Member Info for Bamps21

I've read through the DFS numerous times and what strikes me about it is quality of the detailed designs right the way through it.

It's just Quality, Quality, Quality

That was Shaun saying he would have liked to have bought it for a $1 but at the time it had $500m closure costs.

Newcrest were leading the market to think it was worthless as the gold price was lower than the AISC. The WDD wouldn't have saved it at those prices.

Newmont would have closed Telfer by now, they didn't want it, their overheads need bigger margins.

Would be a great time to drop news of our Camp Dome on the copper market.

News of still drilling on it, second time this year, maybe a diamond drill tail through the collar. Investigating what's underneath looking for the source of the huge "copper blanket" under about 50m of cover.

This 50kt+ resource was removed by Newmont from the Newcrest MRE soon to be added back in by Ggp.

At the moment we are still waiting for the 2 outstanding approvals which don't seem to be that far away. After that will be the Decision to Mine by Greatland's Board which should be a formality.

After that is the final investment Decision, this should contain a definitive programme of works.

The FS document has given us some clues on critical path items, we know they've already progressed some long lead items such as the large blind bore drilling bit for a 5m dia hole.

We were told the decline was not on the critical path but now with the inclusion of the conveyor decline and waiting for approval system to be completed they're putting the conveyor decline to the forefront.

Going into the Lower aquifer early does put pressure on installing the 3 other ponds but they're looking into mechanical means of evaporation so these may or may not be needed.

The conveyor decline top section will not be complete when the bottom section gets to the basement. When this happens priority reverts back to the Main Decline which progresses towards the vent positions but still within phase 1 permissions ie above the basement level. No Stage 2 works will be carried out until the FID.

Installation of the conveyor won't be yet, there's a sub station to be built.

Whatever your age though you will be very welcome at our meetings.

We haven’t sorted out venues yet for next year . Suitable venues hold around 40-50 so you will need to register with Rotherby or Sureasblazes to get a seat. Bristol was packed too many for the room. Sheffield was a lot bigger venue with nearly 60 that felt comfortable.

February time maybe the first one in Malvern not sure yet

Good luck all 🙂

Hi Jerry hope you are enjoying the cricket.

What I'm seeing in our meetings are a few young and middle aged investors but most are enjoying retirement or hoping to retire.

I'm hearing from these though how many of their younger family members are invested and these numbers seem to be growing. They want to know what's happening so most of our attendees are relaying info back to their families and friends.

We have a huge community out there, of course some have plans for their profits but a great number of them want to hand most of the remainder down to their families

The planning for this new second decline or conveyor Decline looks meticulously designed to progress in 3 stages.

In the FS document Figures 12 and 13 show two stages:-

The first stage shows a diversion being formed from the existing Decline over to start the centre section of the New one. This looks to be below all that mudstone and upper aquifer. They are not showing when they will tackle that difficult section first section from the new box cut. The centre section will continue down towards the lower section which starts from where the existing decline came to a halt.

Second stage

This shows the existing Decline and the new lower section continuing in tandem through the lower aquifer to the basement. It also shows the new centre section approaching the lower section.

Well thought out by the look of things, they are not rushing to get to the ore, this looks strategically planned to get the conveyor down and in use. It should give the initial trucking logistics more scope for the amount of trucks required.

There is also a detailed breakdown of the metre/ month advancement the Declines will take through the basement rocks below the aquifer.

The critical path though are those 4 vent shafts they have to be constructed through that bad ground and the 2 lower aquifers. That too seems to be well planned out.

They're also showing a layout of the conveyor transfer station where one conveyor discharges on to another. This looks to be a large structure in a big cavern. Not as big though as the underground crusher area.

Loads to go at, let's just hope they hurry up and get started.

Hi Tom & Ben

Someone in Sheffield was talking about reading the TW board and following your posts, he didn't remember me being on it LOL.

Sureasblazes 2 friends both followed us on that Board and then into Ggp, the 3 of them are great fun.

