Denver Gold GroupIndependent since 1989

Mining Forum Americas 2026 · Company presentation

Bellavista Resources

Presented by Peter Canterbury, Finance Director

Moderator: Eric Winmill, Director, Mining Equity Research, Scotiabank

Wednesday, 30 September 2026, 11:00 MDT · Bartolin: Stage 3

  • TickerASX:BVR
  • Market cap$61M
  • 1-year return23.08%
  • StageExplorer
  • Primary metalGold
  • Primary countryCanada

In brief

Peter Canterbury, CEO of Bella Vista Resources, presents an investment overview at the Denver Gold Group Mining Forum. The presentation focuses on the company's core asset, the Pickle Crow gold project in Ontario, Canada, highlighting its high-grade near-surface resource, established infrastructure, and ongoing 15,000-meter drilling campaign. The discussion underscores the company's Tier 1 jurisdiction strategy, corporate structure, and the exploration upside across both their Ontario and Australian project portfolios for institutional and professional investors.

Key moments

  1. Bellavista corporate snapshot: A$86 million market cap, A$30 million cash

    “We have a market cap of $86 million dollars. We have cash at the 30th of June of $30 million. We have great institutional investors, the big Regal partners out of Australia.”

    Cash covers roughly a third of market value, supporting the claim the company is well-funded for its drilling campaign, with notable institutional holders and 11% insider ownership.

  2. Pickle Crow holds one million ounces at 4.1 g/t in top 260 metres

    “In the top two hundred and sixty meters, you have one million ounces at four point one gram per tonne. That's an inferred, not pit-constrained resource. So, and then the next three hundred meters has another million ounces at four point seven gram per tonne.”

    A shallow, high-grade inferred ounce base underpins the open-pit thesis and a potential near-term development path.

  3. Historical mining plus resource exceeds four million ounces at Pickle Crow

    “Historically, there was one point five million ounces taken at sixteen gram per tonne between nineteen thirty-five and nineteen sixty-five... So between the resource and the what's already mined, it's over four million ounces.”

    Past production of 1.5 million ounces at 16 g/t demonstrates the deposit's endowment and de-risks the geological story.

  4. Overlooked banded iron formation targeted with 15,000-metre drill program

    “The historical mining only focused on quartz vein, and at high cutoff grades. We're gonna now drill fifteen thousand meters to look at the banded iron formation, and there's quartz veining going through that banded iron formation.”

    Historical miners focused only on high-grade quartz veins, leaving bulk-tonnage BIF mineralization largely unassayed and a potential source of new ounces.

  5. CEO says Pickle Crow would already be mined if in Western Australia

    “The saying is if this was probably sitting in West Australia, it'd probably have already been mined because of that high grade that sits it there, which is exceptional.”

    Frames the asset as undervalued relative to grade, and notes the 2023 resource used a much lower gold price than today.

  6. Brumby critical minerals project to be advanced then likely partnered

    “Eventually we're likely to define the mineral resource and the processing technology and then we'd probably look for a partner. So it really won't take away from our major focus area which is the Pickle Crow asset.”

    Clarifies capital allocation: the low-spend Australian project will not distract from the Pickle Crow priority.

  7. Permitting has improved but work remains; resource definition comes first

    “The permitting, you know, we understand, it's improved. But we still need to work through that. Our focus is the first part of this is defining the resource to support a development.”

    A candid view that permitting is still to be worked through, with near-term focus on building a resource to support development.

Portrait of Peter Canterbury

Presenter

Peter Canterbury

Finance Director, Bellavista Resources

Mr Canterbury is a seasoned mining executive with extensive experience across the full lifecycle of resources projects from discovery through to operations both in Australia and globally. Peter was the CFO at De Grey Mining from February 2021 until its takeover by Northern Star in May 2025. During that time he was integral to the development of the Hemi project including funding of the Company consisting of A$1.2B of equity and credit approved A$1.1B of Project Debt.

His previous roles include being CFO at Sundance Resources for six years until 2013. During his time at Sundance, he was also Acting Chief Executive in the recovery of the company following the tragic plane crash which killed the Company’s entire Board and Chief Executive. He was Chief Executive of Bauxite Resources from 2013 until 2016 and Managing Director of Triton Minerals from 2016 to 2021. He is currently an Independent Non-executive Director of Unico Silver (ASX: USL).

