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Hi Speedy/ Ace

I did look how far it was for me to get to your meet up 3hours 45 mins is a bit too far unfortunately.

Half my post got lost

The comparison is the the tonnages

How much would Cadia produce if they only processed 3mt?

Around 60koz plus copper etc.

That puts into more perspective

Hi Malva

Cadia is a big mine with a lot of low grade resources and producing big tonnages but from 35m tons of ore per year.

Their figures for the last 6 months are actual produced figures.

You are quoting the average figure for the best estimated for a year at Havieron from only

Freddie you are wrong there.

My cousin is an x director of Rio and he definitely thinks it’s a small deposit till I explained it to him, that was on Monday.

Don’t spout things you know nothing about

There’s also other factors

The 2m tons of copper with a very high recovery rate of 84% much better than some other mines.

Gold recovery rates of 88% with potential to increase to 92%

Dilution factor of 6% ( internal and external waste) that’s very low.

The ability to run stope mining and bulk mining simultaneously due to the shape of the ore body

People still don’t really understand Havieron.

It’s still viewed as a small project which stems back to the PFS and the MRE quantities and tonnages retrieveable.

What people don’t understand is the high grade nature of the ore body , which will give nearly the same value from 3mt to Cadias 35mt.

It’s compactiveness which will produce less internal waste rock.

It’s vertical nature making it easier to be mined needing less infrastructure spending.

It’s still open at depth and to the NE

It’s potential for longevity to many decades.

It’s potential for other minerals to be recovered.

It’s not understood by those not involved so when people say I should have sold well maybe but they don’t really or want to understand what is going to happen.

Without consolidation I would optimistically see a potentially much higher share price.

Some interesting screenshots

https://www.ggpchat.co.uk/viewtopic.php?p=4491#p4491

A new 3D inventum model has completely changed the end of the exploration Decline and down into the production levels.

Very difficult now to work out what is happening.

The exploration drive into the centre shown in grey is not connected to the new green design and neither is the 1st stoping level.

Very confusing!

Hi Lambinator

The fruits are the early years.

As I’ve described before Havieron high grade ore is in those sulphides, the 3mt per annum mining plan will produce nearly the same as Cadia 35mt, so don’t wish the bulk caving to come to early that will dilute the numbers.

If you work backwards from 6.5moz at 3mt per annum that will take 22 years.

If it does get to 20moz as some have said then that is around 800mt

Telfer plant can handle 20mt per annum that’s 40 years.

My calcs come out at 1bn +

Hi Dip

The way I see it the exploration Decline finishes prior to the ore body where the Decline turns right some 200m from the ore.

Shaun has told us the exploration Decline will continue into the centre for the underground drilling to commence this is all extra to the lengths we know about. It’s this drive that will cut through a 30m step up in sulphide ore, it’s this ore that some are calling “Development ore”. This is the first Ore which may get shipped to Telfer early for sample testing. The rest of the ore in that Drive will be weak crackle ore it maybe tested and if it’s good enough will be stockpiled for future shipping if it’s not will go to the waste rock mound. That’s about 6 months work involved.

The Decline will continue for another 500m or so till it gets the first level Western Front entrance about 150-200 from the ore face, then there’s about 300m of development drives and 4 vertical shafts to construct prior to any stope drives starting.

That’s a lot of work prior to production starting.

When this ore starts to come out it will go into the ROM next to the Box cut for grinding & storage until there’s enough for transport contracts to start.

Once at Telfer it will be stockpiled until enough is ready for processing.

After processing the copper concentrate will be stored and shipped out when there is enough to do so.

NCM have provided figures for 2024 processing at the PFS stage these weren’t very high but it’s always been known that processing would start in late 2024.

Hi Zoros

I know it’s difficult to keep that roadmap accurate.

Shaun has said reaching the orebody around March there’s about 6 months work from there to start production you don’t need official confirmation to work that out.

I don’t want people thinking production will occur in the H1/24 it can’t happen it’s always been H2/24.

Initial production will be stock piled in the ROM for initial crushing prior to transport.

A lot more revenue out of a SLOS operation than a bulk mine

Yes you’re right glad your checking

It’s very difficult to put these roadmaps together and need to be kept updated.

Decline complete Q4/23 will be very difficult to achieve unless the crew reach their record advance for a month of 750m, they’ve done it at Jundee but will they do it again?

SLOS production is not likely to start until Q3/24 or later.

Production will be stockpiled before shipping to Telfer.

First Ore though is likely to be Q2/23 maybe earlier depending on Decline advance rate.

