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Bellevue Gold Ltd new high-grade results point to more resources, extended mine life and enhanced production rate

Bellevue Gold Ltd new high-grade results point to more resources, extended mine life and enhanced production rate
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Bellevue Gold Ltd weighs up overwhelming response to debt funding call for high-grade gold project

Bellevue Gold weighs up overwhelming response to debt funding call for high-grade gold project The belle of the WA Goldfields has garnered strong attention, with 12 indicative debt financing proposals already received. Twelve financiers have put their hands up to provide debt funding for the Bellevue Gold Project. Bellevue Gold’s (ASX:BGL) search for debt funding is off to a strong start with multiple financiers throwing their hat into the ring to fund the high-grade, high-margin Bellevue Gold Project in WA. So far, 12 financial suitors have submitted indicative debt financing proposals via debt advisor Orimco Pty Ltd, outlining ways they intend to fund the ASX-lister’s namesake gold play, with the response described by BGL as being overwhelmingly strong .

Bellevue Gold encouraged by response to call for debt funding proposals

Bellevue Gold encouraged by response to call for debt funding proposals
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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%.

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