Bellevue Gold Limited · ASX:BGL
Bellevue Gold — Diggers & Dealers 2026
27 slides from Bellevue Gold's conference presentation, Aug 5, 2026
Slide 1: Delivering, De-Risked & Unlocking Upside
For personal use only Delivering, De-Risked & Unlocking Upside Diggers & Dealers August 2026 Passion • Accountability • Care • Excellence
Slide 2: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements This presentation has been prepared by Bellevue Gold Limited (ABN 99 110 439 686) (Company or Bellevue) (ASX: BGL) and is authorised by the Managing Director & Chief Executive Officer of the Company. For personal use only Disclaimer Not an Offer This presentation
Slide 3: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements Forward - Looking Information Net Zero Greenhouse Gas Emissions (Scope 1 and Scope 2) Achieved This presentation contains forward-looking statements. Wherever possible, words such as 'intends', 'expects', at the Bellevue Gold Project 'scheduled', 'estimates', 'ant
Slide 4: Disclaimers & Compliance Statements
Disclaimers & Compliance Statements JORC Compliance Statements Investment Risk It is a requirement of the ASX Listing Rules that the reporting of Ore Reserves and Mineral Resources in Australia comply There are a number of risks specific to the Company and of a general nature which may affect the fu
Slide 5: Capital Structure and Board & Management
Capital Structure Board & Management Market Capitalisation 1 A$1,880M US$1,315M Board For personal use only Cash & Gold 2 A$206M US$144M Kevin Tomlinson Non-Executive Chairman Bank Debt 2 A$100M US$70M Darren Stralow Managing Director & CEO Shannon Coates Non-Executive Director Leigh Junk Non-Execut
Slide 6: Bellevue: A high-quality gold business built for growth
Bellevue: A high-quality gold business built for growth A long-life, high-grade gold producer in one of Australia's premier gold districts Long - life and established high - grade asset. 1.3Moz ORE; 3.1Moz MRE1 underpinning long reserve life and For personal use only Jundee Northern Star significant
Slide 7: FY27 Priorities: Delivering, De-Risked and Unlocking Upside
FY27 Priorities: Delivering, De-Risked and Unlocking Upside Bellevue has transitioned from building the operation to generating sustainable production, cash flow and long-term shareholder value. For personal use only Delivering De-Risking Growth & Returns Deliver Guidance Proven Performance Grow the
Slide 8: FY26 Built the Foundation, FY27 Growing Production
FY26. Built the Foundation FY27. Growing Production Established the long-term mining platform Five established mining areas drive production growth For personal use only FY27 Guidance 2 144koz produced AISC of A$2,827/oz Production: 150 - 170koz AISC of A$2,800 – 3,100/oz Growth Capex: A$113M Growth
Slide 9: Delivering: Established in Consistent Mining Areas
Delivering: Established in Consistent Mining Areas • Five established mining areas with mine designs extending to ~2035 provide exceptional operational visibility • Multiple active mining fronts reduce operational risk and support consistent delivery • Orebody remains open with drilling platforms es
Slide 10: Delivering: Successful Contractor Transition
Delivering: Successful Contractor Transition Mining Contractor changeover is complete and has gone to plan For personal use only ▪ Successful Contractor Changeover ▪ Mobilisation completed to plan ▪ Safety maintained throughout transition ▪ No disruption to production guidance ▪ Barminco: Strong lon
Slide 11: Delivering: Deacon North Established
Delivering: Deacon North Established New high grade mining area at Deacon North delivering development ore – on schedule Stoping to ramp up through FY27 – a key contributor to consistent higher grade ore feed with Deacon Main already established For personal use only Development on schedule with gra
Slide 12: Delivering: Processing
Delivering: Processing • Standard gravity-CIL plant FOB Crushing Circuit • 3 stage crushing, ball milling For personal use only • Maintaining ~95% recovery1 • ~70% gravity recovery Ball Mill • Utilising ~1.2Mtpa of 1.35Mtpa capacity Gravity Circuit • Upgrades to gravity circuit and increased oxygen
Slide 13: De-Risked Operations
De-Risked Operations FY26 operational performance exceeded plan ▪ Development metres ▪ Ore tonnes (development and stoping) For personal use only ▪ Haulage (TKMs) ▪ Plant recovery FY27 mining flexibility substantially improved 1 ▪ Multiple mining fronts ahead of schedule ▪ Decline development well a
