Bellevue Gold has advised the market that its flagship WA gold project has begun generating early cash flow, and is on schedule for first production in the December quarter of this year.
Bellevue announced that the first ore from the Vanguard open pit has been trucked to Genesis Minerals’ Gwalia plant for processing. Bellevue previously signed a toll treating agreement with Genesis, allowing the company to process ore mined from its Vanguard pit at nearby Gwalia, in order to generate early cash flow.
Significant steps have been made in assembling the machinery and infrastructure at the company’s own Bellevue gold project. Bellevue has completed the mill and gravity circuit structural steel, as well as the conveyor structure ahead of belt installation next week.
Other significant steps include:
- Painting of the fine ore bin has commenced
- Positioning of the mill shell sections and bolting continues
- Fit-out of the mill bearing lube system has commenced
- Installation of the girth gear will start in coming days along with rotating of the mill in coming weeks
- Installation of the Knelson gravity separators, cyclone nest and screen has been completed
- Installation of various process and sump pumps has commenced in all areas
- Pulling of cables has commenced from wet plant area to mill building and reagents area.
The Bellevue gold project has a forecasted production of 200,000 ounces of gold per year at an all-in sustaining cost of $1000 to $1100 per ounce. The mine has an expected life of mine north of 10 years, and a resource estimate of 1.8 million ounces of gold.