Member Info for Bamps21

That’s put us all in a quandary about what to do.

Roger, me and Strudel are still meeting up in the Cheshire Cheese for all those that want to join us. About 4pm

Hi MFU

I will be in the Cheshire Cheese from about 4pm, it’s about 100 yards from the Townhall.

It’s normally packed with us lot.

I don’t know about anyone else who got in pre 2018 but I invested after months of research on the greenstone belt in which Ernest Giles belongs.

The few drills Greatland have put into it is just scratching the surface, it’s huge and mainly Ggp’s.

If you’ve seen the picture of Telfer with a 50km radius overlaid, if Ernest Giles was placed over that not a lot of it would be inside that radius.

It’s a huge prize. The Greenstone belt has been responsible for the making of many of Australias mining companies.

I’m still waiting patiently while Telfer funds EG. 🙂

Antipa have applied for nearly half of the licence “Telfor Domain” to the north of Strickland.

There wasn’t any sign of the jv surrendering that ground but it was coming up for renewal.

Hi Matml

Where has that info come from, they were drilling the ESC last time we heard. Also Shaun stated they need to do hydrological surveys before doing another drilling phase plan.

The drilling platform is a bit too far back to explore the extremities of the WDD, they need to extend the drill drive. That being said in the Feb RNS they suggested they would be looking underneath the high grade Lower Limey unit into the centre of the anticline as it is not understood in detail . There were reports in 2010 and 2014 where one of them highlighted a vertical 80m wide mineralised breccia column.

The drill logs in the RNS are indicating mineralisation throughout and in the reefs above the LLU.

It’s a huge structure and will not be drilled all at once, still open to the north, south and at depth, unfortunately too far for the underground rigs to reach.

I hope nobody will ask the question to Shaun when he comes to London. Their strategy and sustainability report indicates they are aiming to build a company based on battery metals and nickel is one of them. Also their investment strategy is to invest in known proven Management teams.

They are investing in Shaun’s dreams they know he can make it happen. I can’t see them wanting to take out Ggp just build their stake in it. Why would they want to buy it and replace a successful Board that has made them considerable sums already.

The fact is Telfer and Havieron have still got a lot of risks. The extension of the Mine Life is still not proven.

As I said I hope no one asks Shaun about it he’s got enough to do. It will be embarrassing for everyone attending.

This is what they maybe doing with those tailings on the eastern dam wall, adding or cement to give those tailings strength.

https://www.google.com/search?client=safari&sca_esv=9373e67870ea7967&hl=en-gb&sxsrf=AHTn8zoMoPcgEuK_V42jIpH1jw2I8A_n-g:1745672234623&q=lime+cement+stabilisation+methods&udm=7&fbs=ABzOT_A-D3gqhGpKey3m541in_a4evouXlxf0ztaDDubgyT0ES35hj4GhQ5f9qJAc4Wc86ccvTWWt3MfhlpEKePodWHjf_limAOLVHo6WBysYN-FO-ucXQZaQWzzdlxyhNbT4m1G0wAyR66ZGa8Yu95jSPUNRVSKENMmjB2QifSafTBJJzYNLlufHQjDXGuOD56QH7Zun4ZIdBd960bPhLbAbmOoU_FBPuuTG0DLtCHQrw3ESjy30Fc&sa=X&ved=2ahUKEwi-o8Hr3_WMAxXtUUEAHfO9LAEQtKgLegQIERAB&biw=414&bih=714&dpr=2#sv=CBMSGQoIYjgyNmMxYjkSC3QxQmt1dEJqNlFzGAAg_NPglAcwAQ

Hi Red

Lifting the walls to tailings dam 8 is crucial to keep the plant running.

There’s 13 lifts on these walls , this is the third lift, just goes to show how much they are processing.

The latest satellite images have thrown some light on what’s happening on the big TSF7 where there is a large trench across it.

They’re moving it to the side wall of the tailings dam 8 , work has started there on the east side to lift these walls.

