Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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AM90 - yes, I noted that. The term 'primary target' may contain the inference that there exists a secondary target or tertiary target to focus on at some point
cheers fellas. Potential upside then from this decline,potential being the operative term
'The Havieron Project is the primary target of the Newcrest-operated farm-in and potential joint venture with Greatland Gold. The Project is located in the Paterson Province, Western Australia, approximately 45km east of Newcrest’s 100%-owned Telfer mine.'
Any ideas why they refer it to the 'primary target', does this imply there is a secondary target within the JV?
Hi Schlemiel, In a word yes. They will take some smaller diamond rigs underground, and start drilling in areas that the surface rigs didnt hit. Do some infill, go looking in other areas and also deeper. Grade control etc.
IMO.
It will be for both purposes schlemiel - they will be able to use the decline to complete the JORC drilling requirements from underground and also they will be able to check other & deeper areas without having to drill through the 400m of overburden every time.
ATB - Paddy
Great find, May be they have somebody already lined up-even from GGP or similar but in the interests of fairness it must be advertised externally.
With reference to potential future Joint venture it confirms my feeling that GGP still intend to see this through to production. OK GGP will still be very reliant on Newcrest so are not entirely in the driving seat but well enough to get a good deal whatever the future outcome. Obviously it would enhance GGPs position is Scally or any other prospect came up trumps in the meantime.
But also together they must try and see off any T/O attempts by very major players(apart from those we know like Rio etc who have ground in the area) who could try-with possibly the aim of carving up the prospects between themselves just to get into the Pilbara.
Who knows but the futures bright for GGP.
Hi Paddy, I know ! This next announcement should tell us either way ... i hope!
'understanding of'
If it's an exploration decline what exactly are they exploring for? It sounds like a silly question but are they aiming to locate NEW areas of mineralisation or expand their knowledge and understand of mineralisation they have already discovered?
Yep. Because its a "Exploration Decline" as opposed to a mining decline, I think there is probably less paperwork to submit to the mines dept to get approval, but they would still have to show a plan and do all the due diligence, to get started. They would already be all over this process. Things will happen quickly.
Hi red,
Nice to hear from you - I can't fault your logic and agree that NCM did say that, still I can't get that 3D image from Callums screensaver out of my head.
There is still some drilling activity going on near the sand dune crossing (SE) - I wonder what that could be for??
ATB Paddy
reddirt -
Would there be a site plan, showing us the location (e.g. the SW ), attached to NCM's Permit Application for a decline?
Im leaning towards the cluster of those South West holes now Paddy....geotechnical and sterilization for the decline. If we dont here of any assays this coming announcement from NC, on these holes, I think thats a cert. They have said before that the orebody was closed off to the south....
ALTB Reddirt.
Great find, schlemiel.
"Why not appoint a Newcrest employee(s) to perform this most routine of tasks, a task Newcrest have no doubt performed many times before?"
It's a fixed term position. They aren't looking for a permanent employee here, but for someone who will come in, do the job, make a lot of money, and move on.
Perhaps their in-house people are busy at Red Chris. Perhaps this is a role they always contract out or use fixed term people for. I don't think I'd read anything into that.
As to going public rather than using an agency, why be secretive? They've been very public that they wanted to do this. There's no secret of the fact that they intend to mine. NCM shares are up again today. Why not be public about it? The people who do this work will have been paying attention to Hav, and they'll have been watching for this kind of notice from NCM. The CVs will be rolling in.
Or maybe Newcrest is unable to find an employee to perform such a complex task and require someone with a special set of skills to unearth this HG monster in the most efficient manner possible
GGps labours
hyd - Just your average gob-shyte ploughing through life
Agreed Schlem. I think it’s the combination of strategic moves plus some fortuitous timing that seems to be connecting a few dots. That newcrest both need and desire the fruits of gaps labours is clear but it’s the intrigue around how they intend to cement future relationships that are the mystery right now. Watch this space I guess !
pan - It's the timing of such corporate events that pique my interest.
It is interesting that Newcrest have chosen to advertise for such a position externally. Why not appoint a Newcrest employee(s) to perform this most routine of tasks, a task Newcrest have no doubt performed many times before?
I'm intrigued as to why they have indeed 'gone public' with this when they could have quite easily appointed someone using an employment agency or appointed internally
Maybe I'm reading too much into it. Sometimes it's easier to accept what is
Think you may well be on a roll with that Schlemiel. And Stuart’s ducks come to mind .....
Onwards and upwards my friends.
I'm also persuade that NCM's decision to appoint RBC to explore NCM's SOLG holding is intended as a capital raising exercise ie I believe NCM intend to offload their SOLG stake and focus fully on Havieron and or maybe more another JV regarding GGP's other tenements...imvho of course
Yes, a tiny job advert on an Aussie website confirms that the Havieron mine has been given the unofficial green-light. GGP is now no longer just an exploration company. I'd say that's a de-risking company event
Just polishing up my CV, I’m not too bad with a pick and hammer ??. I’m going underground. Good luck everyone, what a great find