Aankondiging • Dec 22

Bellevue Gold Limited Provides an Update on Recent Activities Aimed at Accelerating Development of its Bellevue Gold Project

Bellevue Gold Limited provided an update on recent activities aimed at accelerating development of its Bellevue Gold Project. The first draw down of $35 million from the Project Loan Facility (PLF) with Macquarie Bank Limited (Macquarie) was completed on 21 December 2022 in line with first draw down requirements. The proceeds from the initial drawdown will be used to meet budgeted project expenditure requirements. The project remains fully funded with pro forma cash at bank of $142 million as at 30 November 2022 and total liquidity of $307 million. Recent works include further acceleration of the underground development with a third underground jumbo rig mobilised to site by contractor Develop Global Limited (Develop). The jumbo, which is being commissioned and is due to commence work at the start of January 2023, will be used to develop additional access in the Marceline area. Underground development rates are expected to continue increasing with the ramp up of ore drives starting in the new year. Single heading development at the Viago decline is also now switching to twin headings with the bifurcation of the Deacon decline reached. Overall development rates continue to exceed the project schedule, putting the project well on track to meet commercial production in the second half of calendar year 2023. Detailed design for the Tribune box cut, which has been brought forward in the schedule, is underway and works have been included in the open pit tender, which is on schedule to be awarded in January 2023. An additional underground diamond drill rig has been secured and will be mobilised to site in late January 2023. The additional diamond drilling will be conducting step out exploration and Resource definition drilling to grow the project Reserve base. Site works at the processing plant are progressing well with key infrastructure bulk earthworks and civils complete, including CIL, ball mill, crushers and thickeners. Over 1,100m of structural concrete has been poured over a five-week period, which more than half of the concrete required for the project. Tank construction has commenced and is progressing ahead of schedule, with tank floor and strake assembly and welding ongoing. Long lead items continue to arrive on site and into Perth, along with structural steel, grid mesh and platework. Having ordered long lead items as part of the initial early works agreement with GR Engineering Services Limited. Bellevue and Energy Developments Pty Ltd. (EDL) are continuing to progress negotiations in relation to a Power Purchase Agreement (PPA) for the project, which is a key step in Bellevue's strategy to be powered by a forecast average of 80% renewable energy each year using a wind, solar and battery hybrid power solution. The successful completion of the $60 million placement was announced on 6 December 2022 which will be used to fund the increased and accelerated underground mining plan and further growth drilling. Bellevue is offering eligible shareholders in Australia and New Zealand the opportunity to participate in a share purchase plan of up to $10 million which is open until 5.00pm (ASWT) on 13 January 2023. Recent works include further acceleration of the underground development with a third underground jumbo rig mobilised to site by contractor Develop. The jumbo, which is being commissioned and is due to commence work at the start of January 2023, will be used to bring forward access in the Marceline area and fast track development in the Deacon Main decline and access. Underground development rates are expected to continue increasing with the ramp up of ore drives starting in the new year. Single heading development at the Viago decline is also now switching to twin headings with the bifurcation of the Deacon decline reached. Two raisebore rigs have now been mobilised to site, with drilling continuing for escapeway access to the Northern mining district and an additional raisebore commissioned and drilling to develop a ventilation rise to the surface for the Southern mining district. Overall development rates continue to exceed the project schedule, putting the project well on track for commercial production in the second half of calendar year 2023. Development will focus on high-confidence, high-grade, sub-vertical mining areas to de-risk the production schedule. The additional development fast-tracks Marceline and Deacon, and opens additional mining areas earlier in the mine sequence. Detailed design for the Tribune box cut, which has been brought forward in the schedule, is underway and works have been included in the open pit tender, which is on schedule to be awarded in January 2023. An additional underground diamond drill rig has been secured and will be mobilised to site in late January 2023. The additional diamond drilling will be conducting step out exploration and Resource definition drilling to grow the project Reserve base. The additional drilling will fast-track grade control drilling at Marceline to support the accelerated mine plan, target Resource growth, and Reserve conversion from underground drilling platforms, and continue testing down hole conductive electromagnetic (DHEM) targets outside the current Resource. Site works at the processing plant are progressing well with key infrastructure bulk earthworks and civils complete, including CIL, ball mill, crushers and thickeners. Over 1,100m3 of structural concrete has been poured over a five-week period, which is more than half the concrete required for the project. Tank construction has commenced and is progressing ahead of schedule, with tank floor and strake assembly and welding ongoing. Long lead items continue to arrive on site and into Perth, along with structural steel, grid mesh and platework. Having ordered long lead items as part of the initial early works agreement with GRES, procurement is well ahead of construction schedule, allowing on site teams to continue unabated.

