Member Info for Bamps21

From the last presentation

https://greatlandgold.com/wp-content/uploads/2021/08/GGP-Corporate-Presentation.pdf
Page 23
FacilityA: upto US$20m, or a greater amount if provided by Newcrest, for Greatland’s 30% share of Early Works and Growth Drilling prior to the completion of the Pre-Feasibility Study
? Facility B: up to US$30m for Greatland’s share of JV expenditure, post the completion of the Pre-Feasibility Study, but prior to the completion of the Feasibility Study
? Expected(based on current forecasts) to fund Greatland’s share of jv costs, including Early Works and Growth Drilling, up to completion of the Feasibility Study

At this moment officially Ggp still have 40% of the asset, once NCM deliver the PFS they gain an extra 10% so the PFS is their cost.
It is expected that Ggp will have needed $20m over the last 9-10 months to fund the early works and growth drilling but not to deliver the PFS.
They are expecting to need another $30m after the PFS upto the FS

This is likely to include further accelerated excavation of the decline, vent installation, further growth drilling to the SE crescent, Eastern breccia, Northern breccia and Northern crescent plus the 3 further targets.
The Decline may reach the ore in the Summer 22,
NCM will want the FS issued prior to this.
One of SB interviews intimated the FS would be earlier. Might have been last February interview.
This would all fit in with getting the stoping underway H2 2022 for sample loads.
$30m spend in next 9-10 months.£
I think we are in for one hell of a ride :))

In the company presentation it clearly states when the Decline reaches the ore , the asset can be leveraged.
When they took the loan from NCM they’ve told us when the mine is leveraged they will pay back NCM if they can find a cheaper loan.
Why would they dilute now of all times when so close to producing

From past presentations they have already told us when they reach the orebody they will retrieve sample ore to test at Telfer.
When they bring the roadheader in expect a fast advancement in the Decline progress.
Sample ore could mean anything but I don’t expect them to stop excavating when they start.
I’ve been told they may need 10,000 ton for sampling.
Next Summer still looks a possibility for sample extraction.

Hi Sojourner
Those RNSs didn’t conform to Jorc regs
Ggp Jorc reports started June 2018

Didn’t scroll down far enough :))

No jorc reports on the new web site that’s no good all the drilling diagrams have gone

Hi Jet
I’m not too hot on magnetic theories but the easiest way to look at nanotesla is with an ordinary compass.
It only works properly once it is horizontal
When pointing to the north or South Pole the needle oscillates.
If the compass is raised the spread or measurement of the oscillations decrease and increase when it is lowered.
Nanotesla are measurements of this oscillation and can be recorded with a needle on a rotating drum with a paper print out called a magnetogram
Depending on where you are in the world and at what height the oscillation distances will very and comparing with other locations needs a more breakdown research.

There are other instruments that use spherical coordinates and vectors :-
Proton-precession magnetometer and
A flux gate magnetometer

That’s about all my pay grade can muster on this subject:)))

Hi Redtrader
One of the brokers probably Hannams suggested that the Decline could only handle 2m tons per year max.
Sandeep in one interview suggested 6m tons from the sub level caving operation.
This is where the suggestion of a conveyor decline is needed as at Cadia/Telfer
A 350m deep sub level caving operation (that’s 770m below surface) would need a conveyor decline of 4,074m in length @ 1:5.3 gradient or 189mm rise per horizontal metre length.

How about this
Ggp Saddlereef

Hi Redtrader
It’s not water that’s holding the decline.
Somebody posted 3 videos of bulk caving , take a look at the entrances they have reinforced concrete portals but they are much more advanced than Havieron.
It’s the roof structure that’s slowing it up plus the lack of turning space.
There was a lot of drilling around the box cut very early on, it was done early to monitor the water quantities in the aquifer/ aquifers.
They knew exactly how much water they would be dealing with when they applied for the mining licence. There P90 and P10 of quantities.
I don’t buy this talk of water problems yet apart water percolating through the roof as they’re not fully in the rock.
Water will be harder to deal with when they drill the pilot hole for the vent and escape shaft. The pilot holes will be going through 3 aquifers at once. Remediation work may become apparent to limit the water ingress before the pilots are drilled.
There are no signs yet of pumping operations being carried out, I’ve been expecting some as this water will be used in the osmosis plant so the water can be used

Hi Zoros
I’m not impressed with the estimated production figures
14k oz for FY 2023

Hi spoon key
I have done some rough sketches and sent to a few on here.
There were plans to do another Brew with Bottle showing my Scribbles but we haven’t got round to it.

The orebody is a vertical Ovid that expands at around 900m depth of ore from a surface area of 176,000 to 325,000 square metres.
The lower larger area is 400m deep at the moment because the drills haven’t gone deeper than that yet.
It will get deeper but it may also expand as well, that’s what it looks like it’s doing

Hi Strudel
Just read your post about my comment of having a third mineral.
Havieron is no doubt a big no huge ore deposit which is going to give a good quantity of gold and copper .
So there are 2 main minerals to be extracted over 30-40 years, they will probably see many economic cycles and technology innovations.
Gold had a dramatic collapse in the early 2000s and copper wasn’t much better valued.
This mine being deep could become uneconomic due to being deep, I’m suggesting a third mineral would hedge any down turn.
The amount of cobalt I’ve calculated could be worth 3m au eq when the gold is around 23m oz, but it is not easy to process.
The US are having to import cobalt when they have cobalt in their mines.
Cobalt is associated with siegenite and Chalcopyrites and getting it out of these ores is tricky.
https://www.911metallurgist.com/cobalt-nickel-recovery-lead-belt-chalcopyrite-concentrates/
The conclusion at the end sums it up but there’s a lot of experiments going on at the moment.
It’s a lot of money to put in the tailings!

