1 . 5 3 M i l l i o n o z @ 1 1 . 8 0 g / t g o l dA R A P I D L Y G R O W I N G H I G H - G R A D E G O L D D I S C O V E R YBELLEVUE GOLD PROJECT | WESTERN AUSTRALIA
WWW.BELLEVUEGOLD.COM.AU | ASX: BGL
Fol low us @bel levuegold
May 2019 - Sydney Resource Roundup Conference
DISCLAIMERThis presentation has been prepared by Bellevue Gold Limited (the Company) based oninformation from its own and third party sources and is not a disclosure document. No partyother than the Company has authorised or caused the issue, lodgement, submission,despatch or provision of this presentation, or takes any responsibility for, or makes or purportsto make any statements, representations or undertakings in this presentation. Except for anyliability that cannot be excluded by law, the Company and its related bodies corporate,directors, employees, servants, advisers and agents (Affiliates) disclaim and accept noresponsibility or liability for any expenses, losses, damages or costs incurred by you relating inany way to this presentation including, without limitation, the information contained in orprovided in connection with it, any errors or omissions from it however caused, lack ofaccuracy, completeness, currency or reliability or you or any other person placing anyreliance on this presentation, its accuracy, completeness, currency or reliability. Thispresentation is not a prospectus, disclosure document or other offering document underAustralian law or under any other law. It is provided for information purposes and is not aninvitation nor offer of shares or recommendation for subscription, purchase or sale in anyjurisdiction. This presentation does not purport to contain all the information that aprospective investor may require in connection with any potential investment in theCompany. Each recipient must make its own independent assessment of the Companybefore acquiring any shares in the Company (Shares). The Company has made reference tohistoric drilling and exploration results from a variety of Exploration company's over the past30 years that had previously explored the Project.
FORWARD LOOKING INFORMATIONThis presentation contains forward-looking statements. Wherever possible, words such as“intends”, “expects”, “scheduled”, “estimates”, “anticipates”, “believes”, and similarexpressions or statements that certain actions, events or results “may”, “could”, “would”,“might” or “will” be taken, occur or be achieved, have been used to identify these forward-looking statements. Although the forward-looking statements contained in this release reflectmanagement’s current beliefs based upon information currently available to managementand based upon what management believes to be reasonable assumptions, The Companycannot be certain that actual results will be consistent with these forward-looking statements.A number of factors could cause events and achievements to differ materially from theresults expressed or implied in the forward-looking statements. These factors should beconsidered carefully and prospective investors should not place undue reliance on theforward-looking statements. Forward-looking statements necessarily involve significant knownand unknown risks, assumptions and uncertainties that may cause the Company's actualresults, events, prospects and opportunities to differ materially from those expressed orimplied by such forward-looking statements. Although the Company has attempted toidentify important risks and factors that could cause actual actions, events or results to differmaterially from those described in forward-looking statements, there may be other factors
and risks that cause actions, events or results not to be anticipated, estimated or intended,including those risk factors discussed in the Company’s public filings. There can be noassurance that the forward-looking statements will prove to be accurate, as actual resultsand future events could differ materially from those anticipated in such statements.Accordingly, prospective investors should not place undue reliance on forward-lookingstatements. Any forward-looking statements are made as of the date of this presentation,and the Company assumes no obligation to update or revise them to reflect new events orcircumstances, unless otherwise required by law. This presentation may contain certainforward looking statements and projections regarding:• estimated, resources and reserves;• planned production and operating costs profiles;• planned capital requirements; and• planned strategies and corporate objectives.Such forward looking statements/projections are estimates for discussion purposes only andshould not be relied upon. They are not guarantees of future performance and involveknown and unknown risks, uncertainties and other factors many of which are beyond thecontrol of the Company. The forward looking statements/projections are inherently uncertainand may therefore differ materially from results ultimately achieved. The Company does notmake any representations and provides no warranties concerning the accuracy of theprojections, and disclaims any obligation to update or revise any forward lookingstatements/projects based on new information, future events or otherwise except to theextent required by applicable laws.