About Bellavista Resources

Bellavista Resources Ltd (ASX:BVR , OTCQX:BVRXF ) is an Australian exploration company focused on advancing the high-grade Pickle Crow Gold Project in Ontario, Canada. The Company is systematically exploring and expanding known mineralisation at Pickle Crow, with the objective of increasing the current resource s and making new discoveries . Bellavista also holds the Brumby Project in Western Australia, providing additional exploration upside within a prospective mineral

province. Through disciplined exploration and a focus on high-quality assets, Bellavista aims to deliver long-term value for shareholders.

Transcript2500 words, automatically generated

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Uh, thanks. And, uh, thanks for the, uh, Denver Gold Group for putting on this wonderful, uh, uh, conference. So this is the first time Bella Vista's, uh, presented, uh, here, and, um, it's been exciting, uh, six months, um, since we... Well, we only took, uh, uh, ac- uh, control of the, um, Pickle Crow asset, uh, late April. Um, and now drilling's underway. We have, uh, we're well-funded and have, uh, uh, a, a couple projects both in, uh, Tier 1, uh, Tier 1 assets in Tier 1 jurisdictions. Normal disclaimer required by our, uh, exchange. Uh, so what Bella Vista provides to, uh, investors is that this is a, you know, an e- excellent in- investment, uh, entry point. Uh, we have two project areas. Um, we have in Ontario, Canada, where we have the Pickle Crow asset, um, and, uh, which is, uh, a 2.8 million ounce, um, uh, resource, uh, at 7.2 gram per ton. Um, and w- I'll go further about what we're doing now, but we've got a 15,000-meter drilling, uh, campaign, uh, underway. We also have a, uh, s- a project at Sioux Lookout, um, which is in the Wabigoon, uh, province. Um, and, um, we have, uh, in Pilbara, Australia, we have the, uh, Brumby project, which is a large-scale polymetallic, uh, base metals and critical minerals project. The corporate summary. Uh, look, we, we're, we've got a... And these are all in Australian dollars. We have a market, uh, cap of $86 million, uh, dollars. Uh, this, um, uh, we have, um, cash at the 30th of June of, uh, $30 million. Uh, we have great, uh, institutional investors, the big Regal partners out of Australia. Um, Steve Parsons, who's one of the founders of this, uh, and Franklin, uh, Resources, all substantial shareholders. Uh, directors, uh, management, and consultants own 11% of the, the company. Um, but we're well-funded, uh, and, um, we're, um, uh, very focused on, on, uh, progressing the Pickle Crow project. Experience board, uh, which is, you know, fantastic experience in, in both, uh, project discovery, development, and taking projects all the way from, um, discovery into, uh, operations. Glen and myself worked at, uh, De Grey together, uh, and we were attracted with, by, uh, the Pickle Crow project because of its, uh, exception, uh, exceptional, uh, opportunity here to, to find a major resource. Ontario gold projects. They're, um, it's a Tier 1 lo- location. Uh, it's in the Superior Craton. It has the same geology as the Yilgarn and Pilbara Cratons in West Australia. Um, and there's, uh, major operations there, um, and we sit in a very, uh, favorable area, uh, within the Uchi Subprovince, um, uh, within that area. Going to both the Uchi and the Wabigoon go- uh, Subprovinces. So Pickle Crow, uh, sits in the eastern, uh, uh, side o- of the Uchi Subprovince, which has, uh, in excess of 40 million ounces of, uh, of gold, um, uh, discovered. Uh, to the west, you have, um, Red Lake, um, owned by Evolution. Uh, Kinross, who has, uh, Dixie Lake. Um, and you have, uh, Springpole, which, uh, First Mining has, um, just to the, uh, slight east to there. Uh, above us, you have Equinox Gold with, um, uh, Musselwhite. Um, and then really we occupy the, um, uh, you know, the 2.8 million ounce, um, resource sitting in the eastern, uh, side of this and, uh, an opportunity to, to, uh, define a camp-scale, um, uh, project. You know, our view is if we d- do this development, it will capture the h- uh, entire eastern, um, Uchi Subprovince. In regard to, uh, Sioux Lookout, that's a really early-stage, uh, project. Um, but it sits, uh, right next to Ga- the Goliath, uh, project owned by, uh, uh, NexGold. Um, and, and so we're in the right address, um, in a, in a great jurisdiction, uh, uh, for mining. In terms of infrastructure, very lucky. Uh, we, uh, Pickle Crow, uh, is about 12 kilometers from Pickle Lake. Um, it's a fully serviced town. Has year-round access. Uh, you have, uh, road access to, uh, Thunder Bay. Um, and, uh, and it all, goes all the way up to, uh, Musselwhite. There's flights, regular flights there, um, uh, through Thunder Bay, um, and, and back into Toronto. Um, and Thunder Bay itself is a major regional mining, uh, hub, uh, with transportation. We also have, um, two, uh, power lines running through, uh, the area, so, uh, good, good power, hydro-generated