Member Info for Bamps21

The mining plan in the PFS suggests a 2m ton of ore containing 73,000 ton of copper will be produced over 9 years.
We know that mining plan will soon be superseded by a larger 3m ton of ore

Copper per year average 8,000 ton
At todays price $9,966 = $79,728,000 per year
Ggp share $20m per year @25%

$20m just for copper per year

That is for a superseded plan 3m plan is 50% higher
6m plan is 3x higher

An old saying is gold pays for everything copper is the profit

Cont’d
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 ( cobalt is not normally found on it’s own)
Will be drilled in this years exploration programme according to SD

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

Rudall and Canning
Rudall is a small licence to the SE of Havieron with one Bullseye target anomaly.
Underexplored needs surveying to see what’s there

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.

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

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 with negotiations ongoing for NCM to buy 5% from Ggp.
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 H1 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 Parley North, A27 and a very long target to the south of Saddlereef South

Scallywag
A large licence 100% wholly owned by Greatland
Last years drilling of Kraken, Blackbeard and London hit gold and copper alteration and will help in vector studies of finding ore bodies.
This year’s exploration has centred around Swan in the North , Teach and Barbossa west, assay results still waiting.
Additional surveys have located Archieteutis to the north of Kraken.
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.
An archway 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 last year only to reapply for Wishbone and another one but not reapplied for Carnegie in the centre which reportedly had the nickel.
Ggp eager to start drilling again in this years drilling campaign.

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 and Ggp also wants to joint ventur

Summary of Ggp assets
Havieron:-
Gold has risen from c$1200 to c$1847 per oz today
Copper has risen from c$2.7 to c$4.53 per lb today
Other minerals not confirmed yet cobalt and nickel

Goliath
Gold small section found so far after 2 drills
Tin in MMI results has risen dramatically over the last 12 months from c$21,500pt - $41,300 today

Outamind
Gold

Blackhills
Gold various amounts all over the licence
Copper small amounts on Saddlereef South
Silver on Saddlereef South
Silver price has fallen in 12 months from c$27 to c$24

Ernest Giles
Gold
Nickel has risen sharply in 12 months c$1600 to $2243 today

Bromus
Gold
Nickel

Panorama
Gold
Nickel
Cobalt has risen sharply in the last 12 months from around $37,000pt to $70,500

Warrantina
Gold

Firetower
Gold

Firetower west
Copper
Silver

Firetower East
Zinc risen from c$2,600pt to $3600pt
Silver

Scallywag waiting assays

How can the value of our other assets remain the same over the 12 months beats me ????

Summary of deepest drills
This is a summary of the deepest drills at Havieron

HAD86W4
SE Deeps
Drill length 2115.3m
Vertical depth 1917m

HAD84W1
Eastern breccia
Drill length 1983.5
Vertical length 1797m

HAD84W2
Eastern breccia
Drill length 1914.2
Vertical depth 1735m

HAD090W1
Eastern extension
Drill length 2041.2
Vertical length 1850m

HAD141
Eastern breccia
Drill length 2036.2m
Vertical length 1845m

HAD141W1
Eastern breccia
Drill length 1985.9m
Vertical length 1800m

To get ore depths 420m of cover need deducting from the vertical depth

Bear in mind the Eastern breccia don’t start until 1350m deep down these deep drills are only 100-150m into the ore

With the drill results due tomorrow night thought I would remind you of drills still outstanding to look out for.
Had58CW1
From the SW through the top of the ore at the SE crescent and on through the centre to the far side.
1325.6m long or 852m horizontal length, note the blue line on the plan is shown too long it doesn’t protrude from the ore body.
Total depth is 1015m -420m if cover =595m of ore so is not deep
It may be targeting the top of the high grade pockets in the central corridor, should indicate the low grade breccia at the top.

HAD61W3
No significant assays
Started from the NE targeting the SE crescent
Didn’t get through the cover must have had a drill issue

HAD84W3
Started in the west targeting the top area of the northern pod and east side
Total depth 1135m or 715m of ore
Should indicate the limits of the calcite breccia and alteration at these levels

HAD65W3
Hole abandoned
Length 1267m
Horizontal length 575m
Looks like it was using 65W2 hole and an issue with leaving that drill run into W3

HAD65W4
Another attempt at W3
Started from the NW in either hole W1or2 and then carrying on through the centre , through the Dyke and out through the Se crescent
1534.2m long or 696m horizontal
1,344m deep or 924m of ore
At this position the Dyke should at the ore perimeter

HAD86W2
A long drill 1629.6m long or 689m horizontal
Total depth 1477m or 1057m of ore into the centre of the crescent, should indicate where the Dyke is lower down

HAD86W3
The first section of this intercept is still in assay 991m to 1331m
Depth 898 -1205m or 478-785 of ore
Horizontal 418-562
According to the pad position this drill intercept should not be in the ore body.
Confusing!

