Newcrest Sandeep BAML Conference20 May 2020 10:10
Worth reposting the summary of that call. 9 drill rigs going as fast as they can. 15 trading days to next up-date...
Summary of key points noted from Q&A:
- Newcrest have never seen the level of grades at Havieron or such volume in the Paterson region before
- The grades are 10 x those currently being treated at Telfer
- Out of Havieron, Newcrest expect much higher margins and lower costs
-The breccia material is also mineralised. Expect use block caving & sub-level caving / high grade stoping methods
- Sandeep would start decline immediately if possible
- Fast track decline and permits - expected by year end
- 1st stage High Grade open selective operation - 1-2m tonnes
- Sandeep: "excited for a reason!"
- Buyout of Havieron / takeover of GGP - not denied!
- Pre-feasibility study - mid next year
- maiden resource before end of calendar year
- Sandeep: "we have 9 drill rigs - going as fast as we can!"