Ann: Quarterly Activities Report, page-21

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Bellevue appoints debt advisor

Bellevue Gold has appointed a debt advisor as the feasibility study for its namesake project in Western Australia nears completion (reports MiningNews).

22nd January 2021
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Bellevue Gold has appointed a debt advisor as the feasibility study for its namesake project in Western Australia nears completion (reports MiningNews).
Perth-based Orimco has been appointed to assist and support management in the preparation, planning, implementation and completion of financing for the Bellevue gold project.
Bellevue aims to be in construction by mid-year.
It said today a feasibility study was "almost complete" and on track to be released this quarter.
The company's most recent presentation in November indicated the feasibility study was being targeted for February.
Analysts are predicting average annual production of 150,000-200,000 ounces of gold, based on the current resource of 2.4 million ounces at 10 grams per tonne gold.
The feasibility study is based on the indicated resource of 1Moz at 11.4gpt, but infill drilling is underway to convert inferred resources.
Decline development has advanced to 730m, allowing platforms to be established for underground drilling.
Other early works are underway, including work on establishing the primary ventilation system and high voltage infrastructure, and surface works, including the mobile plant workshop, administration and accommodation facilities.
Bellevue is well-funded for early works with cash of A$127.6 million at the end of December.