Member Info for Bamps21

Simon Tyrrell, Chief Operating Officer, Greatland Resources Limited: Thanks, Shaun. Thanks for the question, Daniel. As you’ve noted, exceptional achievement by the team, best quarterly results since 2010. This was due to that focus on the pyrite circuit and leaching circuit at the back of the plant. This was often overlooked as an area that didn’t contribute significantly to recovery. The background knowledge that the team we’ve brought on had with the original feasibility study has allowed us to unlock these higher recoveries. There was a point where we thought as we progressed through the new stage seven cutback that ore from the oxide and transitional part of the pit may cause us some lower recoveries. However, at the current blend rates, which is around 15% of stage seven material in the overall blend, that’s not causing us any concerns. We expect to achieve those mid-80s or above moving forward for FY2026.

When we go into FY2027, we do move to 40% of stage seven as a blend. We will need to do a bit more work to see whether we can maintain those into FY2027, but certainly FY2026, as noted, we’re comfortable getting that mid-80s or above.

From what Simon said they are using 15% of Stage 7 ore using the PIL circuit and still getting over 80% recovery rates. From next June they’re hoping to use 40% ore from Stage 7

As it goes deeper the ore turns to sulphides and can be put through the copper flotation circuit.

Also 2 of these:-

https://www.bing.com/videos/search?q=komatsu+1200+wheel+loader&view=detail&mid=F3F670270147BD06BA83F3F670270147BD06BA83&FORM=VAMTRV&PC=APPL

Judging by the questions at the Q&A, I had the feeling the brokers still don’t understand what Ggp has. They’ve gone on from the reconciliation issue of last time to that of querying the mine plan and the weak ore being used. They need long term surety of the mine plan not the short term that they’ve been given.

I need to listen to Simon again, reading quickly in an Aussie accent I found hard to follow. His remarks about stage 7 were very important for the next 2 years. I may have not heard right but they have mined some low grade ore from there that this time 6 months ago would have been classed as waste. This has been processed and not taken to the waste dump. This doesn’t seem important but that is not stripping and should reduce growth capex spend.

I’ve been talking about the need to get the stripping done quickly there’s some prize ore grades down lower, so this is a surprise to me that they are in the ore so quickly, bearing in mind it’s the high gold price responsible for that. They called this the transition ore which is oxides to Sulphides somewhere in between, this needs the pyrite circuit for this ore.

If you look at the stage 7 plans from both quarters what they’ve been mining you can see a huge jump in the area stripped, as it goes lower it becomes bigger and bigger.

I would expect when this does go down after the 2 year plan, the rigs will be all over this again going deeper .

Shaun remarked about the stage 2 extension calling it immense. It what I’ve been saying since the March quarter there’s decades of mine life to come. Shame the brokers are still nervous of it.

That new monster of a machine they are buying will certainly improve production from the pits.

https://www.bing.com/videos/search?q=caterpillsr+6060+hydraulic+shovel&view=detail&mid=5F9ECEAD5BA5CE47B8185F9ECEAD5BA5CE47B818&FORM=VAMTRV&PC=APPL

Ernest Giles is still very early, if you look at the latest plans you can see the red contours of the geophysics and the drills targeting them. What they’ve drilled at the moment is the cover sequence and into the basement and installed collars for the diamond drills to go through targeting the centre of the anomaly in 3 or more places.

Chances of finding gold there are far higher than in the Paterson but the Paterson has copper. I was very surprised to see that one hole has copper in the cover next to the basement contact.

Stick with it as it will be huge

Geoscience firm at Deserts Revenge:-

https://www.m-geo.com/services#ip

Interesting geophysics on the Nifty mine.

Looks like it could be similar to the Camp dome, now drilling under the supergene blanket looking for the primary source of copper sulphides.

I don’t believe that drill report did focus on the quantity yes there was a lot of but for me the metres should have been 60000 at Telfer if they are to get up to 240,000. The hot season is coming which will restrict above ground exploration. A new rig coming is for the underground and emphasis will be underground . They will have to up the drilling to get to 240,000m let’s hope the weather is good this year.

I thought they concentrated on “delivering to the operations team” that is the crucial fact they need that team to perform to keep the ounces steady at 80,000.

There was a lot of results not back yet from the lab.

This predicted is so annoying

“time not Tim”🤭

The reason for Argonaut to mention 2033 is lack of future mine plans, there just hasn’t been Tim to digest these drill results and turn them into block models.

Looking at stage 7 in the WD open pit, this stage is being cut back at present to get at the ore. Ggp are suggesting this will continue till next June and they will have reached the ore, then 2 years mining.

If you look at the plans and sections from the June quarter you can see it highlighted in grey. It’s just the top layer and a bit down the benching.

On this quarters report of where they’ve been drilling stage 7 extension you can see the drills going down underneath this stage 7 into Stage 7 extension. This will be passed on to the operations team for future planning and MRE.

Stage 2 in the base of the pit is a short term high grade zone restricted by the area enclosed by the benching. The extension to this is being drilled now for the benching to be taken back. They state that this will increase the mine life considerably.

We are still in a position of hand to mouth with extending the mine life but the bigger zones are looming fast.

I showed in my presentation how much ore is to come out of the saddle if the MVR down below is mineralised and it certainly looks that way from what I can see. This will have the effect of creating one huge pit not 4, ie pit 9,10,11 and Leaderhill.