From what I’ve been reading the SLOS looks likely to be extended and a sub level caving introduced below the overhang of the Dyke on the West side. Also an extension to the Eastern and Northern front SLOS on the East side.

Bulk mining to the Eastern Breccia I believe will be stalled why ? Because they’ve not defined the shape yet . Probably 2030 start date.

Bulk mine to the Northern breccia I feel may not happen, it looks like they don’t want to breach the surface, this could turn out to be a huge SLOS mine. The Eastern breccia bulk mine will not breach the surface.

Mine life could be 40 years plus.

I was watching the “Earth” programme last week and Chris Packham was going through the Eons of earths history and he mentioned about the molten rocks and how granite is lighter than basalt so separates and rises to the top. I like to think of it like a lava lamp with granite blob rising to the surface.

These blobs are referred to as granotoids and one of these can be seen at Wilki Lake now that is a very big one. Callum in his interview with Liam suggested that this was the source of Telfer and hinted it could be the source of Havieron. Let’s hope they get permission soon to drill it.

Will be very interesting what’s happening at Wilki Lake and down on south into Pascalle licence adjoining WL.

Wanman or Blackhills North, Ggp are calling it, is also mainly granite.

Scallywag is now not only the licence but is an area covering:-

Scallywag

Blackhills North (Wanman)

Rudall

Pascalle

Very interesting what’s happening with the cover at Rudall.

Havieron,Scallywag etc have a Permian cover so this is pre the great forests that covered the earth of the Carboniferous period. This caused climate change and maybe with help of asteroids these forests were wiped out forming the great coal fields of the world.

Rudall’s cover is Carboniferous so a lot of vegetable matter compressed into rocks, totally different to Havieron cover of Permian cover with its glacial deposits.

(NB! Dinosaurs and oil deposits came later)

Actually A35 001 and 002 were drilled to 114m depth and at 69m in 001 they found 12m @0.48g/t

003 went 204m.

Swan West also went down to 204m and was pre collared.

The Diamond drill went in there in June 23 testing that conductor.

Also A34 001 was pre collared depth 180m and was diamond drilled testing that conductor

Looks like they could be back at Swan east.

SW001,2 &3 were drilled in this area and from the resultant surveys a conductor was located. None of these drills tested this conductor and future drilling was planned to test this conductor.

There’s disturbance around 002 so they could be testing the conductor from there.

They’ve found anomalous gold, bismuth, tellurium and antimony(that’s warm not hot zones) in this area.

They’re saying there’s signs of a supergene there and will be looking for a source.

Supergene is more prominent at A35 and Pearl.

A35 has had 3 RC holes with installed collars for diamond drilling. The satellite pics have not picked up the recent DD holes.

These RC hole’s especially 001 drilled about 200m and found gold in the cover sequence. Water has run into the hole and it looks like this is mineralised and it may have effected the results. This is quite exciting as it looks like a supergene trap.

Supergene is where weathering or ground water takes out minerals from strata and takes them down through porous rocks until they reach a non porous strata dropping where the heavier minerals settle and accumulate.

This accumulation is suggested to be the conductor plate they are or have just targeted.

The 3 drills are in a line and either side of these are fault lines running north to south so they could be forming the sides of a trap.

A structure has been located( could be a fault line).

They’ve stated that the conductor could be Primary mineralisation.

(From RNS April 22)

Pearl also has a supergene and we’ve seen that silver result of 1300g/t but the mineralised fluids have found their way through a fault line and washed material from it taking it lower (this is where the cores were all crumbled). The conductor is lower down and latest results should be testing this.

Other mining plans ?

This needs to be put into context.

They are nowhere near in a position to understand yet how big this orebody is or the shape.

The exploration Decline needs to get to the centre and start underground drilling campaign and understand the ore body to enable future mine plans to be formulated in conjunction with the SLOS.

This should entail whether a conveyor Decline or a hoist will be used or both, paid for by the SLOS.

Newmont have a stack of other projects all clammering for cash.

Newcrest are paying out $1.10 dividend out of their cash reserves so that’s available for project allocation.

NEM will want projects to self fund until synergies are realised.

What are you expecting other than a 3mtpa mining plan?

It’s not 3mtpa from breccias this is 3mtpa from high grade sulphides, nearly equal to Cadias production from 35mt pa.

No company in their right mind would pass this opportunity up to retrieve high grade ore from the start and then progress to other plans from there.

This is just scare mongering.

No other plan other than SLOS is going to protect the underground water passage on its way to Lake Dora and preserve the surface ground level terrain

They could be back at London 003, finding out if that high silver, copper and tungsten is down there or whether it was contamination from the drill bit.