Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Investor Presentation (July 2019)
31 slides from Bellevue Gold's investor presentation, Jul 15, 2019
Slide 1: 1.8 Million oz @ 11.1 g/t gold
For personal use only 1.8 Million oz @ 11.1 g/t gold A RAPIDLY GROWING HIGH-GRADE GOLD DISCOVERY BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Follow us @bellevuegold July 2019 WWW.BELLEVUEGOLD.COM.AU | ASX: BGL
Slide 2: Cautionary Statements and Disclaimer
DISCLAIMER CAUTIONARY STATEMENTS AND DISCLAIMER DISCLAIMER This presentation has been prepared by Bellevue Gold Limited (the Company) based on and risks that cause actions, events or results not to be anticipated, estimated or intended, For personal use only information from its own and third party
Slide 3: One of the Highest Grade New Gold Discoveries in Australia
ONE OF THE HIGHEST GRADE NEW GOLD DISCOVERIES IN AUSTRALIA BELLEVUE GOLD PROJECT – A MAJOR MINERALISED GOLD SYSTEM GROWING RAPIDLY For personal use only • Updated Independent JORC Inferred Resource Estimate, Bellevue Gold Project1 5.0 Mt @ 11.1 g/t gold for 1,800,000 oz • Resources are open. • Adjac
Slide 4: A Standout High Grade Gold Project in Australia
A STANDOUT HIGH GRADE GOLD PROJECT IN AUSTRALIA ONE OF THE HIGHEST GRADE GOLD PROJECTS For personal use only Note: one deposit higher @ ~60g/t gold Bellevue Gold Project Resource Grade 11.1 g/t gold • Bellevue Gold Project one of the highest grade new gold discoveries in recent times in Australia. •
Slide 5: A Resource of Significant Size & Grade in Australia
A RESOURCE OF SIGNIFICANT SIZE & GRADE IN AUSTRALIA CONTINUED RESOURCE GROWTH IN 2019 For personal use only ~60g/t 11.1 g/t Bellevue Gold • A project of significant size & grade when compared to the top Australian gold mining operations. Major Gold Mining Operations in Australia & Bellevue Gold Proj
Slide 6: Rapid Resource Growth
RAPID RESOURCE GROWTH MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS OF A$15 oz 25,000 For personal use only 1.8 Moz updated resource 11/07/2019 20,000 1.53 Moz Drill metres per quarter 15,000 updated resource 1.04 Moz 5/2/2019 updated resource 22/10/2018 0.5 Moz 10,000 maiden resource 01/08/1
Slide 7: Corporate Summary
CORPORATE SUMMARY BUILDING STRONG FOUNDATIONS For personal use only ASX Code BGL Current Share Price A$0.62 Shares on issue1 501M Market Capitalisation A$310M Management, staff & consultant Cash2 ~A$20M options/performance rights unlisted 111M (prices from $0.035 - $0.60) Top 20 Shareholders1 ~ 64%
Slide 8: Board of Directors
BOARD OF DIRECTORS A TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS For personal use only Executive Director Non-Executive Chairman Managing Director & Company Secretary Mr. Ray Shorrocks Mr. Steve Parsons Mr. Michael Naylor Ray has more than 20 years’ Steve is an experienced Michael is a chartered
Slide 9: Excellent Location
EXCELLENT LOCATION MAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION For personal use only Onsite at Bellevue • Excellent infrastructure mining license • Grid power. • Services at Leinster, Leonora & Wiluna. • Flights, Perth to Leinster (40km south). • Sealed roads. • Water. • Significant landholdin
Slide 10: Major Gold & Nickel Districts
MAJOR GOLD & NICKEL DISTRICTS WORLD-CLASS GOLD & NICKEL BELTS ADJACENT TO NUMEROUS GOLD PROCESSING PLANTS For personal use only • Bellevue has major landholdings over 3,600km2 within prolific gold & nickel belts (BGL owns 100%). • Major producing gold mines within close proximity to Bellevue’s Proje
