Member Info for Bamps21

“ At Havieron,
the PFS is based on Ore Reserves of 14Mt and does not consider 37Mt of Inferred Mineral Resource, so there is
considerable upside potential for a larger scale operation of more than 3 million tonnes per annum from further
exploration success, and the ongoing assessment of higher throughput rate options. We will also progress other
organic projects in the portfolio, such as the potential for further open pit and underground opportunities at Telfer to
extend its life and supplement production from Havieron in FY24 and beyond,

Panama and you think I speak Latin?
That was very funny Tig

Most of the drills still in assays from the last results night are short ones into the centre northern corridor.
Only 3 we are waiting for in the Eastern breccia but they’re only in the top of the EB.
Had90AW1 is the one we’ve been waiting a longtime for. It’s in the SE extension zone. It has been reported by NCM to be part of the Northern corridor, my assumption is it’s part of my lower ovoid theory .
This drill looks like our deepest so far, is this where all the mysteries of the Havieron geology are stemming from.
The Havieron geological mystery is making academic geologists go back to the drawing board.
At some point there will be news released that is going to transform this discovery.
Tier 1’s keep on giving :)))
Exciting times ahead

Hi Panama
You mean gobbledygook not Latin:))
In my last post I don’t know where “walkways” came from “always” I meant

The 2m ton per annum is an assumption, an early stage interim assessment to kick start the mining approvals.
The PFS though was walkways going to be out of date before it was issued, the last drills included were from last January.
Forget the 2m ton per annum assumptions it’s dead in the water look at the 3m ton potential but that won’t be with us very long.
The mining plan is an initial plan that will be adopted but expect adaptions ,revisions , upgrade, extensions, and definitely cheaper alternative mining methods.

Hi Panama
I didn’t get to talk to you very much at the Stag, hope it won’t be too long before we meet up again.
Great meeting you though :))))

Hi Lenz
exactly

https://www.newcrest.com/sites/default/files/2021-10/211012_Newcrest%20advances%20its%20global%20organic%20growth%20portfolio%20–%20Market%20Release%20.pdf

In this release it says that they have not based the PFS on the Inferred Resource.
The PFS is a conservative interim Stage 1
The 2mt is only an assumption on which the PFS is based
The 3m ton is the potential from the recent growth drilling on which the FS will be based
The Breccia potential is not included.
There are a range of figures based on current mineral prices and exchange rates which Ggp have used.
There are no differences between NCM and Ggp figures as some on here are alluding to, they’re just based on different assumptions

Hi Scarabbeetle
The PFS superseded all early thinkings on first ore.
First gold produced will be 2024 H2.

Step back a bit and look at that PFS again and go to the mining page , on the right shows 4 levels of mining fronts but there are 9 mining fronts to take into account.
The top one 1st ore is a 120m deep, that is 120m of additional Decline before we can start.
120m relates to 845m of additional Decline to get to the base of this.
In addition there are 3 tunnels called the Western Decline coming from the 3 new Decline access tunnels coming off the main Decline
300m access tunnels
510m Western Decline
500m of stoping tunnels x3
+ 3 or 4 ancillary offshoots on 3 levels
+ additional shafts

There are far more tunnels involved than the original sub level caving ideas, maybe 3,500m in the 1st ore phase let alone the other 8 phases.
Plus the additional shafts.

I’m signing off now I don’t like the way the boards gone of late, wrong people getting banned

There are 2 graphs on the NCM PFS from these you can see the 2m ton is for only 3-4 years.
What is missing from this though is all the infill drilling that’s not in the PFS.
The 2m is based on 14.6m tons, 0.6m is inferred material added because it will be classed as dilution and unavoidably mined to get at the high grade material.
The infill drilling will up this figure to 26-28m ton by the FS, this is where the 3m tons comes from.
In my mind forget the 2m tons it’s out of date.
The 3m ton pa by Dec 22 will also be way out of date.
By the FS the bulk mining plan should be in its initial stages, a clearer picture of the ore body should be available.

Hi Goldworm
The drill logs suggest that the Eastern Breccia is feeding the Northern Corridor there’s no break it’s continuous.
The drills have only entered the top of the EB
Only Had90AW1 has gone slightly deeper if there’s any differing minerals to what we know at present it might be from this drill in tomorrow night’s announcement.
The copper grades are weakening in the EB.
Surely tin and tungsten would be from a younger intrusion and possibly different granites

“ On 16 December 2020, we confirmed the definitive estimate of cost and schedule for Panel 0 with sustainable production expected to commence in October 2022 and development capital of $6.75 billion. These estimates include the known impacts of COVID-19.”

https://www.mining-technology.com/projects/oyu-tolgio/
These are big numbers involved here

Looks like they are heap leaching in that big square on the right, with the blue copper liquid concentrate in the top right corner.
That’s a sign of lower grade ore , a lot of other minerals are lost in this process including some of the gold

https://m.youtube.com/watch?time_continue=149&v=0dKCUMRd7UE&feature=emb_title

https://apps.sentinel-hub.com/eo-browser/?zoom=12&lat=43.0104&lng=106.92064&themeId=WILDFIRES-NORMAL-MODE&visualizationUrl=https%3A%2F%2Fservices.sentinel-hub.com%2Fogc%2Fwms%2Faae18701-6b25-4001-8b2a-b98a1b3806c1&datasetId=S2L2A&fromTime=2021-10-21T00%3A00%3A00.000Z&toTime=2021-10-21T23%3A59%3A59.999Z&layerId=TRUE-COLOR

Great pic of the Mongolian mine

Morning Tom
He is banned and blocked from reading posts

Hi Khrysos
a significant assay at Goliath
A 3km x 3km target and they hit gold on the very first hole.
Shows a lot of thought has gone into where to drill, a lot of forward modelling to do now

Hi Malva
Where have you seen cemented breccia at the top, the only place can be round the sulphides in the SE and I have my doubts this will be retrieved with this current mining plan.
There is crackle breccia round the perimeter at low levels but not a lot

Hi Malva
As I’ve said before the crackle will be the last ore to come out of the mine.
Hardly any of us will ever see that far, the economics will be totally different by that time, gold may be a scarce commodity at that point making low grades acceptable to bulk mining.
Who knows what is going to happen.
With the crackle being the last out I’m sure they will still extract it to keep the plant running as long as possible similar to what they are doing at Telfer right now