The new licence is very close to Gascoyne’s Hibernian asset with 24,000oz

Another licence at Woodlands E52/4432 granted 7th April

There’s a long exposed ridge on that one

I’ve not recorded any of my talks, the reason is to get people to these events to meet one another, we do have a good time. Contact our Rotherby I’m sure we can sort something for you.

Great to see a good turn out from so many nice people again. It seems everyone really enjoyed me prattling on 🙂

Next one at Meadowhall Sheffield 31st May, it looks like a big turnout but there’s plenty of room apparently . Contact Rotherby if you want to attend on Ggpchat.

As I’ve just posted Havieron will probably require debt funding despite having more money than forecast at this point.

You’ve heard Shaun in his videos telling us long lead items are being acquired for now , not in 2 years time.

How do you expect Telfer to fund itself!

There’s so much to fund at Havieron before any revenues are achieved.

I shall be very happy if they don’t use the debt but I don’t want Ggp to be left with an empty bank balance, would be catastrophic if anything happened not planned for.

We are being held back by risk of dilution, we are being held back by :-

Not being in the ASX.

Spending capex before a decision to mine is announced .

Official mine life at Telfer.

The issue of 2.5% more shares is not necessary but may be a requirement of the ASX to show funding capabilities . They may be opening up to us as well so is not a closed procedure.

You lot seem to want your cake and eat it with talk of funding Havieron from FCF. Yes they are earning far more than forecast but workstream and wants are increasing too.

A$800m capex for Havieron which doesn’t include a bitumen road, new conveyor design, new trucks, drill drives, underground exploration.

All this before any production plus any hidden costs like hydrological surveys.

Telfer FCF needs to prioritised for Telfer Capex, there could be large sums required for the pit cutbacks, tailings dams lifts, exploration declines, underground infrastructure to WDD, ESC and SLC to name a few.

Any borrowings should be quickly repaid once capex spend diminishes, they forecasted 3 to 4 years which is likely to be reduced with continued revenues.

Sustainability issues will soon be in the planning like solar farms and wind farms. This Report normally comes in May but could come with or after the FS.

Don’t forget that when the US dollar falls it brings down the Aus$ conversion Free Cash Flow so the benefits are negated and costs rise.

Maybe but there still drilling and preparing pads.

Paddy reckons they’ve started drilling on Ggp licence west of Parklands.

Saltpetie on Hotcopper has picked up new pads on Ggp licence to the east of Parklands.

I noticed on the satellite last night 3 pads on a track on licence E45/3100 just near the Pascalle border.

New pads have appeared around Trotmans central, west of Backdoor/Ironclad.

Going to be a busy drilling season.

Hi Speedy

When the Maiden resource came out for Havieron I think it was in Dec 2020 they gave sizes for the crescent of 550m long x 20m thick x c750m.

We haven’t been given sizes for the WDD yet bar 700m long which compares with Havieron, the width looks stable at 25m also comparable.

From one end to the other is difficult to judge. There was a drill from surface went really deep and hit the Southerly edge which extends mineralisation to 400m from top of the anticline down the western edge. The eastern slope is not as mineralised as the west but could add 200m to its length.

700 x 25 x 600=10,500,000 cube x2.8 = 29.4mt that’s higher than the Havieron MMRE of 18mt in the crescent at around 4g/t eq for around 2.4moz eq.

WDD say 30mt @ 1 g/t is 964,000oz eq

30m @2 g/t is c1.9moz eq

30m @ 3 g/t is c2.9moz eq

I think the average could be 1.5g/t but a lot more drilling required.

Only 3.2moz from the Main Dome underground is or seems rather low to what could be under there.

The big prize for me is the stockwork under the WDD could be vast quantities of ore there, the possibility of 700x 400x300 dimensions bigger than Havieron if mineralised and it looks as it is but early days and still open

A 7mt hoist won’t be big enough for this orebody.

What a great position to be in , a quandary 🤣