Company
Bellevue Gold Ltd
ASX: BGL
Bellevue Gold Ltd (ASX:BGL) is advancing the historical Bellevue Gold Mine in Western Australia, a site that was once one of Australia’s highest-grade gold mines, producing 800,000 ounces at 15 g/t gold from 1986 to 1997. The company has a resource of 3 million ounces at 9.9 g/t gold, including an indicated resource of 1.4 million ounces at 11 g/t, making it one of the highest-grade undeveloped gold discoveries in the world. Bellevue hopes to join Australia's fleet of gold producers in 2022.
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Bellevue Gold completes 69% construction of namesake gold project in WA
The company said gold production remains on track to begin in the second half of 2023.
Bellevue Gold ahead of schedule on construction at namesake project as gold stockpile grows
"We are reaping the benefits of the decisions we made some time ago to order critical long-lead items early,” MD Steve Parsons said. “This has helped us avoid supply chain disruptions and advance the de-risking process."
Bellevue Gold dons the hard hats for gold processing plant
The company's namesake gold play is on-time and on budget, with the first gold pour in the calendar for the second half of 2023.
Bellevue Gold completes mine camp construction
The company remains on track to become Australia’s first ASX-listed net-zero gold miner at its namesake project in WA, where production is slated to begin in the second half of 2023.
Bellevue Gold on track to become first net-zero gold miner on the ASX
The off-grid hybrid power station agreement with EDL will see Bellevue become the first ASX-lister to produce carbon-neutral 'green gold’, which is great for the environment and places BGL at a competitive advantage internationally.
Bellevue Gold inks native title agreement with Tjiwarl Aboriginal Corporation
The agreement ensures that important cultural and heritage considerations have been included in the Bellevue Gold Project’s surface design and layout.
Bellevue Gold taps RUC Mining for raisebore contract as development continues at record rates
“Having the best possible team on site helps ensure we will continue to execute our development plan, which remains on time and on budget with 90% of our pre-production contracts locked in," MD Steve Parsons said.
Bellevue Gold taps Rio leader for general manager job
“Kate has a track record of being extremely successful in leadership roles and demonstrating an engaging and consultative approach,” said Bellevue CEO Darren Stralow.
Bellevue Gold hits first ore following record underground development rates
The company's development strategy is designed to deliver a diversified, low-risk operation with maximum flexibility and scalability.
Bellevue Gold awards process plant EPC contract to GR Engineering
“GRES knows the Bellevue project well and they are extremely experienced in designing and building gold plants in WA. Their readiness to accept Bellevue shares as part-payment is a strong vote of confidence in our project and the outlook fo
Bellevue Gold boosts reserves 29% and locks in costs to cement golden future
“By locking in 90% of our pre-production costs and underpinning our 10-year mine life with 1.34 million ounces in reserves, we have significantly de-risked the project and put us on a path to realising the immense value of this exceptional
Bellevue Gold's mining contractor Develop starts work at Bellevue Gold Mine
Develop was awarded the ~A$400 million contract following a six-month competitive tender process, which included rigorous analysis by an independent third party at each stage.
Bellevue Gold moves toward production with processing plant preliminary EPC agreement
GR Engineering Services will now begin design engineering services and locking in long lead and critical path items including the ball mill, crushing equipment, screens, agitators, leach and tailings thickeners.
Bellevue Gold maintains BUY rating from Canaccord Genuity following resource expansion
“We continue to be high conviction on BGL, with the stock trading on a price to net asset value ratio of 0.64x and a number of catalysts that validate and de-risk the project expected in the short term. SPECULATIVE BUY recommendation mainta
Bellevue Gold grows indicated resources to 1.7 million ounces at 11.2 g/t gold
“We are adding indicated ounces at a cost of less than A$25 per ounce at one of Australia’s highest-grade undeveloped gold mines. This increased indicated resource is expected to lead to increased reserves and a longer mine life compared wi
Bellevue appoints experienced mining contractor with ESG focus for WA gold mine
On Bellevue’s ESG goals, the MD said: “We have a clear strategy to be Australia’s first carbon-neutral gold producer and as the mining contractor, Develop will play a key role in helping ensure we meet this ambitious target.”
Bellevue Gold prepares for reserve update following latest high-grade infill drilling results
More strong drilling results, combined with the expected favourable outcomes of project optimisation studies, will underpin a June quarter update on the 1-million-ounce reserve.
