Bellevue gold project, Australia
Name of the Project
Bellevue gold project.
Location
Western Australia.
Project Owner/s
Bellevue Gold.
Project Description
The Bellevue project is expected to be ranked among Australia’s top 25 gold mines, based on production.
It has a maiden probable ore reserve of 2.7-million tonnes at 8 g/t gold for 690 000 oz of gold.
Average production of 160 000 oz/y is expected in years 1 to 5, with a life-of-mine average of 151 000 oz/y over 7.4 years.
The on-site conventional gravity and carbon-in-leach processing facility will have a nameplate capacity of 750 000 t/y, which has been designed to be readily expandable.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
The project has a pretax net present value, at a 5% discount, of A$900-million and internal rate of return of 58%, with a rapid payback period of 1.4 years.
Capital Expenditure
The project will require an investment of A$255-million.
Planned Start/End Date
Not stated.
Latest Developments
Underground rehabilitation and development is advancing well, with more than 1 000m of development completed to date.
Front-end engineering and design is scheduled to start in the June quarter of 2021 and early site works are scheduled for September.
A feasibility study upgrade is scheduled for the June quarter of 2021 and is designed to identify immediate growth opportunities, incorporating the latest discoveries and additional mineralisation.
Key Contracts, Suppliers and Consultants
Entech (feasibility study).
Contact Details for Project Information
Bellevue Gold, tel +61 8 6373 9000 or email admin@bellevuegold.com.
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