Member Info for Bamps21

Hi Mr $3098 cost per ounce
There you go miss quoting in fact
Hannams capex figures are combined bulk caving and SLOS
I think you need to think before you post
If I need any financial assistance it would be from my son who is a finance director it definitely wouldn’t be from someone who keeps getting their sums wrong.
I ask you $3098 cost per ounce no gold would ever come out the ground

Very interesting about the breccia grades , the highest grades are of course the breccia surrounded by sulphides such as in drill 133.
The next highest grades are in the actinolite breccia.
We know from the environmental report that the actinolite breccia are down deep.
These breccia contain grades at about 2g/t.
This is exciting for me and should be for everyone else too , grades increasing at depth lifting the basic average up counteracting any weaknesses in the crackle.
Tier ones keep on giving.

Mr $3098 cost per ounce is back
$643 AISC figure is an average projection for the SLOS mining operation.
Shaun has told us the bulk mining method could see the AISC halved.
Telfer processing costs are nothing to do with Ggp that’s why there is going to be a tolling payment yet to be agreed.
Telfer is NCM responsibility not Ggp

Hi WF
I agree with your thinking but there were a lot of forecast figures in the PFS.
Ggp forecasts figures were all higher than NCM partly due to using a 72c figure to NCM 75c.
Today’s price movements more confirm Ggp forecasts in the PFS.
Of course it swing the other way.
According to my aunt in Adelaide they are hanging on every word Boris says about Covid jabs, she is discussing with her doctor which jab to have for her booster appointment next March

Drill 53W4
No significant assays
This drill just reached the ore body another one that had trouble getting through the cover sequence .

The respect for these drillers getting through this cover sequence with very few failures must be very high in my opinion.

Drill 57W8
No significant assays
For this one I looked back at 57W7
This drill found sulphides of 12.8m @ 5.3g/t from 962.7m to 975.5 and then crackle/ cemented breccia down to 1003.7m
The drill finished &1068m

Drill 57W8 went down to 1157m

I think the no assays are referring to the length between 1068 and 1157 testing the extremities of the ore body not achieved in W7

Drills 117W2 and W3
No significant assays
These 2 poked the drill bit into the top of the ore body and only went in 60m to the left of the Dyke.

I think these 2 were a case of the historical drillers getting through the Permian cover and having to abandon that route twice.
Remember the rerouted drill 117W6 gave us our best result of 120m @10 g/t and 0.66% and expanded that zone of sulphides and high grade breccia

Drill 147
This drill was infilling just under the indicated resource and found 21.6m @ 4.3g/t & 0.15% cu in a crackle zone to the NE of the Dyke.
That’s amazing to find that at that level which is close to what I believe to be a weak spot.
Bodes well for the crackle grades

I’ve been looking at the last drilling report.
Surprisingly there were 5 drills that had no assays.
Various reasons not a lot to worry about.
Take a look at 147,147W1 & 147W2
147 and W2 were fairly long drills testing the SE deeps from the NW getting to 1180m and 1250m vertical depths/ 760 and 830m ore depths.
What’s happening with W1?

On the plan it looks as though this drill enters the orebody to the right of the Dyke.
It has a drill length of 900m while the other 2 entered the ore body at around 1,000m.
On section 4 it shows these drills passing through the Dyke outside the orebody.

What looks to have happened is this drill has found the Dyke sloping southeast and hit trouble getting through it.
Dolerite is a very hard brittle rock and can damage or wear out diamond drill bits.

With the other 2 going to the SE deeps, I don’t think W1 was finding out where the Dyke was on the NE side, although it looks that way .
More likely the Dyke damaged the drill bit and had to reroute around to drill W2

Hi Lenz
Hannams quoted 3.57g/t gold equivalent for 3m tons

https://twitter.com/kristiebatten/status/1466394218356609024?s=20

I thought De Greys would get that award.
This year they’ve gone from 2.2m oz resource to 9m this year, big discoveries, Tier 1 potential.

