A golden reopening for Bellevue

The Bellevue gold project is located 40km northwest of Leinster in the Goldfields region of WA. The $252 million mine previously sat dormant for more than 20 years.

Bellevue Gold expects the mine to produce more than 1.8 million ounces of gold over an initial 10-year mine life and will employ about 230 workers.

Backed by a mineral resource of 3.1 million ounces at 9.9 grams per tonne, the Bellevue Gold mine is set to become one of Australia’s highest-grade gold mines.

“Congratulations to Bellevue Gold on the opening of its remarkable gold mining project, which will deliver economic benefits to the eastern Goldfields and jobs for local communities,” Michael said.

“I commend Bellevue Gold for working closely with the Tjiwarl Aboriginal Corporation to deliver mutually beneficial outcomes, and for committing to ongoing engagement.”

Bellevue Gold expects the mine to become a net-zero emission site by 2026. The company intends to have the lowest greenhouse gas intensity of any major Australian gold project, with wind and solar providing up to 80 per cent of its power requirements.

These decarbonisation efforts will allow the gold miner to market ‘green gold’, which has potential to attract a price premium.

“It is also encouraging to see the Bellevue Gold project aim for net-zero emissions as Western Australia’s resources sector will play a key role in the state’s transition to a low carbon economy,” Michael said.

“The (WA) Government remains supportive of mining and resources companies that are leading by example and embracing renewable energy solutions.”

Bellevue Gold revealed earlier this week it had produced over 13,000 ounces of gold during February and had closed out the first half of the 2023–24 financial year with $49.1 million in revenue.