Slide 11: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE A MAJOR HISTORICAL GOLD PRODUCER For personal use only Historic Mine Shaft BELLEVUE GOLD LTD IS THE FIRST COMPANY TO • Bellevue Gold Mine historically produced about EXPLORE BELLEVUE 800,000 oz @ 15 g/t gold. SYSTEMATICALLY FOR GOLD USING MODERN TECHNIQUES IN NEARLY • A c
Slide 12: Historic Bellevue Gold Mine: Production 1986-1997
HISTORIC BELLEVUE GOLD MINE SIGNIFICANT GOLD PRODUCTION 1986 – 1997 BEFORE IT CLOSED For personal use only • Historically produced ~100,000oz pa gold LOM. • 260kt pa processing plant (onsite). UNDERGROUND • Mine head grade ~ 15g/t gold. MINING OPERATIONS AND PROCESSING • Excellent metallurgical reco
Slide 13: Existing Infrastructure
Existing Infrastructure 1,800,000 oz @ 11.1g/t gold inferred resources from surface adjacent existing mine development For personal use only 28,000 metres of existing underground mine development Bellevue Surrounds Lode main ventilation shaft 0.7Moz @ 9.6 g/t gold Paris Pit and From surface & adjace
Slide 14: Multi-Million Ounce Gold System
MULTI-MILLION OUNCE GOLD SYSTEM GROWING RAPIDLY ALONG STRIKE & AT DEPTH For personal use only 800,000 oz @ 15 g/t gold mined from1986 to 1997 and Deacon new deeper target 1,800,000 oz @ 11.1 g/t gold current inferred resources1 in Bellevue footwall West Tribune new viago look-a-like target • A world
Slide 15: High-Grade Viago Lode
HIGH-GRADE VIAGO LODE 1.3 Mt @ 16.1 g/t gold for 700,000 oz gold inferred4 For personal use only • Viago Lode remains open - currently drilling north & south along strike. • Consistent high-grade diamond core drill results have included: 4.3 m @ 58.8 g/t gold1 3.0 m @ 85.9 g/t gold2 6.4 m @ 27.9 g/t
Slide 16: High-Grade Tribune Lode
HIGH-GRADE TRIBUNE LODE CONTINUES TO GROWTH BOTH NORTH & SOUTH For personal use only • Tribune Lode remains open and is currently being drilled to the north & south along strike. • Consistent high grade diamond core drill results include: 5 m @ 22.9 g/t gold from 25m 1 7 m @ 27.4 g/t gold from 93m 2
Slide 17: A Significant High-Grade Lode System
A SIGNIFICANT HIGH-GRADE LODE SYSTEM MULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HIGHLY LIKELY North South For personal use only All resource wireframes are In close proximity to historic mining development . North ALL resources are unmined. South All resources are open. Northern resource extens
Slide 18: Multiple High-Grade Lodes From Surface
MULTIPLE HIGH-GRADE LODES FROM SURFACE STEP-OUT EXTENSION DRILLING CONTINUES TO DISCOVER NEW LODES NORTH, SOUTH, WEST, EAST AND AT DEPTH For personal use only Tribune resource 0.3Moz @ 8.1g/t gold East • Archean Lode gold system with multiple high-grade lodes. • Early quartz veins with subsequent de
Slide 19: Significant Potential to Extend High-Grade Lode System
SIGNIFICANT POTENTIAL TO EXTEND HIGH-GRADE LODE SYSTEM DRILL TESTING DEPTH EXTENSIONS QTRS 3 & 4 2019 North South For personal use only North South Bellevue Surrounds Lodes Open North South Open Tribune Lodes Open Southern Belle Lode Open Open 500m Deeper drilling targeting Open Deacon Lode Discover
Slide 20: Multiple High-Grade Gold Lodes
MULTIPLE HIGH-GRADE GOLD LODES JUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING For personal use only East • 4 kilometre mineralised corridor so far defined. • Mineralisation is open. • Hardly any drill holes – 20 years of no gold exploration. West Tribune new v
Slide 21: Bellevue, Viago & Tribune Lodes
