Argonaut acted as Co-Manager to successfully raise $26.5 million for Bellevue Gold Limited at an issue price of $0.30 per share by way of a placement (“Placement”) in 2020. The fund was used for the second phase of infill drilling and expansion at the Company’s flagship Bellevue Gold Project, 40km to the northwest of Leinster in the Goldfields region of Western Australia. The Placement was underpinned by strong support from international and domestic institutions.

Bellevue Gold Limited (ASX: BGL) is continuously expanding its high-grade gold resource with further explorations of its wholly-owned Bellevue Gold Project located in a major gold and nickel producing district in Western Australia. Bellevue Gold Limited is also involved in exploration and development projects in the Wiluna-Norseman gold belt, including the Yandal Project located 40km to the east, and the Kathleen Valley Project located in the north.