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BGL Bullabulling

4.25
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bullabulling LSE:BGL London Ordinary Share AU000000BAB9 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 4.25 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bullabulling Share Discussion Threads

Showing 11976 to 11995 of 12000 messages
Chat Pages: 480  479  478  477  476  475  474  473  472  471  470  469  Older
DateSubjectAuthorDiscuss
18/3/2024
23:07
ASX Announcement
19 March 2024

Discovery of extremely high-grade shoot bolsters early production plan
Assays of up to 374 g/t gold show the grade of this new shoot will significantly exceed the Resource estimate in the area; Drilling also highlights potential for six more similar shoots
Key Points
• Exceptionally high-grade ore shoot defined at 1.4Moz Deacon ore body with assays significantly higher than those in the Resource estimates used for mine planning (see Figure 4)
• This shoot is similar to the high pyrrhotite ore shoots mined historically at the nearby Bellevue lode and is characterised by exceptional grade and continuity and remains open down plunge
• The recent results, which are close to true width (~80%), include:
o 10.8m @ 66.8 g/t gold o 14.0m @ 49.4 g/t gold
o 8.9m @ 71.1 g/t gold o 8.4m @ 50.1 g/t gold
o 7.5m @ 49.8 g/t gold o 9.5m @ 35.4 g/t gold
o 7.8m @ 33.7 g/t gold o 10.6m @ 24.7 g/t gold
o 8.4m @ 29.9 g/t gold o 5.6m @ 39.1 g/t gold
o 3.2m @ 59.4 g/t gold o 0.5m @ 374.0 g/t gold
o 6.9m @ 25.4 g/t gold o 2.2m @ 72.4 g/t gold
o 7.3m @ 21.1 g/t gold o 4.1m @ 35.1 g/t gold
o 4.5m @ 26.2 g/t gold
• Drilling has also highlighted potential for another six high-grade shoots in the greater Deacon Main area (see Figure 7), with recent broad-spaced high pyrrhotite drill intersections containing similar characteristics to this newly-identified shoot. Results include:
o 30.2m @ 11.33 g/t gold (including 2.7m @ 61.6g/t gold and 6.9m @ 21.5 g/t gold)
o 8.7m @ 34.4 g/t gold o 8.1m @ 16.0 g/t gold
o 4.8m @ 55.7 g/t gold o 3.6m @ 53.1 g/t gold
o 4.1m @ 24.2 g/t gold o 3.0m @ 28.0 g/t gold
• In light of these results, another underground drill rig is being mobilised to expedite Deacon Main infill drilling

Bellevue Gold Limited (Bellevue or Company) (ASX: BGL) is pleased to report that recent infill drilling at Deacon Main has delineated a major high-grade ore shoot in the near-mine schedule.
Bellevue Managing Director Darren Stralow said: “These results replicate what the Bellevue Mine was historically known for: very high-grade gold contained in short strike structures.
“With infill results significantly out-performing the Resource estimate in the area, this high-grade ore will supplement the early mine plan and ensure that we continue to see strong grade and solid production results as we ramp up to full-scale production.
“While this area has the potential to provide upside to the near-term mine plan, we’re also excited about the multiple analogous targets along the Deacon Shear which we can target with further underground drilling as drill platforms become available”.

