Member Info for Bamps21

Https://www.newmont.com/investors/news-release/news-details/2024/Newmont-Announces-Agreement-for-Sale-of-lonore-for-795-Million-in-Cash/default.aspx

Newmont have sold their Eleonore mine to Dhilmar a private British mining company who were involved with another Newmont mine disposal in Indonesia. The firm who bought that one grew to a $40bn market cap

Havieron stoping operation will be a Tier 2 operation. It’s a starter mine.

The bulk of the Havieron ore has not been proven yet. Lots of underground drilling to do to prove up the resources before any bulk mining can be planned.

It’s a World Class asset that needs proving up to be a Tier 1.

Hi Rotherby

Thanks for organising this event, I’m looking forward to it 🙂👏

The exciting thing about Telfer is its potential, the Blue Sky as Sunday Roast put it. There’s also the risk of not finding anything, this looks however very unlikely.

There are 3 zones in the open pit “ready drilled” according to Shaun, these results should be made known in the resource estimate, he also intimated that the base of the West Dome pit is higher grade, so they’ve seen these results.

The underground Main Dome targets are already known Newmont took these out of the Newcrests MRE.

Between these 2 zones there could be 10 years work there.

Then there’s the West Dome Deeps where they are currently fan drilling the top section. Shaun seemed very enthusiastic about this area and said this could be another 10 years Mine Life. A higher grade ore body surrounded by breccia , the Western, Eastern and Central stockworks. The historical reports indicate a shadow lower grade orebody above it.

Timeline for this depends how much infrastructure is required, we know there’s just a straight Decline of nearly 2km through stable country rock and then a spiral decline going up and down the ore body. Ventilation is required with one new deep drill shown on the plan.

This is like Havieron although here the production will start in the centre and work upwards and downwards at the same time.At least 2 years before this can start.

It looks like there’s at least 12-15 years Mine Life left at Telfer with news starting in March and then the Reserve MRE in June.

For me double figures could come from Telfer news without any news from Havieron where there could be a 50% increase in the reserve figure next December.

Blue skies 🙂

When I said the West Dome underground I wasn’t referring to the West Dome deeps that’s even deeper 🙂🚀

I mentioned a poster called Jim06 in my presentation on Tuesday night. He hasn’t posted for a few years but I used to have some interesting chats with him.

He used to work at Telfer in the 90’s I think.

Take a look loads of little gems (and the sp price)

https://www.lse.co.uk/profiles/jim06/

Here’s one

“Jim06

Posted in: GGP

Posts: 50

Price: 17.50

No Opinion

RE: SB comments31 Oct 2021 22:12

Too true

Back in the day they thought the main dome at Telfer might have been the legendary Lasseter's Reef. Little did they know the beast that lies beneath

Cheers“

That was the Main Dome!

Now for the West Dome, a word in the Acquisition Document describing the West Dome underground

“Analogous “ to the Main Dome 🚀

At the moment Ggp have 30% of 2.9mozeq reserves, that is 870,000 ozeq at Havieron.

This figure could rise considerably .

The 86% conversion factor of 5m+ozeq equates roughly to 4.5mozeq.

At the moment Ggp has around 19% of the potential reserves.

We could be looking at 5 fold increase in reserves.

Oh yes and now there’s Telfer:-

Resource estimate early this year of 426,000ozeq, Shaun is quoting lately of 500,000ozeq.

That’s a 15% jump.

Exploration targets removed from the Newmont MRE could add 1.3 to 1.5mozeq a 100% jump.

Other assets omitted from Newmonts MRE could = 300,000ozeq

Total Telfer resources 2.3mozeq less a hefty conversion factor 65% would give a reserve approx 1.5moz.

Total reserves could be 6mozeq

Therefore 870kozeq now is 14% gives a 7 fold increase in reserves after acquisition.

On top of this will be the results from the West Dome Deep, I’m estimating 500koz from the top half to be announced in March.

This thread should be removed.

He’s promoting his own website

Don’t click on it.

It’s a total waste of time

What problem is that Bobrad?

When Havieron is completely in Ggp control they can put in place the plan they’ve been putting together.

One such item is diverting the Decline route towards a ‘bump’ in the basement rocks, this is around 20m higher than the surrounding basement level. This has 2 benefits one is less water seeping into the Decline once pumping has started as any water accumulation will be to the surrounding lower levels, the other is a shorter Decline length to get through the aquifer somewhere between 125-150m shorter.

The evaporation ponds need the additional capacity to prevent over spilling like in March 23, the official approval is imminent.

The Decline advance is not on the critical plan path.

The 2 vent holes are priority, lot of work there.

The latest satellite image shows the weather is very cloudy.

The last clear image of Bootstrap is showing the 4 drill pads have drill ponds, these are needed to catch the waste water from the diamond drilling.

Remember Bootstrap is very close to the SW corner of Havieron not far from the Boxcut so this infrastructure could possibly be used.

The cover at Bootstrap is a lot less than at Havieron.

Keeping 🤞for a good result

Hi Jerry

I agree with you this is very different.

I bought Croda many years ago at £1.40 and experienced many consolidations from them and the share reached £104 before dropping back.

Consolidations are not to be feared in Ggp case.

Having 13bn shares in issue is a lot but I can’t see them consolidating before the ASX listing, it gives Shaun options on how to get Australian institutions involved.

These charts are an absolute waste of time for Greatland.

We already have a very experienced Chartist amongst our shareholders.

Swazers are very amateurish, he’s trying to get you to click on his link to get his numbers up. Think before you click.

Hi Magnum

Last time it was at the Harrington Arms at Thulston not far off the Derby southern bypass, but I will leave that to Rotherby to finalise

Thanks Chabuddy hope to meet up soon

Hi Speedy

I’ve booked you a place in the England squad, was a spectacular catch. 🤣

I’ve learned something tonight don’t drink red wine when Speedie is about. I got showered 🤣🤣🤣

Brilliant night thank you all for coming.

Collected £95 for McMillan nurses 👏👏👏

Thanks Bamps

Enjoy the night and great turnout - enjoy the companionship.

Please send my regards and best wishes.

Regards

Shaun Day

Managing Director

Hi Chabuddy

No problem still around 30 coming and the weather is improving .

The pub wanted a donation for the room to go in their collection so if you still want to donate you can go on the McMillan website. They do some incredible work with cancer patients.