Studies are under way on maximising the potential of the project by expanding the plant beyond its current nameplate capacity.
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The indicated resource has increased from one-million ounces in the Stage 1 feasibility study to 1.4-million ounces in the Stage 2 feasibility study.This expanded inventory has enabled Bellevue to increase the planned throughput rate from 750 000 t/y to one-million tonnes a year, resulting in forecast production over the life-of-mine increasing from 151 000 oz/y in the Stage 1 feasibility study to 183 000 oz/y in the Stage 2 feasibility study.
The plant was designed to enable throughput capacity to be increased from 1-million tonnes a year to 1.2-million tonnes a year with no material capital expenditure required. To confirm this, the plant was operated at an annualised throughput rate of 1.2-million tonnes for a week during February 2024, with no material issues reported, providing confidence that this rate can be achieved on a consistent basis, the company states in a May 4 statement.
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