stu31
13/3/2024
16:54
ASX Announcement 12 March 2024

Ramp-up on schedule with 13,364oz produced in February 2024
Head grade and processing throughput ensure Bellevue is on track to meet guidance of
75,000-85,000oz for June half of FY24
Key Points
• Gold production continues to ramp up; Production totalled 13,364 ounces in February 2024 at a head grade of 5.2g/t gold
• Strong processing performance across the crushing and milling circuit; Nameplate throughput achieved again in February 2024 for the third consecutive month
• Stoping grade continues to reconcile well with the modelled project assumptions
• The benefits of increased active work areas and further development levels for underground production are expected to be realised for the remainder of FY24, with stoping ore as a percentage of mill feed forecast to increase to steady-state during the June 2024 quarter
• Production guidance for the six months to 30 June 2024 is maintained at 75,000-85,000oz.
Achieving this guidance is forecast to continue to generate positive free cash flow (with cost guidance to be announced following declaration of commercial production)
Bellevue Gold Limited (Bellevue or Company) (ASX: BGL) is pleased to announce that its gold production continues to rise, underpinned by underground stoping ore and higher grades.
Bellevue Managing Director Darren Stralow said: “Our production ramp up continues to improve month on month.
“It is very pleasing to see milling nameplate throughput achieved for a third straight month as we progress towards steady state operations. This resulted in production of 13,364oz in the month of February 2024 and ensures we are well on track to meet our guidance for the six months to 30 June 2024 and generate free cash flow.
Production Update
Mining and gold production in February 2024 has continued to increase. Gold production totalled 13,364 ounces at an average head grade of 5.2 g/t gold. February’s production figure represents a 28% increase in gold production
from January 2024.

Underground development and stoping rates continues to ramp up. Mine to mill reconciliation remains on target with the Mineral Resource Estimate (MRE), with stope performance including dilution and overbreak performing to expectations. The focus remains on increasing the stoping rate to steady-state which is expected to deliver further increases in grade to the mill as the underground mining rate matches the plant throughput. The Company expects to see the benefits from the establishment of multiple mining areas and development levels for underground mining production during the remainder of the FY24. All five underground mining areas are now actively in ore development or stoping with the first stoping ore delivered from Deacon Main during the month.
Mill performance has continued to achieve or exceed the nameplate 1.0Mtpa processing rate for the third consecutive month.
The Company released guidance in January 2024 targeting production of 75,000-85,000 ounces for the six months to 30 June 2024 and remains on track to achieve this. Achieving this guidance is forecast to continue to generate positive free cash flow (with cost guidance to be announced following declaration of commercial production, which is expected to occur during the June 2024 quarter)

stu31
29/1/2024
01:03
ASX Announcement 29 January 2024

December 2023 Quarterly Report

Production ramp up proceeding well with all key metrics on track
Plant achieves nameplate run-rate of 1Mtpa in month of December 2023; Mined
tonnages and recoveries meeting forecasts
Key Points
Processing Plant
• Practical completion of the Bellevue 1Mtpa processing facility achieved; Plant commissioning completed with first gold poured on 25 October 2023
• Strong key metrics across the board, with increases in production, throughput, crushing, mill utilisation and stope tonnes since the start of commissioning (see ramp up progress graphs on page 3)
• 84,780t milled during December 2023, achieving 1Mtpa nameplate capacity in only the second full month of operation; during which the plant ran at an annualised throughput rate of 1.2Mtpa for several days
• Gold sold totalled 16,266oz1 and gold produced was 15,459oz, with 9,387oz poured during the month of December 2023; 2,246oz of gold in circuit at end of the quarter
• Excellent process recoveries of 93% across the quarter and up to 96% at various times; Recoveries increased steadily over the quarter as operating parameters were refined
• With plant commissioning completed, production guidance for the March 2024 and June 2024 quarters (2H FY24) is 75,000-85,000oz; Cost guidance will be published after commercial production is declared
• Mill feed for the December 2023 quarter was comprised of initial stoping panels combined with development ore and previously mined low grade stockpiles
• Grade is expected to increase as the mine accesses higher grade areas and the underground stoping rate improves. This mining rate is expected to increase over the course of the March 2024 quarter and matching the mining to milling rate is a key consideration for declaration of commercial production
Mining
• During the ramp up period stoping production totalled 93,925t at 4.1g/t gold; High-grade underground ore is scheduled to come from four independent mining areas in the March 2024 quarter
• Subsequent to the end of the quarter, stoping production tonnages continued to increase with more tonnes coming from the higher-grade areas of Armand, Deacon and Bellevue South
• 3D survey of stoping voids indicates excellent stope performance with minimum overbreak and dilution while achieving ore recoveries and the minimum mining width
• Surface mining activities completed with the Tribune boxcut established ready for the underground portal, allowing for the opening of the fifth independent underground mining area in FY25
• Four jumbos fully operational with 3,530m of lateral development completed during the quarter. All four independent mining areas accessed from the Paris Portal are in ore development, with stoping underway at Armand, Marceline, Deacon Main and Bellevue South Geology
• Drilling continued to target grade control in the early mine schedule; A total of 28,761m of underground drilling was completed during the quarter
Corporate
• Total liquidity of $48.5m at the end of the December 2023 quarter, after $22.3m of nonrecurring pre-production costs, and $5.5m of debt servicing
• Non-recurring pre-production costs paid for in the quarter included $7.2m for the Tribune box cut/open pit, $11.1m of construction capital and toll treatment related charges of $4.0m
• $25m Working Capital Facility drawn in December 2023 as part of short-term risk mitigation and cash flow management strategies
Renewable energy initiatives
• Thermal power station construction is well advanced and modules for the first 20MW solar farm are now on site, with installation set to be completed this quarter
• Bellevue has agreed with Zenith Energy Operations Pty Ltd to increase the solar component of the hybrid power station by a further 7MW, with that stage to be completed in Q1 FY25
• Construction of wind power generation to begin in mid-CY24 in line with the Company’s aspirational goal to achieve net-zero emissions by 2026

