Bellevue Gold has released its September 2023 quarter report, where the company revealed its processing facility was achieved on time and on budget.
Other highlights at Bellevue’s processing plant includes higher-grade stoping activities beginning to ramp up and the first gold being poured at its Bellevue gold project last week.
A significant stockpile is also on hand, comprising of approximately 115,000 tonnes (t) of underground ore that is ready for processing, as part of the project’s commissioning phase. An additional 85,000t of open pit material is also available for processing.
Start of production means Bellevue is expected to be cash flow-neutral throughout the December 2023 quarter.
“To build this project on time and budget has been a major achievement, particularly given the skills shortage and inflationary environment we have endured,” Bellevue Gold managing director Darren Stralow said.
“With production and cash flow now underway, our focus moves to ramping up mining and processing towards nameplate rates, driving increases in cash flow. We are in a very strong position with liquidity of more than $80 million at the end of the quarter.”
Mining highlights include surface mining at the Vanguard pit concluding, allowing for the commencement of tailings disposal. Surface mining is set to continue by establishing the Tribune boxcut.
A total of 35,715m of underground drilling was also completed, which consisted of grade control drilling ahead of the project’s mine development.
The drilling included the first grade control results from the high grade mining areas at Deacon Main, Armand Main and Bellevue South.
The company said the drilling results from these three areas de-risks the Bellevue gold project’s mine schedule.
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