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Bellevue Gold in trading halt to respond to takeover speculation

The company’s flagship asset is its 1.53-million-ounce Bellevue Gold Project in Western Australia.
women walking past ASX sign
The project’s resource is very high-grade at 11.8 g/t gold

Bellevue Gold Ltd (ASX:BGL) has been granted a trading halt pending a response to media speculation regarding a potential acquisition.

Shares in the company will remain halted until the earlier of either the release of the response, or, the commencement of trade tomorrow.

READ: Bellevue Gold identifies new high-grade gold targets at namesake WA project

Bellevue is drilling at its flagship Bellevue Gold Project with the goal of upgrading the JORC Inferred resource of 1.53 million ounces grading 11.8 g/t gold.

Shares have more than doubled over the past 12 months, last trading at 51 cents before being halted.

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