NO NEW INFORMATION OR DATAThis presentation contains references to Mineral Resource estimates, all of which have beencross referenced to previous market announcements made by the Company. The Companyconfirms that it is not aware of any new information or data that materially affects theinformation included in the relevant market announcements and, in the case of estimates ofMineral Resources that all material assumptions and technical parameters underpinning theestimates in the relevant market announcement continue to apply and have not materiallychanged.
Exploration results – Refer to ASX announcement on that said date for full details on theseexploration results. Bellevue Gold is not aware of any new information or data that materiallyeffects the information in the said announcement.
DISCLAIMER
ASX: BGL | 2
CAUTIONARY STATEMENTS AND DISCLAIMER
ONE OF THE HIGHEST GRADE NEW GOLD DISCOVERIES IN AUSTRALIA
ASX: BGL | 3
BELLEVUE GOLD PROJECT – A MAJOR MINERALISED GOLD SYSTEM GROWING RAPIDLY
BELLEVUE GOLD MINE WAS ONE OF AUSTRALIA’S RICHEST
GOLD MINES PRODUCING 800,000 oz @ 15 g/t GOLD
(1986 TO 1997).
CLOSED & FORGOTTEN FOR 20 YEARS (1997 TO 2017)
BELLEVUE GOLD LTD ANNOUNCES
1,530,000oz @ 11.80 g/t GOLDINCLUDING
VIAGO LODE OF550,000 @ 22.0 g/t GOLD
INFERRED RESOURCESFeb 2019
Footnotes: 1. refer ASX Resource Estimate 5/2/2019; 2. refer ASX 6/8/18; 3. refer ASX 9/10/18; 4. refer ASX 26/9/18
• Updated Independent JORC Inferred Resource Estimate, Bellevue Gold Project1
4.0 Mt @ 11.8 g/t gold for 1,530,000 oz
• Adjacent existing historical underground development.
• From surface to maximum depth drilled of 600 metres.
• Excellent gold recoveries 98.8%.• Granted mining licenses.• Excellent infrastructure.
• Incudes maiden Inferred Resource estimate for the Viago Lode1 one of the highest grade gold discoveries globally:
0.8 Mt @ 22.0 g/t gold for 550,000 oz
Drill results include: • 4.3 m @ 58.8 g/t gold2
• 3.0 m @ 85.9 g/t gold3
• 6.4 m @ 27.9 g/t gold3
• 3.35 m @ 37.4 g/t gold4
• Resources are open.
• Currently 4 x drill rigs onsite undertaking step-out & infill drilling.
• Fully funded for continued exploration success in 2019.
• Updated Resource Estimate Qtr 2 2019.
• Significant +3,600km2 strategic landholding adjacent major mines (ASX: EAR / RED / NST / SAR / SBM).
ASX: DRG | 4
A STANDOUT HIGH GRADE GOLD PROJECT IN AUSTRALIAONE OF THE HIGHEST GRADE GOLD PROJECTS
• Bellevue Gold Project is one of the highest grade new gold discoveries in recent times in Australia.
• Viago Lode is one of the highest grade deposits globally.
• Significant scope to define further resources in rapid time.
• 4 x drill rigs currently turning.
• Low discovery cost less than A$15 oz.
