Member Info for Bamps21

Havieron was known about in the early 1990s but the drilling technology was just not capable of proving anything up.
A report in the early 2000s suggested NCM look for shallower targets, bearing in mind the gold price had gone through the floor $200-300 an oz making these deep discoveries uneconomical.

Having met Shaun in London I can honestly say he is the best man for the job.
Donald Leggett of LSE said to me I’ve never seen a CEO with so many Private investors around him answering questions, so to answer someone’s question yes he certainly knows we exist.
Callum is amazed there are so many knowledgeable shareholders invested in Ggp.

Before this joint venture happened you have to stop and think nobody knew the size of this orebody and that was only 3 years ago.
The jv was over a 6 year period.
The 70% target was a million miles away, GH and CB policy then was to prove up , sell and move on.
If that policy had been pursued we would have been well short changed.
Gervais stated he wasn’t the man to take us mining and this came like an express train.
Ggp did not have a team together that could cope with the likes of NCM in joint venture meetings.
Shaun has come in and has had to hit the ground running to set up an adequate team to compete with NCM at their level.
A lot of talk about the jv team not working together was completely denied by Shaun who said to us NCM team dropped in to their office the morning of the London meeting, they are working fine together.
He also stated that he often talks with Sandeep to discuss progress and has a fine working relationship.

Shaun is definitely the right man for the job, unfortunately for him this 70% clause was not of his making and he is doing his best for us.
I always remember the only thing he wanted to say about shorting was
“They will have to buy them back at some point”

Hi dimi
Yes a new generation of home buyers, the thinking of which I can’t associate myself with.
It’s a must have society with bigger things and must have now.
I really can’t see how today’s situation will pan out but some sort of correction will happen, how big is hard to say. The cost of housing can’t continue at this rate, it will force new houses to become smaller.
1970s slump was difficult to get mortgages and properties didn’t sell.
1981/82 recession nothing was built , no jobs.
1991 high inflation saw the start of negative equity
2008 saw dramatic shock in the housing market

2021/22 covid and post boom, high oil prices.
I’m hopeful for a soft landing but just doesn’t look like it

My point has been lost again but why oh why do people not talk about what we definitely have and not about something that for us has too many unknowns.
It’s why we are here it will escalate the share price at some point, without it we would be nowhere.
In the London meeting Shaun didn’t want to talk about the inherited deal, he wants to move on and build his multi billion $ dream and so do I.

Hi Ben
I’ve never seen a market like this, I’ve been out of management now 12 years and I’m still getting offers of work .
The thought of all the HSE stuff puts me right off no matter how much they offer.
Dealing with all you lot swapping sites would do my head in, my nephew is having a torrid time finishing houses that are not up to scratch and they’re still selling. He can’t get people to finish things properly.
I’ve not been in this position, I’ve worked through 4 recessions and it’s obvious another one is coming I can’t understand why people are still taking the risk of huge mortgages.
Keep going mate but don’t let it get to you.

There are 2 images of the Moodoo Seismic line which cuts through the Havieron licence in the SE corner.
https://wcsecure.weblink.com.au/pdf/ARV/02205421.pdf
Page 5
A triangular shape under Nimitz is what I was referring too as it straddles the Havieron border.
The cover depth can clearly be seen getting deeper from Havieron.
Seismics are sound shock waves and what they are looking for are reflective layers returning the waves to surface, they also pick up fault lines. They also pick up on anticlines and synclines in the strata.

A second image can be found on
Page 6
That image came from
https://wcsecure.weblink.com.au/pdf/ARV/02264726.pdf
Page 6
A 2 in 1 diagram above the seismic line is the plan and below is the section what is happening to the rock strata.
You can clearly see Nimitz targeting a fault line but it also targeted a reflective image.
To the west of Nimitz on the Havieron side of the border is a fault line, maybe this will become a target.
The Havieron fault thrust can be seen with Enterprise West targeting it.
Our third target outside of Havieron is on this fault thrust

Hi Spades
Well we’ve had 2 Zipa drills and a Hav north drills and according to Paddysat a new pad has appeared not far from Havieron north so they haven’t given up yet.
155 drilled between Hav north and the Eastern breccia seemed to be targeting the Dyke and only protruded 200m below the cover, no significant assays but did it go deep enough. The Eastern breccia is 800-1000m lower. I’ve no idea what they were targeting.
Drill 154 to the south protruded about 600m below the cover again no significant assays , this could have been exploring ground conditions for the infrastructure.
153 to the NE only protruded about 300m below cover , assays still pending but I’m not expecting much from this.
There’s still targets to the SW and SE.
The seismic line section in the SE shown many times on Artemis presentations highlights targets.
Goldworm has pointed out to me an area of interest on the border of Nimitz on the seismic section, a triangle shaped anomaly deep down.
It could be in line with the slope of the Dyke, maybe the Havieron source.
Although some here acted strongly when I said the cover at Nimitz was too much to be economical at 600m. The Artemis RNS for Nimitz confirmed it at around 550m. Much easier to get to though from our Decline, same could be said for anywhere on the Havieron tenements.