Bellevue Gold appoints former Northern Star finance executive as chief financial officer
Bellevue's MD says that incoming CFO Guy Moore's "thorough knowledge of the ASX-listed gold sector will also be particularly relevant as we move towards production and cashflow and his understanding of bullion products will enable him to pl
Bellevue Gold expects reserve growth following latest strong drilling results
High-grade intersections from infill drilling and beyond the resource have given the company a boost as it targets a flurry of mine development activities over the next month.
Bellevue Gold continues to advance dual-track strategy for namesake gold play
Over the December quarter, the gold explorer and project developer hit several key milestones, including establishing a $200 million loan facility with Macquarie Bank Ltd, ensuring Bellevue is fully funded to production.
Bellevue Gold on hunt for new chief financial officer as Michael Naylor transitions to non-executive director
“Mike has done an outstanding job, culminating in completion of the highly successful funding process for our Bellevue project. I am delighted that we will continue to benefit from his skills, experience and in-depth knowledge of our projec
Bellevue Gold's namesake project fully funded following A$200 million credit line from Macquarie Bank
The injection of funds also means the company has sufficient money in the bank to maintain an aggressive multi-pronged exploration program, which will be conducted in parallel with the development of its historic high-grade mine in WA.
Bellevue Gold strengthens project development capabilities with two leading resources executives appointed
Darren Stralow has been appointed chief executive officer and Bill Stirling as general manager. They "bring a wealth of experience in the key areas of project development and operations, commercial management and contractual negotiations,”
Bellevue Gold A$25 million share purchase plan to close this Friday
The SPP follows an institutional share placement that raised A$106 million with the company now fully funded to development.
Bellevue Gold ends “transformational” quarter flush with cash and on track to be top 20 Australian gold mine
"This was a pivotal quarter which locked in Bellevue’s future as a substantial low-cost, high margin Australian gold producer. We are also forecast to generate the lowest carbon emissions per ounce of any major Australian gold miner," says
Bellevue Gold’s strong Tribune infill results de-risk Bellevue project: Canaccord Genuity
“We continue to see BGL as one of the most exciting near-term development (or takeover) opportunities in the Australian gold space. SPEC BUY maintained, price target A$1.40.” - Canaccord Genuity.
Bellevue Gold verifies namesake gold project’s resource with grade control drilling
“By demonstrating the accuracy of the resource with such close-spaced drilling, we continue to de-risk the project,” says MD.
Bellevue Gold’s strong drill results point to improving project economics: Canaccord Genuity
Canaccord sees Bellevue as one of the most exciting near-term development (or takeover) opportunities in the Australian gold space.
Bellevue Gold new high-grade results point to more resources, extended mine life and enhanced production rate
Optimisation work is underway to upgrade more of the remaining 1.4 million ounces which sit outside of the current mine plan and add to the Stage 2 Feasibility Study resource of 1.56 million ounces.
Bellevue Gold fully funded to development following $106 million placement
The placement proceeds, together with the gold explorer’s $200 million debt facility, will support the Bellevue Gold Project — forecast to rank among the world’s leading gold assets — as it works towards production in June 2023.
Bellevue Gold's Stage Two Feasibility Study shows WA project to rank among world’s leading gold projects
The project is now funded to production with a A$200 million loan secured, an underwritten A$106 million equity raising underway and a A$25 million share purchase plan.
Bellevue Gold delivers "pivotal" quarter, grows global resource by 25%
The company is considering the option of expanding the planned 750,000 tonnes per annum processing plant to 1 million tonnes per annum.
Bellevue Gold's latest high-grade results point to further growth beyond stage-2 feasibility study
The company continues to invest significantly in future reserve growth ahead of production as a central pillar of the exploration strategy.
Bellevue Gold weighs up "overwhelming" response to debt funding call for high-grade gold project
The belle of the WA Goldfields has garnered strong attention, with 12 indicative debt financing proposals already received.
Bellevue Gold, Perseus Mining and Red River Resources among Canaccord’s top picks
Canaccord Genuity continues to see Bellevue as an exciting development proposition while it believes Red River is near an FCF (free cash flow) inflection point.
Bellevue Gold keeps ticking boxes as it lifts gold resources, de-risks project and prepares expanded feasibility study
While project funding discussions continue to progress rapidly with 12 indicative proposals received from lenders, the new resource is set to underpin the upgraded stage-2 study anticipated for release this quarter.
Bellevue Gold lifts gold resource to 3 million ounces at 9.9 g/t, set for expanded feasibility study
The total resource has increased by 25% since Bellevue’s Stage 1 Feasibility Study in February 2021, while the indicated resource has grown by 34% in the same period.