ASX: BGL | 4 Source: S&P Global | SNL
Note: one deposit higher @ ~60g/t gold
Viago Lode Resource Grade 22.0g/t gold
Bellevue Gold Project Global Resource Grade 11.80g/t gold
JORC Resource estimates Gold Projects in Australia
Gold grade
g/t
ASX: DRG | 5
RAPID RESOURCE GROWTH MULTIPLE DRILL RIGS TURNING WITH LOW DISCOVERY COSTS AT LESS THAN A$15 oz
ASX: BGL | 5
0
5,000
10,000
15,000
20,000
25,000
Q3 2017 Q4 2018 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019
Drill
met
res
per q
uart
er
1.53 Moz
1.04 Moz
0.5 Moz
maiden resource01/08/18
Fore
ca
st Q
tr1
20
19
Dri
llin
g
updated resource 22/10/2018
Discovery drill hole 7m @ 27.4 g/t(20/11/2017)
updated resource 5/2/2019
UpdatedResource
2nd Qtr 2019
Current Share Price A$0.56
Market Capitalisation A$273.2M
Cash2 ~A$28.6M
ASX: BGL | 6
CORPORATE SUMMARYBUILDING STRONG FOUNDATIONS
ASX Code BGL
Shares on issue1 488M
Management, staff & consultant options/performance rights unlisted (prices from $0.035 - $0.40)
125M
Top 20 Shareholders1 ~ 60%
Footnotes: 1. as at 19 March 2019 2. As at 31 March 2019
Shareholder Summary1
Board, Management and Advisors (on a fully diluted basis)
1832 Asset Management LPTolga Kumova Macquarie Bank LtdOther Global Institutions and Sophisticated InvestorsRetail
~ 12 %11 %
9 %4 %
~ 34 %~ 30 %
Ray has more than 20 years’ experience in corporate finance and has advised a diverse range of ASX listed mining companies and was recently head of corporate of a major Australian broking firm.
ASX: BGL | 7
BOARD OF DIRECTORSA TRACK RECORD OF DISCOVERIES & CORPORATE SUCCESS
Non-Executive ChairmanMr. Ray Shorrocks
Managing Director Mr. Steve Parsons
Steve is an experienced geologist with a proven track record of mineral discoveries and corporate growth. Previously he founded and ran Gryphon Minerals which grew to an ASX-200 company and was subsequently acquired by a significant North American gold producer.
Executive Director & Company Secretary
Mr. Michael Naylor
Michael is a chartered accountant with 22 years experience in corporate advisory and public company management. Previous Director and CFO of successful ASX lithium producer Tawana Resources NL during the exploration and development phase.
ASX: BGL | 8
BELLEVUE GOLD SUMMARY VIDEOPLEASE CLICK ON THE VIDEO LINK
CLICK ON THE LINK TO VIEW THE BELLEVUE GOLD PROJECT
SUMMARY VIDEOhttps://youtu.be/jHJoXbacwTs
ASX: DRG | 9
Road from Leinster to Bellevue
• Significant landholding.
• Granted Mining Licenses Bellevue Gold Project.
• Western Australia is a top global mining jurisdiction.
• Close proximity to multiple major gold operations.
EXCELLENT LOCATIONMAJOR MINING DISTRICT IN WORLD-CLASS JURISDICTION
• Excellent infrastructure
• Grid power.
• Services at Leinster, Leonora & Wiluna.
• Flights, Perth to Leinster (40km south).
• Sealed roads.
• Water.
Onsite at Bellevue mining license
ASX: BGL | 9
ASX: DRG | 10
MAJOR GOLD & NICKEL DISTRICTSWORLD-CLASS GOLD & NICKEL BELTS ADJACENT TO NUMEROUS GOLD PROCESSING PLANTS
• Bellevue has major landholdings over 3,600km2 within prolific gold & nickel belts (BGL owns 100%).
• Major producing gold mines within close proximity to Bellevue’s Projects:
• Darlot (Goldfields).• Agnew / Lawlers (Goldfields).• Jundee (Northern Star).• Matilda (Blackham).• Thunderbox (Saracen).• Sons of Gwalia (St Barbara).
• World-class nickel mines in close proximity:• Leinster Nickel (BHP).• Mt Keith Nickel (BHP).• Honeymoon Well Nickel (Norilsk).• Cosmos Nickel (WSA).
ASX: BGL | 10
Bellevue Mining 1,530,000oz @ 11.8 g/t gold
ASX: DRG | 11
Historic Mine Shaft
The last time the mine operated
HISTORIC BELLEVUE GOLD MINEA MAJOR HISTORICAL GOLD PRODUCER
• Bellevue Gold Mine historically produced about 800,000 oz @ 15 g/t gold.
• A century of high grade gold – Bellevue was discovered in 1897 & closed in 1997.
