Name of the Project
Bellevue gold project.

Location
Western Australia.

Project Owner/s
Bellevue Gold.

Project Description
A Stage 1 feasibility has found the project to be ranked among Australia’s Top-25 gold mines, based on yearly production.

The project has a maiden probable ore reserve of 2.7-million tonnes at 8 g/t gold for 690 000 oz.

Life-of-mine (LoM) mineral resources and reserves are estimated at 5.6-million tonnes grading 6.4 g/t gold for 1.1-million ounces of gold.

The feasibility study proposes an operation with average production of 160 000 oz/y in years 1 to 5 and an LoM average of 151 000 oz/y.

Bellevue is expected to have an initial LoM of 7.4 years.

The on-site conventional gravity and carbon-in-leach processing facility has a capacity of 750 000 t/y.

The project is designed to be easily expanded to accommodate future exploration success.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount rate, of A$900-million and internal rate of return of 58%, with a payback of 1.4 years.

Capital Expenditure
The project has a preproduction capital requirement of A$255-million, excluding a A$14-million contingency.

Planned Start/End Date
Not stated.

Latest Developments
A feasibility study upgrade is scheduled for the June quarter of 2021 and is designed to identify immediate growth opportunities incorporating latest discoveries and additional mineralisation.

Underground development and early site works are progressing rapidly, with more than 1 000 m of development completed to date. Early works are planned to accelerate development, with village construction scheduled to start in mid-2021.

Key Contracts, Suppliers and Consultants
Entech (feasibility study).

Contact Details for Project Information
Bellevue Gold, tel +61 8 6373 9000 or email admin@bellevuegold.com.au.