RE: Newcrest block?18 Oct 2022 23:46
Having a goal of owning 100% of a licence and setting up it’s own processing plant seems the slow sim of a lot of investors.
Well at the moment that certainly doesn’t look like the thing to do.
When you have a plant like Telfer down the road it makes the best economic sense to use it.
The only other processing plant nearby is Nifty and that’s been put in care and maintenance. It’s capabilities were limited to cheap leaching methods ie copper concentrates.
Around Panorama there are a few and some are not working that well.
Last few weeks we have seen Calidus report an AISC $2500. Without looking at anything else that’s a loss stemming right from the mine through weak grades, dilution and processing failures.
Experts are being called in.
Novo at Beatons Creek decided to mine and process without a FS or resource estimate , well it hasn’t worked now closing it down.
Newcrest are experts in their field they are changing the Telfer trains to suit Havieron ore. They have to as the Telfer ore was due to run out last year, metal prices increasing enabled weaker ores to become economical. That has turned with prices dropping again.
NCM have learnt a lot from Ggp and Havieron over the last 3 years and are now applying these new techniques in re exploring the Telfer licences.
There’s nothing else in the near term that will help Telfer except Havieron.
I hear you all shouting at me Minyari, but I’m not convinced it will fill much of a gap at the plant, it’s just not like Havieron the high grade will be weakened by its shape and intrusive nature.
Right at this minute Telfer is stuffed without Havieron and Havieron needs Telfer to use its expertise and to keep the costs down.
Sign In
Follow the stocks
