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My own thoughts about what is happening seems contrary to most of you on here but I think Winu and Telfer will be up for grabs.

I was a bit taken aback by the Rio jv last year and I came to the conclusion they were pulling back from the Telfer zone of influence. Their jv with other companies within the Winu zone of influence have been unaffected . There has been rumours a few years ago of Rio pulling out of Winu and they are resurfacing.

When you look at Rio latest news the next few years capex is absolutely enormous for a West African mine and the Mongolian mine.

Capex for Winu is likely to be held back, a sell looks on the cards to me.

If Shaun gets both he won’t be sending material to Telfer, Winu needs to be a processing hub for all the satellites targets around there remember these could be 50km north of Winu.

The economics of transporting ore to Telfer would be mind boggling expensive so a new plant at Winu has to be expected.

Telfers EPA allowed for around 80 road trains a MONTH to Port Hedland carrying concentrates.

30m tons a year from Winu would be around 470 road trains per DAY plus around 100-150 per day going to Port Hedland with concentrate. This is just not feasible.

The heritage situation at Winu has been rather difficult for RIO their exploration around Winu has been disrupted and their huge licence holding up there must be up for grabs.

Exciting times ahead but a bit of a lull in activity at the moment. Head down at the moment. Keeping everything crossed. 🤣🤞

Hi Malva

Look forward to it.

You might not get much sense out of me, people keep plying me with red wine 🍷 🙂

Hi Malva

It’s not the place here to air our views on an another asset, we’d need to sit down and go through it.

Hi Malva

I personally think you haven’t grasped the mine plan very I’ve itemised a mining plan for the 6 pits and to sustain a 500k oz plan passed halfway down is not possible.

You remark about the open at depth but they’ve not found much at present and will stope it. They are very long thin thrust faults they will be expensive to stope as they are very spread out the capex will be high. Havieron ore body is straight down and compact so the decline will serve all the stopes and the future bulk mine.

I think you are blinded by Love of Hemi and can’t really see through this mine plan and you don’t really understand the mining plan of Havieron. I’ve spent many hours planning a mining sequence for both and I don’t see what you are seeing.

The smaller targets at Hemi are very irregular and have a sizeable dilution problem whereas Havieron internal dilution is low and whole dilution is only 6% +3% to include paste fill coming out with the bulk mine if that happens.

Enough said from me I’m not invested in Hemi and I’m not that interested in it to be honest.

Well I think that article says it all “sustainability “ is the in word, CO2 reduction, solar, wind and gas power station.

Sending their copper concentrate to Port Hedland.

This suggests they will build the plant there to produce copper concentrate. They will also take in other ores from other mines notably Calibre from Antipa but also targets to the west like Bulldog and Ggp’s Citadel Hill to the east. These are within trucking distances of Winu are small enough for trucking to be viable.

Winu is sat on a very large land package, I can’t find anything published of this exploration.

Winu is sat on roads/ tracks to Port Hedland by the look of things so makes sense to go that way than Telfer.

Getting ore from Winu to Telfer is uneconomic, not viable to truck that quantity to Telfer no matter what AISC. You wouldn’t run a mine like that.

There’s plenty of smaller targets all around Telfer.

The status of Telfer at the moment is precarious , ore is due to run out CY 25 that is June 24 onwards.

Rumours are around that there is more orebodies around the pits, I asked Shaun about this and he was stumped he didn’t know about or didn’t want to say.

The only thing I’ve found published is an old section from around 2002 which shows an ore body under the airport.

Getting the ore from Havieron is still critical to keep Telfer going.

The open pit is likely to run out first, NCM are not likely to invest millions for another cut back.

There is still some life in the underground though. The AISC at Telfer is going to remain high.

All this talk of trucking ore to Telfer from Winu is just not feasible.

Callum probably doesn’t realise they’re looking at 30m tons a year.

You divide that by 356 days and 180 tons per truck for a 3 bed truck that’s 469 truck loads per day everyday it’s just not viable, economical suicide.

500m tons divided by 30m for 17 years.

I can’t believe people are still talking about.

I know you lot don’t like the talk of comparing with other mines but how else will people know how good Havieron is.

There was some talk about the opvm at Hemi being 25,000oz per metre but that is over 6 pits. Let’s break that down Brolga the biggest one has 10,200ozpm but that is in only the top 200m and an average for the whole pit at 6700ozpm. Below that level down to the base of the pit the figure is around 3200 to give that average.

This shows a graph shape in the form of an S.

When they get down halfway the majority of the mineralisation will have gone.

Now look at Havieron graph on the last presentation

https://greatlandgold.com/wp-content/uploads/2024/03/Greatland-Corporate-Presentation-March.pdf

Page 14

Shaun always says that’s his favourite slide. Why?

There are 2 peaks at the top matching or beating Brolga, there are others approaching the 10,000ozpm.

Shaun described how some zones haven’t been drilled fully and they haven’t it’s too deep for surface drilling to find everything. What he is expecting is that graph to be vertical and still moving downwards and to the right at the bottom.

From my earlier posts from years back I described the future shape as being an upper and lower ovoids with lower one containing large amounts have gold.

The shape of this graph is going to be a reverse S and open at depth and grades increasing.

The Havieron mine life will be very long, the Hemi mine life at 500,000oz pa will be short lived.

Go to January 28th 2024

2 slides from the presentation

https://www.ggpchat.co.uk/viewtopic.php?t=124&start=60

The one shows a mountain with Shaun’s path to the top.