It was after the Sept results 2020
Top section of crescent 550m long x 20m wide x 230 deep = 2,530,000 cubic m
X 3 specific gravity = 7,590,000 tons

Middle
400x20x200 x3 = 4,800,000 tons

Bottom
300x20x300 x 3 = 5,400,000 tons

Grades
Top >/5
Middle 3-5
Lower 1.5-3

That has changed a lot since

Hi nedbri
I’ve only done calcs for the sulphides from the original info before all the new drilling.
I will try and find them might be way back

Hi L-a
That’s a hard question to answer.
There’s still a couple of drills outstanding that would convince me that my lower ovoid theory is valid, but drill 141 did make it more valid.
Drill 133W1 has extended the lower ovoid southwards but it only clipped the top, drill 133W2 we’re still waiting is a bit deeper.
Drill 90 will hopefully extend the eastern breccia towards the SE extension.
I don’t know what to make of 138, it sits above the eastern breccia and outside the top oval, it must expand the orebody outwards but not clear yet.
141 has gone a little deeper and confirms my 1300 assumptions, I don’t know why they reduced it to 1250 on the last presentation there are a few drills now gone through 1300m.
The internal northern breccia continue to grow stronger grades and with long intercepts.

Overall I would say the last results are confirming more of my calcs and strengthening the likelihood of a 0.75g/t average over the whole orebody in my opinion.
The depth will not change much from this point in time as the drilling is near maximum depth for coring.
The northern crescent and northern extension are still vague, with that big blob of sulphides shown in the June results and hopefully the extension extends under lake Havieron but that might be wishful thinking.

Tier 1’s just keep on giving :))

Hi L-a
Do you mean this one

On the assumption that there are 2 ovoids the smaller one on top
Surface area = 176,000sqm
Depth 900m
Specific gravity conservative 2.7
A low 0.55g/t (from the average oz/m figures)
=7.65m oz

Bottom ovoid
325,000sq m
Depth 400m
SG 2.7
Grade 0.55
= 6.02m oz
Total 13.77m oz

Using a higher sg of 3 to cater for the higher sulphides
Using a 0.75g/t average I worked out 9 months ago
Then the 2 ovoids = 20.8m oz

The way the grades are increasing below 900m of ore the bottom ovoid using 1g/t = 15.5m oz
Total 24m oz

If the top ovoid also increases to 1 g/t which could be possible the way the sulphides are increasing with depth the total would be 28m oz

Hi Strudel
I can’t see the newsflow stopping in 2023

Havieron:-
A multi speed development of a mine with a joint venture with a global mining company. A leading expert in underground bulk caving.
Gold resources could range eventually to between 12-28m oz plus major copper resources and also large credits from other minerals reducing AISC costs like cobalt resources.
Counting down the days till a PFS is issued a major milestone.

Juri jv:-
Paterson Range East:-
Multiple gold / copper targets 12 known at present including the giant Goliath target a 15bn+ tons target that's 30 times more tonnage than Havieron , initial drilling results have found gold intercepts.
Waiting for Los Diablos results

Blackhills:-
At least 6 targets including Saddlereef (A29) 1400m long gold target one end poking out of the ground suitable for open pit.
Additional gold intercept found below existing intercepts could be another reef zone.
A Telfer lookalike target hopefully.
Gold, copper and silver target.
Saddlereef south target added
Also Parlay a bullseye feature on top of a main fault line. Now shown as 2 targets Parlay and Parlay North.
Waiting for results of Parlay drilling,

Panorama:-
A very long Paleo-placer goldfield to the north
To the south a very large cobalt anomaly possibly the largest in Western Australia and possibly Australia.
Although cobalt is not a key mineral objective of the company it has huge potential to reduce costs.
Revisiting the data the company has found it to have Nickel mineralisation as well, a key commodity.

Scallywag 100% owned:-
At least 12 known targets the majority of which are sat near fault lines.
Under explored but drilling of Teach due this summer.
Drilling of Swan and more geotechnical surveys due

Rudall :- 100% owned
Bullseye feature under explored , geochemical surveys due this summer

Ernest Giles:- 100%
2 x 5m oz targets identified plus numerous 1m+ camps of gold deposits
Large licence which lapsed has been re acquired with an additional joining licence.
The length of Ernest Giles compares to around 2/3rds the length of the M25.

Bromus 100%:-
A mainly nickel discovery underexplored

Warrentina 100%:-
A 10km north to south licence with 4 goldfields and existing mines.
1m+ gold ounces identified
Ready to be divested.

Firetower:- 100% owned
5 exploration zones
1m+ gold ounces identified
another 1m possible
plus zinc
Possible sale/ joint venture

Canning
Licence applied for

Hi Strudel
Apart from Apollo I would hold fire on investing in Artemis.
Read up on Carlow Castle first

Somebody posted recently saying they know that the decline has water issues.
Well maybe so but I don’t believe they were not expecting it.
The timeline plan on the mining application clearly shows expected water ingress of 2 quantities a P90 and a P10
The most P90 taken from survey bore holes will be when the vent shaft drills a pilot hole down through 3 aquifers and discharges into the decline .
At the moment they are only in 1 aquifer.
Structural works on the decline roof is more likely the answer