Aankondiging • Nov 16

Bellevue Gold Limited Studies Options to Toll Treat the Anticipated Ore Stockpile At Its Bellevue Gold Project

Bellevue Gold Limited advised that it is studying options to toll treat the anticipated ore stockpile at its Bellevue Gold Project in WA ahead of commissioning the processing plant. The decision to review toll treating options was made in light of the strong progress being made on underground development, which is comfortably ahead of schedule at 6.7km. The progress rate has been further enhanced with the delivery of a second jumbo in October 2022. Mining is scheduled to start ore driving in the Upper Armand areas this month which will in turn will increase the number of available headings and increase development rates. Sequential opening up of the five independent work areas is on track, with Armand reached in late July and Bellevue South scheduled for early 2023. Bellevue Managing Director Steve Parsons said: "It is increasingly clear that may have an opportunity to accelerate the start of cashflow due to the significant ore stockpile expect to accumulate before plant commissioning gets underway. The forecast stockpile is set to exceed 200,000 tonnes at 5g/t gold, which will be partly the result of mining the planned Vanguard open pit that is set to commence in the first quarter of next year and will consist of ~100kt at >3.5g/t gold. The mined Vanguard pit will then be transformed into the tailings dam for plant commissioning. In addition to the rapid rate of underground development, plant construction is also advancing quickly, putting Bellevue on track for first production in the second half of CY2023. The project remains well funded with $277.3m of available liquidity as at 30 September 2022. Significant de-risking of the plant construction has been achieved with the bulk earthworks that commenced in September 2022 now complete. Critical path concrete pours are also complete, including ball mill raft, CIL ring beams and crusher pocket. Critical path and long lead items for the processing plant are under manufacture with key items starting to arrive in Perth. Construction Activities: Following the receipt of all relevant approvals, construction activities at the processing plant and civil works have been progressing steadily towards the delivery of the project to commercial production. All works remain on time and in line with the project schedule, targeting delivery of commercial production in the second half of CY2023. Key items relating to the progress of the construction and procurement activities are: GR Engineering Services Limited (GR Engineering) (and subcontractors) fully mobilised and advancing construction on site as per the EPC agreement. GR Engineering is a major West Australian based design and construct contractor with a track record of recent successful delivery of similar projects; Construction activities are progressing well with bulk earthworks completed at the processing plant site; · Detailed earthworks completed for all critical path areas of the processing plant, with ancillary areas well advanced; and Structural concrete commenced, with critical path pours complete; including ball mill raft, CIL ring beams and crusher pocket. Critical path and long lead items are under manufacture with key items starting to arrive in Perth: Project has benefited from efficient supply chain with no disruptions, with key critical path processing plant components arriving ahead of requirements; Components were ordered ahead of time, securing project delivery timeline; Platework fabricated and other ancillary plant ready for transport to site ahead of schedule chutes, lime silo, screens; Crushers landed in Australia; and · Mill fabrication on schedule due for arrival in Australia in March 2023, well ahead of critical path requirement. Mining Activities: Underground mining activities continue to progress well and ahead of schedule with an excellent safety record and quality standards maintained. At the end of October 2022, a total of 6.7km of total development has been completed since underground activities commenced in August 2020. Development continues on both the northern and southern declines with access to the second production centre at Bellevue South expected in January 2023, having accessed first ore in Armand in July. Key progress relating to the underground mine currently progressing includes: An additional jumbo from underground mining contractor Develop commenced capital development in October 2022, with separate north and south production centres providing adequate headings to support an additional machine. All second-hand underground machinery on site has now been replaced with brand-new machines following the arrival of a second brand new 421 jumbo on 26 October. All equipment in the Develop fleet is now new and all crews are fully staffed. Total development advance rates continue to exceed development rates used in the project studies. A third jumbo is due to commence in January 2023, with all personnel ready to mobilise in line with schedule. Mining is scheduled to commence ore driving in the upper Armand areas this month. The start of ore driving will increase the number of available headings which is expected to result in a corresponding increase in development rates. Raisebore drilling contractor RUC Cementation Mining Contractors Ltd. is currently on site and drilling the pilot hole for the Marceline/Armand escapeway. A second raisebore rig is mobilising to site in late November 2022 to begin drilling the southern ventilation rise. All underground works and surface clearing required for both raisebores is complete.