power, um, and two major substations, uh, at, uh, Pickle Lake. Uh, we inherited the, the, um, infrastructure there that has a fif- 50-person camp, um, with power, water, sat- sat communications. Uh, and there is a historical, um, uh, a thousand, uh, 100,000 ton processing plant So what the opportunity here is really the high-grade, um, near-surface potential. Uh, so this, this projection here shows you the twenty twenty-three mineral resource estimate, um, wireframes. This was done by Orteco, who's, who's now Firefly, um, and they stopped drilling, uh, um, uh, in, in twenty-- early twenty twenty-three and had that, uh, resource, uh, defined. But in the top two hundred and sixty meters, you have one million ounces, uh, at four point one gram per tonne. That's an in-inferred, not pit, uh, pit-constrained resource. So, and then the next three hundred meters has another million ounces at four point seven gram per tonne. And if you notice on the right-hand side there, that'll show you the amount of drilling that's, uh, happened there. So as it progressively goes down, there's a lot less drilling that's happened. Orteco, uh, drilled a hundred and sixty, uh, uh, meters o-over, um, about two and a half years at, at this project. Um, and, and, uh, all the, uh, estimates, the last-- the two million near-surface, uh, estimates came from the-- that drilling. So what we have here is a multi-million-ounce, uh, you know, resource. It's near surface, um, and, uh, you know, and, uh, and, a-and the BIF, uh, but it has simple metal-metallurgy. This-- Historically, there was one point, uh, five million ounces taken at sixteen gram per tonne between nineteen thirty-five and nineteen sixty-five, uh, and that was in deep. So it, it, it shows that it's a very, uh, richly endowed, um, um, deposit here. So between the resource and the-- what's already mined, it's over four million ounces. Um, and, uh, and that's only within a very small area of the, the project. The opportunity here is to do an open pit. Um, uh, uh, develop an open pit, and then that would open also the exceptional underground. Um, but we also have, uh, fifty square kilometers of exploration upside, uh, with structures, uh, going all through that. The hist-historical mining only focused on quartz vein, um, and at high cutoff grades. Uh, those, um, that we still have, uh, we're gonna now drill fifteen thousand meters to look at the, uh, the banded iron formation, and there's quartz veining going through that banded iron form-formation. For an open pit, uh, uh, m- uh, potential, there's, you know, s-s-substantial, um, lower operating costs. You know, the, the saying is if this was probably sitting in West Australia, it'd probably have already been m-mined because of that, that high grade that, uh, sits it there, which is exceptional. Uh, the last time a mineral resource was done was, uh, twenty twenty-three, um, and the MRE was, uh, conducted at eighteen fifty, which is significantly lower than where it sits now. Uh, below two hundred and sixty meters, there's, um, a-around one point nine million ounces at eight gram per, per tonne. Um, and it commences at reasonably-- i-immediately below the previous, uh, mineral, um, open pit mineral resource. Just to give you an indication about, uh, the, um, the grades and the quar-quartz veining, this, this is historical, um, um, uh, grades. This is the Red, Red Lake-style, uh, mineralization, exceptional grades, and, and reas-- uh, and pretty reasonable widths of, of, of that. In the banded iron formation, which is like the Mussel White style of mineralization, you can see historical, uh, shallow bulk mining potential that's, uh, been o-overlooked was, you know, twenty meters at five point three gram per tonne. Uh, really, um, uh, they didn't actually, um, sample or assay the, the BIF, um, at the historical core. So this is, um, and, and didn't take into account any halo effects and mineralization there. So, uh, there's a really, uh, fantastic opportunity here. In late nine-- uh, twenty twenty-two, uh, a-aeromatics were, um, uh, were flying here, and it shows you, um, uh, the interpretation which happened, uh, I think late twenty twenty-two, early twenty-three. And, and they essentially, uh, Orteco essentially, uh, stopped, uh, drilling in early twenty twenty-three and, uh, when they got, um, the, um, uh, James, uh, uh, Green Bay, uh, project. Um, we're now following up, uh, work on those structures. You can see samples, um, the, uh, the-- there are very attractive samples there, um, which, you know, uh, which we will follow up. Our initial program is only, uh, focused on that small red area which has got Pickle Crow next to it. That's the h-historical, um, patents, and we're actually drilling on that now. But you can see outside there, um, in, in all directions, there's, uh, a lot, uh, a lot of upside potential from regional exploration. Sioux Lookout is, uh, we-- is acquired by Firefly in twenty twenty-one. There's only been