Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Investor Presentation (February 2020)
32 slides from Bellevue Gold's investor presentation, Feb 24, 2020
Slide 1: 2.2 Million oz @ 11.3 g/t gold
2.2 Million oz @ 11.3 g/t gold A RAPIDLY GROWING HIGH-GRADE GOLD DISCOVERY ASX 300 BELLEVUE GOLD PROJECT | WESTERN AUSTRALIA Fol l ow us @bel l ev uegol d 24 Feb ruary 2020 B M O Nort h American Conferences 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 Australia's Highest-Grade New Gold Discoveries
ONE OF AUSTRALIA’S HIGHEST-GRADE NEW GOLD DISCOVERIES BELLEVUE GOLD PROJECT – A MAJOR MULTI-MILLION OZ GOLD SYSTEM GROWING RAPIDLY +3,600 km2 WAS ONE OF AUSTRALIA’S 6.1 Mt @ 11.3 g/t for 2.2 Million oz gold1 strategic landholding RICHEST GOLD MINES Bellevue Gold Project JORC Inferred Resource Estima
Slide 4: A Rapidly Growing Multi-Million Oz High-Grade Gold Discovery
A RAPIDLY GROWING MULTI-MILLION OZ HIGH-GRADE GOLD DISCOVERY MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS 2.5 Gold Resource 25,000 2.2 Moz @ 11.3 g/t All Drilling (24/2/20) Undertaken at 2.2 Bellevue Gold 2 Moz 20,000 Project JORC Resources Moz Au 1.8 1980-1996 Moz Drill Meters per Quarter •
Slide 5: Corporate Summary
CORPORATE SUMMARY ASX:BGL BUILDING STRONG FOUNDATIONS Current Share Price A$0.59 ASX Code BGL Market Capitalisation A$336 M ASX 300 September 2019 Shares on issue 570M Cash1 ~A$20.7 M Management & consultant options - performance rights unlisted 72M (prices from $0.035 - $0.60) Top 20 Shareholders2
Slide 6: Board of Directors
BOARD OF DIRECTORS A TRACK RECORD OF CORPORATE SUCCESS Non-Executive Chairman Mr. Kevin Thomlinson Kevin has over 30 years experience in Mining & Finance with Toronto, Australian London stock markets. He was previously MD of Investment Banking at Westwind Partners/Stifel Nicolaus. He has extensive e
Slide 7: Executive Management Team
EXECUTIVE MANAGEMENT TEAM BUILDING A TEAM WITH A TRACK RECORD OF DISCOVERY THROUGH TO MULTI-MINE PRODUCTION GM People and Company Culture Chief Operating Officer Head of Corporate Development Chief Geologist Ms Daina Del Borrello Mr. Craig Jones Mr. Luke Gleeson Mr. Sam Brooks Daina is an experience
Slide 8: 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 gold deposits & producing gold mines within proximity to Bellevue’s Projects: • Agnew / L
Slide 9: Bellevue's Excellent Location
BELLEVUE’S EXCELLENT LOCATION MAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION Onsite at Bellevue mining license Excellent infrastructure: • Grid power. • Services at Leinster, Leonora & Wiluna towns. • Daily Flights - Perth to Leinster (only 40km south). • Sealed roads. • Water. • +3,600km2 landho
Slide 10: Bellevue Gold Project 2020
BELLEVUE GOLD PROJECT 2020 GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2020 8 x Diamond Drill Core Rigs currently drilling onsite 40 person camp Drill core shed +140,000 metres of diamond drill core laydown area field vehicles ASX: DRG ASX: BGL|| 10 10
Slide 11: Bellevue High-Grade Gold Lode System
BELLEVUE HIGH-GRADE GOLD LODE SYSTEM MULTIPLE LODES WITH CONSISTANT HIGH-GRADE GOLD MINERALISATION • Tribune Lode: consistent high-grade diamond core drill results include: 5.0 m @ 22.9 g/t gold1 7.0 m @ 27.4 g/t gold2 12.0 m @ 12.0 g/t gold3 10.1m @ 29.0 g/t gold4 Tribune Lode is located 300 metres
