Member Info for PaddyGall

Oh - ok fair enough OT. I probably did hear that myself but can't recall either. It would make sense to use the facilities out there though especially if it's only 5.5k away.

OT - I'm not saying that GGP will use the Havieron camp - indeed nobody has confirmed that, it's just my line of thought that it would be good for the drillers to be able to use the air-conditioned facilities out there if available to them.

I think NCM use DDH1 for their drilling and that's who we've used in the past also.

It may be that GGP set their own camp up completely separately when they start out there.

GLA - Paddy

earthling - remember that Scallywag is under considerably less overburden than Havieron so consequently should be less to drill.

Lets just hope that all the data and info they have gleaned from Havieron will enable them to put at least one of the first batch of drills into a gold/copper rich section. If there's even a sniff of similar grades then it's game on.

ATB - Paddy

Just a little graphic to illustrate how close Scallywag is to the Havieron field camp.

https://twitter.com/paddygall1/status/1235220221356658690?s=20

Nothing really - mostly just "well done" and "congrats" messages.
There is one from a Newcrest Geotechnical Engineer saying "Looking like a little town is developing. Great job guys."

Cheers Paddy

VC - Here's the link to the LinkedIn post

https://www.linkedin.com/posts/darryl-bower-12589254_havieron-exploration-camp-expansion-30-is-activity-6603376515440877568-8AN1

"Havieron exploration camp expansion 3.0 is nearing completion. This project consisted of a new 600A SMSB with generator change over abilities, 250A supply and new DB to future core yard and a new 250A DB to supply the accomodation blocks."

So they were putting in a supply for a "future core yard" - I was just wondering if that "core yard" was actually completed.

Cheers Paddy

Agreed - cheers Schlemiel

progress over the next week or so as we build up to the next set of results - hopefully we will get close to the Numis target before they drop and that will give us a nice platform to move on from. Should see above 5p again pretty soon

Only unknown here is the sequence in which the updates come - GLA Paddy

MS,
That's precisely the way it looks to me - when I looked at the Aussie Gov website and cross-referenced the maps - GGP have applied for the whole area as shown on the MEGA map and RIO have applied for the section as shown on the Stockhead map. Carawine have applied for another section within the whole area to complicate the issue even further.

But all 3 applications are contained within the overall GGP area. If you look at the dates the applications were entered then the RIO one went in the day before the GGP & Carawine ones but all 3 applications still show as pending.
Cheers Paddy

Goldenoiler - RIO already have the license directly to the south of Havieron, it is the next southerly one to that one, that is being contested at the moment.
Have a look at this image from a while back - bear in mind the Antipa licences are now JV'd with Newcrest

https://mega.nz/#!hhZlVSrT!A_2pbH7Mg1NZrRZRb7O0EtKOyrGhZETLBYuLVMJSWeY

Paddy

Hi Matt,
That's the bit of the license that's contested with RIO at the moment - GGP have applied for that section and the bit RIO coloured to the left - whereas RIO have only applied for the bit RIO coloured if you get my drift.

I'll have a look on the Aussie Gov website in a bit to see if the licences have been granted yet - it was a couple of months since I last looked.

Cheers - Paddy

"The majors are investing huge dollars in Paterson Province exploration to find the next Tier 1 Winu or Haverion copper-gold discovery."

So they are describing Havieron as Tier 1 - saying majors are looking for the next Tier 1.

GLA - Paddy

Seems like our Aussie cousins are looking at the "bigger" picture in the Paterson now. See this post from povertyboy on the Antipa thread last night.

https://hotcopper.com.au/threads/ann-60m-farm-in-and-3-9m-share-placement-with-newcrest.5255200/page-42?post_id=43285684

"Maybe.. maybe.. But I wonder, I do wonder if the Antipa rumble is a comparative pop and a squeak amongst bigger louder ructions... Like Rio Tinto taking out Newcrest for example...

