Member Info for Bamps21

Greatland have applied for a big licence to the SE of the Backdoor area beyond the Rincon area 56 blocks according to Landtracker maps. GGP applied for it on the 29th Aug.

Something is going on at the Redsetter licence, parts of it have been applied for by Mining Equities Party Ltd, don’t ask me what’s going on there bit of a farce.

Hi Howezap

I believe the oxide ores are being leached, I’m unsure if that means the leach pad I would suspect so if they are weak grades.

They will be drilling the hell out of it to form blasting plans and which Ore to send wherever.

I don’t know exactly where the transition from one to another is , probably above the MVR reef. I would imagine them trying to keep the ores separate and not mixed.

How the West Dome pit will produce above expectations this quarter I can’t see from where. There will be a steady increase in tonnages from the underground above 1.5g/t in the coming months.

The West Dome Open pit was the main reason the March quarter was so good, but it tailed off in the June quarter as Stage 8 (on top of stage 2) diminished, plus Stage 2 at the base flooded a couple of times.

Stage 7 has now taken precedence but this involves a great deal of stripping waste and removal of infrastructure such as underground bore hole pump and radio masts.

This started off as a small section on the top of the saddle but now has opened a wide area surrounding the north of pit 9.

From the results around 4.5m tons of ore were processed in the June quarter and 10.5mt mined that is nearly a 1:1 strip ratio.

The ROM pads seems to have taken up the slack which are now down to 7mt stock pile.

This ore from Stage 7 is mainly oxides the weaker grades I think are going straight to the leach pad. This is mentioned in the results of not forming new low grade heaps to avoid double handling.

This Stage 7 zone over the coming months will become a large area where the grades will become better and start turning into sulphides.

By next June they should be into the sulphides. Some of these will have extremely high grades. The strip ratio will completely change in favour of ore.

This means there will be results similar to the March quarter but on a more sustained timeline.

The further they go down the higher the grades.

Eventually opening up the base for the high grade Stage 2 to expand.

In between Yarrol and Monal licences is the exciting Cannindah mine:-

“Significant of historical copper and gold intercepts at Mt Cannindah including 82m @ 2.32% Cu, 0.88 g/t Au and 42.1 g/t Ag, along with 36m @ 8.65 g/t Au and 52m @ 4.90g/t Au.

The existing JORC resource for the main Mt Cannindah mine portion of the project is 14.5Mt @ 1.09% CuEq (JORC 2012)

Previous geological interpretation of key targets within this gold earing porphyry copper system reveals similarities to the style of mineralisation at Newcrest’s Cadia and Ridgeway Cu/Au deposits in NSW.

In October 2021, the company recorded 282m @ 0.94% Cu, 0.3g/t Au, 19g/t Ag (1.28% CuEq) from new drilling.

In November 2021, exceptional, thick copper intersections at Mt Cannindah (HOLE 3) aggregating to 493m @ 1.17% Copper Equivalent (0.89% Cu, 0.26 g/t Au, 15.2 g/t Ag).”

I haven’t seen evidence of copper at Yarrol but fingers crossed as they do mention old cobalt plays. Cobalt always comes with either nickel or copper

Yarrow seems to be a good gold play, high grade and near surface.

Looking forward to the additional drilling and geophysics surveys , plus the maiden MRE on Yarrol.

I’ve invested mainly because of Kathleen Valley, I’ve been looking all around that area, quite interested in it.

Hi molarcanine

There won’t be an underground crusher for many years it’s likely to be way down.

There’s a primary crusher near the Boxcut in the old mining plan, I can’t see that changing for a while.

The 6% dilution came from the PFS with another 3% of paste fill waste coming out, this would be just from the Sulphides not the breccia the dilution would be higher.

Hi Howezap

I didn’t see you mentioned others ores.

With Antipa ores having a cut off of 0.1g/t the possibility of pre concentration is quite high. The viability of transporting low grade ore to Telfer looks very low, so pre concentration will reduce transport costs.