• Several companies have owned the Bellevue project since mine closure however due to other gold and nickel discoveries in the region, work at Bellevue has not been prioritized.
• The Project has been “parked” for the last 20 years missing major advances in exploration techniques and the resurgence in gold price in recent times.
BELLEVUE GOLD LTD IS THE FIRST COMPANY TO EXPLORE BELLEVUE
SYSTEMATICALLY FOR GOLD USING MODERN TECHNIQUES IN NEARLY
TWO DECADES
ASX: BGL | 11
ASX: DRG | 12
Note: The historic gold processing plant has been dismantled at Bellevue gold project
• Historically produced ~100,000oz pa gold LOM.
• 260kt pa processing plant (onsite).
• Mine head grade ~ 15g/t gold.
• Excellent metallurgical recoveries of 97.5%.
• Formerly Bellevue was a highly profitable mining operation.
HISTORIC BELLEVUE GOLD MINESIGNIFICANT GOLD PRODUCTION 1986 – 1997 BEFORE IT CLOSED
UNDERGROUND MINING OPERATIONS
AND PROCESSING PLANT CEASED IN 1997
ASX: BGL | 12
ASX: DRG | 13
Existing Infrastructure1,530,000 oz @ 11.8g/t gold inferred resources from surface adjacent existing mine development
ASX: BGL | 13
main ventilation shaftParis Pit and Decline To Western Corridor Lodes
270,000 oz @ 8.8 g/t gold only 230 metres away from surface
To Viago Lode550,000 oz @ 22.0 g/t only 130 metres away
Bellevue Surrounds Lode 710,000 oz @ 9.6 g/t goldFrom surface & adjacent
mine development
450 metres of vertical mine development
28,000 metres of existing underground mine development
ASX: DRG | 14
MULTI-MILLION OUNCE GOLD SYSTEMGROWING RAPIDLY ALONG STRIKE & AT DEPTH
ASX: BGL | 14
800,000 oz @ 15 g/t gold mined from1986 to 1997
and
1,530,000 oz @ 11.8 g/t gold current inferred resources
• A world class multi-million oz Archean lode gold system.
• 4 kilometre mineralised corridor so far defined.
• open along strike.
• open at depth.
• Currently drilling step out with 4 x drill rigs.
• Resource upgrade in 2nd Quarter 2019.
ASX: DRG | 15
PLAN VIEW SHOWING BELLEVUE UNDERGROUND WORKINGS (BLUE), TRIBUNE LODE (LIGHT GREEN) & VIAGO NEW DISCOVERY LODE
• Viago Lode remains open - currently drilling north & south along strike.
• Recent step-out extensional drill results outside of the current resource include:
2.6 m @ 15.4 g/t gold4 - Viago north discovery2.4 m @ 15.4 g/t gold4 - Viago north discovery4.0 m @ 14.8 g/t gold4 - Viago extension1.7 m @ 34.6 g/t gold4 - Viago extension
• Consistent high-grade diamond core drill results have included: 4.3 m @ 58.8 g/t gold1
3.0 m @ 85.9 g/t gold2
6.4 m @ 27.9 g/t gold2
3.35 m @ 37.4 g/t gold3
2.8 m @ 19.0 g/t gold3
• Viago Lode is a flat/shallow dipping Lode located between the Bellevue Lode (to the east) & Tribune Lode (to the west).
• Current resource area covers only 750 metres. Recent drilling has extended the mineralised area to 1,400 metres and remains open.
• Located adjacent the historical Bellevue underground workings.
• To date 90% of drill holes have intersected visible gold.
• Down Hole Electro-Magnetic (DHEM) targeting correlates 100% with high-grade gold mineralisation.
HIGH-GRADE VIAGO LODE0.8 Mt @ 22.0 g/t gold for 550,000 oz gold inferred4
ASX: BGL | 15Exploration results 1. refer ASX 6/8/18; 2. refer ASX 9/10/18; 3. refer ASX 26/9/18 4. refer ASX 14/3/19
South
ASX: DRG | 16
• Tribune Lode remains open and is currently being drilled to the north & south along strike.
