Page 29 - pd284-July20-mag-web_Neat

Company: Bellevue Gold Ltd (ASX:BGL) Key people:
Steve Parsons (managing director), Michael Naylor (executive director/
Share price: 94c/share (as at June 18) company secretary), Sam Brooks (chief geologist)
Market cap: $643 million (as at June 18) New faces:
Address: Suite 3, Level 3, 24 Outram Street, West Perth WA 6005 Kevin Tomlinson (independent non-executive chairman), Craig Jones
(chief operating officer), Fiona Robertson (non-executive director),
Phone: +61 (8) 6424 8077 Shannon Coates (non-executive director), Luke Gleeson (head of
corporate development)
Email: admin@bellevuegold.com.au
LinkedIn: @bellevuegold
Facebook: @bellevuegold
www.bellevuegold.com.au
Twitter: @bellevuegold

“At the end of the year we expect to upscale the indicated category from phase Bellevue is doing enough to warrant fair attention in such discussions.
two drilling and that will then be the basis for economic study work. There will be “There is certainly lots of excitement and globally there are a lot of investors looking
metallurgical results coming out soon, geotech work is being done and we are out at gold and gold mining companies are looking at what the next thing to do is. We’ve
to tender for the group that will be running the BFS. We will also be announcing the seen some pretty big transactions and we are going to be quite lucky to fly under the
contractors for underground drilling,” Parsons says. radar,” Parsons says.
The programme of works will give investors an idea of the overall shape of the “I think we’ve got a real clear path to development and production and it can happen
Bellevue development. very quickly compared to other mines as we’re expecting a low capex. We should
“You will start to see the types and styles of mining methods, as well as obviously be able to fly under the radar of bigger companies that might be looking or circling,
capital costs towards the end of the year, so we expect to have all that completed which will enable us to develop this into a mine sooner rather than later.
about Christmas or start of 2021. That will be the point we start pushing into “In the next 5-10 years this is going to continue to grow and go deeper and wider. It
development,” Parsons says. will be pretty similar to those WA Archaean gold systems that typically go for a long
In line with the realisation that Bellevue was heading towards development and in time and are owned by big companies because they are highly profitable, they don’t
keeping with requirements of an ASX300 entity, the company started to bolster its stop.”
board with the requisite expertise late last year. The company certainly has the ground holding – 3,500sq km – to potentially be a
Well-known gold mine developer Kevin Tomlinson (independent non-executive long-time tenant in the mineral-rich region of Leinster in WA, particularly if a replica
chairman), ex-Northern Star Resources Ltd pair Craig Jones (chief operating officer) gold system is identified.
and Luke Gleeson (head of corporate development), Fiona Robertson (non-executive “Bellevue is the focus and the 20km along strike from that. We are planning on doing
director) and Shannon Coates (non-executive director) are the new faces Parsons has more regional targeting outside of that 20km area later this year and that will be
welcomed into the Bellevue stable. exciting for the geologists to get stuck into to see if we can find the next Bellevue,”
“Instead of having just the exploration team, we now have the right people on board Parsons says.
who know how to build mines and with track records of delivering mines and making “We are very much gold focused, but we sit right next door to what was one of the
them work,” Parsons says. great nickel discoveries in Australia with ultramafics that host nickel coming across
“We have very much gone from purely exploration in the last couple of years to be to our property. There is certainly a heap of prospectivity for nickel on our ground so
ready to go with feasibility work and then onto development and production.” we are going to start doing some geophysics and targeting, which might then see us
Gold producers have been the target of global M&A transactions as companies scurry drilling a few holes later this year on those conceptual targets and we may also look
to secure ounces and take advantage of record prices. It is reasonable to expect for a partner to come on board to explore the nickel for us.”

Dewatering of the
existing underground
mine is proceeding to
plan, with drilling from
underground allowing
Bellevue to drill at twice
the pace and cheaper
than drilling from
surface