Member Info for Bamps21

Hi Ben
That’s what it’s all about to have 25% of a jv with lots targets where a n other pays 75% of the costs.
If there was no jv on Juri very little exploration would have been completed.
Take Goliath 2 drills have found gold but not HAD005 quality. It’s a massive undertaking to keep exploring there it’s a huge target maybe 20x larger than Havieron. It’s going to take some commitment to explore that target.
Let’s go back to the Juri’s best target Saddlereef, a Telfer lookalike. That means a number of reefs sat above each other with possibly a large ore body underneath.
Ggp have sunk over a dozen holes in there + many historical holes none of them are really deep and have only scratched the surface here with maybe one or two reefs identified.
The targets footprint is way larger than Havieron we may be looking at 200-300 drills to get any sort of PFS study here, a lot of money needed.
For those of you thinking this is a bad deal, probably was but Ggp may have been sat on this licence for years trying to prove up one target and sadly a lot of us haven’t got those years to wait so it’s no point as investors waisting money in holding on to those licences.
A major will speed up exploration especially if one looks promising and Saddlereef looks promising.
25% of a promising target is far better than 100% of a licence.
We still retain 100% of Scallywag, on that licence all we have at the moment is a slightly promising target at Swan which could be linked to the Blackhills targets.
Other targets maybe left till revenues start being achieved elsewhere and Swan progressed slowly .

The benefits of having this jv will be the speed at which a target can progress to a FS especially at Blackhills Saddlereef
Two mines producing 25% revenues is better than one

Continued
Panorama
A very large area containing 3 licences with 2 distinct type of targets
In the NW a 6.5km long gold anomaly following a river bed and fault line.
The bulk of the licence contains possibly a very large cobalt anomaly maybe the largest in Western Australia or Australia itself.
Ggp suggesting nickel is there as well
Nickel deposit identified by Thor mining straddles the eastern border of Panorama .
Surrounding licences suggests there could be lithium.
Westar licence are targeting a gold/cobalt target along the western boundary of Panorama

Bromus
A long licence running NW-SE in the SW of Western Australia close to the nickel area.
A few drills have been done by Ggp and further modelling has found the sources of surveys near to where the drills were deployed.
Mainly a Nickel/gold target with MMI survey readings of 2670ppm that is 0.267%
Infrastructure runs close to the southern end of the licence road, water, electric etc
Licence renewal expected.

Rudall and Canning
Rudall is a large licence to the SE of Havieron with one Bullseye target anomaly possibly twice the size of Havieron.
Underexplored , drilling and surveying hopefully this year

Canning is way to the SE of Havieron but is in the same belt that runs from Port Headland to Musgrave mines and on to Olympic dam area.
Canning has 4 licences 2 of which contain Tabletop 1 and Tabletop 2 very exciting bullseye features , strong coincidence of the gravity and magnetic anomalies.
Historical reports by geoscientists suggest drilling of Tabletop 2 first down to at least 800-1000m.
If they’re big enough infrastructure will not be an issue.

Pascalle
A new licence to the west of Havieron and SE of Telfer has not had much success but Ggp seem to think the previous owners didn’t look deep enough.
One target is a bullseye feature similar in nature to Havieron.
A long NW trending licence with half a dozen targets Ggp are saying the targets need deeper investigation.
Pascalle itself is a bullseye feature with a fault running through it but not so deep.

A new licence has been applied for on the NE side of Pascalle on the continuation of the NW trend, looks like a long fold target

Havieron
An early stage mining development with Decline infrastructure progressing.
An ore body that keeps on expanding with increasing grades.
30% owned at the moment , waiting for NCM to agree a $60m purchase of Ggp 5%
Potential tier 1 resource with an MRE due soon to upgrade the Indicated and Inferred already announced.

Juri joint venture
Paterson Range East
Latest drill results on Goliath and Outermind both hit gold anomalies.
New models being formulated for future programmes.
New aero magnetic survey on the west side have found new targets to be drilled In 2022 A9 and 11 together with Tama an exciting “supergene” target.
Blackhills
An exciting area where the nuggets were found in 2018
Saddlereef and Saddlereef South are promising targets. Firstly a reef like prospect similar in nature to Telfer and further south a dipping ore body about 250 wide 60 m thick by 2km long.
Over 250 historical drills on BH have had gold in their drilling logs.
Drilling in H1 2022 will focus on A27 an under explored target . Saddlereef being drilled at the moment.