• Recent step-out extensional drill results outside of the current resource include:
6.0 m @ 24.9 g/t gold from 188 m4
6.5 m @ 22.2 g/t gold from 96 m4
• Consistent high grade diamond core drill results include: 5 m @ 22.9 g/t gold from 25 m 2
7 m @ 27.4 g/t gold from 93 m 2
12 m @ 12.0 g/t gold from 68 m4
10.1 m @ 29.0 g/t gold from 188.5 m4
5 m @ 27.3 g/t gold from 41 m4
• Tribune Lode located 300 metres to the west of the Bellevue Lode & underground workings & the Viago Lode.
• Current resource area covers 650 metres. Recent drilling has extended the mineralised area to 1,000 metres and remains open.
• Down Hole Electro-Magnetic (DHEM) targeting correlates 100% with high-grade gold mineralisation.
HIGH-GRADE TRIBUNE LODESIGNIFICANT HIGH-GRADE GOLD DRILL RESULTS OUTSIDE THE CURRENT RESOURCE
ASX: BGL | 16Exploration results Refer ASX 17/7/18; 6/8/18; 9/10/18; and 26/9/18 and 4. refer ASX 14/3/19
6.5 m @ 22.2 g/t gold from 96 m.Tribune Lode diamond core hole DRDD112 located 50 metres south of previously defined high-grade mineralization at the Tribune Lode
6 m @ 24.9 g/t gold from 188 m.Tribune Lode diamond core hole DRDD111 located 350 metres north of previously defined high-grade mineralization at the Tribune Lode.
ASX: DRG | 17
A SIGNIFICANT HIGH-GRADE LODE SYSTEMMULTIPLE HIGH-GRADE LODES – FURTHER DISCOVERIES HIGHLY LIKELY
LONG SECTION LOOKING EAST SHOWING BELLEVUE SURROUNDS & UNDERGROUND MINE (RED), TRIBUNE (Yellow) & SOUTHERN BELLE (LIGHT BLUE) & VIAGO LODE (GREEN) RESOURCE AREAS
• Multiple high-grade gold lodes.
• No drilling below current resources.
• Currently drill testing extensions of Viago & Tribune Lodes.
North South
ASX: BGL | 17Exploration results: Refer ASX 17/7/18; 6/8/18; 9/10/18; and 26/9/18 .
All resource wireframes areIn close proximity to historic mining development .
ALL resources are unmined.All resources are open.
500m
SouthNorth
ASX: DRG | 18
CROSS SECTION LOOKING NORTH SHOWING BELLEVUE SURROUNDS LODE (YELLOW RIGHT SIDE), TRIBUNE DISCOVERY LODE (LEFT SIDE YELLOW) AND VIAGO LODE (BELOW).
• Analogous mineralisation style and host lithology to the Bellevue Mine.
• Early quartz veins with subsequent deformation and sulphide + gold mineralisation.
• Abundant coarse gold and well defined high-grade shoot development in the overall shear hosted lode.
• Comparable true widths and drilling hit rate of high-grade material at Bellevue Mine.
• Tribune Lode, Viago Lode & Bellevue underground workings all in close proximity.
RESOURCES ARE ADJACENT UNDERGROUND DEVELOPMENTSTEP-OUT EXTENSION DRILLING UNDERWAY WITH FOUR DIAMOND CORE RIGS
ASX: BGL | 18
untested
East
untested
untested
ASX: DRG | 19
SIGNIFICANT POTENTIAL TO EXTEND HIGH-GRADE LODE SYSTEMDRILL TESTING DEPTH EXTENSIONS STARTING QTRS 2 & 3 2019
North South
ASX: BGL | 19
500m
SouthNorth
Viago Lode
Tribune Lode
Southern Belle Lode
Bellevue Surrounds Lodes
Open
Open
OpenOpenOpen
Open
Bellevue Gold Project:800,000 oz @ 15 g/t gold mined from 1986 to 1997 &
1,530,000 oz @ 11.8 g/t gold current inferred resources
ASX: DRG | 20
GEOLOGICAL PLAN SHOWING RESOURCE LODES SO FAR DEFINED & AREAS FOR STEP-OUT DRILL TESTING IN 2019
• 4 kilometre mineralised corridor so far defined.
