Member Info for PaddyGall

Looks like NCM might be revisting the drill pad at Havieron North where we first saw them a few weeks ago.

Did they discover something up there that warrants a closer look? Interesting that they are there just as Artemis are about to kick off their drilling campaign at Apollo.....

https://twitter.com/paddygall1/status/1448289474715205639?s=20

ATB - Paddy

"The Havieron deposit in north Western Australia is a beautiful deposit with amazing world-class textures. This is a relatively new discovery and much of the geological detail hasn’t reached the public yet, but when it does, people will be seriously impressed. Full kudos to the drillers who have managed to provide consistently oriented core over hole lengths approaching 2 km (˜ 1 mi)." - Dr Brett Davis

I wonder which geological detail he's referring to - it's certainly not the sulphides that are well known now for over 2 years.

ATB - Paddy

Well - there it is, the confirmation (if it was ever doubted) that we are going mining at Havieron. While the indicated oz's (which the PFS was always going to be based on) might not be to everyone's satisfaction - it more than justifies the outlay of capital that NCM & GGP have spent so far and leveraging the Telfer infrastructure means that we will be mining and turning a profit sooner than ever.

The other 1.7Moz of the inferred will be converted to indicated in due course and all the growth drilling since February will be included in the inferred upgrade in December - the PFS also shows the mind bending exploration upside associated at Havieron with every direction and depth still open at pretty much every target area.

I'm liking the new NW Pod (previously the NW closure) and that is still open to the NW - heading towards Lake Havieron. This is the first staging point on a long journey - but a very very important one.

Let's see what Sandeep has to say. ATB Paddy

So looking forward to the release of the PFS tonight and the inevitable slew of data that will be produced by NCM to support it, but remember it's only another staging post on the road to production. Shaun has been at pains to remind investors that the PFS will only contain drilling up to March this year and that was the infill drilling to enable the inferred MRE to be upgraded to indicated.

None of the "growth drilling" that we have seen so far will be included tonight - there may be incremental improvements in the size and quality of the inferred MRE as the infill drilling was successful in proving the continuity of grades in the breccias surrounding the sulphides was good.

The major changes in the MRE will come with the inferred JORC update in December as advised by Shaun in an earlier interview - the good thing about tonight will be that for once and for all any doubt that Havieron will ultimately become a mine will be well and truly dispelled and it "MAY" give the green light for certain instos to take the plunge.

Even then the inferred upgrade in December will be miles behind the curve too - especially if those comments from Dr Brett Davis last week are anything to go by.

""The Havieron deposit in north Western Australia is a beautiful deposit with amazing world-class textures. This is a relatively new discovery and much of the geological detail hasn't reached the public yet, but when it does, people will be seriously impressed."

I'm thinking that Havieron will be seriously impressing people for many, many years to come. Good Luck for tonight / tomorrow people - although I don't believe we will need it.

Whatever - goodnight all, back tomorrow for more fun, games and trolls.

ATB - Paddy

I think you'll find it's 70% of it will be in NCM's hands - if they want the optional 5% they will need to purchase it at FMV (fair market value) assessed by an independent qualified assessor.

If NCM decline the 5% then Shaun will have banks lining up to offer him the measly pittance required to fund our share of the quick start mine that will be outlined in the PFS on Monday night.

GLA - Paddy

Oh and thanks to @hinds_stuart on Twitter for the link......

Not been on the board much today so perhaps this was posted earlier but well worth 10mins of your time to listen to this guy who is Peter O' Connor's colleague from Shaw & Partners in Australia.

https://www.proactiveinvestors.com.au/companies/news/962486/davide-bosio-says-ma-heating-up-as-gold-equities-hit-52-week-lows-962486.html

I wonder who he could literally be talking about - ATB Paddy

Agreed Bamps - it's sometimes hard to take all the info in from an interview when it is released on the same day that the drilling results are dropped. I always try to listen a second and a third time in the following days to pick up on the hints.

Shaun has been fantastic IMO at dropping hints into his interviews and if you take it in conjunction with the comments from Fraser MacCorquodale, at the Diggers & Dealers conference where he indicated that there is a trending NW diorite dyke running through Havieron, then it seems to me that the higher grade breccias may well be concentrated around this dyke.

