Bellevue Gold Schedules First Gold Pour from Western Australia Gold Mine

SEATTLE (Scrap Monster): Australia-based Bellevue Gold announced that it has completed stage one feasibility study for its gold project in Western Australia. It expects to pour first gold from the mine by end-2022.

According to company news release, the project is designed to have a nameplate capacity of 750,000 tonnes per year. The initial mine life is estimated to be 7.4 years, during which the company aims to produce 160,000 ounces of gold. It aims to generate an annual pre-tax free cash flow of A$190 million over seven years of commercial production.

The feasibility study foresees the mine as one of the most profitable gold mines in the country. Also, Bellevue is forecast to have one of the lowest carbon footprints per ounce of production in the entire Australian gold industry.

The debt funding process for the mine is under progress. Bellevue has already received preliminary expressions of interest from banks as well as debt providers.

Meantime, a stage two study is on track for completion in June. This will incorporate the findings of the latest discoveries.

Steve Parsons, Managing Director, Bellevue noted that the feasibility study has shown that the project has met all the key investment criteria from both a financial and technical perspective. The independent study demonstrates the exceptional strength of the project, he added.

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