BGL: Quarterly Activities Report
Original announcement by asx on
- Company
- Bellevue Gold Limited
- Ticker
- BGL
- Exchange
- ASX
- Region
- Western Australia
- Primary commodity
- Gold
- Secondary commodities
- None reported
- Document categories
- Production, Drill results, Resource update, Metallurgy
- Extracted
- 2026-10-19 22:44:39 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
Bellevue Gold Limited reported lower gold production and higher all-in sustaining costs for the September 2026 quarter, primarily due to a slower-than-expected ramp-up by a new mining contractor. Despite this, the company maintained its FY27 production and cost guidance, expecting deferred production to be recovered in subsequent quarters. The quarter also saw high-grade infill drill results at Deacon North, continued reduction of the hedge book, and an increase in cash and gold on hand.
Reasoning: The quarterly report presents mixed results with lower production and higher costs due to a contractor transition, but maintains full-year guidance and shows strong high-grade drill results. The hedge book reduction is a significant positive financial de-risking event. Resource and reserve updates are noted but are not new information in this release.
Positive factors
- High-grade infill drill intercepts at Deacon North, confirming continuity and supporting mine planning.
- Consistent mined grades quarter-on-quarter, indicating stable orebody performance.
- Hedge book reduction ahead of schedule, targeting full extinguishment in FY27, which is expected to increase free cash flow.
- Increased cash and gold on hand to $213 million.
- FY27 production and cost guidance maintained despite initial contractor ramp-up issues.
- Bellevue Gold Project chosen to supply gold for St Paul's Cathedral, highlighting sustainability and traceability.
- Awarded Golden Gecko Award for Environmental Excellence.
Negative factors
- Lower quarterly gold production (35,585 oz) compared to the previous quarter (41,643 oz).
- Higher project all-in sustaining cost (A$3,096/oz) compared to the previous quarter (A$2,604/oz).
- Slower than expected ramp-up by the new mining contractor impacting production.
- Metallurgical recovery slightly lower (94.9%) quarter-on-quarter due to inconsistent ore feed.
- Resource and Reserve updates are restatements of previously announced figures, offering low novelty in this document.
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 17
Extracted facts
Stored fact records: 12. Some facts used in scoring do not have a stored record.
Drill Results (8)
Fact 1Bellevue · goldGrade: 62.1Grade Unit: g/tIntercept: 9.3 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 62.1
- Grade Unit
- g/t
- Intercept
- 9.3 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept represents an exceptional high-grade result over a significant width, confirming the continuity of mineralisation at Deacon North and supporting mine planning.
Positive factors
- Exceptional gold grade for an underground deposit.
- Strong intercept length, contributing to significant contained metal.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“9.3m @ 62.1g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 62.1 g/t gold over 9.3m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“9.3m @ 62.1g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (9.3m) with no true width or drill orientation disclosed.
Evidence · text
“9.3m @ 62.1g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 2Bellevue · goldGrade: 31Grade Unit: g/tIntercept: 8.9 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 31
- Grade Unit
- g/t
- Intercept
- 8.9 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept shows an exceptional high-grade result over a strong width, confirming the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Strong intercept length, contributing to significant contained metal.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“8.9m @ 31.0g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 31.0 g/t gold over 8.9m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“8.9m @ 31.0g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (8.9m) with no true width or drill orientation disclosed.
Evidence · text
“8.9m @ 31.0g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 3Bellevue · goldGrade: 50.3Grade Unit: g/tIntercept: 4.6 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 50.3
- Grade Unit
- g/t
- Intercept
- 4.6 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept delivers an exceptional high-grade result over a moderate width, supporting the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Moderate intercept length.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“4.6m @ 50.3g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 50.3 g/t gold over 4.6m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“4.6m @ 50.3g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (4.6m) with no true width or drill orientation disclosed.
Evidence · text
“4.6m @ 50.3g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 4Bellevue · goldGrade: 32.1Grade Unit: g/tIntercept: 5.2 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 32.1
- Grade Unit
- g/t
- Intercept
- 5.2 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept provides an exceptional high-grade result over a moderate width, confirming the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Moderate intercept length.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“5.2m @ 32.1g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 32.1 g/t gold over 5.2m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“5.2m @ 32.1g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (5.2m) with no true width or drill orientation disclosed.
