Member Info for PaddyGall

The Geo from Oz had just put this post up showing the original picture from last year and a new one I hadn't seen before.

These are from HAD005 last December

https://twitter.com/stocksandrocks/status/1223572588456116225?s=19

Amazing

Just posted this link to a tweet by William Langley who was the geologist who reported with the picture of HAD005 core over s year ago.

https://twitter.com/paddygall1/status/1223563494257319936?s=19

Note his comment on Barry Fitzgerald.

I too have great anticipation about Scallywag. As GH said the geology is absolutely spot on and needs to be treated ASAP.

@wasred - definitely has a great sounding ring to it - a wee dram of Scallywag ????

I personally think we will see these results around mid march. They have been releasing interim results about mid way between the quarterlies up to now.

The other point I would make is the article that news referred to by Barry Fitzgerald on resourcerisingstars is significant also IMO.

Up to now Barry has been singing the praises of RIO at Winu and giving us just a cursory mention - he's gone full on in that article.

Cheers Paddy

Ok - I've had a good listen to both interviews a couple of times and there is no reference to 23g/t anywhere that I can hear.
GH does speak about the mineralisation found at the bottom of HAD023 which was 124m @ 1.0 g/t which is a big extension from the existing breccia zone.

NCM have been happy to publicise Havieron ever since they started the farm-in but have got very vocal and excited about it in recent weeks. IMO the decision to change direction is driving this - check out this image that I posted on Twitter yesterday.

https://twitter.com/paddygall1/status/1223033091847081986?s=20

I plotted all the drillholes reported to date on Google Earth - I also plotted the unreported holes (from the satellite images).
I then took the image from the NCM report and resized it so the drill holes lined up with the actual positions on Google Earth.

I've drawn lines to represent the estimated direction (SW-NE) of the new drillholes (remember they started these towards the end of November so NCM will have view of these cores).

Now look at the areas that these drills are targeting - they are looking for the gaps in the purple high grade areas that NCM put "question marks" on their release - I mean why would they put "Question Marks" in those areas. Also on the southerly purple zone if you look at the arrow that says OPEN it leads you straight to the bottom section of HAD023.
There is also a cluster of new drillholes around that area as you can see.

So what have NCM & GGP seen that have gotten them so excited that they are shouting about it - Just look at the pinned tweet on Newcrest Twitter Page (as somebody mentioned thats the modern version of shouting from the rooftops)

"Havieron signals a new era in our asset portfolio in the Paterson region. Grades like this are rare & we’re excited with our progress."

I'm still not selling a single share - Paddy

https://www.numiscorp.com/x/MainResearchDownload.html?id=24962&stype=stock&secid=314

I'd love to see another Numis note - I can't believe there are not doing a revised note for their clients!!!!

The last one they issued (even though we haven't seen it) was on 31st October - We've have 2 more sets of assays since then - why aren't they updating their estimate using the latest results???

GLA - Paddy

Yes Jerry - looking forward to the new Andy Farrell ERA (where have I heard that before) - he has a lot to live up to.
It'll be interesting to see if he carries on the Schmit philosophy or shakes it up a bit.

I've read the posts and the only thing I would say is that current drilling is roughly 2Km away from the northern border with Artemis directly and the our mineralised trend is NW which takes us further into the Havieron license towards Scallywag see image posted on Twitter

https://twitter.com/paddygall1/status/1223038817789206529?s=20

I'll have a listen to the interviews again but I can't remember GH saying 23g/t

GLA - Paddy

Morning Jerry - Early night last night, just catching up now. I have seen the posts and I'll have a look a little later.

A lot of stuff to read through & digest, gonna sit quietly and have a listen again myself.

Regards Paddy

Just read the headline again - interesting that he refers to it as a copper-gold find and not the other way around - am I reading to much into this now??

Yeah it was posted before but no harm to repost Mickey.
Article by Barry Fitzgerald who according to the Aussies on HC is the most respected journalist in three WA mining sector.

Cheers Paddy

100% BTB - been saying that for weeks now - we will start to see the results from the SW-NE drilling in the next update.

Only 6 weeks and counting lol - Paddy

Well Stu.
They are processing 0.7g/t at Telfer now and making a small profit on it so if we base the processing cost on that even though it should go lower with better grades. Allow another 0.5g/t (generous) to cover trucking and CAPEX costs over the life of the mine.
Now it's down to grades - can we supply grade at an average of say 2g/t Au and another 0.5g/t Au Eq (copper) - that would mean would have about 1.3g/t profits.
Say we supply 500,000 tonnes a year gives us 500,000*1.3=650,000 grams of profit / 31 = 21,000 oz of profit
multiple that by the spot gold price at the time say $1500 = $31,500,000 profit and then we get our share

Very rudimentary I know but a good starting point

Remember Stu - those costs are going down when they start putting out high grade ore in there - it's going to become a big old cash machine out in the middle of the desert.

