Member Info for Bamps21

Hi barna
I’ve posted a lot of info on EG here:-
https://www.ggpchat.co.uk/viewtopic.php?t=209&sid=7e55f9c4baa386d43ea4655c8b9aeb09

There’s 2 maps of EG the one overlay is over London showing the enormous scale of this project. This is showing the old licences held then.
The updated licences are shown overlaid over Stirling.
There’s also a map showing an early MMI survey, the best area is shown with a red circle that’s Wishbone.
This is likely to be the first survey updated by the use of the UFF practice, that I posted earlier today.
The old survey would be based on 250 micron particles the UFF will be on 50 microns.
This will refine data for future drilling.
Meadows in the south though is ready for drilling where Newmont did their surveys before ending the jv
EG is why I invested in Ggp about 6 years ago it’s an enormous undertaking even to know where to start.

After the disappointing results at Tama and A9 what’s next.
They have carried out 3 lines of an ultra fine fraction survey.
A geochemical survey taken from just below the surface.
https://publications.csiro.au/rpr/pub?pid=csiro:EP161101
I found this abstract to explain what they’re doing.
A lot of old ground surveys are done with a hand auger to penetrate deeper into the surface layer.
Newer surveys are taken just below the surface with a spade depth.
Older surveys look at particles down to 250 microns the newer Ultrafine surveys look for particles much smaller down to 50 as most gold particles are in this range.

These particles can migrate through the sub surface layers and can reflect what geology is below.
For example CAW10-A7 to the east of Los Diablos shown on the Juri RNS is on the line of one of these surveys. You can pick out the red and purple points where red 1.6ppb -1.8 and purple above 1.8
Normal soil samples range from 0 to 4 ppb.
So we have an area with anomalous gold between 1.6 to above 1.8 ppb
This could reflect underlying siltstone which are known to contain 1-4ppb gold or it could reflect other types of rock.
The next stage here would be an aero magnetic survey and gravity to find any anomalies and underlying geologies tested by drilling

https://www.tandfonline.com/doi/pdf/10.1071/ASEG2018abT7_4D
This is a paper showing how they use XRF hand held machines and DirectORE techniques used in these surveys

Don’t keep clicking on it
They get more advertising money
Very poor

From last RNS
“Greatland has a number of exploration projects across Western Australia and in parallel to the development of Havieron is focused on becoming a multi-commodity miner of significant scale.”

Hi Droverman
You have to be realistic with Telfer it’s struggling to keep going.
The last 2 quarters have seen margins of -$176 per oz to a gain of $154 in December
This is mainly due to the new cutback8 announced in November costing A$214m.
This has shown an increase in the head grade to 0.84g/t but it’s open pit where 10m tons were extracted but only 4.6m sent for processing.
This cut back has enough to see it through till early H2 25 that is July 2024.
The underground is still chugging along at 587,000 tons extracted all being sent for treatment.
When this cutback is depleted in 18 months time there needs to be more found to continue Telfer, the underground won’t keep it going on its own but Havieron ore will be being processed by then.
Copper grades are at 0.07%
Copper concentrate produced has realised copper metal @ 12 tons concentrate for 1 ton metal in the open pit and 9:1 underground
You would expect 4:1 normally

Silver 44,000 oz produced from 5m tons ore works out about 3g/t
A deal needs to be done quick to gain any benefit

Hi Chisler
The Telfer AISC is very high , the margins are lower and the copper is running out.
It will though put Ggp into a different category as a producer, revenues covering the costs at Telfer and Ggp running costs

In my view Fortesque will not be part of any joint venture on Havieron if there is a sale .
It could be Wyloo backed cash but also Tribeca and other institutional investors waiting to come in plus debt.
The Board Ggp has are quite capable of running Havieron and Telfer.
They use the same external consultants as NCM.
The site contracts already in place with Byrnecut and DDH/1 and others will just be taken on by Ggp or renegotiated.
Exciting times :))

A very quick rough calc on 3mt per annum for 100%
$220m for gold revenues
$170m for copper
$100m from Telfer gold
Could be looking at $500m per year after costs less taxes
Accretive or what, payback 4 -5 years

Hi Rah
Shaun told us in London he would only accept a mouth watering sum for the 30%, what that is I’ve no idea and I doubt anybody else would either.
I don’t want to sell the 30%.
I want to gain the 100%.
Enormous revenues coming for years
S-d the special divi, a big divi every year would suit me fine :))

