Member Info for 5085

Manifesto I hope you are well. You know more than anyone the unknown, grey area, attached to share dealing/trading. It is a game where money is made and lost where one underlying factor remains, the general public are not in possession of the facts and because of that they only have guesswork and speculation to work off. You are amamant you are right, it does not mean you are factually correct, it means you have an opinion and as seen on many of these boards over the years you have been wrong many times. Have a nice day.

In my opinion the delay has been related to financial reasons, setting things up and putting contracts in place, as seen at Havieron.

If early drilling found nothing, then why drill more and officially apply for a road to be built?

Just normal, have paitence and load up.

Delays in laboratory assay results have become a major issue for Australian exploration and mining companies, and the rising value of gold is a significant underlying driver. Here’s a detailed breakdown of why higher gold prices slow down lab turnaround times:

1. Higher Gold Prices Trigger a Surge in Exploration Activity

When the gold price rises, exploration becomes more economically attractive:

More junior explorers enter the market, since raising capital becomes easier.

Existing companies ramp up drilling to expand resources, update resource estimates, or fast-track projects toward production.

This leads to:

A massive increase in drill samples being sent to commercial laboratories.

Labs receiving far more samples than they are geared to handle, overwhelming capacity.

2. Laboratories Face Capacity Constraints

Commercial assay labs (e.g., ALS, SGS, Intertek) are built to handle a predictable industry workload. When gold prices spike:

The volume of samples can double or even triple in months.

Labs cannot increase capacity instantly because expansion requires:

New sample preparation equipment (crushers, pulverisers).

Additional furnaces for fire assays.

Hiring and training skilled staff.

Regulatory compliance for hazardous materials.

These expansions take months to years, so labs get backlogged quickly.

3. Gold Assay Methods Are Slow and Labor-Intensive

Gold is typically assayed via:

Fire assay (the industry standard), which requires:

Drying, crushing, splitting, fluxing, fusion, cupellation, digestion, and analysis.

Each batch takes hours, and runs must be carefully monitored.

FA-AAS or FA-ICP-MS techniques add more time and require specialized instruments.

As demand increases:

Bottlenecks form particularly at the furnace and cupellation stages, which cannot be rushed.

More high-grade or nuggetty samples may require re-assays to confirm accuracy.

This limits throughput even if labs add more technicians.

4. Priority Samples and “Rush Jobs” Further Slow the Queue

With gold prices high:

Companies are more willing to pay for expedited results.

Labs often pause standard turnaround work to run priority samples.

Result:

Non-priority samples wait even longer, stretching typical turnaround times from:

1–2 weeks → to 6–12 weeks (or longer in peak periods).

Even priority samples may slow down because so many clients request them.

5. Labour Shortages, Especially in Regional Areas

Many assay labs are located close to mining hubs (e.g., Kalgoorlie, Perth, Mount Isa). Australia has:

Ongoing shortages of skilled lab technicians, worsened by:

Remote locations

Tight labour market conditions

High competition from mining companies offering better pay

This means labs can't simply staff up to meet demand.

The statement "red setter 10 times the size of havieron" is a comparison used in the context of mineral exploration, specifically referring to the size of the magnetic anomalies associated with the Red Setter and Havieron gold-copper projects in Western Australia.

The magnetic anomaly at the Red Setter project is approximately 10 times the size of the anomaly at the Havieron project. The Red Setter magnetic bodies cover an expanded area of 3.5 km in strike length and 1 km in width, while the Havieron deposit is contained within a more compact 650 meter in length by 350 meter in width breccia pipe. This much larger anomaly at Red Setter suggests the potential for a more massive underlying geological or mineralized system.

Nice one apps

In other words — Red Setter stops being “a target” and becomes a district.

The location of Drill Hole 3 is strategically chosen to confirm and extend known mineralisation, potentially connecting isolated intercepts into a coherent gold-copper system.

A successful intersection here would be transformational — confirming Red Setter as a multi-kilometre mineralised target within one of Australia’s most prospective regions.

“We know along that structure we were getting grades up to 7m at 2g/t gold, 4% copper…”

This isn’t just an isolated hit — it implies multiple mineralized intersections along a known structure.

The mention of both gold and copper is important: it could indicate a polymetallic system (potentially a gold–copper porphyry or IOCG-type system), which can enhance project economics and optionality.

“We intersected the breccia pipe in the first hole… it’s basically a mineralized feature…”

A breccia pipe or hydrothermal vent structure can be the core of a mineralizing system, often acting as a feeder zone for gold and copper fluids.

Intersecting it early could mean WSBN has already hit the hydrothermal engine — potentially near the source of mineralization rather than just peripheral veins.

“Expert Geophysics said it was one of the best targets they had seen in 2023.”

That’s an unusually strong endorsement from a respected, data-driven exploration partner.

It suggests the MMT (Mobile Magnetotellurics) data shows a very strong conductive anomaly — a characteristic often correlated with mineralization at depth (e.g., sulfides, alteration halos).

