Bellevue gold project on target and budget

Bellevue Gold

The Bellevue Gold operation in Western Australia. Image: Bellevue Gold

Bellevue Gold remains confident of first production at its namesake gold project in June 2023 despite increased infrastructure turnouts during site development.

According to the company’s December quarterly report, development advancements at the Bellevue Gold project in the Eastern Goldfields of Western Australia were down slightly due to increased turnouts required for ventilation, electrical and pumping infrastructure.

“Site development activities have continued to perform well and on budget working towards delivering first gold production in June 2023 as outlined in the recently released Feasibility 2 study,” the company stated.

“Development works continue to focus on the underground access and establishment of the mine infrastructure ahead of surface infrastructure works.”

Bellevue managing director Steve Parsons said the project had been significantly advanced and de-risked during the quarter.

“It was a highly successful quarter which saw us deliver results in line with our strategy on every front,” Parsons said.

“I am confident that by continuing to deliver on the two key planks of our strategy, we will achieve our goal of becoming a ~200,000 ounce a year producer with a long mine life and strong growth prospects.

“Development is on schedule and budget, and the grade control model reconciles with the resource estimate.

“Drilling is ongoing with the aim of growing the inventory and upgrading it, both of which will create further value for shareholders, and underground mine development is proceeding well.”

Bellevue also reinforced its executive team with two additions in the roles of chief executive officer and general manager over the December quarter.

Darren Stralow replaced Craig Jones as chief executive officer from his role as chief development officer at Northern Star Resources, with a list of senior positions at the company and others under his belt.

Bellevue’s new general manager Bill Stirling also hails from Northern Star where he was general manager of the Jundee, Kalgoorlie and Bronzewing operations during his tenure.

Parsons said Stralow and Stirling were great fits for the company’s growth as a gold miner.

“It’s been fantastic to see two former Northern Star senior executives in Darren as CEO and Bill as general manager join the team, it’s another massive tick for the project,” he said.

Once operational, the Bellevue Gold Mine is forecast to be one of the highest-grade, lowest cost mines in Australia.

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