Bellevue's toll treating campaigns delivers first gold
PERTH (miningweekly.com) – Junior gold company Bellevue Gold has reported its first gold bar from the first toll treating campaign at its namesake project in Western Australia.
The ore was toll treated at fellow-listed Genesis Minerals’ Gwalia gold mine, and additional toll treating campaigns are scheduled for September and October.
In the meantime, stoping at the Bellevue gold project has now started, and the processing and commissioning team have arrived on site to facilitate the completion and startup of the Bellevue processing plant.
“The project ramp-up is proceeding to plan as we continue to meet key project milestones such as first stoping and the start of commissioning. We are also pleased to have the ongoing support from our bankers Macquarie, which reflects the strength of the project,” Bellevue MD and CEO Darren Stralow said.
The gold junior has obtained an additional A$25-million debt facility limit from Macquarie, which is separate to the existing A$200-milion project loan facility, and will provide a source of contingent funds and further balance sheet flexibility.
“While we don’t currently intend to draw down the facility, it provides us with a further liquidity buffer and balance sheet flexibility,” said Stralow.
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