Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Investor Presentation (May 2023)
28 slides from Bellevue Gold's investor presentation, May 2023
Slide 1: Bellevue Gold Overview
Bellevue Gold Overview A globally significant high-grade, high margin, growth focused gold project in Australia Project has significant grade, scale and margin in a tier one jurisdiction Significant and proven growth potential vs peer group Forecast +10yr mine life producing over 200,000 ounce
Slide 2: Board and management – a proven team of mine builders
Board and management – a proven team of mine builders Darren Stralow Mining Engineer 20yrs experience Managing Director Previous role of Chief Development Officer and GM of Operations Investment Banking & CEO at Northern Star Resources (NST) 35yrs experience Led integration of NST’s Australi
Slide 3: Sustainability is core to BGL’s vision and purpose
Sustainability is core to BGL’s vision and purpose Vision To be a sustainable gold mining company that enriches our shareholders, community and people To create a high-performance organisation that delivers superior shareholder value, positive ESG outcomes and an environment for our people to Purpos
Slide 4: Exploration targeting continued organic growth to deliver outperformance
Exploration targeting continued organic growth to deliver outperformance Since the discovery hole in November 2017, the Resource has grown at a compound annual growth rate of 63% Reserve conversion - further growth potential to grow the 1.34Moz Reserve Exploration potential - the current 3.1Mo
Slide 5: 10-year mine life with organic growth potential
10-year mine life with organic growth potential Multiple opportunities for organic growth: 1. Nameplate 1Mtpa - crushing circuit has been designed to process higher throughput rates than 1Mtpa 2. Resource conversion - another 40% of the Resource sits outside the current mine plan 3. Further explor
Slide 6: Project delivery, de-risking and growth on world class system
Project delivery, de-risking and growth on world class system Continued delivery of several major milestones for the development of the globally significant Project: Liquidity1 (A$m) Process plant construction well advanced with plant construction designed for future production growth above 1Mtpa $6
Slide 7: Project Delivery
cn BELLEVUE GOLD Project Delivery
Slide 8: Consistently delivering since July 2020
Consistently delivering since July 2020 Since development commenced in July 2020 and BGL has consistently delivered on time and is on-track to achieve first production in H2 CY23 Project execution is significantly de-risked to cost escalation with all major pre-production capital contracts commi
Slide 9: Camp complete and operational
Camp complete and operational The 343-room camp is now complete and operational Designed for worker comfort, health and safety with dependable phone reception, high speed internet, well-lit outdoor areas, large modern gym, sports court and other recreational facilities, rooms are 20% bigger than
Slide 10: Processing Plant construction progress 27/04/2023
Processing Plant construction progress 27/04/2023 14
Slide 11: Construction progress on track
Primary and secondary crusher installed Thickener installation May 2023 Construction progress on track Detailed earthworks and civil concrete works completed CIL tanks assembled to full height Primary and secondary crushers installed Mine and administration office complex completed
Slide 12: Mining development ahead of schedule
Mining development ahead of schedule Develop Global Ltd (ASX:DVP) mining fleet - ramp up to 3 Jumbos operating at full utilisation ~10km of underground development completed on site to date All underground equipment is new and has been maintained with full staffing levels Open pit minin
Slide 13: Derisking and Growth
cn BELLEVUE GOLD Derisking and Growth
Slide 14: Vrify 3D presentation – play here
Vrify 3D presentation – play here https://vrify.com/decks/13171
Slide 15: Mining - key pillars in place
