Member Info for Bamps21

Don’t go overboard with adblockers I have a free Adblock plus which does the trick .

I also downloaded the Pro version and it has a VPN and I have troubles now viewing web pages while roaming.

Hi Tom

The pop up videos are nothing to do adblockers, it’s a system upgrade.

Nothing I’ve tried stops these videos on my iPhone but you can stop them on other devices by going into settings then accessibility.

You need to look at my post from about a week ago for full explanation

Shaun said it took him over 12 months to persuade Mark Barnaba to join Ggp

From what I’ve read in the submissions the road design layout is similar to the Decline layout, by that I mean there’s ancillary side shoots off the main road. Some are for water run off others for turning or emergency areas.

The actual length is 55kms.

Hi jkeith

Just to make clear your post the 6.5moz eq resources includes the 2.9moz eq reserves.

It will be difficult to achieve plus 9moz eq resources this time.

Hi TT

I don’t feel there is any confusion just people not really understanding the make up of Havieron and the mining plans.

This next MRE is only based on the high grade ore and attached breccia that can pass the Jorc compliant rules, which is around 9moz hard to get over that figure . This will include a reserve figure of around 4moz, this is the figure a starter mine will be based on, this figure can also be added into the accounts as an asset not the resources.

At this stage 9moz is irrelevant to the mining plan.

The mining plan for this starter mine will cover the high grade sulphides and some attached high grade breccia.

Any other ores will be in a future mining plan/MRE.

The total volumetrics will be a progressively increasing sum over many years.

Volumetrics of Havieron is a complicated subject even though it is a compact vertical orebody.

All depends what cut off grades are used, many mines use a cut off of 0.1g/t and the volumetrics are large.

Due to the high grades Havieron needs a cut off of 0.5g/t so the volumetrics will be lower but saying that this is a very large orebody.

My early calculations were based on a grid system, and the conclusion I came to was an average grade over the whole orebody was 0.75g/t. From the presentations the ore per metre graph the average has been increasing over time and at the moment is around 0.67g/t so it’s getting close to my average and I expect it to go up further passed mine especially with the coming fan drilling.

I came to the conclusion in late 2020 that this volumetric has 20moz and using the 0.1g/t cut offs I’m somewhere between 40-50moz but that is a long way off as the 0.5g/t cut off gives a lower figure.

Shaun in London quoted 20moz but referenced it to Telfer where they’ve had a 20moz orebody but it has only produced 13moz and that is the figure he would expect.

Telfer though has low cut offs and lower recovery so I would expect an overall higher Havieron figure.

As at Telfer , Havieron will eventually mine out its high grade ore and the 0.1g/t cut offs or lower will then be mined.

I would expect a low conservative figure of the volumetrics while the high grade is being mined and then increase over time.

PS Davieri not invited what a plonker

Havieron

It doesn’t really matter how you say it or how you spell it, after all it came from Startrek Voyager series 3. I’m a bit of a Trekky rewatching the series I’ve got upto series 2 again at the moment.

Quite apt really that the name came from the stars as gold, tellurium and other precious metals came from colliding neutron stars and resultant explosion sent these metals to earth for Greatland to discover.

The share price will eventually take us all back to the stars but it’s a long journey and we may need warp drive 🤣

That’s ASX though

Hi MH

“The key shareholding thresholds in an ASX-listed Australian company from a Corporations Act perspective are: ≥5% (obligation to file substantial holding notice), >10% (ability to block compulsory acquisition), >20% (takeovers threshold), >25% (ability to block scheme of arrangement and special resolution), >50% (ability to pass ordinary resolution), ≥75% (ability to pass special resolution) and ≥90% (entitlement to compulsory acquisition).“

https://content.allens.com.au/the-allens-handbook-on-takeovers-in-australia/shareholding-thresholds/

hi ben

i sent an email to shaun last week asking if he could do a short interview explaining the budgiedown results, very surprised that he did one so quickly . i hope it was more reassuring for a lot of you.

