Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Canaccord Global Mining Conference 2026
25 slides from Bellevue Gold's conference presentation, May 19, 2026
Slide 1: Canaccord Global Mining Conference 2026
For personal use only Canaccord Global Mining Conference 2026 Delivering, De-Risked & Unlocking Upside May 2026 PASSION-ACCOUNTABILITY-CARE-EXCELLENCE
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 the Company. DISCLAIMER This presentation has been prepared by the Company ba
Slide 3: Disclaimers & Compliance Statements (cont.)
Disclaimers & Compliance Statements (cont.) FORWARD-LOOKING INFORMATION This presentation contains forward-looking statements. Wherever possible, words such as “intends”, “expects”, “scheduled”, “estimates”, “anticipates”, “believes”, and similar expressions or statements that certain actions, event
Slide 4: Disclaimers & Compliance Statements (cont.)
Disclaimers & Compliance Statements (cont.) The ACCUs acquired to date use the Savanna fire management methodologies, as certified by the Clean Energy Regulator. Bellevue continues to investigate and implement emission reduction measures, however while there remain hard-to-abate greenhouse gas emiss
Slide 5: Disclaimers & Compliance Statements (cont.)
Disclaimers & Compliance Statements (cont.) • All ore bearing structures are projected to continue to the south. • By multiplying the ounce intensity of the Northern recently drilled portion of the lode system for the additional strike extent that will be accessible from the Southern Drill drive and
Slide 6: Capital Structure, Board & Management
Capital Structure Board & Management Market Capitalisation1 A$2,510M US$1,785M Board Cash & Gold2 A$181M US$129M Kevin Tomlinson Non-Executive Chairman Bank Debt2 A$100M US$71M Darren Stralow Managing Director & CEO For personal use only Shannon Coates Non-Executive Director Shareholders3 Leigh Junk
Slide 7: Bellevue: Delivering, de-risked and established
Bellevue: Delivering, de-risked and established Positioned for growth in an established and fertile mining region, with a long life and strong cash flow ▪ Long-life & established asset: 1.3Moz ORE; 3.1Moz MRE1 underpinning long reserve life and significant potential for For personal use only Jundee
Slide 8: Delivering to guidance
Delivering to guidance FY26 focused on establishing higher grade mining areas following a ramp up year in FY25 Developing in high grade areas3 On-track to meet FY26 Guidance Ore Face at Deacon January 2026 Production of 130-150koz For personal use only AISC of A$2,600-2,900/oz (US$1,845-2,060/oz) Gr
Slide 9: First Ore from Deacon North
First Ore from Deacon North ▪ New high grade mining area at Deacon North delivering development ore – on schedule ▪ Stoping to ramp up through FY27 – a key contributor to consistent higher grade ore feed with Deacon Main already established Development on schedule with grade control support1 Develop
Slide 10: Production Growth: Delivering, de-risking & growth
Production Growth: Delivering, de-risking & growth Bellevue is on track to deliver FY26 guidance and is targeting increased production in FY27 & beyond FY26 FY27 onwards FY28 For personal use only Delivering FY26 Guidance Pay down hedge book & debt Unlocking Exploration Upside On track to deliver FY
Slide 11: Balance sheet strength & hedge book reduction
Balance sheet strength & hedge book reduction Strong cash position and continued hedge book pre-delivery to further de-risk the business ▪ Cash & Gold Growing ▪ Forward gold delivery commitments reducing ▪ As at 31 March 20261 the Group had the following ▪ Forward contracts reduced FY26 YTD2 by 60.4
Slide 12: Established in more consistent mining areas
Established in more consistent mining areas ▪ Following establishment of infrastructure, stoping now focused on 5 key mining areas from late FY26 ▪ Consistent mining expected in these established mining areas going forward ▪ Orebody remains open at depth and down plunge For personal use only North P
Slide 13: Ounce density substantially increasing – Deacon line of lode