Evidence · text
“5.2m @ 32.1g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 5Bellevue · goldGrade: 23.5Grade Unit: g/tIntercept: 6.7 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 23.5
- Grade Unit
- g/t
- Intercept
- 6.7 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept shows an exceptional high-grade result over a moderate width, confirming the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Moderate intercept length.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“6.7m @ 23.5g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 23.5 g/t gold over 6.7m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“6.7m @ 23.5g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (6.7m) with no true width or drill orientation disclosed.
Evidence · text
“6.7m @ 23.5g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 6Bellevue · goldGrade: 27.4Grade Unit: g/tIntercept: 5.1 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 27.4
- Grade Unit
- g/t
- Intercept
- 5.1 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept delivers an exceptional high-grade result over a moderate width, supporting the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Moderate intercept length.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“5.1m @ 27.4g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 27.4 g/t gold over 5.1m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“5.1m @ 27.4g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (5.1m) with no true width or drill orientation disclosed.
Evidence · text
“5.1m @ 27.4g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 7Bellevue · goldGrade: 20Grade Unit: g/tIntercept: 6.4 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 20
- Grade Unit
- g/t
- Intercept
- 6.4 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept provides an exceptional high-grade result over a moderate width, confirming the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Moderate intercept length.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“6.4m @ 20.0g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 20.0 g/t gold over 6.4m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“6.4m @ 20.0g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (6.4m) with no true width or drill orientation disclosed.
Evidence · text
“6.4m @ 20.0g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Fact 8Bellevue · goldGrade: 21.9Grade Unit: g/tIntercept: 5.3 mNeeds review: drill_no_hole_idView all detailsHide details
Identity
- Project
- Bellevue
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- australia_wa
- Ticker
- BGL
Geometry
- Grade
- 21.9
- Grade Unit
- g/t
- Intercept
- 5.3 m
Classification
- Deposit Type
- orogenic
- Program
- resource
- Sample Type
- drill
- Mining Method
- underground
Location
- Location
- Deacon North
- Loc. Source
- document
Review
- Needs Review
- Yes
- Review Reason
- drill_no_hole_id
- Interp. Status
- scored
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This intercept delivers an exceptional high-grade result over a moderate width, supporting the continuity of mineralisation at Deacon North.
Positive factors
- Exceptional gold grade for an underground deposit.
- Moderate intercept length.
- Infill drilling confirms continuity of high-grade mineralisation.
Negative factors
- Apparent width only, true width not disclosed.
- No specific QA/QC disclosure for this intercept in the document.
Evidence · text
“5.3m @ 21.9g/t gold”
Tags used in scoring
Infill Drillingneutral
Confirmatory drilling to raise resource confidence, not new discovery.
Why it applies: The drilling is described as 'infill drilling at Deacon North' to confirm continuity.
Evidence · text
“Infill drilling at Deacon North has defined new high-grade plunging shoots of mineralisation”
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
Nearology Playneutral
Value premise rests on proximity to a known deposit rather than own results.
Why it applies: proximity is offered as the value premise: "FY27 Mineral Resource and Ore Reserve Statement An updated indicated and inferred Mineral Resource for the Bellevue Gold"
Rejected tags
Rejected tags — excluded from scoring because their label or evidence could not be verified.
Bonanza InterceptRejected · positive
Exceptionally high-grade zone, well above the deposit-type norm.
Reason: 21.9 g/t gold over 5.3m is an exceptionally high-grade result for an underground gold deposit, significantly exceeding the 'exceptional' threshold of 15 g/t Au.
Evidence · text
“5.3m @ 21.9g/t gold”
Apparent Width OnlyRejected · negative
Interval given as downhole width with no true width or drill orientation — apparent width may overstate true thickness.
Reason: The interval is given as downhole width (5.3m) with no true width or drill orientation disclosed.
Evidence · text
“5.3m @ 21.9g/t gold”
No QA/QC DisclosureRejected · negative
Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document.
Reason: The release does not disclose QA/QC procedures for these specific drill results.