Bellevue Managing Director Darren Stralow said: “It was a highly successful quarter for Bellevue. We met all our key performance targets as we emerged from the pivotal commissioning phase into production ramp up.
“Our mined tonnages were in line with our forecasts and plant throughput hit nameplate capacity, and in some cases exceeded it, while recoveries were strong and rising as the quarter progressed.
“The focus is now on the move into higher-grade ore with the ramp-up of mining in four independent areas. This will result in increased production while also further de-risking the operation.
“In light of this outstanding progress, we have published production guidance of 75,000-85,000oz for the March and June quarters (2H FY24). This will in turn drive increased cashflow, further strengthening our financial position as we establish ourselves as one of the few genuine mid-tier ASX-listed gold producers”.

Cash and debt
Total liquidity of $48.5 million at the end of the December 2023 quarter. During the quarter, Bellevue utilised its $25 million working capital facility as part of risk mitigation and maintaining appropriate levels of liquidity through the ramp-up phase.
Total liquidity at the end of the quarter was after payment for $22.3m of non-recurring pre-production costs ($7.2m for the Tribune box cut/open pit, $11.1m of construction capital and toll treatment related charges of $4.0m), and $5.5m of debt servicing (including 6 months’ interest on certain tranches of drawn debt).

Hedging
As at 31 December 2023, Bellevue had committed hedging of 250,000 ounces of gold sold at an average hedge price of $2,785/oz. A further 50,000 ounces of hedging was added during the quarter, with 25,000 ounces of hedging added as part of meeting conditions precedent for utilisation of the working capital facility (weighted average price over hedge tenors of A$3,191/oz) and 25,000 ounces added over the 6 quarters to 30 June 2025 (at a flat average hedge price of $3,233/oz). The overall hedged position represents approximately 19% of total current project Reserves

stu31
03/8/2023
13:37
Exceptionally high-grade infill drilling results
underpin strength of early production profile
Drilling returns hits such as 10m at 61 g/t gold and 18m at 52 g/t gold as Bellevue
prepares for processing in the coming quarter; Reserve grade is 6 g/t gold

