Bellevue Gold secures additional funding

Bellevue Gold Limited (ASX: $BGL) has secured an additional $25 million debt facility from Macquarie Bank Limited. This Facility is separate to the existing $200 million Project Loan Facility and contains terms and conditions similar to the existing facility. The additional funding was fully drawn during the December 2023 quarter, further strengthening the company's financial position.

Executive commentary on funding and financial position

The additional $25 million debt facility provides us with the necessary financial resources to support the ongoing development, construction, and operation of the Bellevue Gold Project. We are pleased with the continued support from Macquarie Bank Limited, which reflects their confidence in the potential of our project. This funding will enable us to meet our operational and working capital requirements, as well as associated costs, ensuring the smooth progress of our activities.

Summary of funding and outlook

Bellevue Gold Limited (ASX: $BGL) has successfully secured an additional $25 million debt facility from Macquarie Bank Limited, separate to the existing $200 million Project Loan Facility. The terms and conditions of the new Facility are similar to the existing facility, providing the company with the necessary financial support for the development, construction, and operation of the Bellevue Gold Project. The additional funding, fully drawn during the December 2023 quarter, enhances the company's liquidity and financial flexibility. This positions Bellevue Gold well to continue its operations and meet its business objectives, ensuring the smooth progress of its activities in the foreseeable future.