Member Info for Bamps21

The Bristol meeting is next Wednesday 12th November as a reminder to everyone that’s booked. The room is full we can’t squeeze anyone else in.

I would just like to say thanks to everyone for supporting me this past 12 months.

I am a bit overwhelmed by all of your support.

By doing these presentations I feel I am giving you something in return

👏

The last Sheffield meeting was very good.

When me and Roger pulled into the car park, I said surely they’re not all for our meeting.

When we walked into the room, oh yes they were. 🤣

Well looks like the numbers will be about the same.

Feed back we had suggested folks really enjoyed the banter between me and Element, but there were a lot of questions from a lot of people.

We will be having a drinks break, I really needed one at Sheffield so stopped for 10 minutes. At Stroud we didn’t stop but will in the future.

Looking forward to both Bristol and Sheffield.

A week to go, these meetings come round fast.

Just putting my slides together was waiting for any last minute photos and info coming through.

Significant info this week has to be the annual submission documents to the EPA with the summary that they will be starting the second decline at Havieron. Quite significant as previously suggested it would be funded by Havieron FCF which is some time away. There was one other item I am confused about and that was waste dump number 9. This is to the SW of stage 2 extension of the west pit. This is part of the low grade stockpiles, the 20mt and this mound must be a third of it. This summary contradicts this as it is saying it’s being landscaped and planted. They can leave it there for me so long as it’s not in the way, I only want them to use it if it’s only necessary. FY27 some of the low grades are planned to be used along with Stage 7, ramping up this stage with another machine will mean the low grades will not be needed.

As Element said “ exciting innit” 🤣

Xmas 26 🙁

The new drive to the WDU has about 1250m still do

They achieved nearly 4m per day in the last quarter.

That indicates arriving at the drilling platform around Xmas

There is a summary in these submissions of work intended to be carried out in the next 12 months.

One of the items was a Second Boxcut and Decline at Havieron.

Hi Element

Stage 7 grades aren’t better than stage 2.

Stage 2 is sat above really decent grades I’m not sure whether they can keep going down much more without taking the benching back is another matter.

Stage 7 is a matter of stripping layer after layer after layer, working down the benching. As it gets lower the surface area increases considerably and grade drilling at 12.5m centres will be required to find out the lower levels of the saddle.

The MRE plan from March shows the most indicated ore over stage 2 + extension and up the benching of stage 7. Current drilling depths are not that great about 200m deep. Save on drilling costs, so will need to come back to it when the ground is lower.

Hi pj

There is a risk of the ROM piles depleting completely and this is something SRK suggested should happen to clean out the shutes and start new piles with known grades.

These are being replenished from the underground, these ores will be stockpiled before processing for blending. Remember each reef has a different mineralised make up so may need blending.

Stage 7 is the unknown still but it looks like waste to ore ratio will reduce in time. Hopefully by March it’s down to 1:1.

A 2 digger mine plan on that stage will progress it more quickly. To get 6mt from that stage would be 3mt of ore to process. As they get lower the ratio should reduce further as 1:1 is stated as an average so no waste is the target or down to a minimum.

Stage 7 will be the main ore body being mined throughout FY27 & 28. Some of the grades here look really good.

Hope that makes sense.

The forthcoming MRE next March is going to be very exciting as there are so many zones not in the report, which was based on information at 31st Dec last year.

The West pit and MDU are difficult to split between what was in it or not and what has been depleted. A lot of stage 2 has gone in the pit and also the Rey, A reefs and M reefs have gone. All the new extensions are not in the MRE ie Rey/ ESC central/ Kylo/ Tarkin.

The open pit shell has been increased dramatically since then, huge increases could happen here, there are multiple areas being drilled on Stage 2 extension, some of these will miss the report inclusion.

Will they include the WDD ? I’m not sure if they will in this report too soon. 🤷‍♂️

O’Callaghan is one of omitted deposits. Backdoor/ironclad/ Big Tree/ Camp Dome are some of the other deposits that were not in the report.