The credibility boost from a third-party geophysics group could support future JV or funding negotiations.

“The expert geophysics showed a domal feature… with a coincident gravity high.”

A coincident gravity and EM (conductivity) anomaly implies dense + conductive material, typical of mineralized sulfide systems.

The domal geometry could indicate an intrusive center — often the structural core of major ore bodies (like Telfer and Havieron nearby).

If confirmed, this could suggest a system-scale target, not a small satellite zone.

“We know that there’s mineralization within the system.”

“System” here implies a linked geological environment with multiple mineralized trends — not isolated pods.

For investors, this hints that success may not depend on one hole or one structure — there could be repeatable mineral zones within Red Setter.

Quote “Expert geophysicists stated it was the best target they had seen in 2023”.

When this blows it will go off big time.

In my opinion this is going to be one of the biggest gold discoveries in Australia, all the signs are there, plus the license area extension, they are not stupid. Tuck in and wait a few years, may well be life changing. Good luck.

Red Setter sits on a magnetic anomaly roughly 1.5 km × 1 km, interpreted as a possible Havieron-style intrusion or breccia pipe system.

The first drillhole (RS22-01, for example) targeted the central or western portion of that magnetic high.

The second hole was stepped out ~200 m to the east/southeast — likely chosen to test a separate magnetic lobe or gradient zone seen in the high-resolution magnetic data.

This spacing is geophysically justified — they weren’t just drilling for continuity; they were testing whether multiple mineralised centres or breccia lobes existed within the anomaly.

Theory: The step-out was designed to hit another magnetic centre within the same system — similar to how Havieron’s Eastern Breccia was found offset from the Crescent Zone.

Testing Structural/Geological Continuity

Early logging of the first hole showed brecciation, veining, and sulphides, but the breccia geometry or orientation wasn’t yet understood.

A 200 m offset would help test:

the strike or dip direction of the breccia zone, whether mineralisation trends SE–NW or NE–SW, and if the hydrothermal system extended laterally or was confined.

Theory: The 200 m step-out was an orientation test — to see if the breccia and mineralised system had lateral continuity or if it was a discrete pipe.

Havieron is an intrusion-related gold-copper system, with mineralisation hosted in breccia, vein, and massive sulphide replacements.

The mineralisation is hosted in metasedimentary rocks (meta-sandstones, meta-siltstones, meta-carbonate) and intrusive rocks, with alteration (amphibole, carbonate, biotite, sericite, chlorite) in wall rocks.

The core sampling and drilling protocol: PQ / HQ / NQ coring in basement, cut halves, typical interval sampling of 0.2–1.0 m (or breaks), oriented cores, geotechnical/logging, high-resolution photography, etc.

The geometry: a breccia pipe (650 m × 350 m footprint, ~1,400 m vertical extent) with a high grade crescent zone on margins, and relatively steep dips in the core zones.

The sulphide assemblage: notably pyrrhotite + chalcopyrite + pyrite in breccia and vein infill, with massive sulphide lenses in some zones.

So when we say “Havieron style cores,” we are looking for brecciation + sulphide veining + alteration + structural setting consistent with an intrusion-related system.

What is known about Red Setter cores / intercepts

Red Setter is adjacent (or near) the same Paterson Province region, and is being cast by Wishbone Gold as a potential analogue to Havieron / Telfer zone.

In one press release, core samples show zones of quartz-carbonate veining and chalcopyrite + pyrite sulphides starting from ~520 m depth, intensifying around 570 m.

They report >130 m of breccia intersected (from ~570 m downwards) with variable brecciation intensity and sulphide content.

In the second hole (step out 200 m), similar brecciation + alteration + sulphide mineralisation was observed, with more intense heat alteration (bleaching) of rock.

Historically (in earlier drilling) Red Setter has returned assays of gold up to 6.4 g/t Au and copper >2.27% in some core intervals, along with widespread hydrothermal alteration (quartz-carbonate sulphide veins) in various lithologies, with breccia textures.

In the 2022 RNS, the company described "quartz-carbonate-sulphide veins … in all lithology types, often with breccia textures" and the presence of pyrite, chalcopyrite, some minor pyrrhotite and bornite, and arsenopyrite.

In more recent updates, the core is being processed and assayed (cutting, sample prep, transport to ALS Labs in Perth) for definitive geochemical comparisons.

Thus, the observed Red Setter cores show breccia structures, veining, and sulphide mineralisation — key hallmarks of the Havieron style.

Comparison of Havieron and Telfer with Wishbone Gold’s Red Setter target

Same district-scale plumbing

All three lie within the Paterson Orogen, a Proterozoic belt with a shared tectono-magmatic history that produced world-class Au-Cu systems (Telfer, Havieron, Nifty, etc.). That common geologic framework is a big positive for prospectivity.