he sent me a long email in reply.

i recognise that the exploration there is very early days and a had005 drill is unlikely.

he says strickland is his personal favourite but will be guided by the geologists.

there is a 40% surrender of that licence due late december but there is also a 50% heritage restriction on it (let’s hope they coincide) and he’s trying to sort that out.

the historical results show that chilly and paterson dome are mainly copper dominated but manuka to the west of paterson dome anomalous gold and other vectors such as ****nic and tellurium. these 2 is where gold adheres to them and found in ****noids and tellurides .

shaun’s last reply to me states “there’s a lot happening as we close out the year”

he won’t say much about what’s happening at ernest giles other than he knows there’s a lot of interest in it and we are keen to know.

also telfer dome to the north of paterson dome the surrender areas have been submitted as stated in the rns.

Hi Ben

I’ve had warrants before you don’t have to exercise these as soon as it gets to 10p, for me it was best for the price to higher and took the profits.

How keen are Wyloo in gaining these new shares we are not going to know yet.

Once these warrants are exercised they will own nearly 15% of Ggp if you include the co- investment shares of the Board.

If they are keen to get a bigger % it could be them buying now.

Exercising the warrants soon will mean that Ggp will no longer need that A$50m loan from Wyloo and can use that money to pay for the warrants.

I think it’s 352,600,000 shares or A$60m, I’m not sure which way round they will pay for it as that amount of shares at 10p is A$67m with the exchange rate. Paying A$60m means less shares.

Anyway at 10p and warrants taken up the company shouldn’t need that loan and have a lot of money in the bank. 🙂

It’s very recent it’s showing the mound nearing its final shape.

By that I mean all the soil and rocks before it gets to the lower aquifer, the rock from there will be the cover over the mound and shaped prior to the topsoil covering.

The Bing maps are very clear but the mound is nowhere near complete and the evaporation ponds are not constructed so maybe 6 months or more out of date.

Hi Ace

🙂

Havieron is not alluvial gold, it won’t be coming up in any spoil heaps.

More likely to find bismuth with the metal detectors but walking around these rock mounds will be strictly prohibited.

I doubt very much you will see any of the gold coming out with the sulphides as it’s attached to and combined with other minerals only processing will separate it out.

Just think 1-10g per ton would you find it.

As a very large unique orebody I feel Havieron will write its own Lassonde curve.

With 2 large risk events in the last 2 years and the great number of shorts the bottom of the curve has probably been deeper than it would have been.

This should mean a more pronounced rise towards production.

Where did gold and other heavy metals come from .

Last night I went to an Institute of Physics lecture on that subject theories of which are still developing since Hubble telescope and the James Webb Telescope have found colliding neutron stars.

There’s a great video on line

https://m.youtube.com/watch?v=7wKFxSwI_84

Brilliant stuff 🙂

Goldworm and myself have had long chats about the Antipa licences in the pub and we have differing views.

Minyari has probably the best mineralised deposit near Telfer other than Havieron.

However I feel the make up of the pipe will cause the processors a headache.

My reasons for this is the 45’ slant of the orebody firstly making it difficult to remove ore without a large dilution/ waste rock content.

Within the pipe there are numerous high grade veins of a vertical nature with weaker breccia in between, this will weaken the average ore grade downwards.

The economic cut off of 0.1g/t is very low bringing large amounts of weak ore into the mix. This could mean a leaching process is needed which might not need Telfer.

At the last Town Hall Shaun didn’t say much about Antipa apart from Minyari is too small.

He was still very keen on Decka but that was before the results. I’ve asked him by email if he still feels the same.

The Rio jv is probably the best Antipa has other than Minyari this is on a NW trend with PRE and Tetris.

I feel a longer chat in the pub is needed 🤣

Sureasblazes you have a way with words 🤣

Shaun told me in London Artemis have drilled everywhere we would have drilled.