Member Info for Bamps21

I think I mentioned that they won't block cave the WDD due to the plant being close by.

But never say never.

As far as drilling forecast goes FY27 metres are going to fall dramatically they must be confident of having enough information for now.

Hi pj

The drilling at the moment is targeting infill drilling to the central zone of 600m.

I'm estimating about 18mt @ 2g/t is 1.1moz less recovery 3g/t would be 1.7moz, so that could possibly be only half of it.

Plus the stockwork below it and the M reefs above it.

Hi poniexpress

I picked this pub as it's near where I grew up and my mum worked in there in the mid 60s.

Everyone around there supported Rovers except me I support the other side 🙂

The Bristol meeting is tomorrow night from 6:00pm 12th November at the Henbury Arms.

It's a couple of miles from the M5 junction 17, if you are coming south from the M4 to junction 17 keep in the third lane from the left on the slip road. That always confuses me.

Henbury Arms, 189 Henbury Rd Henbury Bristol BS10 7AD

Presentation 7:30pm

The venue is fully booked, if you can't make it for some reason please contact Rotherby to cancel ggpmidsmeet@gmail.com

Hope to see you all 🙂

Still a few spaces at the Sheffield meeting on the 29th November Saturday at the Waverley from 12:00 lunchtime

Hi pj

There's suppose to be an anomaly under the camp site according to rumours earlier in the year and that is backed up by a sketch from Newcrest showing one on the east side of the pit. I think Shinybits or someone spoke of the rumours.

My calculations were based on a 0.75g/t grade for the stockwork not the high grade.

This extension can't be drilled yet till an underground drilling platform gets closer. The existing one is still too far away to lengthen the orebody, the drills just can't reach.

Anybody who came to my Theale and Stroud presentations would have seen me enthusing about the West Dome Deeps. I did many posts on it on here. The news today from that report confirms exactly what I was describing. I think they were all dumbfounded then as we are all now.

It's just not the high grade it's the stockwork corridor underneath . The high grade is in a reef around 20m thick, there's a dimension in another report that this stockwork could be 80m thick. In February we understood the WDD to be 700m long open both ends, the historical drilling suggests it could be 400m deep.

400x80x700 = c67mt is 1.6moz

I suggested the stockwork could be upto 300m wide looking at the few drills that went through it. We know now there could be another intrusion going through this zone and up through the LLU reef unit housing the high grade, so 300m could be a possibility.

We also know now that the WDD unit expands to the south by 300m or more.

This looks far bigger than the VSC which has 1.3moz.

It was obvious to me then that there were reefs above the WDU similar to the Main Dome these were removed by bulk caving. I can't see this happening at the WDU the plant will be getting closer.

This could be really big, very exciting times.

Hurstyj

Artemis have found hardly anything on their land next to Havieron and most of it is under deeper cover than Havieron's .

Shaun said in London they've (ARV) have drilled everything we would have.

Why would anyone want to buy now 🤷‍♂️

These reefs will be showing on the southern edge of the pit near the bottom. Could take an adit straight in.

The other possibility is a Decline coming upwards from the new production Decline to the WDD .

Very exciting events to come, mine life extensions a great possibility.

Trotmans stockwork the large orebody outcrops at surface. No cover 🙂

Hi pj

It's a Newcrest 2011 report.

I don't believe the West and Main Dome are connected, they are separate anticline structures.

This report gives conclusions for a lot of anomalies.

Trotmans dome tungsten deposit is described as being large.

O'Callaghan describes the geology to route the Decline through and sample tonnages of 9m and 30m from drilling.

There's something called the shallows can't get my head round that yet.

The VSC is over 400m deep below the Main Dome LLU. Wierd how this has gone quiet as it contains 1.3moz

Shall have to reorganise my presentation now we've found that.

Is it significant, too right it is, nearly 50% longer and still open 🙂

Apologies drill no 17902

West Dome deeps has been reported as being 700m long.

Historical drill was drilled as a step out drill to the south by 300m from known mineralisation and found to contain similar high grade.

On its way down it passed through the E and M reefs. I can't be sure but it looks way out from the Southern extension boundary, could be too deep for open pit there. Possible Main Dome M reef underground lookalike 🙂

I haven’t said SD is conservative far from it.

I'm certainly not saying they should hold back profits, spending on exploration and other means of propelling the assets is a positive in my view.

Being conservative is fine but you have to have a CEO with foresight which I believe Shaun has in abundance.

He's seeing something in assisting smaller companies around Telfer to feed into the mill. We've no idea what he's planning. He will have a plan for EG it's too big for one company, I personally see lots of joint ventures. There's bucket loads of optionality down there.

Sitting back and not planning passed 10 years would make the company a sitting duck in time.

He's still got 4 more years at least to make Ggp very big.

Why do we need to be looking at other deposits?

Optionality is the word.

We will have Telfer and Havieron but Telfer can be split into 3:-

Main Dome, West Dome open pit and West Fome underground.

It could take 5-10 years to start a completely separate mine.

Main Dome underground may have 5 years of high grade life left unless the orebody keeps expanding .

West Dome open pit could have 10 years left plus whatever else they find.

West Dome underground may have 10 years left plus whatever else crops up.

Unknowns VSC low grade, Main Dome open pit.

With most of the ore being mined out in 10 years at Telfer without further exploration ( personally I think there will be loads left), there needs to be a plan of what comes afterwards.

Starting now at O'Callaghans could give the option of production in 5-8 years time. At Camp Dome and Deserts Revenge 10 years time.

Foresight in planning is crucial for a big growing company . To say we have enough on our hands to me isn't an option, mining is a long game not shortermism.

Hi pj

I remember Shaun saying about a new modern efficient plant at Havieron. I suggested to him that space was limited at Havieron, I'm also not convinced the government would ware another plant and tailings fascility.

With Shaun you need to make notes about what he says. Little snippets become reality.

"If I'd been at Ggp in 2019 I would have offered $1 for Telfer" well he paid a bit more for it but it happened.

We will have to wait for the FS and news about processing but also his ambition to be a totally green mine ( another snippet)

Hi Summit

Of course the share price correlates to the value of assets.

The assets have been growing since 2020, you can see the growth of assets in a thread I put on Ggpchat "growth of Havieron ". It has been an amazing story of an asset growing over time.

The sp does follow that growth and can overtake or underwhelm along its trajectory with people buying or selling.

Officially Havieron still has only 2.9mozeq in reserves plus a bit at Telfer, this is the value that can be officially booked on the accounts. The sp is sat waiting for this reserve update to happen with the FS.

There's been shenanigans with people getting in on the act prior to this announcement . With a rough date for it to come out in December they've had time to accumulate. Weak holders will have sold not knowing what the impact will be.

O'Callaghan is a huge orebody in Ggp's ownership which they decided to leave out of any resource update. They are reassessing it and going to drill it . There is a mine plan already and a PFS , it's a lot further down the road to a FS than Minyari for instance. It will be a large addition to reserves when it happens.

Where are your extraction costs from.

I am at a loss why you think there's no money in it.

What price for tungsten are you looking at.

APT rose 50% between June and September to $625 per 10kg

As I said I'm at a loss why you think there's no money in it as the copper will pay for all costs.

Yes there is no NAV value there at the moment. An intended drill is likely to spur things on as the orebody could be a lot bigger and mineralisation could be open with depth under the deposit.