Scallywag
A large licence 100% wholly owned by Greatland
Earlier drilling of Kraken, Blackbeard and London hit gold and copper alteration and will help in vector studies of finding ore bodies.
2021 exploration had centred around Swan in the North , Teach and Barbossa west, assay results have located 8 conductors around the Swan area.To be drilled in the coming months.
The road between Telfer and Havieron is proposed to go through Scallywag, works to commence this year.
Environmental studies have been carried out on the proposed route.

Ernest Giles
A very long arching licence if compared to the M25 would go 2/3rds the way round.
A greenstone area renowned for its goldfields, much older than Havieron.
Suggested to have 2x 5m gold targets with numerous 1m camp style targets.
Relinquished 2 licences and have reapplied for Wishbone and Maple but not reapplied for Carnegie in the centre which reportedly had the nickel.
Ggp eager to start drilling again in this years drilling campaign but waiting for clearances.

Tasmania
Firetower
A licence with 5 areas of interest the best of which is Firetower itself a small bullseye feature with strong gold and copper readings near the surface open at depth.
Maybe containing 1m oz
Firetower west is a large underexplored area with gold and copper readings.
Star of the west in the north are historical workings in a forested area.
Firetower east has had a few drills picking up copper and zinc alteration, needs more exploration.
There’s another historical mine area in the NE.
Ggp working towards joint venturing this licence.

Warrantina
A long north to south series of historical mine workings
Ggp have concentrated their recent campaigns in the south exploring beneath historical workings picking up new targets deeper down.
Suggested to contain a 1m oz gold in total on the licence

Hi RELLIM
Paddy is taking a break for a while
Hydro can be found on the other site

It’s hitting up all round Panorama lot of activity.
Thor have just completed 48 RC holes on their Ragged Range licence close to the eastern border of Panorama.

Westar are starting survey work on the western border

Calidus all around with a gold mine at Klondike and processing plant, also excited about a lithium mine to the west and more gold to the east

Novo also working at Beatons Creek to the east

Plenty to look at on Panorama
https://www.ggpchat.co.uk/viewforum.php?f=88&sid=2529e53c10d886bab3dfedf1448ba4e0

Hi Zoros
According to those posters 007 and Russel.Hobbs I’m a retired road engineer but that’s all those idiots are going to know or should I say one idiot.
No I’m not in contact with Ggp apart from the occasional e mail and meeting Shaun twice with everyone else.
All I know is my early research has been coming to fruition with every announcement, waiting now for the gap zone to be filled in.
They’re not quite up to my assumptions but nearly.
I can see areas exceeding my assumptions but not yet.
Shaun smiled at me when I quizzed the size of the orebody but wouldn’t commit. The next update clearly increased the size.
I am surprised there’s still 6 rigs working there they must be now on the limits of what they can find from the surface.
Good to see them at Hav north again so they haven’t given up on it.
Also at Meco

On that link you can see a post on Saddlereef:-
This is a section across the Saddlereef target.
The black lines are drills 001 and 002 with the red lines the gold intercepts.
Not Havieron type intercepts nevertheless an arc can be drawn from 002 towards the older drill intercepts .
There is another one lower down at the foot of the section, which could indicate another arc.
By the time you get to 400m on 002 it passes under 001 by about 25m there is another intercept.

It has been said that Saddlereef could be a Telfer lookalike target containing a number of reefs.
These arcs could be the formation of reefs.
We may have lost a higher one due to erosion leaving behind the nuggets.
According to Strudel they’re still on or near pad 002.
They’re certainly not letting on what they are hoping to find.
Earlier RNSs never mentioned drilling 002 again, Parlay North and A27 are mentioned.
There’s certainly a gold system around as a lot of the historical drills are showing bands of 2 metre thicknesses over most of Blackhills and possibly stretches to Swan in the south and the new licence to the north.
These bands are close to the surface in a majority of drill positions.
Ggp policy of prioritising tier 1 assets, they must certainly see something at Saddlereef .”

