Gold

Our Managing Director Steve Parsons discusses Bellevue developing Australia’s first carbon-free gold mine, and steps taken to de-risk our flagship project ahead of first production in H2 2023 with Paydirt Media Pty Ltd[COLOR=rgba(0, 0, 0, 0.9)]: [/COLOR]https://loom.ly/31u1-Zg[COLOR=rgba(0, 0, 0, 0.9)] “Obviously the big thing that everyone has been talking about around the world for the last 12 months – and will be for the next 12 months I’d imagine – is what’s been going on with inflation and cost pressures and supply chain issues,” Steve told journalist Michael Washbourne. “Over the last 12 months we’ve been able to lock in 90% of our costs. Everything is fixed now, in either tendered or contracted costs, and we have a large contingency as well with the $351m of debt and equity that we have available to us. “We are starting a brand new mine which is a very high margin, highly profitable gold mine, which means that we can start out by looking at new ways of doing things,” he continued. “One of those is that we can have a very high renewable energy component to it by starting a standalone wind farm and solar farm. The renewable energy penetration will probably be up around 70-80%, which means that we are well on track for being able to produce carbon-free gold.”[/COLOR]