• Recent high-grade drilling results continue to reinforce the Company's outlook for increasing grades through FY26 and FY27
• Grade control drilling substantially ahead of production, providing confidence in the mine plan
• Exploration to recommence in FY26 to test near-mine targets

Bellevue Gold Ltd (ASX: BGL) is pleased to provide the latest grade control drilling results which support the Company's FY26 production guidance. The strong results point to increasing grades in line with guidance, with grade control drilling substantially ahead of production. The Company expects to receive the laboratory analytical results of the recent core sample from DDUG3564 in the December 2025 quarter. Operations are now well set up for increasing production through FY26 as the mining sequence progressively moves to higher-grade stoping areas in the Deacon, Viago and (later in the year) Deacon North mining areas. Bellevue remains well positioned to deliver FY26 production guidance of 130-150koz. The advancement of the underground mine development during the September 2025 quarter enabled the establishment of new drill platforms, allowing grade-control drilling to progress well ahead of mining fronts. Grade control is now up to nine months ahead of production in most mining areas, with five underground rigs currently operating. The Company is targeting being 12-18 months ahead of production by the end of FY26, providing the best platform to support mine planning and design. Reconciliation between production and grade-control drilling remains strong. New high-grade results across all mining areas are reported. Deacon North is scheduled to deliver first ore in late FY26 and represents the largest high-grade mining area within the Bellevue Gold Project. With the mine now mostly ramped up and grade control well advanced, Bellevue will be in a position to recommence evaluating exploration and resource development drilling from the underground drilling platforms later in FY26 and in FY27.

Bellevue remains well positioned to deliver FY26 production guidance of 130-150koz.

With the mine now mostly ramped up and grade control well advanced, Bellevue will be in a position to recommence evaluating exploration and resource development drilling from the underground drilling platforms later in FY26 and in FY27.