Evidence · text
“Recent Deacon North results include”
Resource Estimates (3)
indicatedBellevue Gold Project · goldTonnes: 5500000Grade: 9.3Grade Unit: g/tContained Metal: 1.6Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Bellevue Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BGL
Resource scope
- Estimate type
- resource
- Resource group id
- resource:321c5e068d38b53696f9
Resource Data
- Category
- indicated
- Tonnes
- 5500000
- Grade
- 9.3
- Grade Unit
- g/t
- Contained Metal
- 1.6
- Contained Unit
- moz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-21T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The indicated resource is high-grade and material, but its inclusion in this report is a restatement of prior information, reducing its novelty.
Positive factors
- High-grade indicated resource.
- Cut-off grade is disclosed.
Negative factors
- This is a restatement of a previously announced resource, offering low novelty in this document.
Evidence · text
“5.5Mt at 9.3g/t gold for 1.6Moz gold Indicated”
Tags used in scoring
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
inferredBellevue Gold Project · goldTonnes: 4300000Grade: 7.8Grade Unit: g/tContained Metal: 1.1Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Bellevue Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BGL
Resource scope
- Estimate type
- resource
- Resource group id
- resource:679d5b284eaab997ca13
Resource Data
- Category
- inferred
- Tonnes
- 4300000
- Grade
- 7.8
- Grade Unit
- g/t
- Contained Metal
- 1.1
- Contained Unit
- moz
- Cutoff Grade
- 2.5
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
- Historical Source Date
- 2026-09-21T00:00:00.000Z
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The inferred resource is high-grade but represents a lower confidence category and is a restatement of prior information.
Positive factors
- High-grade inferred resource.
- Cut-off grade is disclosed.
Negative factors
- This is a restatement of a previously announced resource, offering low novelty in this document.
- Inferred category represents lower geological confidence.
Evidence · text
“4.3Mt at 7.8g/t gold for 1.1Moz gold Inferred”
Tags used in scoring
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
probableBellevue Gold Project · goldTonnes: 6800000Grade: 4.5Grade Unit: g/tContained Metal: 1Contained Unit: mozHistorical resultNeeds review: historical_restatementView all detailsHide details
Identity
- Project
- Bellevue Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BGL
Resource scope
- Estimate type
- reserve
- Reporting standards
- jorc
- Resource group id
- resource:0a81b4d8f8c198be5023
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- probable
- Tonnes
- 6800000
- Grade
- 4.5
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- moz
Prior Estimate
- Resource Date
- 2026-03-01
Review
- Needs Review
- Yes
- Review Reason
- historical_restatement
- Historical
- Yes
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The probable ore reserve is a material figure indicating economic viability, but its inclusion in this report is a restatement of prior information.
Positive factors
- Probable Ore Reserve indicates economic viability.
Negative factors
- This is a restatement of a previously announced reserve, offering low novelty in this document.
Evidence · text
“Total Project Ore Reserves have been updated to 6.8Mt at 4.5g/t gold for 1.0Moz gold”
Tags used in scoring
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No QP/CP Disclosurenegative
No Qualified Person or Competent Person named — lower credibility for the estimate. A QP/CP should be a member of a recognized professional association with relevant experience.
Why it applies: no Qualified or Competent Person is named anywhere in the release
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: the release compares against a previous estimate
Metallurgical Results (1)
Fact 1Bellevue Gold Project · goldRecovery: 94.9 %View all detailsHide details
Identity
- Project
- Bellevue Gold Project
- Commodity
- gold
- Region
- australia_wa
- Reported Region
- Western Australia
- Ticker
- BGL
Test Work
- Program Status
- detailed
- Processing Route
- mill
Recovery
- Recovery
- 94.9 %
- Recovery Basis
- actual_test
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Metallurgical recovery remained high for the quarter, although it was slightly lower than the previous quarter due to inconsistent ore feed, which is expected to improve.
Positive factors
- High metallurgical recovery for a mill processing route.
Negative factors
- Recovery was slightly lower quarter-on-quarter.
- Inconsistent ore feed impacted recovery.
Evidence · text
“Metallurgical recovery averaged 94.9% for the Quarter”
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.