Member Info for Bamps21

Freddie if you don’t like my views then you know what to do.
I present mostly facts as I see it , I’ve known for sometime how big this could be, I wouldn’t say that’s rose tinted glasses.
I can see flaws in the joint venture relationship, that was always bound to happen.
NCM have a lot of long term institutional shareholders in it for the long haul.
Ggp had a lot of PI holders who are not in it for the long haul of which you look like one of them hence your negative stance to get out.
Why don’t you take the easy road and sell up and buy into something else to make a quick buck.

My views are my own I don’t need to inform others but I like doing it.
If everybody was against me it wouldn’t matter it wouldn’t stop me, doesn’t bother me.

I know I who I am and I haven’t deviated from my positive stance, unlike you Sicko who has done nothing but criticise and have a go at anybody

Hi LA
They needed to do it to obtain bank debt.
That 5% will bring in far more money if we hang on to it.
I wish people would think long term for once

Hi MFU
I never said there aren’t issues between a Major and a Junior there’s bound to be conflicting views.
NCM are a big concern.
NCM use the same independent consultants to produce the MRE, they will be producing one that suits the requirements for the FS which will probably include another Ggp MRE, they didn’t need to produce MRE2 as it wasn’t ready.
The 5% will be agreed between financial and legal teams.
They are different teams so yes separate.

I feel the Eastern breccia grades are far more consistent than in the main ore body. The mining plan for that area will be far easier to design.
The Dyke sloping over 300m must be causing headaches.
The need to find high grade ore in the crescent for early removal is and has been the main priority and dominated the drilling.
NCM are focussed on that FS to produce ASAP, they are thinking long term.
Ggp shareholders think short term.

Hi Ruprah
I knew I would get stick on my view point that’s why I kept out of discussions.
The MRE was not ready to be produced in December as I have posted several times.
Infill drills were still due by the Interim date mid March.
It was Ggp who requested the 6 weekly results, NCM wanted to stick to their Corporate Calendar.
That MRE is needed to produce the FS not just to keep short term shareholders amused.
I’ve said this before but Ggp shareholders need to think more long term now the exploration phase is nearly over

Hi Schlemiel
When did NCM say they were going to carry on with the Interim drill results after the Farm in agreement finished? Can you point me to that!
The interims were at the request of Ggp, NCM have returned to their corporate calendar.

Hi Antigua,Schlemiel
There’s too many cloak and daggers stuff on here about NCM.
I found that bombardment of emails to NCM an embarrassing situation for all Ggp shareholders.
Shaun has told us the 2 teams are working very well together and he and Sandeep have been working closely on Havieron.
The cloak and daggers stuff is coming from short term thinking investors who can’t see the long term ambitions of NCM.
NCM are focussed on producing the Feasibility Study as soon as possible, they need to , Telfer needs this ore badly.
They are a big concern with set methods of working , they will not change to suit Ggp needs as a smaller entity.
I don’t buy into any of this NCM cloak an daggers stuff just nonsense in my view

Hi Droverman
Quite agree about the rigs.
We are coming to the end of the reachable exploration phase of course the rigs will be getting less. There is no point wasting money if you don’t need to.
The bulk mining plan will need a certain depth to be finalised this can only be achieved when the rigs get lower down. That is some time away.
I was pulling my hair out with some on here yesterday saying NCM are slowing this down what a load of rubbish.
Telfer is running out of ore, at the moment they are looking for more weak ore in that mine to keep the Telfer plant open and operational.
They can’t afford to slow things down will be far more expensive than the 5% if it closes.
I for one wish this 5% business had remained quiet or not existed with all the rubbish that’s been posted about it.

Oops Cj not Chris :))

Hi Chris
I would re look over your figures

The Sustainability Report is due out by the end of the March quarter, it’s either this week or next week.
What do you think he will be talking about?
It’s a big document.

From today’s Caerus RNS
“ Peak assay intercepts over selected horizons within each sample profile returned copper grades of 5.84% Cu over 0.35m, 5.51% Cu over 0.2m, 5.49% Cu over 0.30m, 5.22% Cu over 0.35m, 5.01% Cu over 0.50m, 4.98% Cu over 0.35m, 4.84% Cu over 0.20m and 4.7% Cu over 0.25m. The results confirm the delineation of a significant zone with a consistent grade across all sampled surfaces underpinned by high-grade zones of copper enrichment providing an opportunity for the Companies to prioritise an easily accessible, low mining and processing cost asset with scope to cover a significant upfront portion of the cost of processing plant capital.

Junction Stockpile

Results have been received for 4 trenches excavated to an average depth of 3.4 metres over a combined sample length of 127 metres returning a cumulative average copper grade of 1.3% Cu over 3.4 m. Peak assay grades over specific horizons within sampled profiles included 4.81% Cu over 0.75m, 4.79% Cu over 1.0m, 4.35% Cu over 0.5m, 4.17% Cu over 0.65m, 4.0% Cu over 0.3m, 3.99% Cu over 0.7m, 3.95% Cu over 0.6m and 3.6% Cu over 0.15m.

Similarly to the TROSP Stockpile, the Junction resource represents another target that can be mined and processed at low-cost to quickly generate early-stage cash flow.