Exciting times for the geologists and drillers working on the deposit and very exciting for us amateur geologists watching it unfurl from afar.

GLA - Paddy

Well - I missed all the fun this afternoon due to a busy time commissioning a new system today. What a thoroughly enjoyable experience to log on and see how peace and harmony has broken out - for now at least.

Enjoy it GGP'ers - more of the same tomorrow please - Paddy

Some more good news possibly on it's way - if Alastair Clayton can prove up some sort of continuity at Apollo then all bets are off on the eventual size of Havieron.

https://twitter.com/paddygall1/status/1446033126715691008?s=20

Take you positions ladies & gentlemen - Paddy

So basically, anyone who wants to take a position or close a position has 3 trading days to do so prior to the PFS being announced.

There should be a slew of broker reports and updates that will follow the publication of the PFS and then we have the LSE investor webinar from Shaun the following week, followed closely by the next set of assay results from Havieron on the 28th and we know there are already 21 drill holes outstanding since the previous report.

Not to mention the possibility of the outstanding Juri results from Goliath, Outamind, Los Diablos & Black Hills dropping any day now too.

All in all, it should make for a very active October and them we have the updated MRE in December to see the year out.

Let's see where we get to in the coming months, GLA Paddy

Just woke up to see the email nestling in my inbox, so next Monday night at 00:00 hours the webcast will begin.

I think there may be an alarming dip in productivity in the UK as a result of the amount of people staying up to listen to and digest this much anticipated PFS study.

Can't wait to hear the details - GLA Paddy

I just saw your reply @Dip666 and I would personally like to thanks Nitram64 for finding the article this morning. It was an amazing read and a great find. People of that ilk don't get excited about geology without good reason and I think we will all be pleasantly shocked when it comes to light.

As GH used to - Havieron just keeps on giving - Paddy

Yes that is true @hydro, I was alerted by a DM on Twitter that a link had been posted to the article in the Telegram group.

I'm not in that group so I don't know who it was originally that posted the link but thank you to them for sharing, all the GGP shareholders across all the various platforms are brilliant at researching and sharing info.

That is what we all want, the PI's who make up the backbone of this company to be fully informed so they can decide to buy or sell on their own terms.

ATB Paddy

There's a very interesting passage in an interview with Dr. Brett Davis in the current coring magazine edition.

https://coringmagazine.com/article/qa-from-experts-conversation-dr-brett-davis/

Brett has established himself as a world leader in Structural Geology and now runs his own consulting company – Olinda Gold Structural Geology Consulting. Brett also serves as an Adjunct Research Fellow at his alma mater – James Cook University.

About halfway down the article he is asked what is the most interesting deposit he has ever worked on - he gives a few examples but one stands out for me -

"The Havieron deposit in north Western Australia is a beautiful deposit with amazing world-class textures. This is a relatively new discovery and much of the geological detail hasn’t reached the public yet, but when it does, people will be seriously impressed. Full kudos to the drillers who have managed to provide consistently oriented core over hole lengths approaching 2 km (˜ 1 mi)."

Time for the detail to reach the public methinks - GLA Paddy

Well it's looks like the neighbours are cracking on with it about 800/900 metres North of the three exploratory holes that we've put into Zipa and Havieron North.

https://twitter.com/paddygall1/status/1445337033220804613?s=19

I feel a bit of a run coming on I think, GLA Paddy

Next NCM update will come with the quarterly report on the 28th October.

https://www.newcrest.com/investor-centre/key-dates

ATB - Paddy

Hi Tom,

Cheers for the kudos - I appreciate it and am happy to help out.

I will of course keep checking the satellite feeds and updating people and anything else useful that I find out when researching will be posted as usual.

Shaun will of course be presenting at the next LSE investor webinar on the 19th October - one for the diary.

ATB - Paddy

Hi BTB,

2025 would be when they will be aiming for full commercial production from the high grade sulphide zone - we will 100% see revenue from Havieron long before then. The finer details should be included in the PFS. As today is the 30th September and Q4 officially starts tomorrow then we should be expecting that at any point between now and end of October IMO - amy later and we are getting into the NCM AGM - the MRE upgrade in December, etc, etc.

ATB - Paddy