some surfle-- uh, surface sampling. Uh, the first pass ones w-- uh, occurred, um, uh, during, uh, twenty twenty-two. Uh, that, uh, um, had some surface sampling at tw-- uh, seventy-three point six, uh, gram per tonne. Uh, we're, um, we've done some follow-up, uh, surface sampling. We're waiting on the results on that. But it's im-immediately next to Next Gold. It's, um, a Goliath project, which is a two point nine million ounce, uh, project. So there's some, uh, opportunities, uh, there. But that's very early stage. Um, but, um, and then in West Australia, we have a critical and strategic minerals opportunity. Uh, it's in a, what they call a HEBS, highly enriched black shale, um, deposit. Um, it ha- it, um, its comparable deposit is, is, uh, in- includes the Talvara, um, um, uh, mine in, in Finland. Um, w- copper, silver, zinc, vanadium, uh, mineralization. We're doing some work on there. We've done some initial drilling, and we're now doing some bulk samples, um, to test the bacterial leaching of that, and, uh, we'll define a mineral resource in that, um, over the next six months. So if we go back to, you know, what Bella Vista is, um, we've, you know, it, this is a fantastic opportunity. We, uh, Glenn and myself only joined in, uh, November last year. We acquired the asset, um, um, at, uh, Pickle Crow in, uh, uh, the end of April. Um, we've started drilling already. We have two, uh, diamond drill rigs, uh, operating. Um, and, um, uh, it's a 2.8 million ounce, uh, resource of, uh, you know, and grade of, uh, 7.8 gram, gram per ton. It's, it's quite remarkable the, uh, limited amount of drilling that's occurred around, uh, around this, uh, project. Um, the inferred mineral resource, um, uh, is open in, in all directions. Um, we're saying the top, uh, uh, 250, uh, uh, 260 meters has over a million ounces at 4.1 gram per ton. Uh, there's a very high probability of future discoveries, um, and that we have an opportunity of, uh, uh, 500, uh, kilometer camp scale regional and land holding. Um, so, you know, infrastructure support our, our, ourselves and, um, you know, and we also have the Brumby, which is a potential large scale polymetallic based metals and critical minerals deposit. So thank you. Excellent. Thank you very much. Uh, we just got a few minutes for Q&A here, but, um, maybe just one from me. Uh, so obviously, you know, great land position and, uh, very prospective, uh, and prolific regions here in Ontario and Australia. Maybe how do you think about, as a management team, allocating, uh, time and resource and capital across the two jurisdictions? Yeah, look, the, um, it's, uh, our major focus area is, uh, the Pickle Crow asset. The, um, uh, we have, um, we have CSIRO doing some work for us, um, in, in there and we have a technical s- consultant too, who is looking after the Bum- Brumby, uh, project. Well, it's a low spend, um, uh, project, uh, and, um, we have someone who is, is focused on that. Uh, and, uh, and eventually we're, we're likely to, um, define the mineral resource and, uh, um, uh, and the, uh, processing technology and, uh, then we'd probably look for a partner. So it really won't take away from our major focus area which is, uh, the, um, uh, uh, the Pickle Crow asset. Great. Fantastic. And maybe just one more, uh, here. Really, uh, great to see, you know, the power is, is very close and, uh, lots of, uh, other operators kind of in the region. Uh, any comments in terms of, uh, your experience operating the area and infrastructure and I guess, you know, local support on permitting? Yeah, look, um, there's, uh, look within, uh, the... So we acquired this from Firefly. Um, there we have very, uh, common shareholders and, uh, we're part of a, a similar, uh, same group. Uh, we've got access to the people who've been doing the, the permitting. There was some early, uh, there's been early, um, environmental studies that have happened, uh, under Aurteco or Firefly. Uh, we've, we've just started next round of, of those and, um, uh, but the permitting, you know, we understand, you know, it's, it, it's improved. Um, but we, we still need to, uh, work through, through that. Our focus is the first, first part of this is it, uh, defining the input, uh, resource to support a, a development. And this style of mineralization is, is similar to, to, uh, Mus- Musel White at su- at surface, um, who have, is 140 kilometers to the north who, who are operating, who've been operating for, uh, uh, a s- substantial, uh, amount of time. All right, fantastic. Uh, I think our time is running down here, but, uh, really appreciate the update. Sounds like, uh, lots of great, uh, catalysts still to come. Thank you. Thanks very much.

Recorded at Mining Forum Americas 2026, The Broadmoor, Colorado Springs. Prepared for information only; it is not investment advice or a recommendation. Statements are those of the presenting company as at the date of the presentation. Market figures in US dollars, not as at the date of the forum.