Brief: Bellevue Gold Says Signed Agreement With Subsidiary Of Genesis Mineral

Bellevue Gold

05/07/2023 24:15

July 5 (Reuters) - Bellevue Gold Ltd  BGL.AX :
    * SIGNED AN AGREEMENT WITH A SUBSIDIARY OF GENESIS MINERAL
    * TOLL TREATING AGREEMENT WILL SEE VANGUARD ORE PROCESSED AT
GENESIS'S GWALIA PROCESSING FACILITY
    * UNDER AGREEMENT GENESIS WILL PROCESS MATERIAL FROM
BELLEVUE GOLD
MINE, PREDOMINANTLY FROM VANGUARD OPEN PIT
    * AGREEMENT WILL ENABLE BELLEVUE TO GENERATE EARLY CASH FLOW
IN
SEPTEMBER 2023 QUARTER
    * TRUCKING AND TOLL TREATING IS EXPECTED TO BE COMPLETED IN
SEPTEMBER 2023 QUARTER
    * 100,000T OF ORE, WITH AVERAGE GRADE OF 3G/T GOLD, PLANNED
TO BE
PROCESSED AS PART OF THIS AGREEMENT
    * CONSTRUCTION OF BELLEVUE PROCESSING FACILITY CONTINUES ON
SCHEDULE AND ON BUDGET
    * BELLEVUE PROCESSING PLANT EXPECTED TO BE READY FOR
COMMISSIONING
WITH UNDERGROUND ORE IN DECEMBER 2023 QUARTER

Source text for Eikon:  ID:nASX3tyJhK 
Further company coverage:  BGL.AX 

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