Member Info for Bamps21

Hi Ben
There’s too much being looked at here between the lines.
In London Shaun told us the calculations that NCM have worked on had not been received by Ggp , so there can’t be an agreement settled before these papers have been thoroughly checked.
I can’t remember what he said about Ggp papers being issued I don’t think they have.
An early agreement is not on the cards due to paper issuing.
Shaun does however want this out of the way asap but not at any cost

Hi Strudel
A conveyor decline will be steeper than the main Decline, even so from 1700-1800m deep the length would be somewhere 6-9,000m long.
If it went straight upto Scallywag it would be close to Kraken but I would expect a few turns in it so it won’t get that far into Scallywag.
It would reduce transport costs considerably

Hi Strudel
I would hope the conveyor decline will come out in Scallywag, not sure how the licence will dictate that.
There will be less cover there to get through more hard rock.
There is practice of concertina the conveyor Declines with connecting shafts to enable more than one face to be worked on at the same time, making it quicker to construct.
This will be from lower down maybe below the SE Deeps from a crusher station

Hi Antigua
“Your summary Bamps is NCM’s plan to hold back GGP’s value, in my opinion”
You expressed my summary as being something else to which it wasn’t intended to be.

Apart from that I appreciate your views but I don’t buy into them. I don’t like the situation with the 5% and will be glad when it’s behind us. Not very good contractual management in my view from previous times.

Hi Strudel
The decision to move the Decline further from the ore body was to allow for 4 spiral curves and not 5 resulting in a bigger radius forcing the top section south.
This decision was so Decline would get through the soft material quicker.

I have said many times I’ve been surprised why they never lined it with steel sheets or even concrete liners, after all it needs to be there for 40 years it would have been quicker in the long run.
Oh to be a fly on the wall in their meetings:))

Ah I see my post has been twisted back to the conspiracy theory.
That is the incorrect assumption.
Most of the infill drilling had been completed prior to 12th Dec, additional infilling is on zones that are deeper and of interest.
That’s why the Eastern Breccia has been included in the Ggp MRE
The depth is the issue now not conspiracies. Drilling is at most drilling teams maximum capabilities.
You can’t keep drilling if it’s uneconomical to do so.
That’s why underground drilling will commence when it’s viable lower down.

We are dealing with a big organisation who have had greater priorities recently than Havieron. It will come back into focus.
Because Havieron is Greatlands’ focus doesn’t mean to say it’s Newcrests’

Shaun was quite insistent that the Decline is about to hit harder rock so they know what’s coming.

By the time Ggp cut off date of 12th Dec there hasn’t been a great deal of infill drilling since.
Since then they have been targeting the Eastern Breccia, SE crescent and the Northern pod.
The EB drills are 2,000m each , they take quite a long time to complete, from memory it was something like 30m per day from the underside of the cover to 10m per day lower down. It’s a good couple of months per hole.
Whether the whole 90,000m will be drilled I wouldn’t like to say.
There were 3 long drills 153,154,155 which were still in assay , that were completely outside the ovoid.
Not sure if the will be drilling anymore in the North in this round of drilling but there is still the target to the SW Meco.
I would be expecting the NCM MRE to be similar to Ggp’s or slightly better, it all depends what they declare in the EB/SE crescent.
With the independent consultants forming Ggp’s MRE I can’t see there being much difference to NCMs.
The exploration drilling will tail off eventually moving underground but that won’t be for sometime when the Decline length permits.
Shaun did say in London they were still keen on keeping on drilling where possible around Havieron which is what I think 153-155 are doing finding zones of potential mineralisation for future planning works, although they were not that deep.

A new phase is nearly upon us, out of the Lasonde curve and onto production, very exciting!

This is just my thoughts on the journey for me so far and my vision for the future.
Started investing at 0.58p, I talked about it with TomE who jumped in with both feet , scared the life out of me the amount he put in and selling all TW stock. I just kept trickling in but keeping a broad portfolio.
Never in my wildest dreams did I think it would get passed 25p but HAD005 changed everything, I did sell more of my TW but split it between here and ITM hydrogen.
There was always going humps and bumps with this share price, that doesn’t concern me, looking at the future goal is all I’m interesting in.
We all no what we have now and what that might bring us, but I don’t think many here see my vision.

Ggp have a vast portfolio mainly in desert areas.
Mining is an energy hungry beast but times have changed.
Just look at all the majors trying to decide which renewable track to go down wind , solar and now hydrogen.
Fortesque mining are thinking long term, ambitious plans to supply Germany with 30% of its hydrogen needs by 2030, spurred on by ambitious plans of the Australian government to be a world leader in hydrogen exports.