BELLEVUE, VIAGO & TRIBUNE LODES MINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND ORE For personal use only TRIBUNE LODE • Lode quartz veins with sulphides (pyrrhotite) + visible 2.5m @ 29.0g/t & gold mineralisation. 3.8m @ 5.2g/t gold HOLE DRD020 (22 MAR 18) • Excellent metallurgical test r
Slide 22: Bellevue Gold Project 2019
BELLEVUE GOLD PROJECT 2019 GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2019 For personal use only 6 x Diamond Drill Core Rigs currently drilling onsite 40 person camp Drill core shed +80,000 metres of stored drill core laydown area field vehicles ASX:DRG ASX: BGL | 22
Slide 23: Multiple Bellevue Near Mine & Regional Targets
MULTIPLE BELLEVUE NEAR MINE & REGIONAL TARGETS A HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS For personal use only Kathleen Valley Government Well & Palmyra • BELLEVUE MINE TARGETS INCLUDE: 2m @ 19.7 g/t from 32m • Tribune Lode step-out. 2m @ 22.8 g/t from 8m • Viago Lode step-out. Bellevue
Slide 24: A Large Strategic Ground Position
A LARGE STRATEGIC GROUND POSITION HIGHLY PROSPECTIVE BELLEVUE & SOUTH YANDAL GOLD PROJECTS For personal use only • Bellevue Gold’s land position is over 3,600km2. • Bellevue Gold owns 100% of the Bellevue, Yandal South, Jundee North Projects. • All located in close proximity to the Bellevue Gold Pro
Slide 25: Unlocking the Potential at Bellevue
UNLOCKING THE POTENTIAL AT BELLEVUE FUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION For personal use only Now Qtr 3 & 4 Qtr 3 & 4 Qtr 3 & 4 6 x drill rigs Deeper Bellevue New Discovery 1.8 million oz @ 11.1g/t gold Targeting Targeting interim JORC inferred Targeting Viago, Bellevue & Drill testi
Slide 26: A Lot Further to Go
A LOT FURTHER TO GO HIGH-GRADE UNDERGROUND MINING OPERATIONS IN WESTERN AUSTRALIA WILL CONTINUE TO GO DEEPER For personal use only Bellevue Paulsens Jundee Darlot Kanowna Belle Agnew Gwalia surface Bellevue Gold Northern Star Northern Star Red 5 Northern Star Goldfields St Barbara surface ~800koz Hi
Slide 27: Bellevue High-Grade Gold
BELLEVUE HIGH-GRADE GOLD Rapidly Growing A Significant High-Grade Gold System For personal use only ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES PRODUCING 800,000 oz @ 15 g/t GOLD FROM 1986 – 1997 BELLEVUE GOLD LTD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & CONSISTANT RESOURCE GROWT
Slide 28: Appendices follow
For personal use only Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold to a cultural event on Country with senior Wati & senior elders of Tjiwarl Appendices follow Suite 3, Level 3, 24 Outram Street West Perth| T: + 61 (08) 6424 8077| E: admin@bellevuegold.com.au
Slide 29: Competent Persons Statement
COMPETENT PERSONS STATEMENT For personal use only The information in this presentation that relates to mineral resources at Viago/Viago North, Tribune/Tribune North and Southern Belle is based on, and fairly represents, information and supporting documentation prepared by Mr Brian Wolfe, an independ
Slide 30: Building Global Analyst Coverage
BUILDING GLOBAL ANALYST COVERAGE For personal use only Analyst Company Analyst Name Contact Details Macquarie Bank Ben Crowley Ben.Crowley@macquarie.com Canaccord Genuity Tim McCormack tim.mccormack@canaccord.com.au Paterson's Securities Limited Xavier Braud XBraud@psl.com.au Sprott Capital Partners
Slide 31: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 11 July 2019): 3.5 g/t gold lower cut off, totals rounded to reflect acceptable precision For personal use only JORC 2012 Inferred resource estimate at selected lower cut-off grades at