Slide 19: Mineral Resource and Ore Reserve Estimates
Mineral Resource and Ore Reserve Estimates INDEPENDENT JORC 2012 RESERVE ESTIMATES FOR THE BELLEVUE GOLD PROJECT (Current September 2021) Tonnes Grade Contained Ounces Ore Reserve (Mt) (g/t Au) (Moz) For personal use only Probable High Grade Underground Ore Reserve 3.6 7.7 0.90 Probable Low Grade Un
Bellevue Gold — CLSA Exploration access day (June 2022) on 6ix