Snowdon is 1,086m high

Havieron mineralisation is 1,300m at getting deeper.

We have had a steeper hill to climb.

The second slide shows the volumes indicated as 3 cylinders.

A tiny one, medium one and a great big one, which is stated as being “ current estimated volume of the Havieron Breccia system.”

Hi Everyonesawinner

We are all living this dream right now 🙂

It’s big, it’s round and it goes straight down.

A b….y long way. 🤣

I can see your dreaming 🤣

Just not going to happen.

Shaun mentioned in London last year that trucking that much ore to Telfer is difficult.

I don’t know if you remember I was questioning the feasibility of trucking the 3m tons but they’re saying it’s doable, going up to higher figures per year is not doable and needs conveying especially if it ever gets to 20m ton pa in a bulk mine.

30mton pa at Winu is not economical to get to Telfer perhaps didn’t know of this projected figure.

If you look through Antipa news it states somewhere that their gold at Calibre could pay for the Winu ore to be processed either there or at Winu

Hi Malva

There is a lot at Hemi to consider

The gold is the only economic mineral it has to pay for the whole operation.

The only way 500koz could be achieved is having all 6 pits open practically at the same time as it gets lower the amount of tonnage coming out will get lower.

Their underground mines will be stoped so you can’t compare Havieron capex with Hemi as Havieron is very compact , Hemi underground looks to be in narrow thrust faults and veins.

Hemi irregular shapes will cause high dilution rates they’ve never disclosed any.

Havieron stoping will preserve the cover surface reinstatement will be minimal, Hemi will be quite extensive especially with a huge tailings pond to be constructed.

Hemi needs to extract 3x Havieron ore for the same ounces equivalent.

There doesn’t look like there will be dilution if Ggp by Telfer and the 70% according to what Shaun was saying.

There’s a lot of talk about more Ore to be found at Telfer so it’s just not the case of buying a plant on its own.

Don’t get me wrong I think Hemi is a good asset but it nowhere comes close to the Havieron orebody

Hi Everyonesawinner

At it again I see best you read the Winu MRE

https://www.riotinto.com/-/media/Content/Documents/Invest/Reserves-and-resources/2021/RT-Winu-reserves-resources-2021.pdf?rev=f5f9153801904622b652035860d015b4

30m tons per year

3 bed truck 180 tons

That’s 470 truck loads per day.

Yeah right that will happen NOT.

Hi Magictrades

Well done you 👏

At the Town hall I was asked many times where you were 🙂

Again congratulations

I see AIM99.5 is having another go.

The trouble with you is you don’t understand the difference between “crap” as you suggest and a superb mining ore body.

You are very ignorant of the fact how good Havieron is and also very naive at what is at Hemi.

The Hemi deposit is a good asset but it’s nowhere as good as Havieron.

Both have been going since 2019.

Havieron is a vertical orebody.

Hemi has 6.

Havieron’s SE crescent grades are around 3.6

Hemi’s grades are 1 to 1.5 g/t

Havieron mine life 14-15 years

Hemi 10 years.

Havieron is forecast 370,000oz pa at 3mt pa

Hemi 550,000oz for 10mt pa

10mt at Havieron would produce 1moz pa due to the higher grades

Havieron will use the Telfer plant.

Hemi will need a brand new one.

Telfer has already got gas and electricity connected.

Hemi hasn’t procured those contracts yet.

De Grey haven’t achieved debt funding yet and just had a massive dilution to fund the plant.

Ggp has a debt facility in place.

De Grey is 19.9% owned by Gold Road.

There is NO copper at Hemi.

When you start having a pop at people get your own house in order first or you are likely to show how naive you are.

Ah you’ve already done that

There is a difference between pressurisation and water flow.

Pressure would have been dispersed in the first few bore holes and there are 6 of them.

What the petrologists at Havieron are doing is monitoring the water flows into these bore holes they would like it reduced to 20 litres per second but it’s not quite there yet according to Shaun.

If you have 1 bore hole the water will come in to the hole from 360 degrees, if you have 2 bore holes the area between the holes will dry up first leaving water coming in from an oval shape around them.

With 6 holes, the area in the centre will dry up first. Over time in a confined aquifer the flow pressures will diminish to a dribble.

This a SIPA resources ASX announcement from Monday

https://wcsecure.weblink.com.au/pdf/SRI/02780550.pdf

This is Rio pulling out of their jv

This is from January showing the drilling logs of Rim and Jumper on 2 licences abutting Winu.

https://wcsecure.weblink.com.au/pdf/SRI/02760560.pdf

There is absolutely no gold and looking at the copper of about 1ppm you have to say no copper. Ground levels of copper are around 40-50ppm economic levels 8,000-10,000ppm.

Winu is sat on a NW trend which goes off to the SE and the back round to Calibre adjoining another NW trend and back up through Ggp’s Citadel Hill adjoining SIPA on the other side.

The question whether Rio hold on to Winu has been doing the rumour mills for 3 or 4 years now. I know they were having issues gaining heritage permissions to continue exploration activities 12 months ago, I’ve not heard about that since

Redtrader once again you have shown yourself to be very naive in your opinions.

People should ignore your ramblings as they are total nonsense and irrelevant.

Redtrader that is a totally ridiculous statement after all the research I’ve posted on Ggpchat you have not learned anything

Hi JD

Our Costa did a wonderful presentation at one Stroud event, it was very much appreciated , I think it was our best attended meeting (thanks to thedoors for all his hard work putting that on.)