Bellevue Gold Limited

Bellevue Gold Ltd. (ASX: BGL, OCT.US: BELGF) is an Australian-based gold mining company focused on the rapid advancement of its Bellevue Gold Project, located in the world-renowned gold mining region of Western Australia. Distinguished by its high-grade gold resource and Tier-1 jurisdiction, the Bellevue Gold Project boasts a Mineral Resource estimate of 3.2 million ounces, with 2.0 million ounces in the Indicated category. Achieving commercial production in May 2024, the project represents one of the most significant gold discoveries in Australia in recent decades. Bellevue's expedited timeline from discovery to production in under six years demonstrates the company’s operational efficiency and strategic approach to delivering shareholder value.

Bellevue Gold's development strategy is supported by substantial underground development and ongoing resource expansion initiatives. The project’s high-grade ore and optimized infrastructure enable Bellevue to target production growth to 250,000 ounces per year by FY28, all while achieving a low All-In Sustaining Cost (AISC) profile. The company is also committed to sustainable mining practices, with plans to integrate renewable energy sources to minimize its environmental impact. With a strong balance sheet and experienced management team, Bellevue Gold Ltd. is positioned as a premier, high-grade gold producer with exceptional growth potential.

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Bellevue Gold offers an attractive investment opportunity through its advanced-stage, high-grade Bellevue Gold Project. The project is set to grow into a major gold producer in Australia by FY28 and a projected decrease in AISC, aligning Bellevue Gold as one of the lowest-cost producers in its class. The five-year growth plan emphasizes organic expansion, leveraging a substantial mineral reserve, extensive infrastructure, and optimized processing facilities to enhance cost efficiency and output.

Located in a premier mining district, Bellevue benefits from Australia’s stable regulatory environment and strong governmental support for mineral development. The Bellevue Gold Project’s high-grade gold resource, combined with strategic exploration efforts, positions the company to deliver sustained returns and unlock further resource potential. Bellevue Gold's commitment to Environmental, Social, and Governance (ESG) principles, coupled with its plans for renewable energy integration, underscores its focus on responsible mining. With rising global demand for gold and a low-cost structure, Bellevue Gold is poised for significant value creation, offering investors a unique entry into one of Australia's leading high-grade gold projects.

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Bellevue Gold Ltd. is led by a skilled management team with extensive expertise across mining operations, project development, and corporate finance. At the helm is Managing Director and CEO, Darren Stralow, who brings over 20 years of experience in the gold sector, specializing in resource development and strategic project execution. 

The financial strategy is overseen by CFO Guy Moore, a finance professional with a deep background in the resources sector. With experience in managing capital-intensive projects and optimizing funding structures, Craig plays a crucial role in maintaining Bellevue’s strong financial position as it advances its growth plan. The company's technical operations are led by Chief Operating Officer, Bill Stirling, he specializes in operational productivity & contract negotiations. His track record in underground mining ensures efficient project execution and continuous improvement across Bellevue's development activities.

Supporting Bellevue's focus on sustainable practices and community relations, Chief Sustainability Officer, Luke Gleeson has over 20 years’ of experience in equity markets and sustainability. He has raised over $1.4B in the last 5yrs at Bellevue and at Northern Star Resources

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Bellevue Gold Ltd. is executing a comprehensive growth strategy centered on scaling production at its flagship Bellevue Gold Project while enhancing operational efficiency and sustainability. Following the successful transition from discovery to commercial production, Bellevue is focused on its five-year growth plan, which targets a production rate of 250,000 ounces per year by FY28. This expansion is being achieved through strategic underground development, including infrastructure upgrades, such as increasing processing capacity from 1.0Mtpa to 1.6Mtpa by FY27, and enhancing ventilation and pumping systems to support intensified mining activities.

The company’s growth plan emphasizes cost optimization, with a projected reduction in All-In Sustaining Costs by leveraging economies of scale and productivity gains. Bellevue Gold is also advancing an aggressive exploration program targeting a 1.5-2.5 million ounce resource increase, which could extend the mine’s life and add further value.

Sustainability is integral to Bellevue's growth strategy, with a commitment to implementing renewable energy solutions that reduce carbon emissions and operating costs. This forward-looking approach positions Bellevue Gold as a leading low-cost producer in a Tier-1 jurisdiction, driving sustained growth and strong financial performance for years to come.

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Bellevue Gold Ltd. is financially well-positioned, with a robust asset base and a clear path to self-funded growth driven by the Bellevue Gold Project’s high-grade, low-cost resource. Following an equity raise and debt restructuring in 2024, Bellevue significantly strengthened its balance sheet, supporting its expansion plans without excessive leverage. The company generated A$41 million in free cash flow in the June quarter of FY24 and recorded a net profit after tax of A$75 million, demonstrating strong operational cash flow potential.

The company's All-In Sustaining Costs are expected to decrease from A$1,750-1,850 per ounce in FY25 to A$1,500-1,600 per ounce by FY29, driven by economies of scale and efficient capital deployment. Bellevue’s focus on cost management, combined with a favorable gold price environment, positions the company to maximize shareholder returns as it scales production and reduces operating costs.

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Bellevue Gold Ltd. stands at the forefront of Australia’s gold mining sector with its high-grade Bellevue Gold Project, positioned to become a leading low-cost producer in a premier mining jurisdiction. With a Mineral Resource of 3.2 million ounces and a well-defined five-year growth plan targeting annual production of 250,000 ounces by FY28, Bellevue combines operational efficiency with sustainable practices to deliver substantial shareholder value.

Guided by a seasoned management team, Bellevue has rapidly progressed from discovery to commercial production, demonstrating strong financial performance and prudent cost management. The company’s strategic focus on infrastructure upgrades, exploration growth, and renewable energy integration underpins its commitment to long-term operational success and environmental stewardship.

As global demand for gold remains strong, Bellevue Gold Ltd. offers an attractive investment opportunity. Its combination of high-grade resources, low-cost structure, and sustainable practices makes Bellevue a resilient and forward-looking player in the gold mining industry, positioned to deliver consistent returns and value for investors well into the future.

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