• Mineralisation is open.
• Hardly any drill holes.
• Multiple high grade gold lodes discovered within a major mineralised corridor.
• Surface & Down Hole Electro-Magnetics help target mineralised lodes.
• Currently drilling step out with 4 x diamond core drill rigs.
East
MULTIPLE HIGH-GRADE GOLD LODESJUST SCRATCHING THE SURFACE OF A LARGE GOLD SYSTEM - STEPOUT & INFILL DRILLING ONGOING
ASX: BGL | 20
Tribune Lode
Southern Belle Lode
Viago Lode
Bellevue Surrounds
ASX: DRG | 21
• Lode quartz veins with sulphides (pyrrhotite) + visible gold mineralisation.
• Excellent metallurgical test results up to 98.8% through a combination of gravity and 48-hour cyanide leach bottle rolls.1
• Gravity recoveries of up to 82.5% of total gold recovered by the Knelson Concentrator prior to cyanide leaching.1
BELLEVUE MINE, VIAGO & TRIBUNE LODESMINERALISATION IDENTICAL TO HISTORIC BELLEVUE UNDERGROUND ORE
HOLE DRD020 (22 MAR 18)
TRIBUNE LODE 2.5m @ 29.0g/t & 3.8m @ 5.2g/t gold
HOLE DRDD013 (06 Aug 18)
VIAGO LODE 4.3m @ 58.8g/t gold
Bellevue mine ore photos of
sulphides and quartz veins hosting
high-grade gold mineralisation
ASX: BGL | 211: Refer to ASX announcement on 29/6/2018.
ASX: DRG | 22
4 x Diamond Drill Core Rigs currently drilling onsite
BELLEVUE GOLD PROJECT 2019GRANTED MINING LICENCES & GEARED UP FOR DISCOVERY SUCCESS IN 2019
24 person campDrill core shed
+40,000 metres of stored drill core
laydown area Field vehicles
ASX: BGL | 22
ASX: DRG | 23
• BELLEVUE MINE TARGETS INCLUDE:
• Tribune Lode step-out.
• Viago Lode step-out.
• Bellevue Surrounds & underground step-out.
• Western Mineralised Corridor - a major new target area with minimal historical testing.
• HIGH PRIORITY STEP-OUT TARGETS:
• Strike extensions to north & south.
• Depth extensions below 500 metres.
• Parallel shear zones with limited historical drill testing.
• Base metal potential.
• Significant landholding of 3,500sq km2
Bellevue Northern extension11m @ 6.5 g/t from 35m2m @ 5.6 g/t from 64m
Westralia pit 4m @ 28.2 g/t from 57m6m @ 12.6 g/t from 23mVangaurd pit 8m @ 11.2 g/t from 27m8m @ 5.5 g/t from 64mHenderson pit 3m @ 53 g/t from 13m
Bellevue remnant ore potential
Tribune Lode discovery 7m @ 27.4 g/t from 92m12m @ 12.0 g/t from 68m15m @ 6.8 g/t from 79.5m5m @ 22.9 g/t from 25mSouthern Belle Lode4.4m @ 22.87 g/t from 388m
+20 KILOMETRES
Viago Lode discovery4.3m @ 58.8g/t 3.4m @ 10.4 g/t 2.5m @ 13.1 g/t
MULTIPLE BELLEVUE REGIONAL TARGETSA HIGHLY PROSPECTIVE LANDHOLDING UNTESTED FOR 20 YEARS
Kathleen Valley2m @ 19 g/t from 32m5m @ 9.78 g/t from 8m
ASX: BGL | 23Exploration results: Refer to ASX announcements on 20/11/2017, 22/3/2018 , 17/7/2018, 6/8/18, ASX 9/10/18 and 26/9/18
ASX: DRG | 24
• Bellevue Gold’s land position is over 3,600km2.
