Bellevue Gold (BGL) 2025 Earnings Call Presentation

Production and Growth - The company targets an increased production of 175-195 thousand ounces of gold per annum in FY27[26] - FY26 production guidance is set at 130-150 thousand ounces of gold, with an All-In Sustaining Cost (AISC) between A$2,600-2,900 per ounce[41] - FY25 saw a total gold production of 126 thousand ounces, with 130 thousand ounces sold at an AISC of A$2,422 per ounce[41] - The company has an exploration target of 1.5-2.5 million ounces of gold down plunge from known mineralization[26] Resources and Reserves - The company's global Mineral Resource stands at 3.1 million ounces of gold, comprising 6.3 million tonnes at 9.7 g/t gold for 2.0 million ounces Indicated and 4.4 million tonnes at 7.9 g/t gold for 1.1 million ounces Inferred[27] - The Probable Underground Ore Reserve is 8.48 million tonnes at 4.7 g/t gold for 1.28 million ounces, with a total Ore Reserve of 8.57 million tonnes at 4.7 g/t gold for 1.29 million ounces[115] Financial Position - As of June 30, 2025, the company had A$152 million in total liquidity, with a net cash position of A$52 million after accounting for A$100 million in bank debt[37] - The company has forward gold sales commitments totaling 152,000 ounces at an average price of A$2,843 per ounce[38] Sustainability - The Bellevue Gold Project has achieved net zero (Scope 1 and Scope 2) greenhouse gas emissions for H1 CY25[9, 112] - The company's power station has a 90 MW hybrid capacity, including 24 MW wind, 27 MW solar, 24 MW thermal, and a 15 MW/ 29 MWh Battery Energy Storage Solution (BESS)[101]