Bellevue Gold target price lifted by Macquarie Research on improved production potential
Macquarie views the decision to push back the drill cut-off date as prudent given the flow of strong drill intersections since the last cut-off date (November 2020) with 7 rigs currently operating at site.
Bellevue Gold’s strong results support proposed production capacity boost at namesake gold project
The latest assays from Bellevue Gold Project support a proposal to upscale the asset’s production capacity and could meaningfully impact the broader gold resource.
Bellevue Gold builds momentum at flagship project: Canaccord Genuity
The report indicated a resource/reserve update is expected to be released ahead of, or in parallel with the Stage Two Feasibility Study (expected in the September quarter of 2021) for the company’s Bellevue Gold Project.
Bellevue Gold enhances legal and corporate skillset as it closes in on gold production
The company believes that the extensive experience of Amber Stanton in law, corporate governance and mining industry M&A, will be vital in achieving its goal of becoming a significant WA gold producer.
Bellevue Gold demonstrates continuity of high-grade orebody with successful grade control drilling
Commencement of grade control drilling is a key de-risking step within the company’s strategy of development and further resource growth at the Bellevue Gold Project.
Bellevue Gold de-risking flagship project through discovery, according to Macquarie Research
The delivery of the Stage Two feasibility study is expected to be a key near-term catalyst for the Bellevue Project.
Bellevue Gold target price raised by Canaccord Genuity following resource upgrade
Canaccord has maintained its SPEC BUY recommendation for Bellevue and has raised the target price to A$1.25 from A$1.15 (current share price A$0.98)
Bellevue Gold has busy quarter as it closes in on becoming high-grade, long-life gold producer
A stage one feasibility study followed by a global resource increase to 2.7 million ounces at 9.9 g/t, pave the way for potential production growth and enhanced project economics as part of a stage two feasibility study.
Bellevue Gold boosts gold inventory with maiden resource of 310,000 ounces at 9.7 g/t at Marceline discovery
This brings the global resource at Bellevue Gold Project to 2.7 million ounces at 9.9 g/t and points to a potential increase in production and project economics.
Bellevue Gold’s strong Marceline discovery gold results to underpin stage two feasibility study for Bellevue Project
The results are considered particularly important as they pave the way, with ongoing drilling, for inclusion in a maiden mineral resource, which is expected to be included in the stage two feasibility study on track for completion next quar
Bellevue Gold takes another step towards production with highly-experienced project manager appointed
The company expects Rod Jacobs will drive optimisation of the recent feasibility study and construction of required infrastructure to bring the high-grade Bellevue Gold Project to production.
Bellevue Gold directors demonstrate confidence in gold strategy with on-market share purchases
A stage two study, incorporating the impact of the latest discoveries and additional mineralisation on production, profitability and mine life is on track for completion in June.
Bellevue Gold set to generate strong profits, robust free cashflows with namesake project expected to be ranked among Australia’s top 25 gold mines
Based on the study, the company is set to generate annual pre-tax free cash flow of A$190 million over seven years of commercial production with a life-of-mine revenue of A$2.5 billion.
Bellevue Gold targets feasibility study release for namesake project this quarter
There was an increase in the indicated resource to 1 million ounces while more high-grade mineralisation was discovered outside the resource.
Bellevue Gold appoints Maddison Cramer as joint company secretary
While infill drilling remains ongoing, the focus for Bellevue’s exploration team will shift back to growing the total resource base.
Bellevue Gold price target raised by Canaccord Genuity as focus shifts to resource growth
While infill drilling will be ongoing, the focus for Bellevue’s exploration team will now shift back to growing the total resource base.
Bellevue Gold lifts indicated resource by 20% to 1.04 million ounces at 11.4 g/t gold
Recent infill drilling at Deacon and Bellevue North lodes has increased the indicated resource and an aggressive drill program will continue with the current update cut-off to underpin economic studies scheduled for the March quarter of 202
Bellevue Gold focused on sustainably advancing development of namesake project
As the company advances from exploration to development and operations at the historical Bellevue Gold Project it will continue to review and embedded its environmental, social and governance (ESG) considerations in all activities.
Bellevue Gold confirms new high-grade shoot at flagship gold project with hits of up to 58 g/t
The company has discovered a new high-grade lode which has been defined as a previously undiscovered extension of the historic Bellevue lode in Western Australia.
Bellevue Gold hits of up to 163 g/t gold at namesake project pave way for indicated resource upgrade
The high-grade results point to extensions of the Deacon, Deacon North and Bellevue Lodes, with the company planning an indicated resource upgrade this quarter.