Key Points
• Infill drilling conducted in preparation for the start of mining has returned extremely high-grade results from the Bellevue South and the Armand Main areas. These downhole intersects include:
o 18.4m @ 52.9 g/t gold o 11.7m @ 47.9 g/t gold
o 10.2m @ 61.1 g/t gold o 4.2m @ 34.9 g/t gold
o 10.4m @ 36.9 g/t gold o 6.8m @ 21.3 g/t gold
o 4.6m @ 42.1 g/t gold o 8.1m @ 32.9 g/t gold
o 7.8m @ 21.9 g/t gold o 6.1m @ 25.4 g/t gold
o 1.9m @ 99.2 g/t gold o 4.0m @ 35.6 g/t gold
o 1.8m @ 92.2 g/t gold o 1.7m @ 64.1 g/t gold
o 7.8m @ 21.9 g/t gold o 1.7m @ 56.6 g/t gold
o 5.7m @ 36.3 g/t gold o 6.3m @ 18.7 g/t gold
• Ore development has reached the Bellevue South work area, with the first two development headings now underway and mining high-grade development ore
• Drilling has also outlined a new easterly dipping discovery outside the Resource at Armand Main with mineralisation defined over 200m of plunge with results including:
o 5.7m @ 36.3 g/t gold o 3.4m @ 29.7 g/t gold
o 2.6m @ 37.3 g/t gold o 2.5m @ 27.3 g/t gold
o 4.8m @ 13.4 g/t gold o 5.3m @ 11.3 g/t gold
• Stoping is commencing at Upper Armand with five development levels open, providing ROM material in advance of gold production
• Construction activities remain on track with all major components of the plant installed and all works on track to deliver production in the December 2023 quarter as scheduled

Bellevue Gold Limited (Bellevue or Company) (ASX:BGL) is pleased to announce that it has encountered exceptionally high-grade mineralisation while conducting infill drilling in preparation for the start of mining at its Bellevue Gold Project in WA.
The infill drilling results are well above the 6 g/t gold Reserve grade and augur very well for production at the project.

Bellevue Managing Director Darren Stralow said: “These results provide a valuable insight into what we can expect as mining ramps up. The grades are well above those in the Reserve estimation and demonstrate why we are very confident about meeting our key targets as we move into production.
“The project remains comfortably on time, with first production set for the coming quarter, and our focus is on meeting our targets and ramping up in line with our strategy”.
Underground mining opens second high-grade work area at Bellevue South
Mining progress in the Bellevue underground continues to achieve the budgeted schedule ahead of plant commissioning. At the Upper Armand work area, five development levels have been opened, and long hole stoping is commencing this week. Upper Armand will contribute a major portion of early stoping and development ore while access to the higher-grade Armand Main is established.
The second mining area, Bellevue South, has been reached, and ore driving has started from the southern decline, focusing on developing the 1115 and 1095 levels. High-grade development ore has been intersected as expected in the Resource model, with both levels encountering consistent zones of mineralisation.
The Bellevue South lode is a significant component of the production schedule for FY2024. Alongside Bellevue South; the Armand, Marceline and Deacon work areas are the other contributors to the FY2024 production schedule.
At the Deacon Main work area, development progress is close to reaching the first ore position. Grade control drilling is currently underway ahead of development. Deacon Main is expected to contribute a significant amount of highergrade development and stoping material in FY2024 once established.
The production area at Marceline has also been reached with ore headings underway. Development at Marceline is focussed on reaching the deeper and higher-grade levels of the lodes with the work area not expected to significantly contribute to the FY2024 production schedule.
The mining ramp up is proceeding according to the schedule and stoping activities will provide ROM (Run-of-Mine) material in advance of gold production, which is expected to occur in the December 2023 quarter

stu31
23/3/2023
15:54
BELLEVUE GOLD (ASX:BGL)
Since January 2017 Bellevue’s share price has gone from 2.5c to +90c per share, driven by some unbelievable drilling success at its historic WA project.

Bellevue has now defined 3.1Moz grading 10 grams per tonne (g/t) gold — making it one of the fastest and highest-grade gold (re)discoveries in the world.

The mine is currently under construction and set to enter production in the second half of 2023.

Bellevue’s Stage 1 mine would produce ~200,000oz per annum over the first five years. It would be one of the lowest cost gold mines in Australia, with an all in sustaining cost of $1,079/oz – which means massive profits at a current gold price of ~$2,600/oz.

“They are in the process of building it now, so the unanswered question will be – in this environment, will they be able to bring the mine in on time, and on budget?” Rule says.

“Given the track record of the people involved, my suspicion is the answer is yes.

“A 10g/t orebody in a $US1650 gold price environment – that’s an extremely attractive proposition.

“I suspect the all in costs will be quite low, and, I think the probability of on time, on budget completion is high.