Golf17 you need to do some research because Havieron is ginormous
It’s as tall as 4 Malvern hills on top of one another.
The 5% has been done to boredom for the last 6 months and no one knows what’s going to happen.

:))
In the PFS they talk about 2million ton production mining plan.
In Ggp they talk about a 3mt mining plan
In the the upcoming FS they are going to provide a 3mt mining plan and according to the PFS 3mt and beyond.
If you remember Sandeep interview before the PFS he was chatting about a 6mt per annum plan, that would be tremendous achievement but probably won’t happen straight away with another plan in the pipeline.
The 3mt plan will only provide :-
FY24 700,000ton
FY25 2,160,000 ton
FY28 2,900,000 ton

A 6m ton plan would need some form of additional extraction method, this might not be ready till FY28 onwards.
A shaft to me would be the obvious method, going back to the vent shaft took no time to construct although where it was positioned it would only be about 70m deep.
I’m thinking more of a shaft to the central zone, you can see in Ggp MRE they’ve already thought about stoping that zone
https://greatlandgold.com/wp-content/uploads/2022/03/20220303_GGP_Hav_Resource_Reserve_Update-with-images.pdf
Inset plan on page 20
The central stoping plan has been thought about and this was taken from NCM environmental assessment study issued last year , so they have been thinking about it for sometime.

25% of 6mt per year is 1.5mt per year of Ggps’

Hi Malva
6 months of discussion is beyond exhausted, you can’t filter the thread.
I should have changed the heading to
“25% of Havieron is massive “

Hi Zoros
Totally agree with you .
That subject is exhausted totally

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

Feasibility Study

“The Feasibility Study underway will also assess production rates of 3Mtpa and beyond”

Does the “beyond” phrase refer to Sandeep quote of 6mt per annum?

Has drill Had55 expanded the back area of the Western zone?
Will zone 1 have more high grade ore in it than originally thought?
Will 500-600k oz per annum be achieved from the first zones?
Will the gold price get back to $2k and achieve $1k profit per ounce?
Will first Ore be coming out in 18 months?

25% of this mine is huge

NCM MRE
Indicated reserves 1.6moz

Indicated resources 1.9moz and 99kt cu
Inferred resources 1.7moz and 67kt
Total 3.6moz and 166kt cu

Rincon figures are NCM figures for resources not reserves

Ggp MRE

Indicated resource 3.1moz and 146kt = 3.8m oz eq
Inferred resources 2.4moz and 72kt = 2.7moz eq
Total 5.5moz and 218kt = 6.5moz eq

SE crescent indicated and inferred resource =
3.5moz and 158kt = 4.2moz eq

Probable reserves (mineable)
Indicated 2.4moz and 109kt = 2.9moz eq

This comes back to resources v reserves

Resources are not mineable they’re in the ground mineralisation with less confidence of estimation.

Reserves have a greater confidence of estimation and being mined

https://www.investi.com.au/api/announcements/rcr/34749691-ecc.pdf
Page 6
Left hand plan 3.4moz and 160kt cu
Right hand plan 3.6moz and 166kt
?

There’s loads happening
https://www.newcrest.com/sites/default/files/2020-10/200921_Denver%20Gold%20Forum%20-%20Presentation.pdf

Page 12
4 plans
Jun 19, to Sep20
Then look at the progress in the last RNS on page 7 of the Ggp announcement
That’s 3 years progress astonishing speed in the mining industry
Normally takes 10 years to production in a standard mine and Havieron is down deep
Take a look at Hemi a big mining opportunity
Still waiting for
Heritage surveys
Environmental surveys
indicated/probable reserves only resources
PFS
DFS
Mining plan

Havieron must be one of the quickest giant orebodies to get to production

Hi mf
I have calculated and shown 1 billion tons I wouldn’t like to comment on 2 billion.
It all depends what depth they can mine down to.
I’ve suggested 1300m of ore plus the 420m cover.
They may be able to get to 2400m total if it’s economical, there hasn’t been enough drilling yet below 1300m just a handful but those look promising eg drill 90

Hi mf
You suggested it :))

What’s happening to the crescent?
Has the sulphides moved?
That plan suggests a size of 900x600m so that’s 250m longer and 250m wider at this level than the top ovoid.
The crescent disappears after 350m leaving a diminishing vertical pipe of sulphides.
That pipe is now a thin vein in the centre on the southern boundary without the Dyke cutting through instead of being at the bottom edge.
This is all due to orebody expanding to the east and the Dyke is following it leaving the sulphides behind.

Quick replies to some answers
S1 and S2 refer to the sections below the plan on the next pages. This confused me as they are annotated incorrectly they should vice versa S1 is S2.

Drill 104W1 had no significant assays it looks like they had trouble with it and started again with W2 from the same position.

Drill 55 should is not at these levels it’s 400-600m above

Drill 133W9 finishes slightly above this 1050m level

A lot of assays pending poking through the Eastern breccia below this 1050 level
104W2 starts at 1754m drill length which is just under 1100m of vertical ore
104W1 indicates an intercept of +1g/t suggesting there is a target there but not reported.

A 1300m slice in the future looks like it’s got the potential to expand the 900x600 size to the north, NE, E and SE
I’m hoping for 1200x800