Bellevue Gold remains focused on enhancing and growing namesake gold project in WA
Bellevue intends to grow the resource through step out drilling and has started exploration within the 20 kilometre Bellevue mine corridor.
Bellevue Gold appoints mining contractor for early-stage development work at namesake project
Stage 1 includes construction of a new portal to enable large-scale mining equipment to access the historical underground workings.
Bellevue Gold directors show confidence in gold strategy through SPP participation
Three directors were allotted $30,000 worth of fully paid ordinary shares under the $35 million SPP, which followed last month’s $100 million fully underwritten share placement.
Bellevue Gold's SPP attracts strong interest with size increased 75% for $35 million in funds
In response to the strong demand from shareholders, the company increased the size of the SPP by $15 million above its original target of $20 million.
Bellevue Gold $20 million share purchase plan set to close this Friday
Proceeds of the placement and the SPP will be used to grow resources and accelerate development of the Bellevue Gold Project in WA.
Bellevue Gold fields strong support for $100 million placement, reflecting quality of project
Proceeds of the placement will be used to grow resources and accelerate development of the Bellevue Gold Project in Western Australia.
Bellevue Gold launches $120 million equity raising to accelerate development of namesake project
The equity raising will see the company fully funded for an aggressive exploration campaign at its Bellevue Gold Project in WA.
Bellevue Gold notches up maiden indicated gold resource of 860,000 ounces at 11.6 g/t
The Bellevue Gold Project indicated resource includes a high-grade core of 480,000 ounces at 15.5 g/t.
Bellevue Gold is the most attractive gold development story in Canaccord's coverage universe
A 10,000 metres regional discovery drilling program is underway along the 20-kilometre Bellevue mineralised corridor.
Bellevue Gold hits new record high after tests return high recoveries, support underground re-entry
High recoveries, combined with an upcoming maiden indicated resource, further underpin economic studies and pave the way for the start of development.
Bellevue Gold remains Macquarie’s preferred exploration and development story in the ASX gold sector
Results from Bellevue Gold Project continue to impress and opportunities to fast-track the project towards development are becoming more apparent.
Bellevue Gold up after hitting high-grade gold in first regional hole at Bellevue project
The Government Well prospect is the first target to be tested by the company within the 20 kilometres of underexplored ground on the Bellevue Trend.
Bellevue Gold’s maiden indicated resource expectations grow: Canaccord Genuity
Latest Deacon infill drilling results will be included in the maiden indicated resource planned for mid-year.
Bellevue Gold results of up to 1,169 g/t likely to boost mid-year gold resource upgrade
The latest infill drilling results demonstrate that the Deacon Lode is an emerging repeat of the rich adjacent Bellevue deposit.
Bellevue Gold strengthens board by appointing two experienced resources directors
The new non-executive independent directors bring extensive legal, commercial, and financial skills to the company as it transitions to project developer.
Bellevue Gold is the most attractive and well-funded gold development story for Canaccord Genuity
Bellevue remains on track to release a maiden indicated resource on the Tribune, Viago and Bellevue lodes in the month of June, which is an important catalyst for the company.
Bellevue Gold to outline development of high-grade namesake project at virtual conference tomorrow
Managing director Steve Parsons will present at the NWR Communications Virtual Small Cap Resources Conference on Thursday.
Bellevue Gold outlines “outstanding quarter” for namesake project with significant scope for growth
Gold resources up 23% to 2.2 million ounces; Maiden indicated resource set for June; Studies point to multiple high-grade starter pits; World’s largest resources fund emerges with 10% stake.
Bellevue Gold gains BlackRock Group as a new substantial holder
The company is developing its 2.2 million ounce Bellevue Gold Project in Western Australia.
Bellevue Gold maintains outperform recommendation from Macquarie Research
Last week, managing director Steve Parsons exercised 20 million unlisted options to acquire Bellevue shares worth about $8.4 million based on current share price.
Bellevue Gold receives firm commitments to raise $26.5 million from share placement
Proceeds from the placement will be used to fund drilling and economic studies for the Bellevue Gold Project.
Bellevue Gold in trading halt ahead of capital raising
A total of 94,000 metres of infill drilling has been completed at the Bellevue Gold Project and an upgraded resource is expected to be released in the coming quarter.
Bellevue Gold infill drilling paves way for maiden indicated resource in coming quarter
The company is commencing mining studies with a maiden indicated resource due next quarter, pending the assay results from infill drilling.
Bellevue Gold retains speculative buy rating from Canaccord Genuity after resource upgrade
Canaccord highlighted Bellevue in its recent Top Stock Picks note as the most exciting exploration/development story in the Australian gold space, a view it continues to hold.