• Bellevue Gold owns 100% of the Bellevue, Yandal South, JundeeNorth & Fisher West Gold Projects.
• All located in close proximity to the Bellevue Gold Project.
• Strategically located between major gold mines: Northern Star (ASX:NST), Echo Resources (ASX:EAR), Red 5 (ASX:RED), Goldfields, Saracen (ASX:SAR) & St Barbara Mining (ASX:SBM).
• A world-class gold & nickel region with multiple operating mines.
A LARGE STRATEGIC GROUND POSITIONHIGHLY PROSPECTIVE BELLEVUE & SOUTH YANDAL GOLD PROJECTS
ASX: BGL | 24
ASX: DRG | 25
Now
1.53 million oz @ 11.8g/t gold
interim JORC inferred resource estimate
deeper drill testing below 500 metres
targeting high-grade Bellevue
depth extensions
Updated resource estimate
Bellevue Gold Project
Qtr 2 & 3Deeper Bellevue
TargetingQtr 2 2019
ONGOING NEWS FLOW 2019
UNLOCKING THE POTENTIAL AT BELLEVUEFUNDED FOR DISCOVERY DRILLING & RESOURCE DEFINITION
ASX: BGL | 25
Targeting Viago, Bellevue & Western Corridor
step-out extensional drilling
Qtr 2 & 3 4 x drill rigs
Ongoing surface & downhole
electro-magnetic testing for high
grade gold zones
Qtr 2 & 3 Geophysics
ASX: DRG | 26Source: information is from most recent ASX & TSX Company reports and company websites
BellevueBellevue Gold
Paulsens Northern Star
Kanowna BelleNorthern Star
AgnewGoldfields
DarlotRed 5
JundeeNorthern Star
GwaliaSt Barbara surface
-500m
-1,000m
~800koz Produced
current resource1.53 Moz
@ 11.8g/t goldCurrent
resources 198koz @
3.7g/t gold
surface
-500m
-1,000m
Historicallyproduced
3.5 Moz
Currentresources 250koz @
5.97g/t goldCurrent
resources 1.15Moz @3.2g/t gold
Currentresources 2.1Moz @
5.31g/t gold
Historicallyproduced4.9 Moz @
4.6g/t gold
Historicallyproduced700koz @
7.6g/t gold
Historicallyproduced
3.5 Moz
1,300 metres1,300 metres
850 metres2,000 metresdown plunge
Historicallyproduced
5.5 Moz
Currentresources 3.2Moz @
4.3g/t gold
800 metres
HistoricallyProduced5.5 Moz
Currentresources 5.7Moz @
6.7g/t gold-1500m
-2000m
1,600 metres
-1500m
Open&
untested
-2000m
+3km deep drilling
deep drilling
deep Seismic & drilling
deeper drilling
deeper drilling
A LOT FURTHER TO GOHIGH-GRADE UNDERGROUND MINING OPERATIONS IN WESTERN AUSTRALIA WILL CONTINUE TO GO DEEPER
ASX: BGL | 26
deeper drilling
ASX: DRG | 27
BELLEVUE HIGH-GRADE GOLDRapidly Growing A Significant High-Grade Gold System
ONE OF AUSTRALIA’S HIGHEST GRADE GOLD MINES PRODUCING 800,000 oz @ 15 g/t GOLD FROM 1986 – 1997
BELLEVUE GOLD LTD IS RAPIDLY CREATING SHAREHOLDER VALUE THROUGH DRILL METRES & CONSISTANT RESOURCE GROWTH
One of the highest grade
new gold discoveries
globally
A significant high-grade gold
resource
One of the fastest growing
resources in Australia
Fully funded for further
exploration and resource
growth in 2019
A highly experienced
management & exploration team with track record
of discovery success
11.8 g/t
1.53 Moz
ASX: BGL | 27
13months
Suite 3, Level 3, 24 Outram Street West Perth| T: + 61 (08) 6424 8077| E: [email protected]
Appendices follow
Photo April 2019: Senior Wati from the Western Desert invited Bellevue Gold to a cultural event on Country with senior Wati & senior elders of Tjiwarl
ASX: DRG | 29
COMPETENT PERSONS STATEMENT
ASX: BGL | 29
