Post by Bellevue Gold

We have completed an updated pre-feasibility study and approved the construction of a new 120m3/hr wet paste plant for paste fill in the high-grade Deacon and Deacon North mining areas at our Bellevue Gold Project. Construction will commence in FY26 with completion estimated by mid FY27, with paste filling to commence immediately thereafter. Paste fill provides long term value, greater production consistency, and increased safety. A wet paste plant involves taking tailings directly from the processing plant tailings thickener discharge, dewatering them via a filter and then mixing the tailings with binder (cement) before depositing the resulting paste into the underground voids. The estimated capital cost of construction of the paste plant is $35-40 million (including 10% contingency) to be spent during CY26 and will be funded from operational cash flows. Construction of the paste plant will not impact FY26 production or AISC guidance. FY26 growth capital expenditure, previously guided at $80-$90 million, is now revised to $105-$115 million to account for the portion of paste plant construction expenditure scheduled for FY26. Formal FY27 guidance, including production, AISC and growth capital guidance will be provided early in FY27. Read more: https://loom.ly/q1xUL4I