Exploration Update and Annual Resource & Reserve Statement

Key points

• Exploration budget increased to $25-30M for FY27
• New high-grade mineralisation discovered at Deacon North
• Transition to Barminco mining contractor delayed production
• Updated Mineral Resource: 2.7Moz at 8.6g/t gold
• Updated Ore Reserve: 1.0Moz at 4.5g/t gold

Full summary

Bellevue Gold Ltd (ASX: BGL) announced an exploration update and the annual Resource and Reserve statement for its Bellevue Gold Project in Western Australia. Key highlights include an increase in the annual exploration budget to $25-30 million for FY27, the discovery of new high-grade mineralisation at Deacon North, and a transition to Barminco as the mining contractor which caused a delay in production. The updated Mineral Resource stands at 2.7 million ounces at 8.6 grams per tonne gold, while the Ore Reserve is 1.0 million ounces at 4.5 grams per tonne gold.

Guidance

FY27 production guidance unchanged, benefiting from all five mining areas

Outlook

Exploration efforts will focus on extending known orebodies and identifying new mining areas to support future production growth.