Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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Top riser.
Keep thinking has this PFS been brought forward? Why would this be the case if so?
"Hopefully our friends over the pond will join the party."
I'm not even certain that we are known about to the Pi over in the states. I know we have quite a few funds from the good Ol US of A who are invested here, but I yet to come across any Tex's or Randy's frequenting this BB.
If you Yanks are there give us a wave and don't forget we are friendlies.
Sadly, as mentioned earlier, there was a run on bicycle clips this morning, so can't help there, sorry!
An informant just told me Tom W is short and ****ting his pants.
Expect 20's next week when the lid comes off.
For those new: just a reminder of how a tiny explorer GGP was one of the first in the the Pilbara to give it a go. Their decisions was based on extensive research into older exploitation results and they were able to cherry pick what tenements to go for. And a confident CEO and Geologist made the brave decision to put a deep drill down. A decision that could make a company, or one that could make them a laughing stock. They certainly new their job. We are going to be the beneficiaries of those decisions. Hats off.
Newcrest Mining Limited (ASX, TSX, PNGX: NCM) is planning to release the outcomes of its Pre-Feasibility Studies for the Red Chris Block Cave, Lihir Phase 14A and Havieron Project on Tuesday, 12 October 2021, pending receipt of the necessary approvals.
BTB
Is the pfs confirmed to be released on monday?
Well hydro we have had our differences but today you can ramp as much as you like , it took a while but the tide has turned
Starbright has now started with its retired games be warned
Starbtight is a subtle deramper
Pleased for them if their tenement brings them some cheer this year/next. Yet I re member when they first acquired the rights to explore. One of the comments was about nearology and that they were going to sit back and watch what GGP did and how things panned out for GGP. well their expectations and hopes must be ever increasing upwards. Just imagine if Hav north and zips comes trumps and they extend into neighbours plots. There will be no tenement vacancies in the pilbara left which will soon resemble a huge block of Gouda cheese. Lovely.
Hopefully our friends over the pond will join the party.
The two 1.1m trades could equally be:
"NCM stake-building...!" or
"II's positioning ahead of the PFS..!" or
"US traders piling in ahead of the NYSE open..!" or
"Hedge-fund algos desperately trying to catch up..!" or
"GDXJ adding again..!"
or any of the other edge-case hypotheticals routinely asserted here as facts, without a shred of supporting evidence.
Perhaps these two trades are shorts closing. Absent some evidence though we know only that two trades of 1.1m each at 18.2p were reported at 13:49 today. Anything beyond that is supposition and guesswork.
Do you have some evidence EnricoPallazzo...?
He has also spelt Havieron incorrectly like some on our board, LOL
As the company’s pushed forward with its joint venture partner developing the Haverion prospect, I think its investment case has improved. But it’s clear that many investors, who bought in last year seeking a quick profit, haven’t had the patience to stay around.
Decided to have a top up of my ISA on tuesday, outside my usual cash top up window.
First time ever i've timed things so well
*Deliver value through growth and exploration strategies
- Through three pillars:-
- Partnership: most of their projects are JV’s or option deals, it is their preferred method as helps them to capture good ground and work with really good groups to share knowledge and also learn from, are always happy to review projects with anyone as constantly looking for something new.
- Leverage off exploration DNA & Technology
- Mining capability is key as not only can they explore deeper but can also turn these all around.
*Answering a question from the host about dealing with challenges from increased cost of mining services and the lab delays
- The 21-day turnaround they aim for is currently out to 40-60 days like most others.
- Another industry challenge is obtaining good drillers, geologists and support staff, so they are helping to develop the next generation of personnel.
- Shortage of resources and price pressure really keeps them moving.
----The End----
*Growth program in place
- Testing series of exploration targets to support potential resource growth in three main areas over the next 12 months.
- SE Crescent Deeps (HG open at depth): drilling sitting below resource is still open with significant intercepts, trying to define extent of the higher grade and continuity of mineralisation
- Northern and Eastern Breccia Targets (Open HG Mineralisation): NW Hav trending corridor hosting two zones of higher-grade mineralisation in N Breccia and NW pod. Drilling around these to define footprint of the higher grade and to see if the corridor links into a bigger single zone of mineralisation.
