Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Investor Presentation (February 2019)
31 slides from Bellevue Gold's investor presentation, Feb 5, 2019
Slide 1: A Rapidly Growing High-Grade Gold Discovery
1.53 Million oz @ 11.80 g/t gold A RAPIDLY GROWING HIGH-GRADE GOLD DISCOVERY BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Follow us @bellevuegold 5 th FEBRUARY 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, information from its own and third party sources and is not a d
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 • Updated Independent JORC Inferred Resource Estimate, Bellevue Gold Project1 4.0 Mt @ 11.8 g/t gold for 1,530,000 oz BELLEVUE GOLD MINE WAS • Adjacent existing historic
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 Note: one deposit higher @ ~60g/t gold • Bellevue Gold Project is one of the Viago Lode Resource Grade 22.0g/t gold highest grade new gold discoveries in recent times in Australia • Viago Lode is one of the highes
Slide 5: Rapid Resource Growth
RAPID RESOURCE GROWTH MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS AT LESS THAN A$15 oz updated 25,000 1.53 Moz resource Q2 2019 20,000 Forecast Qtr 1 2019 Drilling todays resource 5/2/2019 1.04 Moz Drill metres per quarter 15,000 updated resource 22/10/2018 0.5 Moz maiden resource 10,000 01
Slide 6: Corporate Summary
CORPORATE SUMMARY BUILDING STRONG FOUNDATIONS ASX Code BGL Current Share Price A$0.50 Shares on issue1 450M Market Capitalisation A$225M Management, staff & consultant Cash2 A$13.7M options/performance rights unlisted 124M (prices from $0.035 - $0.40) Top 20 Shareholders1 ~ 57% Shareholder Summary B
Slide 7: Board of Directors
BOARD OF DIRECTORS A TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS 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 experience in corpora
Slide 8: Excellent Location
EXCELLENT LOCATION MAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION Onsite at Bellevue • Excellent infrastructure mining license • Grid power • Services at Leinster, Leonora & Wiluna • Flights, Perth to Leinster (40km south) • Sealed roads • Water • Significant landholding • Granted Mining Licenses
Slide 9: Major Gold & Nickel Districts
MAJOR GOLD & NICKEL DISTRICTS WORLD-CLASS GOLD & NICKEL BELTS ADJACENT TO NUMEROUS GOLD PROCESSING PLANTS • 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 Projects: • Darlot (Goldfiel
Slide 10: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE A MAJOR HISTORICAL GOLD PRODUCER 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 century of high grade go
Slide 11: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE SIGNIFICANT GOLD PRODUCTION 1986 – 1997 BEFORE IT CLOSED • 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 recoveries of 97.5% PLANT CEA
Slide 12: Existing Infrastructure
Existing Infrastructure (Produced 800,000 oz @ 15g/t gold mined from 1987 to 1997) 1,530,000 oz gold inferred resources from surface adjacent existing mine development 800,000 oz @ 15 g/t gold production from 1987-1997 main ventilation shaft Paris Pit and Decline To Western Corridor Lodes Bellevue S
Slide 13: Bellevue Surrounds Resource
BELLEVUE SURROUNDS RESOURCE HIGH-GRADE GOLD LOCATED ADJACENT EXISTING MINE INFRASTRUCTURE Resource estimate unmined • High grade gold immediately adjacent historic Bellevue underground mine development. • Bellevue Surrounds is previously unmined and strike extensions of historic Bellevue gold minera
Slide 14: Multiple High-Grade Gold Lodes
MULTIPLE HIGH-GRADE GOLD LODES JUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING East • 4 kilometre mineralised corridor so far defined • Mineralisation is open • Hardly any drill holes Bellevue Surrounds • Multiple high grade gold lodes discovered within a major
Slide 15: A Multi-Million Oz Gold System
A MULTI-MILLION OZ GOLD SYSTEM GROWING RAPIDLY ALONG STRIKE & AT DEPTH • A world class multi-million oz Archean lode gold system • 800,000 oz @ 15 g/t gold mined 1986 to 1997 • 1,530,000 oz @ 11.8 g/t gold inferred resources currently • 4 kilometre mineralised corridor so far defined. • open along s
Slide 16: A Significant High-Grade Lode System
A SIGNIFICANT HIGH-GRADE LODE SYSTEM MULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HIGHLY LIKELY North South All resource wireframes are In close proximity to historic mining development . ALL resources are unmined. All resources are open. LONG SECTION LOOKING EAST SHOWING BELLEVUE SURROUNDS & UND