Happy to hold and I hope we keep our 25/30% and watch all that lovely lolly roll into GGP coffers every year.

Anyone had a look at the Newcrest Twitter page today??

https://twitter.com/NewcrestMining?s=20

Havieron signals a new "ERA" in our asset portfolio in the Paterson region. Grades like this are rare & we’re excited with our progress. Our Exploration Quarterly is out today with updates from across our global portfolio $NCM #ausbiz
@GreatlandGold

I've highlighted the word "ERA" (credit to HAT - we should still bring him back) in their statement that would no doubt have been checked over by their compliance team - now an ERA is a very long period of time.

Also noticed that they have pinned that Tweet so that it remains at the top of their Twitter feed - I'm just saying.

Cheers - Paddy

Hi CC,

Nothing much to report - see post on Twitter

https://twitter.com/paddygall1/status/1223172421001367552?s=20

Paddy

Have a look at this overview of the drilling to date lain on Google Earth.
The unreported holes (using co-ordinates from the satellites) are plotted on there also.
The blue lines indicate the SW-NE direction of the drilling that we haven't seen yet - Look where it is designed to intersect the high grade areas @ 90 degrees.

https://twitter.com/paddygall1/status/1223033091847081986?s=20

GLA - Paddy

Hi antigua - I'm 1000% positive that he will be mentioning it in a big way especially at the live Q&A session at the end.

I'm thinking there will be a lot of financial analysts who will be quizzing him on the exact plans for Telfer's future. NCM are down from nearly AUS$39 last August to AUD$29.5 today even though the gold price has risen since then. It all to do with their diminishing resource stockpile.

All those shareholders and pension pots will be demanding to know the future plans - and we all know what that future is going to be.

By spending $US65 million ($96.5 million) on exploration, it could eventually secure up to 70 per cent of the project.
Newcrest reported December quarter production at Telfer, pictured, was 30 per cent higher than the September quarter at 103,155oz, primarily due to higher ore production enabling increased mill throughput.
?

GLA - Paddy

https://thewest.com.au/business/mining/havieron-firms-as-new-mine-for-newcrest-ng-b881448004z?utm_campaign=share-icons&utm_source=twitter&utm_medium=social&tid=1580456177693

Here's the text from the article - Thanks to Lester on Hotcopper for providing it.

HAVIERON HOPES HIGH

STUART MCKINNON

Newcrest Mining is growing increasingly confident the Havieron copper-gold discovery in the remote East Pilbara will become its next greenfields underground mine.
The company is ramping up drilling at the deep find 45km east of its existing Telfer operation and is committed to delivering a maiden ore resource by the end of the year.
The Melbourne-based miner announced more high-grade drilling results from Havieron yesterday, including 14.6m at 9.1 grams per tonne gold and 0.48 per cent copper from a depth of 705m.
It plans to drill up to another 30,000m over the next two quarters and continue environmental, geotechnical and metallurgical studies to support the maiden resource estimate and future permitting of the project.
Newcrest managing director Sandeep Biswas said the recent drilling results signalled the potential for renewal of the company’s asset portfolio in the Paterson province. “The grades we are seeing are unique for this region and we are excited to progress and accelerate our evaluation of this opportunity,” he said.
The miner is not deterred by the depth of the resource given its experience with block-cave mining methods at its 1.6kmdeep Cadia goldmine in New South Wales. Mr Biswas said the recent drilling results vindicated the company’s strategy of searching deep undercover and reflected its “unique capability to efficiently mine deep ore bodies”.
The company said its recent drilling, which included 18 holes covering 18,888m, at Havieron had demonstrated continuity of mineralisation over 450m of strike, up to 150m wide and more than 600m deep.
“A zone of higher-grade mineralisation has been defined within the broader mineralised envelope,” the company noted, with the ore body remaining open to the northwest and at depth.
Newcrest is likely to truck ore from Havieron to its existing processing facilities at Telfer, which could transform the future of the ageing operation, having operated for years as a marginal, low-grade mine.
Mr Biswas has previously suggested Telfer could also offer a potential processing option for other regional players in the Paterson province.
The area has become a hot exploration region in recent times after Rio Tinto this year unveiled its Winu copper-gold discovery, about 120km north of Telfer.
Newcrest got its foothold in Havieron in March last year when it entered into a farm-in agreement with London-listed Greatland Gold.
The agreement followed stunning, deep intersections returned by the London-listed explorer at Havieron late last year, including 275m at 4.77 grams per tonne gold and 0.61 per cent copper.
Cont.