Member Info for Bamps21

Hi MFU

The longer it takes to get the keys then it may well deplete the mining plan resources.

They have stated they will leave 9.6mt but this is replenished from the West Dome pit and some from underground. There’s certainly a lot gone from the pit just on the north side of the water in the base of the pit.

They’ve lowered the water level revealing a ramp down to the base. This excavated material is coming out of the 11,600,000 tons in the Mining plan at a possible rate of 30,000 ton a day.

I’m not 100% sure that there are clauses in the deal covering shortfalls of materials, I would expect there was.

Hi Chabuddy

Yes just about be great to meet you 🙂

I’m getting very close to saying that the meeting at Stroud on the 19th is full, the pub itself is massive but the meeting room upstairs isn’t.

I’ve been absolutely blown away by everyone’s enthusiasm for this meet up.

I would like to thank everyone coming for their support 👏👏👏

Hi Tom

Thanks for that.

One day we will get you to one of our meet ups and you can buy me the pint you owe me 🤣🤣🤣

The Bootstrap target on Skylar has had 5 pads constructed this year, one of which looks to have diamond drill drilling ponds but the satellite image isn’t that clear, the others do not seem to have a pond. Could be not drilled yet or just rotary drilled.

If this is a positive outcome it’s so close to the evaporation ponds and Boxcut then the Havieron infrastructure could be utilised.

The same goes for Teach which is just to the north but closer to the ponds. Teach was surrendered by Ggp and snapped up by Newcrest. It was granted fairly swiftly and now Newmont have it , Ggp are just about to get it back. This does look like a bit of political manoeuvring to bring it into the Havieron licence, only my guess.

Antipa have applied for the remaining area of Scallywag surrendered that is still waiting approval

Hi Ponie will be great to see you again

Latest satellite images from the 31st Oct show a big depletion in the stockpile from the centre, indicating it’s going down through the Shute onto a conveyor and into the plant. The West Dome Open pit is now showing where most of the stockpile is coming from, I’ve estimated around 30,000 ton per day based on the 11.6mt in the mine plan for 12 months.

C1300 tons per hour to the stockpile if 24 hour rota. The plant can handle around 800 ton per hour so the stockpiles should increase with only 1 train working.

Then the underground mining should increase that by around a fifth for 7 months going on Byrnecut’s extraction rate.

To get through all the mine plan and stockpiles in 15 months processing both trains will be needed nearly full time. This is contrary to what other posters have stated.

Hi Martin and Red

Looking forward to seeing you on the 19th.

🙂

Hi Strudel I hadn’t forgotten you came from Scotland but it didn’t take you so long 🤣 and Liam flew in as well 🤣

I couldn’t get a week end slot this time.

I’m astonished the amount of people interested in coming around 30 at the moment

Thanks Jerry will be good to see you

Hi Speedy

Will be great to see you again 👍

Let me know on this thread if you are thinking of coming, you will be very welcome

The next Stroud event is booked for Tuesday the 19th November from 6pm.

The Fromebridge Mill just a couple of minutes off the M5 junction, plenty of parking, plenty of room.

Event in aid of the McMillan nurses charity a small donation would be welcome.

I have around 40 slides of Telfer to go through from around 7.30pm.

It’s always been the best attended event of our private investors, please make the effort to attend and meet like minded people.

A lady drove from Maidstone last time so distance shouldn’t be an excuse.

Looking forward to meeting old friends and new ones. 🙂

Chuff why are you using their heading your promoting those idiots agenda

Why is everyone promoting those idiots inaccurate headings , change the thread headings before postings

Hi Rotherby

I would hope before the New year

GGP drilling campaign this year has centred around the west and southwest of Havieron. Definitely 2 deep diamond drills have happened at the London Deep target and 5 drills have happened at the Bootstrap target on the Skylar licence on the Rio jv.

The amount of drilling on the Rio jv could now give us enough to get the 51% of that jv, would be interesting to find out.

I can’t find anymore drill pads from the satellite at the moment

Hi RA

Still scratching my head on your post.

Where do you see any better grade material coming from?

If they leave the weaker grades till the future it would be cheaper to close the plant and all the capex from Havieron would be from debt.

Hi RA

I’m still mulling over your post where you are suggesting not mining lower grade assets as RR suggested. I don’t really understand how that will fit in with keeping Telfer going. You suggest slowing the rate of processing to prolong life of the plant.

What we know:-

There was 21.6mt in the Dec MRE which is the new mining plan. At least 2mt will have been processed before Ggp get the keys, this will leave around 19mt to be processed in the 15 month plan.

9.6mt will be left in the stockpile this is mostly being mined from the low grade pit in the West Dome.

This leaves around 9mt left to be mined from the plan, around 1mt from underground will be high grade the rest low grade from the open pit.

19mt will be processed in the 15 months, so that is 2 trains working.

If as you are proposing to only use one train the FCF will be diminished by half for Havieron and more cash from the banks will be required to fund this gap.

I don’t really understand your logic on that.

After the 15 months there will be a gap of at least 9 months to fill the mill. As far as I understand there is 8.4mt according to Shaun of weak grade ore this could utilise one of the trains for 12 months (recovery factors are not great for this ore).

The new mining plan due next June will highlight how they intend to fill the mill prior to Havieron ore becoming available and afterwards.

One train will be used for Havieron ore , initially not enough to keep that train going. There will be one months processing for first year, 3-4 months second year and 4 months subsequent years. There will be large gaps in processing.

The other train will be processing any ore from Telfer available in the New plan which is going to be mainly weak open pit ore with possible higher grade from underground .

Until the West Dome deeps come online mining any weaker ores will be a necessity.