This refers to a section I posted with it which explains my thoughts.

Hi kjc
There are different averages for different sections of the orebody
The SE crescent also has different averages for whatever depth you’re looking at could be 1%+ average there
The Eastern Breccia has recently been quoted at 0.3%
A broad average I base my calcs on has been 0.4%

Silverhorse that’s a very ill informed post if you want to move on great but don’t expect people to follow you as you certainly don’t understand this share at all.

To me Blackhills is worth far more than £100m on our mcap.
Rincon posted a map recently with Blackhills as having 46k oz from an old Jorc assessment.
They’ve been drilling on Saddlereef recently and according to Strudel are still on the same pad, this is growing.
The historical drills are showing a consistent band of gold intercepts right across the licence
The left corner is particularly of interest as the intercepts are on a granite target which stretches into the new licence to the north
https://www.ggpchat.co.uk/viewtopic.php?p=2432#p2432

The Western Front zone 1 is where the first production will come from.
They are targeting a 70m deep zone split into 2 levels of about 30m.
The top 30m contains the first section of HAD005 one of our best holes.
There’s some phenomenal gold and copper grades
within it.
Gold grades above 10g/t
11.23
64.1
32
103
211
12

Copper grades over 4%
10.42%
5.4%
8.5%
4%
5.3%
4.1%

You can see the high % of copper suggesting Chalcopyrites and bornites are present.
Chalcopyrites have a specific gravity of c4.1
In the first stoping tunnel targeting this high grade ore it could be 100 metres long x 15m x 30m high in total but not all at same time.
Volume is roughly = 45,000 cubic metres
Multiplied by a normal sg of rock = 45k x 3 = 135,000 ton
Multiply with an sg of 4.1 = 184,500 ton

For a specific gravity of 3 scenario:-
If we say an average of 5g/t x 135,000 = 675,000 •/•31.1 = 21,705 gold ounces

For a sg of 4.1 scenario:-
Or 5g/t x 184,500 = 922,500 •/• 31.1 = 29,662 ounces

Therefore there is an increase of 50,000ton of ore if there’s Chalcopyrites insitu for the same volume

There’s around 7,400 ton of copper using the 4.1 sg which is 2,000 ton more than a 3sg.

Revenues for 25% ownership :-
Gold $13.5m
Copper $16.6m

= c$30m revenue less costs

Ggp costs :-
SLOS operation $73m from top of ore
9 zones is around $8m per zone
Western front zone 1 has 2 levels =$4m each capex

Plus extraction costs
Transport out is at its shortest so probably the lowest AISC costs of the whole mine, I’m estimating $100-150 due to the high grades of both gold and copper.

That’s $300,000 per metre revenue in the first stope to Ggp

Can you see now why I think the AISC will be low in this first zone?

4plans
June 2019
Dec 2019
June 2020
Sep 2020
https://www.newcrest.com/sites/default/files/2020-10/200921_Denver%20Gold%20Forum%20-%20Presentation.pdf
Page 12
Just over 12 months growth !!!!

April 2021
https://greatlandgold.com/wp-content/uploads/2021/06/20210429-GGP-Announcement-Havieron-Exploration-Update.pdf
Page 8
Look at the sulphides thickening out :)))

Dec 2021
https://greatlandgold.com/wp-content/uploads/2021/12/211209-GGP-Havieron-Exploration-Update-with-images-vF.pdf
Page 10

June 2022
https://greatlandgold.com/wp-content/uploads/2022/06/20220609-GGP-Havieron-Exploration-Update-with-images-vF.pdf
Page 7
At this level 1050m of ore depth is 50% bigger than Decembers plan

Every quarter this just gets bigger and bigger.

( still room to grow) not quite got to my estimates yet

Newcrest mining plan announced in the PFS contained a 2million ton per annum SLOS stoping plan to mine the high grade zones of the SE crescent.

This was a complete change from earlier thinking of bulk mining this zone .
Reasons :- further information of the shape of the Dyke didn’t lend itself to this form of mining and secondly it would have taken too long to set up to keep Telfer going.

In the PFS they hinted that a 3mt per annum plan and beyond would be looked at in the Feasibility Study.