Ounce density substantially increasing – Deacon line of lode North Ounces per vertical metre: Deacon line of lode For personal use only Level 1390 1330 1270 1210 1150 1090 1030 970 910 850 790 730 670 Marceline oz density 0 2,000 4,000 6,000 significantly increases OUNCES PER METRE next level Deacon
Slide 14: Processing Plant
Processing Plant ▪ Standard gravity-CIL plant Crushing Circuit ▪ 3 stage crushing, ball milling FOB For personal use only ▪ Maintaining ~95% recovery1 Ball Mill ▪ ~70% gravity recovery Gravity Circuit ▪ Target filling 1.35mtpa capacity ▪ Recent upgrades to gravity circuit & CIL oxygen sparging drivi
Slide 15: Exploration has recommenced at Bellevue
Exploration has recommenced at Bellevue No exploration completed at Bellevue since FY22. Renewed focus on value-adding near-mine exploration ▪ Surface diamond drilling program ongoing ▪ High-grade mineralisation intersected in fifth hole of program For personal use only ▪ 3.44 metres at 18.45g/t gol
Slide 16: Exploration Upside: Open down plunge & down dip
Exploration Upside: Open down plunge & down dip ▪ Underground drilling set to recommence in FY27 with resource to reserve conversion anticipated thereafter ▪ Sixth underground drilling rig anticipated in June 2026 quarter (5 rigs currently focused on grade control drilling) ▪ Southern drill drive ex
Slide 17: Exploiting the exploration advantage
Exploiting the exploration advantage ▪ Conductive mineralisation drives more efficient discovery and target appraisal through use of geophysics (DHEM) ▪ Several areas highlight the potential for future Resource growth with further drilling outside of known Resource areas For personal use only North
Slide 18: World's first net zero gold mine
The Bellevue Gold Project is the world’s first net zero gold mine1 ▪ Bellevue achieved net zero (Scope 1 and Scope 2) greenhouse gas emissions for the Bellevue Gold Project for CY251. ▪ The Bellevue Gold Project is forecast to be the most renewably powered off-grid mine in Australia2. ▪ The jeweller
Slide 19: Investment Highlights
Investment Highlights Exceptional asset Optimised balance sheet For personal use only Long-life, high-grade gold mine in tier Optimised & de-risked balance one jurisdiction sheet with substantial cash balance & reducing hedge book Exploration upside Near term production growth Large exploration pote
Slide 20: Appendices
Appendices For personal use only ▪ Mineral Resource & Ore Reserve ▪ Mining Area Slides ▪ Paste Plant Slide
Slide 21: Mineral Resource and Ore Reserve Estimates
Mineral Resource and Ore Reserve Estimates JORC 2012 RESERVE ESTIMATES FOR THE BELLEVUE GOLD PROJECT Tonnes Grade Contained Ounces Ore Reserve For personal use only (Mt) (g/t Au) (Moz) Probable High Grade Underground Ore Reserve 5.61 6.0 1.08 Probable Low Grade Underground Ore Reserve 2.86 2.1 0.20
Slide 22: FY26 Deacon Main Mining Area
FY26 Deacon Main Mining Area ▪ Grade Control now well placed for FY26 North For personal use only 100m Notes: 1. Refer to the Company’s ASX announcements dated 5 August 2019, 2 October 2019, 19 November 2019, 17 December 2019, 18 February 2020, 24 February 2020, 27 May 2020, 7 July 2020, 1 October 2
Slide 23: FY26 Viago Mining Area
FY26 Viago Mining Area ▪ Grade control better grades & widths to come North For personal use only Notes: 1. Refer to the Company’s ASX announcements dated 17 July 2018, 27 July 2018, 6 August 2018, 26 September 2018, 9 October 2018, 14 March 2019, 21 May 2019, 11 July 2019, 5 August 2019, 19 Novembe
Slide 24: FY26 Tribune Mining Area
FY26 Tribune Mining Area ▪ Portal, decline and infrastructure developed during FY25 ▪ Significant increase in stoping in FY26. For personal use only North Notes: 1. Refer to the Company’s ASX announcements dated 1 December 2017, 7 February 2018, 22 March 2018, 23 May 2018, 28 June 2018, 27 July 2018
Slide 25: Paste plant feasibility study updated
Paste plant feasibility study updated Paste fill feasibility study update complete1 – Paste fill will increase long term value & de-risk operations at Bellevue Paste to maximise ore extraction to recover an additional ~100koz that would otherwise be lost to pillars. Any extension of Ore Reserves wil
Bellevue Gold — Canaccord Global Mining Conference 2026 on 6ix