“And if it occurs, either the market cap expands substantially, or this thing gets taken over very, very quickly.”

stu31
23/3/2023
15:04
1.1bn shares in issue. Market Cap A$1.32bn (£730m) at 120c

Cash A$44.2m (1/24) Debt A$225m

website:

The Company has a global JORC Mineral Resource of 3.1 Moz at 9.9 g/t gold, including a Probable Ore Reserve of 6.8Mt @ 6.1 g/t gold for 1.34 Moz, making it one of the highest grade gold development projects in the world. Bellevue is now advancing its dual track strategy for growth via ongoing exploration and development of the Bellevue Gold Project in WA.

​Our recent Project Update forecasts that the project will generate $2.1 billion of free cashflow (pre-tax) (assuming gold price of A$2,500/oz) over a 10 year life of mine. For the first 5 years of the operation production is forecast to average 201,000 oz per annum at an AISC of A$1000 - $1,100/oz. The projected cashflow underpins an outstanding internal rate of return of 68% (pre-tax) and a payback period of 1.4 years (post-tax).

First Gold poured 25 October 2023 on time and on budget
Commissioning now underway in the December 2023 Qtr to 1Mtpa run rate


stu31
22/7/2015
13:33
Wonder how they are getting on with Gold at a five year low
sweepie2
09/12/2014
22:22
Gold surges more than three per cent -
hxxp://www.thebull.com.au/articles/a/50800-gold-surges-more-than-three-per-cent.html

If only if only

sweepie2
17/10/2014
06:11
Hi Blik, not the best timing to go long silver, but thankfully I've enough in there to cover a silver drop to about $14.75. Have placed some mini 500 oz orders as well now as still think silver is going higher.
temujiin
15/10/2014
19:37
don't waste ur time here, check POG and get in now
mozii
15/10/2014
19:04
Tem, I hope you were not stopped out on that Silver bet. Could turn out well if it wasn't.

Markets look very nervous right now...

blik
15/9/2014
09:54
There has been a lot of speculation over the years as to the primary reasons why precious metals rise and fall, but until very recently they appeared to be being used as a hedge for a weak USD. As the USD is currently one of the go to currencies and rising, ditto the YEN -- especially against the AUD, precious metal prices (and oil) are falling.

That could continue as long as Europe is in deep economic trouble, Russia is in the naughty boys' corner, and Britain is roiled by political uncertainty of the kind we are experiencing this week.

leedskier
31/8/2014
11:39
Hi Blik, I've stuck £10k in IG and gone long silver as I feel the supply v demand outlook looks good for higher prices. I lose £3000 per $ drop and gain the same on a rise. I can't see silver going to $16.75/oz and getting a margin call, but I can see silver topping $30 over the coming years.

Gold I feel will also be on a good run again as supply v demand looks good with the East accumulating and miners struggling at current prices, but feel silver may out-perform gold.

temujiin
26/8/2014
07:11
TDW have had a nightmare with my BGL shares !! Cashing up my Aussie $ avccount when i want it left in $, closing my ISA when i have other stocks invested in it, wrong amount on cheque, still no payment on BAB shares ?

What a shower !!

xclusive2
25/8/2014
20:07
Corrientes, glad you got it sorted. :)
temujiin
22/8/2014
08:42
Temujiin -

Just as well Richard Jones intervened on my behalf. The Registrar apparently sent out a cheque a month ago, but it was 'never presented'. I find that a bit odd unless they sent it out by surface mail, which in this day and age I cannot believe.

Anyway, they'll be sending a sterling cheque directly to my bank very soon.

Thanks for your input.

corrientes
19/8/2014
20:18
I am not optimistic that the Norton Registrar will respond quickly as its been three days now, and in my experience with UK Registrars anyway, they usually act quickly.

Your input is much appreciated.I may have to use it !

corrientes
19/8/2014
20:13
Corrientes, forgot to post his email address. Good luck.

Richard Jones rjones@ nortongoldfields.com.au

temujiin
19/8/2014
18:31
I am at the point of moving my shares to another broker, total incompetence with one broker
blik
19/8/2014
17:57
Many thanks Temujyyn. I'll try him in a day or two if nothing happens. Regards.
corrientes
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