Take a step back and now look to see what Sound Energy are about to do in Morocco, a new subsidiary to turn there licences into giant solar and wind farms.
There licences are mainly in deserts.
Dutch and North Sea trials to reuse old oil rigs as a hydrogen producer supplied by the electricity from surrounding wind turbines. Produced hydrogen will be pumped ashore via the existing infrastructure.

Back to Ggp licences, Scallywag is a big area between 2 major mining fascilities , it’s ripe for renewable exploitation to feed Havieron and Telfer and also export hydrogen back along the existing gas mains from Telfer for export.

The future is bright, it’s Greatland

Hi Tig
I’m sorry Tig I’m not going to be able to make it this time perhaps the next one. Was so looking forward to it :((

This is what could be happening by the time they reach First Ore in increasing numbers when the Decline gets into hard rock
Plant list
Development drills 5 no DD 421
Production drills. 2 no DL431
Production drills. 4 no DL421
Boggers. 8no LH621
65ton trucks. 10 no TH663

Once we get passed the first spiral ring there’s an opportunity for one more Development Drill and then after the 4th spiral ring another one a slow build up to start accelerating the Decline with more gangs and machinery when all this soft stuff out the way.

Had to smile reading this from my mining friend when he worked in South Africa

“On the Rand it was a very big deal when the shaft sinkers broke through ore.

Big parties, GM hob nobbing with lower ranks, Consultants from Head Office showing up to smile at everyone, even BOD and Chairman wandering around.
(or should that be wondering)

Point being 1 1/2 Billion R being invested on a reef 0.1m to 2m thick which no one could see. So something of a relief when it could be seen.
The tradition going back to early 1900's when Rudd used geo tech to predict gold at depth without outcrops being evident.

Luvd it. I do get excited !! I know !!”

Big party looming by sounds of things :))

Hi Paddy
I can’t find many drill holes that pierced that section through the top , most came in from the sides.
The grades on the 2nd and 3rd level Eastern front looks like the next best zones and some of that is down to HAD005, could be a better zone but the stope heights look higher so averages might go down.

Hi Jambo
I was in SXX but didn’t post then, I told my friends to get out after that planning meeting, I realised they were too small for that project and sold with a small profit.
Regarding tonnage in first years will be in the range of 3mtpa , that is the plan, probably be a slow build up.

My calcs on first ore must be taken in complete isolation from the rest of the SE crescent. As more production phases open up the average AISC costs will kick in but be erratic to start with.
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.
I used an average of 3% copper but some sections contain 8 and 10% grades which may lift that average.
With those high grades it suggests most of this ore is Chalcopyrites and maybe bornite, these have specific gravities of 4.1 and 5. This means the ore is denser , and this in turn means more minerals per 1m cube volume.
This in turn means more tonnage from the volume of ore produced.
Less ore to produce 1oz gold and copper tonnage.
The AISC here will be very low.
Actual Capex required from the Decline to this zone could be in the single million dollars.

Transport costs to get it out will also be less than further down due to the travel distance, but more trucks will be required to get the increase in tonnage out of the mine.

That’s why he doesn’t like me calling him Biggles :))

Rio licences including Winu in the Paterson district
https://wcsecure.weblink.com.au/pdf/ARV/02240825.pdf
Map on page 14
The licence to the north of Havieron contains Budgiedown which has just been drilled by Rio, it’s sat on the same geological formation as ARV’s Apollo whose results are due imminently. Which is said to run down on into Havieron.

That’s none of your business but I’m a long term holder here.
If you know so much about Rio you would know why I hold Ggp shares it’s a great share community and I have met many of them who are very pleasant people

https://www.lse.co.uk/news/RIO/guinea-asks-bauxite-miners-to-present-local-refinery-plans-by-may-hn4xer0j25rf7al.html

Rio own 45% of Halco which own 51% of the mine

Where’s this £7.5bn come from, first it was Queensland now Guinea

What’s that got to do with Queensland!
Quinea is a joint partnership it’s not all down to Rio plus the fact they have only stopped them exporting bauxite they want alumina to be produced locally to provide jobs, which I would say is fair enough.

I’ve no idea what you are on about QzQz explain yourself!
Green hydrogen in Australia is going to be big business all these miners and processors will be using it.
Fortesque are aiming to supply Germany with 30% of their gas needs by 2030.
It’s going to be a huge business ripe for miners and processors.
Green credentials and sustainability issues are becoming very important.