Hi Tildo
Yes big capex to buy all 100% and Telfer.
Then again just think of first revenue
Whatever my calcs were for first Ore add another 70% + Telfer revenue.
I will have another look at these but I’m looking at 100% and Telfer to be very accretive .
Remember Telfer is producing, a weak grade ore being leached which is the cheapest processing option

Any buyer would look back at the 5% value of $60m and base 30% on it
That damn 5% maybe a blessing or a curse but posters on here were all over the place with its value, people were knocked back by that low valuation.
Might not be good to start quoting $ for the 30%

Hi Rah
A better vote would be whose in favour of Shaun pulling his finger out and making a bid for Havieron and Telfer

Hi Spades
North Americans are oblivious to what’s happening outside the US and Canada. That showed in that interview I posted.
My wife’s cousin retired as a Managing Director of a big Canadian Miner, when I was chatting to him about Greatland he’d never heard of them or Havieron.
His share dealings are done by a business advisor , so he didn’t know whether he had any.
He later flew to Australia with a meeting with 2 mining consultants to find out more.

On that interview to say Newcrests assets are 2nd rate was below the belt when they’re the 4th largest gold producer.
The last 2 years have seen some set backs and transitions at Lihir and Cadia, also Telfer ageing fast.
That’s all behind them now Cadia just about to get to their new 35mt plan and Lihir new cut back due to start.
NEM split years ago and NCM was formed gaining Telfer, I can’t see them wanting it back unless they have their eyes on Havieron.
Great timing now for Shaun and his new Board to show some proactive management and grab what he can from NCM

I personally feel this paper deal will fail without stumping up cash as well.
Too much to lose with the share prices, NEM sp on a high and lost 5% yesterday
NCM sh think it’s undervalued.
NCM likely to come back with a big defence and shareholder sweetener.
In its present form this takeover will fail and no sign yet that others will jump in.
Have a listen to this N American chap and see what they think about NCM, no mention of Havieron
https://www.youtube.com/watch?v=qh_oAnjOs7w

Cadia 2nd rate must be bonkers.

Oops
https://www.ggpchat.co.uk/viewtopic.php?t=311

Hi acechaser
The geology was very enlightening
Look at this thread
5th and 6th posts working back In date order.
You can see where I’ve picked out the gold results from historical drilling, none of which were very deep.
The 6th post shows the granite where Callum was on about.
No wonder they went for the Wanman licence to the NW

Interesting he mentioned Chrome
The procedure of processing chrome leaves behind PGE in the sludge
Jubilee are extracting the platinum from their chrome tailings in South Africa and they’re spending loads in Zambia retrieving copper and now cobalt from tailings.
As far as I am aware they are not branching out to other areas just yet.
I don’t think there will be great volumes of chrome to process , you need a lot of ore.
Platinum is an expensive process to retrieve and costs around $1,000 pt which is higher than it fetches on the open market but rhodium and iridium come from this process and that’s the benefit of the platinum

Hi IPad
Gold and silver will be extracted first and formed into Dore bars which should contain about 70% gold a bit of silver and maybe 25% iron.
I’ve never found out what happens to theatre iron.
From the gravity and flotation processes the rest of the minerals are in the sludge and sent to the copper concentrate flotation circuit.
Copper concentrate when sent to the processors contains about 35% copper, 30% iron and the rest mainly sulphur.
They have to remove the iron sulphides from the concentrate.
This forms a matte of a rough copper plate which contains other minerals, could be called blister copper.
This plate is turned into an anode by electrolysis in a solution
A mineral sludge is formed at the bottom of the solution.
The anode is then turned into a cathode copper plate 99.6% copper and any sludge again falls to the bottom.
This sludge contains all the credits including gold, silver, cobalt, chrome,zinc, lead and others.
Nickel is a different process but similar to the copper flotation
Tin needs to be retrieved in the gold circuit, the ore is crushed and ground several times just before the flotation process and is found in the sludge and removed prior to the copper process.

Fly in the ointment is the bismuth as other mineral’s especially gold and silver dissolve into it and has to be separated. This is where the new addition to the Telfer train comes in , they’ve added some sort of magnetic device to remove bismuth. Normally nitric acid separates them but they’re not doing that for whatever chemical reason.

That’s just the way I see things, others may have different opinions but it’s all a big chemistry experiment to get the best out of the ore

Hi IPad
Magic said he was aiming to prepare something on Scallywag / Blackhills just after the last results

Hi Jerry
You can make fantastic crystals from Bismuth and sell them on e bay for £20 :))