You can see why they are drilling like mad to increase the indicated resources to replace the ones recently mined out and provide enough for future mine plans.

The ROM piles of 10.3mt will have gone they will have been processed .

The big drop off in drilling for the next Full year 27 indicates to me they will have achieved sufficient quantities to last a fair few years yet.

Hi TT

The wording in the RNS for the O’Callaghan drilling is confusing

“Greatland plans to complete a diamond hole testing extensions to O’Callaghans, in late Q2”

Are they going to complete one hole that’s already been drilled?

Are they going to complete the extensions with diamond hole drilling?

Confusing 🫤

Hi Jm123

Thanks for posting, I still have a lot of friends around Claines . 🙂

Hi Geoff I lived there till 2013 before moving to be by the Malverns.

A lot of venues want a per head fee rules out a lot of places for us.

The Townhall in London costs £55 per head .

Must have parking, food, place for Presentation and no or small deposit.

Thanks Redirons, JRDC

We haven’t talked about next years meetings for next year except Theale, the Derby and Tamworth meeting places were a bit small last time. Sheffield is a big room and they can cater for a lot of people.

I’m looking around Worcester for a venue so I don’t have to travel 🙂

I haven’t heard much from him either think he’s still on Telegram 🤷‍♂️

I have thought about doing an on line but prefer doing what I enjoy most.

I’ve been really busy doing my Presentations, Bristol will be my 10th one this year. Really looking forward to it. When people do make the effort to come they really enjoy it and want to come again. I’m astonished at the level of interest. I keep thinking I should stop but I’m urged to do another.

My plans for next year are one in Theale in February and Rotherby is busy looking at a new venue near London but nothing agreed yet.

Looking forward to meeting you all at Bristol and Sheffield, the latter still has some spaces. Bristol is booked up solid please don’t come on spec. I don’t want to turn anyone away.

The Eastern limb was thought not to be mineralised. Shaun told us it was open in all directions except east. 🙂

See here for images:-

https://www.ggpchat.co.uk/viewtopic.php?p=6904#p6904

There were $41m in copper credits but $42.3m in credits.

Suggests $1.3m in other credits could be silver

Ggp had a free cash flow of A$286m last quarter, this was on an average price of A$5,277. The average price this quarter is around A$6,000 at the moment.

The forecasts are weighted towards this first half year so I would suggest another 80,000oz this quarter, reducing to between 50k and 75k to get to the full year guidance of 260-310k oz.

FY26 sees Stage 7 continue its’ waste stripping, this has been running at 7.2t of waste to 2t of ore. They are saying the ratio will average out to 1:1 and stage 7 will be the key driver of ore ounces FY27 on.

I see the dip in H2 ounces in relation to the ROM stockpiles depleting but being replenished in FY27 by high grade ore from underground.

The next 6 months is a fine line between keeping the production going and bringing new areas on line from June 26.

Stage 7 though will increase production as it shifts to a 2 excavator production plan, getting down through the waste to new ore resources is crucial for the next phased production.

Details and maps for the forthcoming 2 events at Bristol and Sheffield on the 12th and 29th November:-

https://www.ggpchat.co.uk/viewtopic.php?p=6900#p6900

The Sheffield meeting is looming on the 29th November, I’ve a feeling the FS might drop just beforehand.

We had a really good turn out last time 75 came, the room can hold more but I would like to hold it at that number. We have about a dozen places left so will be a good turn out.

Please contact Rotherby to book your seat ggpmidsmeets@gmail.com

It’s a Saturday lunchtime from 12:00 to eat at the Waverley Inn

Here my thoughts and opinions on the latest progress at Telfer, , Havieron and elsewhere .

Presentation lasts for an about 1 and a half hours with hopefully a 15 minutes drink’s break.

Looking forward to seeing you all again 🙂

I’ve posted the latest drill plan here:-

https://www.ggpchat.co.uk/viewtopic.php?p=6896#p6896