I shall have a great deal of information for my next talk in Bristol 🙂

Hi Jerry

Shaun seems to have stopped doing interviews, we haven’t had one since April which I find surprising since the rapturous applause he had at the Townhall.

His email to me last month he said he was very keen to get to London on release of the FS. I’m presuming he’s been very busy with it.

The amount of exploration going on besides the drilling must be putting a lot of pressure on all the team.

Make the most of this years drilling it is planned to be reduced considerably next year nearly 75% lower.

The most standout item for me was Deserts Revenge, those MT surveys look really exciting and the historical drill results above the anomaly look outstanding.

Will TSF8 get in the way 🤷‍♂️ looks like it.

Satellite images are showing something major happening to it, I can’t be sure but it looks like they’re removing the tailings over a vast area. I assume it’s for paste filling in the MDU.

The anomaly goes right passed the eastern wall of the dam.

It’s the same Anticline that goes under the main dome with the MVR reef.

Very exciting I can’t wait for the diamond drill result, let’s hope they drill it in the New Year.

Couple of days since the drill report was released, months of complaining about the drill results not being released and hardly a mention of it since.

Give it a week and the usual suspects will start moaning again. They don’t know what they are looking for, just clutching at straws to get the sp to rise.

Those results were absolutely stunning to keep Telfer mining .

There were extensions to known deposits.

There grade increases

There were new anomalies.

Let’s forget it and wait for next one 🙁

Greatland are still feeling their feet with Telfer and still able to produce 80koz over 3 quarters. We have only had it for 10 months and found huge growth potential:-

Many more years in the West Dome pit

Very high grades in the Rey and A reefs

The exciting high grade ESC

2 more ore bodies next to the ESC

The very high grade West Dome Deeps, Shaun Day says the best he’s seen in 20 years at Telfer.

O’Callaghan a globally important ore body for tungsten which they have found to have increased in size and are just about to drill it, the first drills in over a decade.

Deserts Revenge a large anomaly right next to Telfer.

There’s so much going on why look elsewhere

I can’t honestly say I got excited by the 20moz remark apart from that you could see he was excited about Havieron and it definitely was Havieron he was talking about.

I don’t think anybody said it was 20moz pre 2021 when the crescent sizes came out I measured that around 2.4moz and I wasn’t far out. By the end of 2021 I was measuring around 15moz and by 2022 I had it to 23moz.

Alistair Clayton I believe was the first one to publicly say Havieron was 25moz.

With the Eastern breccia coming into play I could guesstimate my calcs above 30m. Paddy showed my calcs to Callum and he replied he could be right.

The fact that all these figures are 3 or 4 years old the gold price is exponentially above those early years. You now have to stop and look the cut offs used in that 3D graphic:-

+3g/t = crescent

0.5g/t Is 50% of the ore body surface area

0.2g/t is the 650x 350 orebody

0.1g/t is the approximate boundaries of mineralisation of at least 1,000x1,000m.

The rising gold price brings more ore into play as the costs will rise as the cut off grade lowers.

The sulphide crescent starter mine is due to be complete by 2043 but the bulk of the ore will take many more years to come out.

You’ve seen what high prizes have done to the Telfer mine life, Havieron will be doing the same.

I put some graphics on Ggpchat

https://www.ggpchat.co.uk/viewtopic.php?t=859

Hi pj

I strongly urge you to look at 3D graphics from a couple of years ago of the Havieron Kriging shells.

On these you can see where they’ve infilled drilled and also where they haven’t. By this I mean the inferred blocks of 75m cubed can be seen not many but they are clear. The infill blocks of 20m cubes have been split into 4m cubes.

The infill underground drilling to come will prioritise in reducing most of the bigger cubes down to 20 and 4m cubes, this will have an effect of changing grades to a more definitive state therefore lifting the resources within the confined sulphide’s boundaries.

Oh and O’Callaghan has another deposit to the NE

Camp Dome is intriguing. They’ve drilled it and now have a prospecting application on it.

Big Tree next which already has an open pit mine plan

Dolphy/ Ironclad also have an MRE not included in the latest resources.

Desert revenge new one on me very early stages

Trotmans stockwork has tungsten

The latest satellite images are showing work still at Big Tree, peaches has been completed as far as we know.

O’Callaghan drilling is imminent maybe after Big Tree. How exciting 🙂

Hi pj

Havieron is still waiting for the FS and Decision to Mine. Exploration drilling won’t happen until they are closer to the orebody from underground rigs. I think this will happen and info passed to the operations team for planning what to do with each bit of ore.

The ESC is the most important at the moment to my mind to keep underground ore coming out, then the WDD.

Let the Havieron infrastructure progress safely and not rushed.

Some venues want a £50 deposit for room hire. Stroud does so ask for £2 each they then give that to charity.

Bristol and Theale wants £50 deposit upfront

Sheffield doesn’t need a deposit but £2 each isn’t much to cover these charges any excess will go to McMillan nurses

Rotherby just told me emails are flying in to him, so he’s busy 🙂

You may need to wait for an acknowledgment .

He has a lot of people from the Northwest signed up. What we need now is a venue ideally south of Manchester to seat about 100, a large car park and somewhere for a presentation. We would be grateful of help to find a venue .

April/May time ish