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Bellevue Gold Ltd s latest high-grade results point to further growth beyond stage-2 feasibility study

Bellevue Gold Ltd s latest high-grade results point to further growth beyond stage-2 feasibility study
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Bellevue Gold Ltd keeps ticking boxes as it lifts gold resources, de-risks project and prepares expanded feasibility study

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%.

Bellevue Gold Ltd lifts gold resource to 3 million ounces at 9 9 g/t, set for expanded feasibility study

Bellevue Gold lifts gold resource to 3 million ounces at 9.9 g/t, set for expanded feasibility study The total resource has increased by 25% since Bellevue’s Stage 1 Feasibility Study in February 2021, while the indicated resource has grown by 34% in the same period. The increased inventory will underpin the Stage 2 Feasibility Study scheduled for release later this quarter. Bellevue Gold Ltd (ASX:BGL) (OTCMKTS:BELGF) has expanded total resources to 3 million ounces at 9.9 g/t, further enhancing the already strong viability of its namesake project in Western Australia. This 11% increase also bolsters the company’s strategy to increase its forecast annual production rate at Bellevue Gold Project.

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