Tailings ("Trails Tailings")

Two trench excavations across the Trails Tailings over a combined sample length of 44 metres returned an average Cu grade of 0.4% Cu and 0.2g/t Au over 2.6 m. Peak intercepts achieved during sampling of tailings included 3.03% Cu and 0.2g/t Au over 0.1m, 2.04% Cu and 0.4g/t Au over 0.25 m and 1.48% Cu and 0.2g/t Au over 0.15m. The average tailings grade significantly exceeds expectations returning a grade that is double that anticipated. Tailings grades are indicative of another easily accessible and mineable asset that can further contribute to early-stage cash flow.”

“ There are multiple other targets within the /Caerus portfolio that are currently being tested, initially for copper - gold content, and, subject to grade, metallurgical test work to determine the most cost effective and efficient way to pre-concentrate metals prior to transport to a central processing facility.”

From 16th December RNS
“ Outside of Africa, the Company is already working with Caerus Mineral Resources to research and test dumps in Cyprus, left by many mining operations over many years.”

From Bezant RNS 15th March
“ Troulli Project: stockpile sampling average grade of 1.2% Cu; tailings sampling at double projected grade; and positive copper and gold mineralisation drill results outside main Troulli deposit area



o Troulli stockpile sampling has returned a consistent average copper grade of 1.2% Cu over more than 639 metres of trenching with sections sampled at 5 metre ("m") intervals.



o Troulli tailings sampling over 44 metres has returned an average grade of 0.4% Cu and 0.2g/t Au, double the projected grade and provides a further easily accessible low-cost resource for early cash flow.”
“ Martyn Churchouse, Chief Executive Officer of Caerus said "The recent results are very encouraging on a number of levels.

Troulli project stockpile assays have met expectations and confirm Caerus's view that they represent an ideal target for early treatment to generate cash flow to meet a significant proportion of the anticipated capital cost of the processing plant. The ability to meet the bulk of capital costs upfront provides a lot more flexibility with regard to the subsequent mining and processing of hard rock and lower grade dump material.”

From an e mail
We are delighted to announce that Shaun Day, CEO at Greatland Gold will be presenting live on London South East at 11.30 am, March 21st. Please register below.
“This will be followed by a London-based Town Hall Meeting for shareholders at 12.45 am, March 21st.”
Presume it’s that one

Limited spaces if it’s this place
https://www.townhallhotel.com/meetings-events
Bethnall Green

Is anybody planning to meet SD at the Town Hall next week?
Can’t say I can make it there which is a disappointment for me

SD may be issuing the Sustainability Report due in the March quarter.
Likely to be a big document.
Newcrest last year was 112 pages
Little bit on Havieron page 73
Lot of information on electric sources fuel usage etc

https://www.newcrest.com/sites/default/files/2021-11/211103_Newcrest%202021%20Sustainability%20Report.pdf

Hopefully info may come for our other licences

Continued
Specifically Bamps they will walk upto a draw point, look at it to SEE what rock types are there and take samples.
They could indicate waste only on visuals and even loader drivers could decline to load as ore if they can see its not mineralized.
But grade control is for the geologists and sampling Dept.

Bear in mind the difference with open stoping and SLOS. In these methods the ground is blocked out and chip samples taken up and down the raise to determine if it is to be mined or left as sub economic.
The blocking out will often be done so as to isolate low grade ore to possibly leave as uneconomic.

Been picking the brains of our mining colleague:-
“ Yes, Bulk Mining is quite indiscriminate wrt to the rock which is broken in the general ore body ie ALL OF IT.
However selection and control begins when they install the under cut development. They will have a plan from rock mechanics as to how the ground will cave progressively and so will position their initiating blasting schedule to fill draw points accordingly. Initially the caving may behave well and stay close to the limits of the ore body (encouraged by their initiation drill pattern.
But the bulk of the caving can be expected to occur within the ore body as a vertical funnel above the draw points.

The country rock side walls will eventually also slough and cave in as well eventually arriving at the peripheral draw points which will be samples on a regular basis to establish when this occurs and so eventually be left undrawn. (When the Bulk Cave reach maturity we can expect). The collapse of the ore body into the central part of the Cave will inhibit side wall collapse.

Eventually sidewall countryrock will become a problem and impinge on more and more of the drawpoints as the cave moves into maturity.

So waste as from sidewall collapse will be left undrawn in the drawpoints. Unless the believe there is ore to be freed by pulling the sidewall waste which will be loaded, trammed, extracted and dumped on the "waste TIP.

"Waste" ? from within the ore body is more complex.

If there is zero gold they will want to be aware of this and treat it like sidewall country rock material. If it goes into the ore stream to mill it will adsorb gold and report to slimes with gold it didn't start out with. They will be aware of a substantial lump of this being due to arrive and so will sample and test for it (daily?) at the draw points.
When they detect it they will load, tram and tip it to the waste dump avoiding it going to mill. (or use to backfill ?).

But how will they deal with the ore. This is where Bulk Mining works so well.
The cut off grade will be fixed in terms of the fixed and variable costs of the mine.
Anything with enough gold to pay variable costs is treasure.
Anything with low grade only sufficient to cover fixed costs is marginally economic.
Since all the capex is done we may as well mill it to get the gold to help cover some fixed costs. So that goes to mill.

Bear in mind these calculations always allow for the residual gold with isn't extracted and must go to slimes.

Grade control is a hugely important part of the process. It is entirely possible they will sample some draw points daily but certainly weekly.

They will also "seed" the ore body and collect them thus giving indications as to which part of the ore body is passing and where. Some control can be exerted by regulating the amount of draw from which draw points and this will be important wrt achieving "headgrade". Very important. All back to sampling the drawpoints.

So waste goes to waste