HAD86W4
A very long drill maybe our deepest
1550-2115.3m long still in assay
Vertical depth 1404-1917m
Less cover 984-1497m
Horizontal length 695-894m
Shown ending outside the ore body but the horizontal length indicates it within the orebody
This is targeting the SE deeps around 500m lower than the previously reported intercept

HAD133W6
Targeting the centre of the SE crescent vertical depth 1485 (1065m of ore)
Below the MRE zone hitting a blob/ bulge in the sulphides

HAD141W1
Targeting the Eastern breccia above the HAD141 drill

HAD146 and W1
A drill and a wedge 2 short holes targeting the northern edge of the main ore body.
Testing the top 5-600m zone

NOR1
First drill testing Havieron North
Suggested intrusive magnetic source
Drilled at 70 degrees eastwards
Total length 1248m
Vertical length 1173m
Horizontal distance 427m

ZIPO01
First drill testing Zipa on a gravity ridge approx 500m wide
Drilled at 70 degrees NE
Total length 900.8
Vertical depth 846m
Horizontal length 308m

Hi Canary
Didn’t quite get your post.
The mining plan is to initially pick out high grade zones, to get the most cash out as early as possible to pay all ongoing costs.
SD has stated this many times

Panorama nickel
This is the first hint of where the nickel is after SD presentation when he mentioned it.
https://www.thormining.com/sites/thormining/media/pdf/asx-announcements/20220125-gold-exploration-update,-ragged-range-wa.pdf

Ragged Range is at the Eastern border of the far east side of the Panorama licences

The Sterling project is the south side of Ragged Range.
On both drilling plans you can see the target straddles the border and is still open.
Look at the Euro basalt in green and the Dalton suite in purple/ pink colour, this is the same geology where Ggp surveys have picked up on the west of the licences with the gold anomaly running between the 2 for over 6.5km.
Ggp have not done any surveys yet on the eastern side of the licences.

Someone said to me after the Environmental Report was issued by NCM if Ggp had to produce that report the amount of work involved would have broken them.
It’s not just the mining that costs .
Artemis will need Ggp / NCM at some point.
Look to the west of Apollo into Scallywag the ore body extends that way another Decline would only be going through 300m of cover or less if it’s further away. Going from Artemis side will be a lot deeper.
Then there’s the access costs to Telfer .
A joint venture in whatever form looks more and more imminent in my opinion if Apollo comes good.

Well Phelsb or whatever your name is you twist things all the time.
I haven’t twisted Ggp situation around if we had not had a joint venture we would still be drilling exploration holes trying to find what was down there with no end of dilution.
Artemis are in that stage that Ggp were in before the joint venture. People like you were criticising Ggp for giving away but with no real knowledge of why.
I do not ridicule I only prevent facts from in depth research.
I see no research at all from you just constantly ridiculing other posters with continual abusive attitude and disruptive nature.

For someone to come out with a statement that owning 100% is not a bad thing, how utterly ridiculous that is for a junior minor in the middle of a desert let alone the North York Moors.

Where would Ggp be now at Havieron without a joint venture.
$200m spent so far and climbing rapidly.
Progress on exploration drilling would have been painfully slow, with not much chance of bank funding and no end of share dilution.
Obtaining a PFS at Apollo or Atlas will cost, that’s 100% of everything.
If they turn out to be grade 2 targets they may not be economical for a junior on its own .

There is a historic map showing the old licence boundaries from los Diablos southwards taking in Havieron and some of Artemis and Rio licences.
On this plan is a range of contours showing the depths of the Permian cover.
At the north end around Los Diablos the contours are far apart showing a gently sloping cover basement floor.
At the south end at Havieron the contours merge closer together showing a steeper floor of the cover.
This is falling steeper from west to east Apollo is about 370m Havieron 450m and Nimitz around 600-650m depending which drill you look at.

I don’t know why I’m trying to justify myself

Ooops CB not cab :))

Hi cab
Have a good flight
I am not confused but the RNS does not state any cover depth at Nimitz.
It does mention the depth at Havieron where the cover itself is 420m deep in the west and 450m in the east of the crescent by the time you get to Nimitz it’s down to 600m.
The seismic section shows this quite clearly.

“ The Havieron gold and copper deposit is associated with a strong magnetic anomaly and sits under about 450m of sedimentary cover. Mineralisation at Havieron extends over deep intervals to at least 600m below the base of sedimentary cover, “

The highest ore in the 3 holes were below 600m at about 620m
I haven’t found where you find it any different in any of the RNS’s

Enterprise West may be slightly deeper cover than Havieron but Enterprise East will be around the 600m+ Depth

Hi Chartbuster
From the RNS 8th February 2021
“The Permian sedimentary cover is 300m thick in the far western part of the project area and is interpreted to deepen to over 800m in the far east.”

The Base of the Permian cover is not level you can see that on the Decline sections and the hydrology sections.
https://wcsecure.weblink.com.au/pdf/ARV/02338686.pdf

There is also the Moodoo seismic section that runs from Rio in the SW through Artemis then the corner of Havieron and then passed Nimitz to the far border.
This shows a progressively sloping base of the Permian.

https://wcsecure.weblink.com.au/pdf/ARV/02264726.pdf
Pages 2 and 6 show the seismic line , there is another one somewhere I haven’t the link for it but it’s in one of the quarterly reports that show it sloping more clearly.
The drill logs show the ore body starting around the 620m mark on one hole and a vein on the other at 918m

Hi Mugpunter
The problem that Artemis have is that the cover to the East of Havieron is very deep, Nimitz 600-650m and Enterprise East will be the same, therefore only an exceptional find will be any except if Newcrest approach it deep from their/our Decline.
The trouble with that would be giving it away cheaply .
A joint venture still looks on the cards even though they seem to want to keep 100% could be too much for them to explore properly

IBKR is the one that lends out
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Ah that’s not Interactive Investors , I’ve no idea what the link is between them

Hi Matty
I was under the impression that Interactive do not lend out shares, do you know that for certain as they informed me they don’t