Mining - key pillars in place 1 Steady Ramp up to Production 10 available headings – multiple jumbo productivity 2 Robust Ground Conditions Mesh & Bolts only 3 Installed Infrastructure Future proof with a focus on emissions reduction 4 Tier 1 Contractor Elite underground mining team
Slide 16: 3.1Moz high-grade lode system - Open for growth
3.1Moz high-grade lode system- Open for growth Bellevue Lode system is open down plunge and at depth with high potential for repeat structures in the footwall Current Resource Current Resource Bellevue Lode Mined 1986-1997 700k ounces @ +11g/t Current Resource Westralia and Vanguard- +600,000 metr
Slide 17: Funded for increased exploration
Funded for increased exploration Dedicated Resource step out and conversion Underground Diamond Rig mobilised to site Jan 2023; +50,000m Program Progress in underground development opening up new areas for drill testing along strike and at depth Bellevue Lode system remains OPEN along strike a
Slide 18: Grade control drilling - derisking delivery
Grade control drilling- derisking delivery Marceline Mining Area 1.8m @ 123.3 g/t gold 1.9m @ 85.1 g/t gold Tribune 3.1m @ 21.8 g/t gold Mining Area 2.2m @ 19.4 g/t gold Paris Portal 10m @ 15.4g/t gold 2.7m @ 13.5 g/t gold 2.4m @ 46.2g/t gold 4.0m @ 25.6 g/t gold 7.3m @ 26.9 g/t gold 5m @ 76.4g/t go
Slide 19: Multiple high-grade ore headings open at Armand
Multiple high-grade ore headings open at Armand Armand one of five work areas open in N 2023 each with multiple development faces 1251 400 1251 1000 1251 600 1251 800 1251 2000 1251 100 Face grade of 14.5g/t using a 50g/t topcut 1251 900 1251 120 1251 100 100m Grade Control drilling has identified t
Slide 20: Processing – Derisking and growth
Processing – Derisking and growth Reagents De-risked flow sheet and execution on track Simple layout and orientation - 1Mtpa nameplate Gold Room Simple metallurgy – 97% total recovery, including Thickeners CIL >60% gravity recovery Crushing Circuit Ball Mill Admin & Stores Simple flowsheet – t
Slide 21: Why own Bellevue Gold?
Why own Bellevue Gold? High grade organic growth potential versus a sector backdrop of declining grade, production and exploration discoveries Development companies typically re-rate from trading at a discount to P/NAV to cashflow EV/EBITDA trading multiples; Bellevue is currently trading at a sig
Slide 22: Investment highlights
Investment highlights World class potential Resource Growth Production Growth ESG Leader De-risking Forecast to be a Since the discovery 1mtpa plant Project is forecast 85% through top 20 Australian hole in November designed for to have the lowest development timeline gold producer 2017, the Resourc
Slide 23: Appendix
cn BELLEVUE GOLD Appendix
Slide 24: Mineral Resource and Ore Reserve Estimates
Mineral Resource and Ore Reserve Estimates INDEPENDENT JORC 2012 RESERVE ESTIMATES FOR THE BELLEVUE GOLD PROJECT (Current June 2022) Tonnes Grade Contained Ounces Ore Reserve (Mt) (g/t Au) (Moz) Probable High Grade Underground Ore Reserve 4.5 7.9 1.14 Probable Low Grade Underground Ore Reserve 2.2 2
Slide 25: Peer Comparison Information
Peer Comparison Information Enterprise FY25E Market Cap Net Debt FY25E EBITDA Source Document Value EV/EBITDA A$m A$m A$m A$m x FactSet Peers consensus Newcrest 26,138 2,551 28,689 3,504 8.19x Newcrest 1H FY23 report, released on 16 February 2023 Evolution 6,478 1,559 8,037 1,423 5.65x Evolution Mar
Slide 26: TSX KRR | OTCQX KRRGF
TSX KRR | OTCQX KRRGF January 24, 2023
Slide 27: Disclaimer
CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking information" including without limitation statements relating to the liquidity and capital resources of Karora, production guidance, full year consolidated 2022 production guidance and the potenti
Slide 28: Growing gold producer in a Tier 1 jurisdiction
► Growing gold producer in a Tier 1 jurisdiction ► Self-funded growth plan ► Growing nickel by-product production ► Proven, experienced management team ► World’s first carbon-neutral gold producer with a strong commitment to being an ESG leader amongst peers TSX KRR | OTCQX KRRGF