Totaal aandeelhoudersrendement	-8.1%
Toekomstig dividendrendement	5.7%
Dividendgroei	n/a
Volgende betaaldatum dividend	n/a
Ex-dividenddatum	n/a
Dividend per aandeel	n/a
Uitbetalingsratio	n/a

Segment	Dividendrendement
Bedrijf (BGL)	n/a
Markt onderkant 25% (AU)	2.6%
Markt Top 25% (AU)	6.6%
Gemiddelde industrie (Metals and Mining)	3.2%
Analist prognose (BGL) (tot 3 jaar)	5.7%

Gegevens	Laatst bijgewerkt (UTC-tijd)
Bedrijfsanalyse	2026/08/05 16:32
Aandelenkoers aan het einde van de dag	2026/08/05 00:00
Inkomsten	2025/12/31
Jaarlijkse inkomsten	2025/06/30

Pakket	Gegevens	Tijdframe	Voorbeeld Amerikaanse bron ^*
Financiële gegevens bedrijf	10 jaar	Resultatenrekening Kasstroomoverzicht Balans	SEC-formulier 10-K SEC-formulier 10-Q
Consensus schattingen analisten	+3 jaar	Financiële prognoses Koersdoelen analisten	Onderzoeksrapporten van analisten Blue Matrix
Marktprijzen	30 jaar	Aandelenprijzen Dividenden, splitsingen en acties	ICE Marktgegevens SEC-formulier S-1
Eigendom	10 jaar	Top aandeelhouders Handel met voorkennis	SEC-formulier 4 SEC-formulier 13D
Beheer	10 jaar	Leiderschapsteam Raad van bestuur	SEC-formulier 10-K SEC-formulier DEF 14A
Belangrijkste ontwikkelingen	10 jaar	Bedrijfsaankondigingen	SEC-formulier 8-K

Analist	Instelling
Mollie Urquhart	Barrenjoey Markets Pty Limited
Dale Koenders	Barrenjoey Markets Pty Limited
Daniel Morgan	Barrenjoey Markets Pty Limited

Bellevue Gold Dividenden en inkoop

Dividend criteriumcontroles 0/6

Belangrijke informatie

Recente updates van dividend en inkoop

Recent updates

Price target decreased by 8.7% to AU$1.78

Price target decreased by 7.2% to AU$1.86

Bellevue Gold Starts Production at High-Grade Western Australia Mine

Barminco Picks Sandvik for Bellevue Gold Fleet as Production Target Approaches

Barminco Secures Four Year Bellevue Gold Mining Contract With A$75m Capital Required By 2027

First half 2026 earnings released: EPS: AU$0.002 (vs AU$0.01 in 1H 2025)

Bellevue Gold Limited Completes an Updated Pre-Feasibility Study and Approves the Construction of A New 120m3/hr Wet Posting Plant for Post Fill in the High-Grade Deacon and Deacon North Mining Areas At the Bellevue Gold Project

Price target increased by 8.7% to AU$1.95

Price target increased by 12% to AU$1.71

Price target increased by 11% to AU$1.62

Price target increased by 8.3% to AU$1.52

New Forecasts: Here's What Analysts Think The Future Holds For Bellevue Gold Limited (ASX:BGL)

Price target increased by 7.5% to AU$1.45

We Take A Look At Why Bellevue Gold Limited's (ASX:BGL) CEO Has Earned Their Pay Packet

Is Bellevue Gold (ASX:BGL) Using Debt In A Risky Way?