From what I’ve seen on Landtracker maps there is a road planned but it’s going to the west not to Telfer. This is suggesting there own plant with a route to join up with the Telfer to Port Hedland road. This route licence is cutting through part of the Camp Dome with an application over some of Ggp land.

I’ve never seen anything interesting at Redsetter.

Those cores are telling a different story to all the hype.

One of those cores is shown sedimentary layers that’s an indication they weren’t in any melt condition and no sign of breccia. Some of the cores are showing signs of breccia but not a lot. The quartz veining looks minimal to me. To go passed 570m deep reminds me of Artemis drilling Nimitz when they ended up 900m down before they hit gold.

Good for anyone who’s made a profit so far, but I worry for those that will fail at 570m depth that’s on the verge of being likely.

If I do see anything I like I will report it.

One thing I have noticed is a small open pit on the way to Redsetter it’s Ggp’s Fallows Field . Newcrest did a report on an additional pit called Pit 15 to the north in around 1996. Looking on google maps this has never been excavated, at today’s prices I was wondering if it would get bigger 🤞

Hi Element

I don’t understand the Antipa strategy, I would be concentrating on one or two targets not trying to find every scrap of ore around.

The environmental hurdles will be massive, together with high costs.

Why they keep picking up licences that Ggp and Rio jv keep discarding is questionable?

Then when Antipa release land Wishbone pick them up. They’re going to be good then 🙁

That was a good grade this morning at Fiama .

Whether it’s stunning is another matter.

If you read Hotcopper Onceover and Tambourine Man’s take on the West Dome Deeps they are saying that the underground drills followed the LLU reef where in fact it went across at least 3 times through the double anticline. Their facts were totally incorrect. Then they go on about the bonanza grades at Fiama, what they don’t mention is the 33m @15.8g/t is following the vertical vein downwards exactly what they said was happening at WDD. The actual width across the vein is about 20m, so 20m x 33m deep, the length is debatable as there’s low grades all around it.

Antipa use a low cut off of 0.1g/t so will pick up all the low grade material.

At the WDD is a different situation the best intercepts are >50 g per metre but in the drill logs they’ve shown >5g per metre.

This high grade intercept has an inclusion of 1m@395g/t, that’s stunning but what it does increases the average grade for the whole intercept. I’ve always said ignore these one off intercepts. At Havieron they used a 30g/t high cut off to prevent smearing of results.

From Investors Chronicle regarding Bonanza grades:-

“Gold exploration numbers can be difficult to parse for non-experts given the nature of the mineralisation: a site might only have one vein, but if an explorer hits that vein it can announce an extremely positive drill result ('bonanza-grade' is the term often used to refer to the highest grade of gold grams per tonne) that bears little relation to a working mine in a few years. Thus the idea of a company trying to drill down the vein in order to present extremely high gram-per-tonne numbers to the market. ”

https://www.investorschronicle.co.uk/content/92b85fde-c8f5-53d2-93e9-69d527d29eea

Hi Spud

Shaun mentioned to me at the Townhall that the infrastructure would be constrained inside Havieron licence. This was when I asked him about the conveyor could come out around the Kraken target.

Howezap mentions pre concentration of Havieron ore. This is unlikely, this procedure is normally carried out with low grade ores. Havieron waste content/ dilution is only 6%. The high grade ore reacts better with the reagents when freshly crushed/ ground, so only primary crushing likely at Havieron.

Crushing reduces the bulking factor of freshly broken ore which maybe as high as 30%.

The Birds and the

Bees Restaurant

Easter Cornton Road

Causewayhead

Stirling

FK9 5PB

Hi Toby

There’s not enough space available at Havieron for a plant and tailings. To the south and west is in the flood plain zone, to the north and east is environmentally sensitive area.

It’s a conundrum for us to work how they will utilise the Havieron train so the Feasibility Study should be very enlightening.

Is it possible that they’ve delayed the FS till this latest round of drilling is nearing completion to ensure Telfer can maintain use of its train.

We need the Telfer ore copper concentrate so it can be blended with Havieron’s concentrate to reduce the bismuth content, which has a debit at the processors if it goes over a certain percentage. To not have the 2 concentrates together I believe is not an option.