Slide 17: High-Grade Viago Lode - Open
HIGH-GRADE VIAGO LODE - OPEN 0.8 Mt @ 22.0 g/t gold for 550,000 oz gold inferred4 untested Currently drill untested North testing. • Consistent high grade diamond core drill results: 4.3 m @ 58.8 g/t gold1 untested untested 3.0 m @ 85.9 g/t gold2 6.4 m @ 27.9 g/t gold2 3.35 m @ 37.4 g/t gold3 2.8 m
Slide 18: Resources Are Adjacent Underground Development
RESOURCES ARE ADJACENT UNDERGROUND DEVELOPMENT STEP-OUT EXTENSION DRILLING UNDERWAY East • Analogous mineralisation style and host lithology to the Bellevue Mine • Early quartz veins with subsequent deformation and sulphide + gold mineralisation • Abundant coarse gold and well defined high- grade sh
Slide 19: Bellevue Mine, Viago & Tribune Lodes
BELLEVUE MINE, VIAGO & TRIBUNE LODES MINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND ORE 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 results up to 98.8%
Slide 20: Bellevue Gold Project 2019
BELLEVUE GOLD PROJECT 2019 GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2019 4 x Diamond Drill Rigs currently drilling onsite 24 person camp Drill core shed +40,000 metres of stored drill core laydown area Field vehicles ASX:DRG ASX: BGL | 20
Slide 21: Multiple Bellevue Regional Targets
MULTIPLE BELLEVUE REGIONAL TARGETS A HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS Kathleen Valley 2m @ 19 g/t from 32m • BELLEVUE NEAR-MINE TARGETS INCLUDE: 5m @ 9.78 g/t from 8m • Tribune Lode discovery. Bellevue Northern extension • Western Mineralised Corridor - a major new target 11m @ 6
Slide 22: A Large Strategic Ground Position
A LARGE STRATEGIC GROUND POSITION HIGHLY PROSPECTIVE BELLEVUE & SOUTH YANDAL GOLD PROJECTS • Bellevue Gold’s land position is over 3,600km2 • Bellevue Gold owns 100% of the Bellevue, Yandal South, Jundee North & Fisher West Gold Projects • All located in close proximity to the Bellevue Gold Project
Slide 23: Unlocking the Potential at Bellevue
UNLOCKING THE POTENTIAL AT BELLEVUE FUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION Qtr 1 Qtr 1 & 2 Now Qtr 1 Bellevue Regional Qtr 2 2019 4 x drill rigs Geophysics Targeting 1,530,000 oz Targeting Updated @ 11.8g/t gold Ongoing surface Bellevue & Yandal Viago, Bellevue & resource estimate inter
Slide 24: A Lot Further to Go
A LOT FURTHER TO GO HIGH-GRADE UNDERGROUND MINING OPERATIONS IN WESTERN AUSTRALIA WILL CONTINUE TO GO DEEPER Bellevue Paulsens Jundee Darlot Kanowna Belle Agnew Gwalia surface Bellevue Gold Northern Star Northern Star Red 5 Northern Star Goldfields St Barbara surface ~800koz Historically Produced Hi
Slide 25: Bellevue High-Grade Gold
BELLEVUE HIGH-GRADE GOLD Rapidly Growing A Significant High-Grade Gold System 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 & RESOURCE GROWTH 11.8 1.53 M 13 g/t oz months On
Slide 26: Appendices follow
Appendices follow Suite 3, Level 3, 24 Outram Street West Perth| T: + 61 (08) 6424 8077| E: admin@bellevuegold.com.au
Slide 27: Competent Persons Statement
COMPETENT PERSONS STATEMENT The information in this presentation that relates to Exploration Results and Exploration Targets is based on information compiled by Mr Shane Hibbird who is a member of the AusIMM, Australian Institute of Geoscientists (AIG) and the Society of Exploration Geologists (SEG)
Slide 28: Building Global Analyst Coverage
BUILDING GLOBAL ANALYST COVERAGE 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 Brock Salier bsalier@
Slide 29: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 5 February 2019): 3.5 g/t gold lower cut off, totals rounded to reflect acceptable precision JORC Mineral Resource Estimate Classification Tonnes (Mt) Grade Gold g/t Gold Ounces Inferre
Slide 30: Tribune Lode: A High-Grade Discovery at Surface
TRIBUNE LODE: A HIGH-GRADE DISCOVERY AT SURFACE HIGHLY PROSPECTIVE WESTERN MINERALISATION CORRIDOR WEST OF THE HISTORIC BELLEVUE MINE WORKINGS • BGL Tribune Lode discovery located only 300m west of the • Mineralised from surface and so far drilled down to only Bellevue mine workings in the underexpl
Slide 31: Bellevue Underground Mine
BELLEVUE UNDERGROUND MINE TARGETING THE EXTENSION OF THE HISTORIC HIGH-GRADE BELLEVUE GOLD LODE • Bellevue is a very high-grade lode mined underground to only 450 metres below surface. • VIAGO Lode new discovery sits directly below the historic workings • High-grade historical drill intercepts from
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