Slide 12: Bellevue Gold Summary Video
BELLEVUE GOLD SUMMARY VIDEO PLEASE CLICK ON THE VIDEO LINK https://drive.google.com/file/d/17m-cKqQxzVxefOZHVHG- 2Hff3ISaUTAb/view?usp=sharing ASX: BGL | 12
Slide 13: Multiple High-Grade Gold Lodes
MULTIPLE HIGH-GRADE GOLD LODES JUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING • 4 km mineralised corridor so far defined within a 20km untested trend. • Mineralisation is open. • Limited drilling, 20 years of no gold exploration. • Multiple high-grade gold lod
Slide 14: Multi-Million Ounce High-Grade Gold System
MULTI-MILLION OUNCE HIGH-GRADE GOLD SYSTEM GROWING RAPIDLY ALONG STRIKE & AT DEPTH 0.8 Million oz @ 15 g/t gold mined from 1986 to 1997 & 2.2 Million oz @ 11.3 g/t gold current Inferred resources1 • A world class multi-million oz Archean lode gold system. Multiple new discovery targets including: •
Slide 15: Multiple High-Grade Lodes from Surface
MULTIPLE HIGH-GRADE LODES FROM SURFACE STEP-OUT EXTENSION DRILLING CONTINUES TO DISCOVER NEW LODES NORTH, SOUTH, WEST, EAST AND AT DEPTH • Archean Lode gold system with multiple high-grade lodes. East • Early quartz veins with subsequent deformation and sulphide + gold mineralisation. • Abundant vis
Slide 16: Deacon & Mavis High-Grade Discovery
DEACON & MAVIS HIGH-GRADE DISCOVERY ANOTHER LODE DISCOVERED RECENTLY BENEATH THE HISTORIC BELLEVUE MINE OUTSIDE OF THE CURRENT RESOURCE Cross section looking north showing ALL drilling • New major high-grade gold discovery with Bellevue-style quartz-sulphide-gold mineralisation. • Drill results incl
Slide 17: Bellevue Continues to Grow
BELLEVUE CONTINUES TO GROW MAIDEN RESOURCE FOR DEACON LODE MOVES INVENTORY TO 2.2 MOZ @ 11.3 g/T Gold Oblique view looking North-west showing the current Inferred 2.2 Moz resource block models. The new Deacon Resource is shown in blue with the existing resource domains shown in yellow (MGA 94 Zone 5
Slide 18: A Significant High-Grade Lode System
A SIGNIFICANT HIGH-GRADE LODE SYSTEM MULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HAPPENING 2 Km of a 4 Km High-Grade Gold Lode System & Open South Deacon & Mavis - New significant gold Drill testing extensions of current resources Large scale untested discovery in first drilling below Bellevue M
Slide 19: Utilising Existing Infrastructure
UTILISING EXISTING INFRASTRUCTURE 2.2 Million OZ @ 11.3 G/T GOLD FROM SURFACE ADJACENT EXISTING UNDERGROUND MINE DEVELOPMENT • Over 28,000 metres of existing underground mine development. • De-watering has commenced. • Future drilling from underground will be low cost access and cost effect for: • D
Slide 20: 28,000 Metres of Underground Development & Workings
28,000 METRES OF UNDERGROUND DEVELOPMENT & WORKINGS DEWATERING OF HISTORIC UNDERGROUND WORKINGS UNDERWAY • Evaporation canons being utilised • Water is being pumped from the underground shaft to the multiple open pits within proximity to mine shaft. Water level is currently down 100 metres below sur
Slide 21: Excellent Gold Recoveries
EXCELLENT GOLD RECOVERIES MINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND MINE • Lode quartz veins with sulphides (pyrrhotite) + visible gold DRDD069: mineralisation. 445.0 g/t gold over 0.5 m Fine grained gold evenly distributed though zone (no nuggets) • Excellent metallurgical test resu
Slide 22: Multiple Bellevue Near-Mine & Regional Targets