Au-Cu breccia potential

Havieron is an Au-Cu breccia/vein system; regional literature notes breccia-style mineralisation is part of the Paterson “toolkit,” with some analogies drawn between Havieron and Telfer breccia bodies. Red Setter’s models emphasize intrusive/breccia targets—a plausible analogue, pending assays and continuity.

Proximity to Telfer

Red Setter is ~13–15 km from Telfer, within Telfer-scale structures at the district margin. Proximity increases the chance that similar fluids and structures operated, though it’s not proof of ore.

Key differences (why it might not be the same)

Deposit archetype

Telfer is a huge, structurally complex, sediment-hosted/orogenic–IRGS hybrid with unique “reef” lodes; Havieron is a steep Au-Cu breccia pipe/stockwork. Red Setter could be more Havieron-like if it proves a pipe/stockwork breccia, but it hasn’t demonstrated scale or continuity yet.

Data maturity

Havieron has extensive drilling, resources, and studies; Telfer is mined out to Tier-1 scale. Red Setter remains early-stage, with geophysics, modelling, and initial drilling reported—insufficient yet for robust geological equivalency.

Cover/halo behavior

Havieron’s tight geochemical halo and deep cover made surface geochem weak; exploration relies on geophysics + deep drilling. Red Setter’s halo/alteration footprint is not yet defined publicly, so predictive mapping remains uncertain.

What would “prove” stronger similarity at Red Sette

Consistent Au-Cu grades in breccia/vein zones over tens to hundreds of metres, with continuity along plunge (Havieron-style).

Diagnostic alteration & sulphides: magnetite/hematite, chalcopyrite-pyrite-bornite assemblages, K-feldspar/sericite patterns comparable to Havieron/Telfer domains.

Structure: evidence of a steep pipe or feeder tied to regional structures that also influence Telfer.

Geophysics–geology tie-out: drilling that explains the magnetic source (e.g., magnetite-rich breccia/intrusion) and maps it in 3D, showing size comparable to economic analogues.

Bottom line

Yes, there are credible geological similarities in setting, targeting method (mag anomalies under cover), and Au-Cu breccia potential between Havieron and Red Setter; Telfer shares the province and some breccia/vein features but is a different, more complex archetype.

Red Setter is not yet demonstrated to be a Havieron- or Telfer-scale system; further drilling, assays, and 3D geology are needed to confirm ore style, size, and continuity.

When considering early SP increases comparing GGP with WSBN, take into account in 2018 the price of gold was $1,200 oz now $3,764 oz

Nearly half of death spiral 1 completed - Share price has gone from 1.1p to O.23 a near 5 x drop.

A lot more pain here as we move into the 0.00 range.

But on the positive side, everyone here was warned, so on that score there can be no complaints.

The cost of getting rid of the water, may be higher than any increase a lift pump will bring. Funny how the water subject is now openly being used, wasn't the case previously.

Doosan Fuel Cell will be the first to introduce solid oxide fuel cells (SOFCs) to its domestic operations. The 9MW capacity is scheduled to be supplied in early November. Doosan Fuel Cell is a subsidiary of Doosan Energy. As of the end of the first half of this year, Doosan Energy held a 30.33% stake in Doosan Fuel Cell, including preferred stock.

According to industry sources on the 15th, Doosan Fuel Cell signed a technology agreement with the UK's Ceres Power in November 2023 and is currently developing mass production technology for cell stacks, a key component of SOFCs for power generation. The initial SOFC units are expected to be supplied to the Hai Changwon Fuel Cell Project in November. This move marks a move to target markets previously dominated by Bloom Energy, including data centers, hospitals, and manufacturing.

https://v.daum.net/v/20250915181027229

Https://fuelcellsworks.com/2025/09/15/energy-innovation/south-korea-pilots-real-time-hydrogen-fuel-cell-control-in-solar-hybrid-system

Taxi for Uber-Steve

To get a rough estimate on early potential I simply put this into ChatGPT.

Provide a mid-range profit per annum summary for Helium One for their acreages in Colorado and Tanzania, if both assets were in the production phase. Colorado on a 50% split and Tanzania in stage 1 with 5 production wells in operation and flowing at predicted levels. Take into account tax and license fee costs.

The results, per annum.

Tanzania - £3.08m

Colorado - £2.84m

Round it up to £6m per annum for both projects.

Next is obviously getting an idea on costs

Colorado £8m

Tanzania (stage 1) £25m

So if all goes well and if they can get through the early stages without diluting the company and assets too much, after 10 to 15 years the picture will start to look rosy.

You cannot drill 3 dusters and 1 successful well and know anything about the scale of a helium resource.

2 - 3 successful exploration wells to prove a working helium system and 3 to 7 successful development wells to delineate the size of the resource.

Exploration costs from here approx £11m

So if all goes well with funding and Colorado in 3 to 5 years time Tanzania could be in a position to build a skid based pilot extraction plant.

Basically a lot of time and a lot of money. Get comfortable.