Information in this half year report that relates to Exploration Results is based on and fairly represents information and supporting documentation prepared by Mr Shane Hibbird. Mr Hibbird is a full-timeemployee of Bellevue Gold and is a member of the AusIMM, Australian Institute of Geoscientists (AIG) and the Society of Economic Geologists (SEG). Mr Hibbird has sufficient experience relevant to the styles ofmineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as a Competent Person, as defined in the 2012 Edition of the “Australasian Code for Reporting ofExploration results, Mineral Resources and Ore Reserves”. Mr Hibbird is an employee and holds securities in Bellevue Gold Limited and has provided his prior written consent as to the form and context in whichthe Exploration Results and the supporting information are presented in this announcement.Information in this half year report that relates to Mineral Resources at the Western Corridor and Viago Lodes is based on, and fairly represents, information and supporting documentation prepared by Mr BrianWolfe, an independent consultant specialising in mineral resource estimation, evaluation and exploration. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experiencewhich is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of theAustralasian Code for Reporting of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).
Information in this half year report that relates to Mineral Resources at the Bellevue Surrounds is based on, and fairly represents, information and supporting documentation prepared by Mr Sam Brooks, anemployee of Bellevue Gold. Mr Brooks is a Member of the Australian Institute of Geoscientists. Mr Brooks has sufficient experience which is relevant to the style of mineralisation and type of deposit underconsideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of Information in this announcementthat relates to mineral resources. Mr Brooks is an employee and holds securities in Bellevue Gold Limited and consents to the inclusion in this announcement of all technical statements based on his informationin the form and context in which they appear. Information relating to the Bellevue Surrounds resource has been reviewed by Mr Brian Wolfe, an independent consultant specialising in mineral resourceestimation, evaluation and exploration. Mr Wolfe is a Member of the Australian Institute of Geoscientists. Mr Wolfe has sufficient experience which is relevant to the style of mineralisation and type of depositunder consideration and to the activity which he is undertaking to qualify as a Competent Person (or “CP”) as defined in the 2012 Edition of the Australasian Code for Reporting of the Australasian Code forReporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code).
ASX: DRG | 30
BUILDING GLOBAL ANALYST COVERAGE
ASX: BGL | 30
Analyst Company Analyst Name Contact Details
Macquarie Bank Ben Crowley [email protected]
Canaccord Genuity Tim McCormack [email protected]
Paterson's Securities Limited Xavier Braud [email protected]
Sprott Capital Partners Brock Salier [email protected]
EAR Keith Goode [email protected]
ASX: DRG | 31
Resource Estimate Bellevue Gold ProjectIndependent JORC 2012 resource estimate for the Bellevue Gold Project (ASX 22 October 2018):
3.5 g/t gold lower cut off, totals rounded to reflect acceptable precision
*Totals are rounded to reflect acceptable precision, sub totals may not reflect global total resources ASX: BGL | 31
JORC Mineral Resource Estimate
Classification Tonnes (Mt) Grade Gold g/t Gold Ounces
Inferred 4.0 11.8 1,530,000
JORC 2012 Inferred resource estimate at selected lower cut-off gradesCut-off Tonnes (Mt) Grade gold g/t Gold Ounces2.0 g/t Au 5.5 9.6 1,660,0003.5 g/t Au 4.0 11.8 1,530,0005.0 g/t Au 3.3 13.6 1,430,000
JORC 2012 Inferred resource estimate summary
Deposit Area Tonnes (Mt) Grade gold g/t Gold Ounces
Bellevue Surrounds 2.3 9.6 710,000
Viago Lode 0.8 22.0 550,000Tribune Lode 0.6 7.8 150,000
Southern Belle Lod 0.4 10.4 120,000Total 4.0 11.8 1,530,000*