Rio has been very quiet on the corporate front, but needs to redirect away from iron ore.. They are big copper.. They have been talking gold in the last week, a major company redirection.. And they won't mess around.. The balance sheet is good..

And the issue in front of us is technology. Right now to multiply value its block cave. The big open pits have probably been found.. Cadia-scale.. A mill ounces per annum. $100 bucks to produce an ounce..

Rio and Newcrest have a history of working together on this block cave thing.. they use some of the same contractors and have both contributed to the development of this technology..Both coys use this technique to very good effect, Rio at Argyle and Newcrest at Cadia, Wafi Golpu Red Chris (soon) Cascabel (soon).. massive deposits...

These two J.V deals Antipa has signed should not be underestimated imo. The expertise in caving is a real boon for Antipa.. what it means is that deep deposits like Haveron are still on the radar for us.. And not just that we have the fire power to find em via two seperate tranches of 50 mill, but due to our partners expertise in actually mining them. So my theory is the mkt will correctly value our exploration success, there wont be pre Newcrest Haveron style price fluctuations i.e - the hunt will endure... The geophysical tools will be state of the art..... So on so on and so forth..

I think I'm in love here."

GLA - Paddy

Key sentence in there mate for me -

"But if you look at the ones we've got so far, we're feeling pretty confident."

Sounds like a goer for me IMO - Paddy

From yesterday's RNS.

Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, announces that during February 2020, the Company issued 75,037,838 new Ordinary Shares of 0.1p each from its block listing authority of 10 February 2020 (the "Share Issue") for a total consideration of £1,875,945.95.

Following the Share Issue, the Company has the ability to issue a further 150,775,675 shares under its block listing facility.

So about 1/3 exercised - still another £3.8 million to come in when the rest are converted

OT - I like your theory but IMO there is now way the mineralisation extends all the way to Scally - that's about 6kms.

More likely that they will find the other side of the "dome" structure at Havieron - remember Scallywag is also interpreted as a "dome"

"This data has better defined basement structures and lithological contacts when combined with detailed aeromagnetic data. From these data sets Scallywag is interpreted to be an antiformal (dome-like) feature of metasedimentary rocks analogous to those at Havieron and Telfer (Lamil Group, Paterson Province). Both magnetic and gravity data have undergone 3D modelling to assist IP survey planning and drill targeting."

ATB Paddy

Whether they are interested in gold or not is not the point here - We know they are interested in the land in the Paterson as they've been actively grabbing in there - in fact they have the ground to both the North & South of Scallywag so it would make perfect sense for them to get it as well.

Paddy

pacman - I agree with you that I would rather see us bang some holes in there first before doing any deal but there's always the risk of finding lesser mineralisation than you thought - a bit like Black Hills last year.

If he could play the big boys off against each other without putting a drill in the ground then that would be a master-stroke.

We'll see - I'm sure GH will come up with the best course of action for us all.

Cheers - Paddy

This time last year guys we were sitting waiting for the updated Havieron drill plan (remember GH had said that 2 rigs had been booked for early in the year) when we got the "farm-in" RNS dropped on us out of the blue.

What's the chances of lightning striking twice here. I wouldn't have expected anything to materialise on Scallywag until we had at least put some holes in there but the deal that NCM did with Antipa last week has slightly changed the dynamics. It now seems that NCM are prepared to deal on prospective land that has got minimal exploration done on it to tie it up (presumably to keep it out of the hands of RIO).

We have done quite a bit of work on Scallywag & Black Hills including the MMI & AEM surveys so I would imagine that NCM would be very keen to lock it up as well - all depends on the deal that GH could hammer out without drill results but we may well find that there could be something being thrashed out in the background as we speak.

GLA - Paddy

Still think the update from NCM will either come on the morning of either Thursday 12th (6 weeks) or Tuesday 17th (halfway point) in Australia

So that would either be Wed night week or a fortnight tonight until we see them here in the UK. Not a lot of trading days left and it's very very possible that GH could drop another update on us between now and then.

Tick tock people - don't be caught out - Paddy