Work on Eastern Breccia is early stage with only a handful of holes into it so they don’t currently understand the geological controls and dimensions of system, but encouraged by some good intercepts and presence of HG which could indicate the presence of an additional NW corridor, currently testing this concept.
- 3 new targets within Hav proximity: with potentially similar Geophysical properties, so again the question is, are there more Hav’s floating around Hav?
- The targets are named: Zipa (Gravity), Havieron North (Magnetics) and Meco (Gravity) - image link below:
https://twitter.com/paddygall1/status/1422341968009605121/photo/1
*Improving their exploration capabilities
- Thinking outside the box by using machine learning to analyse historical public data of Australian wide geochemical data to identify and rank potential targets of bigger ore deposits. Also applying to other jurisdictions.
- Adopted use of two Truscan units at Red Chris (XRF instruments) as part of core logging process to photograph and scan cores to give real-time metal values at the time of drilling to enable real-time decision making in regards to drill planning and rig location.
- This is helping to circumvent issues being experienced through industry wide assay delays and turnarounds experienced over the past few months.
- Advantages include being able to ‘log smarter’, geo’s have the geochemistry to hand before starting and they’re also using machine learning to identify basic structures lithology to help focus their efforts and move away from metre by metre logging to speed up the process.
- Closes section by mentioning they’re doing a similar exercise or just starting that journey up at Haverion.
----continued----
Cant even get the names of the companies right, what a disgrace
It was a very exciting presentation TT as the new targets came to light and a lot of discussion about new Havieron's floating around - here are some of my notes related to some of those areas :-)
*Growth Strategy
- Leveraging off mining & exploration capability, technology, innovation and collaborative relationships with their partners.
- 3 keys areas are Hav, Red Chris and additionally some early-stage growth opportunities in other jurisdictions.
*Most recent exploration success is at Hav
- Located in Paterson, W.A, 45km east of Telfer under 420m of cover in a JV with GGP
- Hit ground running over two years ago with aggressive drilling campaign with over 180,000m of drilling to date despite serious factors such as the pandemic and wet weather issues to contend with.
- Amazing job by team to outline a large area of mineralisation leading to delivery of an initial inferred resource in Dec 2020 of 3.4 MoZ of gold and 160,000 tons of copper and a growth program is in place right now to grow the resource space.
- Also they’re not just looking at Hav, the question is if there are more Hav’s in the district as the style of mineralisation being seen at Hav usually performs in clusters - so where are the other ones?
- To this note they have two active JV’s in the region with Antipa and GGP, who are both technically strong groups they love collaborating with. Both projects are managed by those companies and right now they have drill rigs churning away drilling under cover targets.
*Detailed look at Havieron
- 400m of cover under which they’ve seen mineralisation to at least 800m below that.
- Deposit is centred on a NW trending corridor of calc silicon alteration, surrounded by better embedded sentiments (variable intensity of alteration in that zone) but alteration and mineralisation is centred around the NW trending body of diorite dykes.
- Mineralisation and resources at this stage predominantly hosted within the SE Crescent which if stretched out below unconformity would be about 500-600m long and 20m wide.
- It’s funnel shaped so as you go deeper to about 800m into it, it is down to around 200m.
- Intriguingly, as you go deeper they’re seeing some significant grades and some of the better intercepts at depth are listed on his presentation slide. Slide also shows intercept drills below 4400m RL with plus 1-gram intercepts, so gives you a feel for the extent of the mineralisation.
- Deposit is associated with variable amounts of sulphide quartz and carbonate that forms in brushes or vein infill in a typical Hav style mineralisation.
----continued----
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Greatland and Newmont are already in the early stages of developing Havieron’s mining infrastructure. Rupert Hargreaves @ruperthargreav1 FFS
https://www.fool.co.uk/investing/2021/10/07/is-this-why-the-greatland-gold-share-price-keeps-falling/
@Hydrogen @Bamps "Just be confident that this MRE is presently less than 10% of the known volume of ore body... I've check ed and double dckecled this point with 3 visulalisations and models with kind help of Bamp. And it could end up being as little as 6-7%"
Any chance these 3 visulalisations and models could be shared with the rest of us mere mortals? I'd love to have a better understanding of what Hav is with images to help explain it better.
Tyia
New intraday high @ 18.55p
How many district scale discoveries exist that we know of?