MULTIPLE BELLEVUE NEAR-MINE & REGIONAL TARGETS A HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS BELLEVUE NEAR MINE TARGETS INCLUDE: Kathleen Valley Government Well & Palmyra 2m @ 19.7 g/t gold from 32m • Viago Lode step-out. 2m @ 22.8 g/t gold from 8m • Tribune Lode step-out. Bellevue Northern
Slide 23: Multiple Targets Will Grow the High-Grade Lode System
MULTIPLE TARGETS WILL GROW THE HIGH-GRADE LODE SYSTEM CONTINUED RESOURCE GROWTH & INFILL DRILLING 2020 North South • All known Lodes remain open. “Quality projects become South • Drilling with 8 x diamond core rigs underway. better & better the more they are drilled” • More drill-ready targets than
Slide 24: Unlocking the Potential at Bellevue
UNLOCKING THE POTENTIAL AT BELLEVUE 2020 DISCOVERY DRILLING, RESOURCE DEFINITION, DEWATERING & ECONOMIC STUDIES Qtr 1 & 2 Qtr 2 4 x drill rigs Resource updates Deacon & Mavis new high-grade discoveries Dewatering ready for ready for underground step-out & infill maiden resource category resource dri
Slide 25: 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 Historicall
Slide 26: Bellevue High-Grade Gold
BELLEVUE HIGH-GRADE GOLD RAPIDLY GROWING A GLOBALLY SIGNIFICANT HIGH-GRADE GOLD SYSTEM ONE OF AUSTRALIA’S HIGHEST-GRADE GOLD MINES PRODUCING 0.8 Million OZ @ 15 g/t GOLD FROM 1986 – 1997 BELLEVUE GOLD LTD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & CONSISTANT RESOURCE GROWTH 11.3 2.
Slide 27: Appendices follow
Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold to a cultural event on Country with senior Wati & senior elders of Tjiwarl Appendices follow For and on Behalf of the Board - Steve Parsons – Managing Director – Bellevue Gold Limited Suite 3, Level 3, 24 Outram Street West
Slide 28: Resource Estimate Bellevue Gold Project
Resource Estimate Bellevue Gold Project Independent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 24 February 2020): 3.5 g/t gold lower cut-off, totals rounded to reflect acceptable precision JORC 2012 Inferred resource estimate at selected lower cut-off grades at the Bellevue Gold
Slide 29: 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 Argonaut Securities Matthew Keane | James Wilson mkeane@argonaut.com Sprott Capital Partners Brock Salier
Slide 30: Historic Bellevue Gold Mine
HISTORIC BELLEVUE GOLD MINE A MAJOR HISTORICAL GOLD PRODUCER IN AUSTRALIA Historic Mine Shaft BELLEVUE GOLD LTD IS THE Bellevue Gold Mine historically FIRST COMPANY TO produced about 0.8 Moz @ 15 g/t gold. EXPLORE BELLEVUE SYSTEMATICALLY FOR GOLD USING MODERN A century of high-grade gold, Bellevue w
Slide 31: Historic High Grade Bellevue Gold Mine
HISTORIC HIGH GRADE BELLEVUE GOLD MINE SIGNIFICANT GOLD PRODUCTION FROM 1986 TO 1997 WHEN IT CLOSED • Historically produced ~100,000oz pa gold LOM. • 260 kt pa processing plant (onsite). • Mine head grade ~ 15g/t gold. UNDERGROUND MINING OPERATIONS • Excellent metallurgical recoveries of 97.5%. AND
Slide 32: Competent Persons' Statement
COMPETENT PERSONS’ STATEMENT The information in this presentation that relates to mineral resources at presentation and consents to the inclusion in this announcement of all Viago/Viago North, Tribune/Tribune North and Southern Belle is based on, and technical statements based on his information in
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