Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Diggers & Dealers 2023
26 slides from Bellevue Gold's conference presentation, Aug 9, 2023
Slide 1: Bellevue Gold Project demonstrating world class potential
Bellevue Gold Project demonstrating world class potential BGL’s ‘’Hottest 100’’ best drill intersections since the discovery hole in Nov 2017 High Grade Results Gram Metres High Grade Results Gram Metres High Grade Results Gram Metres High Grade Results Gram Metres 18.4m at 52.9g/t 973.36 6.4m at 27
Slide 2: Diggers & Dealers Presentation
For personal use only Diggers & Dealers Presentation High-grade Bellevue Gold Project in WA Building Australia’s next Major Gold Mine August 2023
Slide 3: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements This Presentation has been prepared by Bellevue Gold Limited (Company or Bellevue) (ASX:BGL) and is authorised by the Managing Director and Chief Executive Officer of Bellevue Gold Limited. DISCLAIMER This Presentation has been prepared by the Company based on inf
Slide 4: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements 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 Resources and Ore Reserves (JORC
Slide 5: Bellevue Gold FY24 Focus
Bellevue Gold FY24 Focus Unlocking a globally significant high-grade, high margin, growth focused, long life gold project in Australia On track to achieve first gold production in 4Q CY 2023 For personal use only Achieve First Gold Developing multiple high-grade independent production areas to i
Slide 6: 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 7: Project delivery, final stages of execution
Project delivery, final stages of execution 3On years offor track underground mining, commissioning construction in the Decembernearing quarter:completion significant Project: On track for first gold in Dec 2023 Qtr For personal use only Processing Process plant construction on track - final sta
Slide 8: Growth Story
For personal use only Growth Story • Exceptional grade in recent grade control infill drilling • Underground development creates platform for further exploration • Deposit remains open along strike, at depth and down plunge • Plant designed for increased throughput
Slide 9: Vrify 3D presentation
Vrify 3D presentation – play here For personal use only https://vrify.com/decks/13893?auth=25b34bea-fc39-45de-8a64-b41f0a10d620
Slide 10: Upper Armand production drilling and stoping
Upper Armand- currently production drilling and stoping Upper Armand Grade Control Armand Main 1.6m @ 142.5 g/t gold 2024FY High-grade Mining Area 7.3m @ 26.9 g/t gold 5.4m @ 14.0 g/t gold 3.7m @ 46.7 g/t gold 4.9m @ 59.7 g/t gold 1.5m @ 20.9g/t 4.9m @ 91.5 g/t gold 7.7m @ 26.3 g/t gold 3.7m @ 28.4g
Slide 11: New easterly dipping lode defined in grade control
New easterly dipping lode defined in grade control North Completed Development August 2023 New footwall Lode For personal use only Upper Armand- currently production drilling and stoping New easterly dipping zone 2.6m @ 37.3 g/t Grade control intersected 5.7m @ 36.3 g/t previously unknown ore shoo
Slide 12: High-grade ore reached at Bellevue South
High-grade Bellevue South ore reached at Bellevue South 2024FY High-grade Mining Area 1095 Level Development For personal use only For drilling results refer to ASX announcement dated 3 August 2023 Grade control completed - in development +ve reconciliation with the block 1.9m @ 99.2 g/t 6.3
Slide 13: Exploiting the competitive exploration advantage
Exploiting the competitive exploration advantage Conductive mineralisation drives more efficient discovery and target appraisal Several areas highlight the potential for future Resource growth with further drilling For personal use only Fracture Fill Sulphide Network outside of known Resource ar
Slide 14: 15km of development creates platform for exploration growth
15km of development creates platform for exploration growth Gentle southerly plunge to the south associated with fold hinge plunge and high-grade, high pyrrhotite ore Completely OPEN and untested to south except for historic 250m spaced drilling Every hole on the 250m spacing has significant g
Slide 15: Deep holes confirm 3.1Moz system is OPEN
Deep holes confirm 3.1Moz system is OPEN Bellevue Shear Repeated system open at depth 1.4Moz For personal use only Parallel structure at depth in deep EIS funded drilling 1.6m @ 9.3 g/t in new structure at depth Deacon Shear Flat Viago analogue targets at Lucien 1.4Moz Progress in undergroun
Slide 16: Future proof- Designed for growth >1.0Mtpa
Future proof- Designed for growth >1.0Mtpa Future additional Fine Ore Bin (FOB) CIL capacity For personal use only CIL Tanks Ball Mill Current mill capacity 1.0Mtpa Screen deck Gold Room Thickeners Oversized Crusher Circuit (1.7 Mtpa) Simple throughput increase to 1.2Mtpa – no further capital outl
Slide 17: First Gold in Dec 2023 Qtr
For personal use only First Gold in Dec 2023 Qtr
Slide 18: September 2022
For personal use only September 2022
Slide 19: July 2023
For personal use only July 2023
Slide 20: Remaining tasks to first gold
Remaining tasks to first gold Piping and electrical installation - Sept 2023 quarter Finalise Mill drive train alignment – Sept 2023 quarter For personal use only First fill reagents and grinding media – Sept 2023 quarter Commissioning team on site from first week of August 2023 Post-commissio
Slide 21: Bellevue South production area now in ore development
Bellevue South production area now in ore development Armand 1251 100 Armand 1241 400 Pre-production development reached at second work area, ore development now underway at Upper Armand, Bellevue South and Marceline For personal use only Bellevue South development in exceptional grade and outpe
Slide 22: Grade control drilling; high-grade lodes
Grade control drilling; high-grade lodes Deacon Paris Portal Mining Area Grade control commenced For personal use only Marceline Mining Area 1.8m @ 123.3 g/t gold 1.9m @ 85.1 g/t gold 3.1m @ 21.8 g/t gold 2.2m @ 19.4 g/t gold 2.7m @ 13.5 g/t gold 1.6m @ 19.4 g/t gold 4.0m @ 25.6 g/t gold Bellevue So
Slide 23: Why own Bellevue Gold?
Why own Bellevue Gold? High grade organic growth potential versus a sector backdrop of declining grade, production, exploration discoveries and free cashflow generation Development companies typically re-rate from trading at a discount to P/NAV to cashflow EV/EBITDA trading multiples; For personal
Slide 24: Appendix
For personal use only Appendix
Slide 25: 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 For personal use only Probable Low Grade Undergr
Slide 26: Peer Comparison Information
Peer Comparison Information Enterprise FY25E Market Cap Net Debt FY25E EBITDA Source Document Value EV/EBITDA For personal use only A$m A$m A$m A$m x FactSet Peers consensus Newcrest 23,554 2,629 26,184 3,708 7.06x Newcrest 1H FY23 report, released on 16 February 2023 Evolution JunQ FY23 report, rel