Ggp MRE mining plan is a 3mt pa operation based on a slightly increased high grade zone of the SE crescent.
https://greatlandgold.com/wp-content/uploads/2022/03/20220303_GGP_Hav_Resource_Reserve_Update-with-images.pdf

Page 20 is hinting a larger mining plan is being looked at.
In the inset there is shown a plan of a stoping layout for the northern corridor.
This has been taken from an earlier NCM plan shown in the Environmental Assessment application.
I’m expecting the 3mt plan to be superseded very quickly.
On the plan and sections on page 18 and 19 you can see the high grade zones in the central area
This is what I think may happen:-

The first level zone in the 3m ton plan has the
Western, Eastern and Northern fronts
Containing 2 levels of stopes
First one at 70m depth of ore
2nd one at 130m depth

The NW pod is at 130m depth
That makes a 4th front may be opened up at 130m depth.

The second layer of fronts also has 3 zones W,E and N with 3 stoping levels at 230m, 280m and 350m
These can all be extended into the Northern corridor.

Therefore the central zone fronts are likely to come into play very quickly maybe in the First Ore category, I’m expecting the FS to concentrate on the 3mt pa but with amendments to include the Central Front.
Studies will or have been undertaken to see how to get more ore out of the mine through the Decline or other means.

I don’t normally read these sort of articles.
You can see straight through this journalistic approach to stir up trouble.
His gloating about SXX telling investors to sell up 2 weeks before its demise was disgraceful anyone could have seen the writing on the wall, in fact I was telling other investors to sell after the planning meeting granting permission. They were too small to accomplish that project.

Were Ggp too small to take Havieron to production of course they were and it’s not worth pretending otherwise.
25% of a globally important asset is the golden goose for many junior exploration companies.

His financial assumptions are very poor but he is right to point out that some brokers production valuations are unworkable.

Initially 3m ton per annum is a maximum.
I tried to push Shaun in London to say we needed another form of extracting ore quickly and this should be a shaft not a conveyor, but he wasn’t forthcoming except to say he prefers shafts.
A conveyor will not be of use for this SLOS operation that will be from the bulk mining.
Sprotts 9m is unworkable.

This reporter has ignored the first Ore revenues and the consequences they have for the mine capex.
Extremely high grade from HAD005 right at the top where the gold may average 8g/t and copper 3-4% (he says a tiny bit of copper, at these grades those copper grades are very valuable).
This first ore revenues will be extremely high with a very low capex and extraction costs.
Shaun and Sandeep have both said this first ore will pay for the rest of the mine, well the SLOS anyway.
Lower down maybe in the 4th zone the revenues will pay for the bulk mining capex as the grades are extremely good here too.

This reporter has ignored this part of the financing and more concerned with concentrating on an outdated NPV valuation to twist the story.

The SLOS operation will grow in size if they construct a shaft or a second decline.
If this happens 6m ton pa + is achievable from high grade pods before any bulk mining.
The Eastern Breccia mine will be bulk mined as soon as the SLOS Decline gets down to the lower levels and may run in tandem with the SLOS lower levels.
The main oval bulk mine can’t start till after the SLOS.

The Eastern Breccia is too large for a single bulk cave so am expecting a number of these.

Ignore this article it’s just not worth reading.

I don’t remark about day to day share movements, immaterial if you are in for the long term.

They are the most pumped stock for the last 2 years.
I don’t think you’ve studied what is at Red Setter.
Look what happened to Artemis when they showed their cores pre assay.
Comparing Redsetter to Havieron is a nonsense

Muldoon you’re having a laugh aren’t you?

These so called key board warriors should be stuffed and fed to the Night Parrots :))

Well to all the spivs dismay I haven’t gone anywhere, I can still see my posts.
Been busy elsewhere you can find my work more easily, so I’m just not posting so much.
I really am not concerned about day today share movements I know where this is going.
Still hoping to do another Podcast in the near future:))

The map on Westar presentation is really good showing mineral deposit type targets right up against Panorama western borders.

Gold mines all around Panorama, lithium, nickel, copper and large areas of cobalt.

Then there’s Thor licence to the NE with nickel straddling the border