Hi Speedy

I don’t think there’s any chance of a 3rd train, Telfer is the 3rd biggest plant in Australia.

Tailings deposition is manageable at the moment a third train would put tremendous costs on to the project and strain on the tailings deposition rate.

Hi Taverham

Havieron is a deep mine it was accelerated by Newcrest because Telfer was running out of ore, if we hadn’t of had 2 years delay with the 5%, Newmont buying Newcrest then Newmont selling to Ggp Havieron may have started producing by now. That’s 7 years since Discovery.

There is no rush this time for Ggp to jump in so Redsetter if it’s viable could take 15-20 years to start production. Telfer may at that point be running low on ore maybe not but Havieron bulk ore will be close to starting negating any need for others ore even at that point.

At the moment the train Havieron will be using may have reduced capacity to 6mt pa leaving Telfer ore going through the other train @8.5mt pa includes maintenance downtimes.

There’s a huge tonnage to come out of the saddle area in the open pit, it will keep the plant going for many years.

Greatland have Telfer this is 3 or 4 mines in all with a big processing plant. They have the West Dome pits 9,10,11 and Leaderhall pits the future expansion will amalgamate these into one huge pit, they have the West Dome Deeps a starter mine of very high ore with potential large amounts of stockwork underneath and a potential for bulk caving above in the reefs. They have the ESC which keeps growing in the upper Main Dome underground. They have massive potential in the A reefs, the LLU strata, the Rey, Kylo and the VSC stockwork.

Then there’s Havieron.

Then there’s the SE open pits

Then there’s O’Callaghans for the future.

Greatland will not need to supplement with other ores from third parties.

Onceover on Hotcopper:-

“That core in the Red Setter drilling looks pretty hungry. I'd like to see a lot more sulphides and quartz veining before I expected decent assay results. And it's extremely deep. Another Havieron situation - with perhaps 500m of cover on top of the target basement rocks. My biggest uncertainty is that the brecciation and hydrothermal alteration in the core could be the major Cenozoic basin-bounding fault zone rather than a breccia pipe. But they are targeting a prominent magnetic anomaly, so there could be a large body of pyrrhotite-pyrite-chalcopyrite mineralisation nearby or at greater depth. And they have sent for more drill pipe to keep going past 750m depth, so they may hit something more spectacular deeper in the hole. And even if they don't, the downhole mag logging and DHEM may still suggest that they have a large magentic/conductive body just off hole that needs another drillhole to intersect it. Let's see what the initial fast-tracked assay results come up with and what else the drillhole extension below 750m gets. If I was them, I'd be raising more cash on this initial excitement to fund the costly ongoing drilling program.”

Dilution a certainty

I’m only interested in assets I can believe will grow. I’ve invested in a few Lenigas projects and I’ve learnt he will get the sp to spike but you have to learn to sell out at that point not get sucked in when the price rises, that’s the point more shares are issued.

Facts about Redsetter it will be deep not shallow, it will be very expensive to bring to PFS, the cores show very little sulphides, low levels of gold anomalies in previous drilling.

Facts about First Development north of Winu, they are looking at targets 800m down, they will fail to be economically viable due to its depth.

Artemis by Havieron failed to find anything viable, they found breccia pipe, they found gold from 900m under 600m of cover.

Greatland have Telfer this is 3 or 4 mines in all with a big processing plant. They have the West Dome pits 9,10,11 and Leaderhall pits the future expansion will amalgamate these into one huge pit, they have the West Dome Deeps a starter mine of very high ore with potential large amounts of stockwork underneath and a potential for bulk caving above in the reefs. They have the ESC which keeps growing in the upper Main Dome underground. They have massive potential in the A reefs, the LLU strata, the Rey, Kylo and the VSC stockwork.

Then there’s Havieron.

Then there’s the SE open pits

Then there’s O’Callaghans for the future.

Greatland will not need to supplement with other ores from third parties.

Depends if you like reading rubbish

Because I had a go at all the rubbish the rampers are posting