Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Non-Deal Roadshow (September 2022)
23 slides from Bellevue Gold's roadshow presentation, Sep 13, 2022
Slide 1: North American Roadshow Sep 2022
For personal use only North American Roadshow Sep 2022 Executing the strategy: Significant grade, scale and margin in a tier-1 jurisdiction 2 years of consistent project delivery De-risking on our pathway to first gold and cashflow in 2H 2023 September 2022 ASX:BGL 1 ASX300
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. For personal use only DISCLAIMER This Presentation has been prepared by the Company based on information from its own and th
Slide 3: Disclaimers & Compliance Statements cont.
Disclaimers & Compliance Statements cont. For personal use only JORC COMPLIANCE STATEMENTS 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 Reso
Slide 4: BGL Investor Video 2022
BGL Investor Video 2022 Play here For personal use only 4 https://bellevuegold.wistia.com/medias/489a38jtwu
Slide 5: Bellevue Gold Overview
Bellevue Gold Overview A globally significant high-grade, high margin, growth focused gold project in Australia For personal use only Project has significant grade, scale and margin in a tier one jurisdiction Significant and proven growth potential vs peer group Forecast +10yr mine life produc
Slide 6: De-risking towards production
De-risking towards production Project is fully funded to production with $317.5m in liquidity (as at 30 June 2022) For personal use only Project is now 62% complete from commencement of development phase (from portal to first production) which commenced in July 2020 Pre-production expenditure
Slide 7: 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 For personal use only To create a high-performance organisation that delivers superior shareholder value, positive ESG outcomes and an environment fo
Slide 8: Project designed for the lowest emissions / oz
Project designed for the lowest emissions / oz ▪ The company is leading the sector with its carbon mitigation strategy on its pathway to production For personal use only ▪ Once in production, Bellevue Gold will be leading our gold mining peers for emissions and climate considerations ▪ We are foreca
Slide 9: Board and management – a proven team of mine builders
Board and management – a proven team of mine builders For personal use only Mining Engineer Darren Stralow 20yrs experience Chief Executive Previous role of Chief Development Officer and GM of Operations Investment Banking Officer at Northern Star Resources (NST) 35yrs experience Led integra
Slide 10: Growing in a world class mining jurisdiction
Growing in a world class mining jurisdiction For personal use only Host to > 200Moz of gold endowment in a tier 1 location West Australia globally recognised tier 1 mining jurisdiction, ranked #1 on the Fraser Index 2021 for BELLEVUE GOLD PROJECT Mining Attractiveness 3.9Moz Endowment Agnew/Wiluna
Slide 11: Quality ore body with excellent grade and width
Quality ore body with excellent grade and width 3.1moz @ 9.9g/t gold Resource inventory remains open for growth For personal use only 500m Historic Mine- 10.0m @ 15.4g/t gold 800,000 ounces @ Long Section looking east through the Bellevue Lode System 5.0m @ 31.6g/t gold +11 g/t mined 2.8m @ 46.9g/t
Slide 12: Continued organic resource growth set to deliver further outperformance
Continued organic resource growth set to deliver further outperformance For personal use only Since the discovery hole in November 2017, the Resource has grown at a compound annual growth rate of 63% The Reserve has grown at a compound annual growth rate of 68% since February 2021 Reserve conv
Slide 13: 10-year mine life with organic growth potential
10-year mine life with organic growth potential Multiple opportunities for organic growth: For personal use only 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 pla
Slide 14: Mining - capitalising on our head start
Mining - capitalising on our head start Then Now Future For personal use only Portal – commenced August 2020 Stage 2 development commenced >5 independent production fronts available for LOM 5.5km of development completed Mining contractor Develop started 24 May 2022 Adequate headin
Slide 15: Southern production centre - early mine life mining fronts
Southern production centre- Early mine life 3 Mining fronts, conventional top-down longhole open stoping For personal use only • Accessed by twin Portals and dedicated declines, first three years feed from the Deacon Main, Bellevue South and Tribune Production orebodies • All sub-vertical production
Slide 16: Northern production centre - early mine life mining fronts
Northern production centre- Early mine life 3 Mining fronts, Conventional top-down longhole open stoping For personal use only • Separate mining centre accessed from the Paris Portal and Northern decline; to the Marceline, Armand and Deacon North orebodies • All sub-vertical production, conventional
Slide 17: Record development; first ore heading open
Record development; first ore heading open For personal use only Development intersects first ore First Ore First high-grade Armand lode intersected July 2022 The first of >5 independent mining areas to be accessed for commercial production Multiple production fronts will allow for maximum fle
Slide 18: Mining - key pillars in place
Mining - key pillars in place 1 Significant Headstart 2 Robust Ground Conditions For personal use only 10 available headings – increased jumbo productivity Mesh & Bolts only 3 Installed Infrastructure Future proof with a focus on emissions reduction 4 Tier 1 Contractor Elite underground mining team
Slide 19: Processing – Infrastructure allows for growth
Processing – Infrastructure allows for growth For personal use only Current Simple layout and orientation - 1Mtpa nameplate Simple metallurgy – 97% total recovery, including >60% gravity recovery Simple flowsheet – tried and tested Tier-1 contractor – GR Engineering Services Construction c
Slide 20: Camp construction now 75% complete
Camp construction now 75% complete The camp is now 75% complete with all 339 rooms landed and 120 rooms complete Two 14.9Kw solar arrays have been installed to power the borefield pumps; the pumps will be run at 100% solar power during For personal use only daylight hours 20
Slide 21: Consistently delivering since July 2020
Consistently delivering since July 2020 The company is continually delivering on time and on budget; this will drive a further re-rate as we move closer to cashflow For personal use only Project execution is significantly de-risked to cost escalation with 90% of the project capital committed; ti
Slide 22: Significant re-rate potential as a future high grade, high margin producer
Significant re-rate potential as a future high grade, high margin producer For personal use only • Gold companies that recently transitioned into production have experienced significant outperformance as the project is de-risked • BGL positioned as a high grade, high margin business with growth pote
Slide 23: Investment highlights
Investment highlights For personal use only World class potential Resource Growth Production Growth ESG Leader De-risking Forecast to be a Since the discovery Project mine life Project is forecast 62% through top 20 Australian hole in November has grown 25% to to have the lowest development timeline