Bellevue Gold up on strong progress at namesake Leinster project

Shares in Bellevue Gold were higher after the aspiring gold miner said its namesake $252 million project near Leinster remained on time and budget with record development rates last month (reports The West Australian).

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The company also revealed it had engaged Murray & Roberts subsidiary RUC for a raisebore contract, worth $15.8m over 28 months.

The scope of the work includes the establishment of ventrises, return air rises and underground escapeways.

Bellevue said the recent award meant about 90 per cent of pre-production expenditure for the mine had been contracted.

Bill Beament’s Develop Global achieved record monthly underground development rates at Bellevue in August of 363m.

Bellevue managing director Steve Parsons said the rates provided further evidence that the company was on track to be the next major ASX gold producer with low operating costs and a 10-year-plus mine life.

The announcement comes ahead of a presentation by Bellevue’s chief executive Darren Stralow at this week’s Precious Metals Summit in Beaver Creek, Colorado.

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