What has Havieron given us this year
Eastern breccia was last year.
All we have is a growing orebody, fantastic drill results.
Havieron’s year isn’t this year, will it be next year, I hope so.
Havieron is much bigger tonnage wise although 2 to 3 times the depth
Hemi 111m tons @1.48g/t
Havieron at the moment c480m tons as present dimensions c0.75g/t
Both are still growing.
The dilution waste factor at Hemi is high being an open cast mine, whereas Havieron is low being a vertical underground orebody.
Hemi still in pre PFS stage
Havieron next year will have a FS.

Both have outlying targets

Overall Havieron looks to be a much better investment in my opinion but De Greys is hard on it’s heels

Hi Zoros that particular raise bore is not for an Evasee fan, this will be for a possible escape way .
The fan base will be structural not only for the weight of the fan but also the uplift pressures.

There’s a secondary decline coming off the fourth lower ring heading through the cover towards the centre of the crescent.
Byrnecut I noticed are contracted for 2.6km of decline.
This secondary tunnel can’t be included in that , it must be in the 900m of additional tunnels and raises.
Regarding raises they are now showing 4 in the centre of the crescent, there were some shown on an earlier layout. These will now be to the new mining plan shown in the PFS

Morning Paddy
Great find Paddy
Why don’t you tweet your overlay of the 3 plans showing the sulphides sloping southwards lower down. Might explain your thinking.
That 189m is way out of date
It was 211m on the 28th Oct
We should be around 370m by now.

Doing some delving around I noticed that on page 11 of NCM PFS the section showing the decline has only 4 rings to the spiral.
This suggests the new design shown in the environmental report is being worked on and the original design with 5 rings superseded.

The question still remains what will be happening at the old vent site still shown on the plans.

The construction of the base for the vent if standard should be:-
Excavations
2” layer of blinding concrete
Reinforcement installed
Timber shutters
Concrete
Curing

Artemis quote from one of their latest announcements
“ Company geologists believe that Atlas represents a large discrete coincident gravity, geochemical and structural target (Figure 1*). Atlas is interpreted to straddle the major controlling N-S fault zone and mafic dyke that continues down to, and bisects, the Havieron deposit 4.5 km to the south and is in a similar structural setting to both the Eastern Breccia and Havieron North targets now being explored by the Newcrest - Greatland Gold JV.
Apollo is interpreted to be a large, coincident magnetic, gravity, geochemical and structural target that may be a continuation of the NW trending Havieron sequence, and is thought to be an extension of the Newcrest - Greatland JV ZIPA target”

Apollo is an extension of the JV target - Zipa

I thought it was the other way round , NCM must have something to tell us :)))))

Forecasts
Gold
40 year curve is upwards 2023 $2100+
4 year curve is upwards 2023 $2100+
1 year curve is downwards 2023 $1700

Same sort of curves for copper

NCM Red Chris forecasts are a lot lower than today’s
They are using short term forecasts.

CEO of Jubilee Metals said today the copper price will hit $11,000 pt by 2023 and maintain above that level due to big mines running down and fewer coming on stream.

My take on this is that chart forecasts are whatever somebody wants to read into them whether long or short term.
They shouldn’t be relied on.

Future prices need to be sourced from data not charts .
Chile provides 30% of the world’s copper they are having difficulty sourcing the water that the mining industry needs.
That is just one issue forcing pressures on the copper supply
The price from here looks as though it can only rise

Hi SB
The caving option was omitted from the PFS mining plan so 6m oz is not feasible with SLOS on the volumes within SE crescent.
The Decline extract volumes according to the brokers was 2m max so that’s where that came from.
The 3m is what Shaun says the Decline can handle but that would be serious haulage volumes, 126 truck loads per day going out and then getting back in. 5 trucks per hour possible maybe but from 4-5k down I’m not sure

Hi SB
The 2m ton pa mining was the volume from the drilling records upto February 21
3m ton is the % increase from then until about Aug in those later drills

Hi Spades
He’s gone thank goodness
Another bitter banned poster from Telegram