Bellevue Gold Ltd (ASX:BGL) (OTCMKTS:BELGF) keeps ticking important boxes as it prepares for an expanded feasibility study on the back of its latest achievement – an increase in resources to 3 million ounces at 9.9 g/t.
Strong growth in the mining inventory, which is up 25% since the stage-1 feasibility study in February, endorses Bellevue’s proposal to increase the production rate via expanding throughput by 33% to 1 million tonnes per annum for minimal capital cost.
The company’s indicated resource of 1.4 million ounces at 11 g/t is also up from 1 million ounces at the time of the study.
Back in August 2018, a maiden resource of 500,000 ounces was announced – since then, it has continued to grow at a compound annual growth rate of 84%.