Nice to see Ben at Sheffield 🙂

Hi pj it depends how big the WDD eventually gets to. The Newcrest report from 2011 suggests at least 1500m and the admin documents show an ore body in the LLU way below what Greatland are showing at the moment. 🙂

Hi pj

Will be a big question what to do with excess FCF in a few years.

The WDD will take quite a bit but the obvious one is to develop O'Callaghans and diversify with tungsten.

The news yesterday that they are still drilling at Camp Dome is very promising and another big project.

Hi Smokey

I've looked at those sort of venues and they want so much a head, which is restrictive

Hi pj

After reading that presentation I felt the same as you underwhelmed. I had trouble seeing where there low grade came from and a lower reserve estimate than I had expected.

Now after reading the document I am more upbeat , I've sort of got why those figures were lower but really pleased they took the infrastructure to the perimeter and not through the Dyke. It's a lot more simple stoping plan, it will take longer to set up to get going but development ore will come out from the numerous drives going through the ore for fan drilling which is for the blasting procedure.

The crusher is at a higher level than I imagined at c400m down to take out 3.9mt. 73 months before any ore comes below the crusher.

As I pointed out way back this is at the limit really for trucking , 60 are planned as it is.

Plans for a further crusher lower down to take out the Eastern breccia could increase to 6mt pa.

The Decline will be started to get to the ore first, they will be going off from it to start the conveyor Decline, this was suppose to be built using Havieron FCF well not now maybe the future lower depths but not this stage.

Overall looks really impressive document, it dispells all the doom merchants favourite topics ie the lower aquifer, the actinolite asbestos issue and the bismuth issue.

Bring on the WDD 🙂

Hi Paddy

You know I'm always looking ahead🙂

Stage 2 extension is a huge zone to go at and will take many years to mine out.

The best grades though are in the underside of the base of the pit. They need to make the base area larger by pushing the benching outwards.

Stage 7 is like the marzipan on top of the cake, you need to peel it off to get to the better stuff. Stage 7 removal will lead to its extension and the central zone extension . This is a vast zone of moderate to high grade ore as it goes lower.

Vast volumes from all these zones will combine with the underground ore to balance the head grade.

This will utilise one train while the WDD and Havieron utilises the other train.

Super exciting times ahead.

Hi Howezap

I believe the single train approach was referring to the SRK report., which to my mind was very conservative and could say a bit pessimistic at that time. Due mainly to Newcrest not investing enough over the years leaving little to go on, the gold price at that time was around the AISC value so prospects didn't look good at that time.

The prospects now look tremendously exciting there's a massive mine growing in and below the West Dome pit.

Everything SRK have said about each individual deposit has turned out to be the opposite.

The additional flotation tailings leach circuit to be built for Havieron ore at Telfer is a tremendous boost for Telfer.

Good luck everyone

A PFS is being prepared now for the WDD but it can only be for a portion of it. Schedule for first half of the year

The FS won't be far behind.

The Admins doc shows the extensions to the WDD north and south by the looks of things and there's shown another extension way down with a spiral decline mine plan.

https://www.greatland.com.au/wp-content/uploads/2025/03/AIM-Admission-Document-10-Sep-2024-1.pdf

Thank you everyone for turning up today even though the weather was against us.

It's a pleasure to meet so many nice people.

Let's hope the Town Hall will be as good, I'm sure it will.

I don't see any issues with Havieron as Shaun has already stated recently that development ore will come out in FY28. Anyway if it is late the WDD will be coming on stream and it's higher grades so what's the problem so long as it's going through the plant and into the coffers.

Everything's in good hands as far as I'm concerned

I'm looking forward to today's meeting see you all later, those that are coming 🙂

Have a safe journey.

Just leaving Worcester

Thank you Poniexpress

I've no idea how I've done that many 🤣

There's a hint in that RNS they will be stoping it in the mine plan.

Alterations to the paste plant could mean a new route to the WDD