Slide 14: De-Risked: Strong balance sheet with growing flexibility
De-Risked: Strong balance sheet with growing flexibility Strong cash position and continued hedge book pre-delivery to further de-risk the business For personal use only Cash and Gold Growing Hedge exposure reduced by >50% during FY26 As at 30 June 20261 the Group had the following Forward contracts
Slide 15: De-Risked: Growing balance sheet, shrinking liabilities
De-Risked: Growing balance sheet, shrinking liabilities Strong cash position and continued hedge book pre-delivery to further de-risk the business For personal use only Financial inflection point underway. Growing cash balance, significantly reduced hedge exposure $180 Target: Hedge free $160 152,00
Slide 16: Growth: Exploration has recommenced at Bellevue
Growth: Exploration has recommenced at Bellevue ~4Moz mined & defined to date with mineralisation open down plunge2. • Surface diamond drilling program ongoing Bellevue main lodes: Tribune, Bellevue & Deacon For personal use only • High-grade mineralisation intersected. Drilling is defining zone of
Slide 17: Exploration Upside: Bellevue Line of Lode
Exploration Upside: Bellevue Line of Lode • Bellevue Lode extends down plunge under lake • Southern Belle Decline & Viago Drill Drive will test Bellevue 'line of • Untested DHEM plates up plunge from Southern Belle Resource lode' extensions under Lake Miranda For personal use only Mine grid DHEM Fla
Slide 18: Exploration Upside: Deacon Line of Lode
Exploration Upside: Deacon Line of Lode • Deacon & Deacon North are highest grade mining areas at Bellevue • Deacon South defined by DHEM target and historical drilling from surface For personal use only Mine grid DHEM Flat Lodes Development Plates Interpreted position Existing+Planned Notes: 1. 3.1
Slide 19: Exploration Upside: Tribune Line of Lode
Exploration Upside: Tribune Line of Lode • Underground drilling recommenced at Tribune South • Southern Belle Decline will allow for staged exploration to explore • Sixth underground drilling rig arriving plunge continuation of mineralisation under Lake Miranda For personal use only 1.71m @ 7.80g/t
Slide 20: Unlocking Upside: Disciplined Growth
Unlocking Upside: With the operation established and financial Disciplined Growth flexibility increasing, Bellevue is now planning its next phase of growth. For personal use only 1. Optimise the current operation • Leverage established mining fronts and operating platform • Optimise operations to 'f
Slide 21: Sustainability: The world's first net zero gold mine
Sustainability: The Bellevue Gold Project is the world’s first net zero gold mine1 • Bellevue achieved net zero (Scope 1 and Scope 2) greenhouse gas emissions • The jewellery market comprises ~33% of the world’s gold demand 3 For personal use only for the Bellevue Gold Project for CY251 – an increas
Slide 22: Sustainability: Better for business
Sustainability: Better for business Attracting the next For personal use only generation workforce Energy security and Increased investor resilience appetite Building a more CO2 resilient business Lower greenhouse gas Lower fuel cost and emissions supply risk Green gold premium 22
Slide 23: Delivering, De-Risked, Unlocking upside
Delivering De-Risked Unlocking upside For personal use only • Consistent execution • Established operating platform • Growing free cash flow • Guidance delivered • Strong balance sheet • Disciplined growth • Reduced execution risk • Exploration upside 23
Slide 24: Appendices
For personal use only Appendices Mineral Resource & Ore Reserve Paste Plant Slide
Slide 25: Mineral Resource and Ore Reserve Estimates
Mineral Resource and Ore Reserve Estimates For personal use only Reserve Estimates For The Bellevue Gold Project Resource Estimates For The Bellevue Gold Project Tonnes Grade Contained Tonnes Grade Contained Mineral Resource Mineral Resource (Mt) (g/t Au) Ounces (Moz) (Mt) (g/t Au) Ounces (Moz) Prob
Slide 26: Paste plant feasibility study updated
Paste plant feasibility study updated Paste fill feasibility study update complete1 – Paste fill will increase long term value and de-risk operations at Bellevue For personal use only Paste to maximise ore extraction to recover an additional ~100koz that would otherwise be lost to pillars. Any exten
Slide 27: Investor Contact
For personal use only Investor Contact: Duncan Hughes Chief Corporate Development Officer T: +61 8 6373 9000 E: investors@bgl.gold