Price target increased by 8.3% to AU$1.38

Price target increased by 9.7% to AU$1.35

Price target increased by 8.3% to AU$1.23

Improved Revenues Required Before Bellevue Gold Limited (ASX:BGL) Stock's 29% Jump Looks Justified

Bellevue Gold Limited, Annual General Meeting, Nov 20, 2025

Less than half of directors are independent

Full year 2025 earnings released: AU$0.035 loss per share (vs AU$0.065 profit in FY 2024)

Consensus EPS estimates fall by 12%

Bellevue Gold Limited's (ASX:BGL) Shares Lagging The Industry But So Is The Business

Consensus EPS estimates fall by 11%

New major risk - Revenue and earnings growth

Suitors Reportedly Consider to Buy Bellevue Gold

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 40%

Price target decreased by 17% to AU$1.31

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 156.454626 million.

Bellevue Gold Limited has filed a Follow-on Equity Offering in the amount of AUD 156.454626 million.

Investor sentiment deteriorates as stock falls 16%

Bellevue Gold Limited's (ASX:BGL) Price Is Right But Growth Is Lacking

We Think That There Are Issues Underlying Bellevue Gold's (ASX:BGL) Earnings

Consensus EPS estimates fall by 20%

First half 2025 earnings released: EPS: AU$0.01 (vs AU$0.002 in 1H 2024)

Are Investors Undervaluing Bellevue Gold Limited (ASX:BGL) By 38%?

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 16%

Price target decreased by 7.3% to AU$1.66

Consensus EPS estimates fall by 11%

Investor sentiment deteriorates as stock falls 15%

Consensus EPS estimates increase by 14%

Investor sentiment improves as stock rises 15%

Bellevue Gold Limited, Annual General Meeting, Nov 21, 2024

Price target decreased by 7.0% to AU$1.80

Price target decreased by 7.1% to AU$2.02

Now 29% undervalued after recent price drop

Bellevue Gold Limited has completed a Follow-on Equity Offering in the amount of AUD 150.000001 million.

Is Bellevue Gold Limited (ASX:BGL) Trading At A 40% Discount?

Forecast breakeven date pushed back to 2025

Non-Executive Director recently sold AU$12m worth of stock

New major risk - Financial position

Price target increased by 7.4% to AU$2.07

New major risk - Financial position

Bullish: Analysts Just Made A Meaningful Upgrade To Their Bellevue Gold Limited (ASX:BGL) Forecasts

New major risk - Financial position

New minor risk - Shareholder dilution

Does Bellevue Gold (ASX:BGL) Have A Healthy Balance Sheet?

Now 20% undervalued

Is There An Opportunity With Bellevue Gold Limited's (ASX:BGL) 35% Undervaluation?

Bellevue Gold Limited, Annual General Meeting, Nov 23, 2023

Is There An Opportunity With Bellevue Gold Limited's (ASX:BGL) 31% Undervaluation?

Now 22% undervalued

Now 20% undervalued

Non-Executive Director recently bought AU$174k worth of stock

Price target increased by 8.5% to AU$1.59

Non-Executive Director recently sold AU$2.4m worth of stock

Is Bellevue Gold (ASX:BGL) Using Too Much Debt?

MD & Executive Director recently sold AU$18m worth of stock

Calculating The Fair Value Of Bellevue Gold Limited (ASX:BGL)

Bellevue Gold Limited Appoints Darren Stralow Bellevue as Managing Director, Effective 1 March 2023

Price target increased to AU$1.41

Bellevue Gold Limited Provides an Update on Recent Activities Aimed at Accelerating Development of its Bellevue Gold Project