Member Info for Bamps21

Hi Mark

Nice one.

I’ve got a signed LP 🤣

To be a zero producing mine will be very difficult and expensive but will happen at Telfer and Havieron eventually.

If you look at Landtracker maps FMG are accumulating land to the SE of Panorama, I would say they are gearing up for solar and wind farms. This is. Likely to happen all around Havieron especially to the south on Skylar and will also happen around Telfer. Solar and wind could be used to produce hydrogen to run the plant and fuel for power station.

Refining the concentrate at Telfer would save tons of CO2 emissions, this is happening at Nifty. Getting the concentrate there is different but the electrowinning is the same but needs loads electricity.

Will take time but has got to happen.

Before Ace not after 🙂

Going to a pub near the V&A for lunch before the Cheshire Cheese then the meet and then race to get last train.

I hope this won’t be his last meet in London, that would be a shame

Hi Lyndon

The Satellite images are every 5 days last one was on the 16th there wasn’t much change that I could see apart from in TSF8 where there is a pit which has been excavated where the sink holes were found. They are lining it and this is showing up black and it has grown in size the last 5 days. The stockpile from the hoist has grown a little.

The 5 pads at Bootstrap can be seen clearly, the 3 on London 2 of which look to have had an RC drill and collars inserted but that’s only an assumption . I’ve been looking elsewhere but can’t see other pads I’m presuming there must be.

This orebody will extend the life of Telfer could be a good 5 years work there, but is not advanced as the VSC or the Eastern stockwork these again could be 5 years extension. I’ve not seen any published details on these but the VSC has a figure of 1.3moz resources on it.

Telfer processing may not be full now but it will be, no need to want other ore into the plant. That presentation says they have enough to fill it for the time being.

There’s an issue bringing other ore and that’s the tailings. The ponds at the moment are only designed or planned for Telfer and Havieron ore, they’re extending the TSF8 upwards from 16m to 27m in phase 2. It’s planned to rise to 65m in the future under phase 13.

The planned use of tailings paste at Havieron and now West Dome deeps and VSC could empty these dams for reuse , that’s only my thoughts.

The original plan was to build up TSF8 to the same level as TSF7 but that now is on hold, so lot of work to do to sort that out.

With Ggp holding 8.6% of Antipa and possibly upto 10% they may bring in this ore from Minyari but have a say on how the waste rock is filtered out and left at Minyari. Transport is going to be expensive for this weak ore to Telfer.

The drill is spinning at the moment so I’ve just been told.

This isn’t one or two drills it could be dozens from one spot.

Apparently they’ve been drilling since April so there will be masses of information to go through.

From the historical logs I’m expecting high grade results of gold and copper, lower down the orebody the copper seems to tail off a bit.

They’re saying results in 2025, this could be monumental for the resources of Telfer.

What they’ve shown us is only the high grade ore, there’s lower grade breccia surrounding it.

Newcrest’s previous drilling on their licence next door to Parklands must be very interesting to Ggp. They must know more about the Parklands anomaly than has been revealed.

There’s a further licence application at Mt Egerton, that’s 4 granted and 2 applications.

That’s slightly different to the projects page on the web site there’s one further licence that’s contested

You shouldn’t be punting other shares.

You’ve invested in GBP not Callum.

It’s a small licence, just one licence.

Take a look at how much land Antipa had, then take a look at their dilution.

You are going to have to accept there’s a lot of dilution to come for GBP.

A pre concentration unit is not going to happen yet, it’s not in the plans.

A primary crusher is planned and is part of the transport companies contract well the old one anyway.

This will reduce the bulking factor before being transported to Telfer.

Continual testing of the ore underground will separate out weak ore or waste rock, this will be stored in the stockpile areas and eventually laid on the floor of the exhausted stopes prior to the paste fill. This allows for the stoping of the sill below the original stopes after backfilling and that layer of waste rock will fall into the lower stope.

Paste material from tailings coming back to Havieron are not wet, they have to be dried before transport. Tailings ponds 1,2,3 & 6 have been moisture tested and are deemed the correct moisture content to transport.

That’s if Telfer doesn’t use them first.

That rail veyor handling system looks very interesting and probably a possible contender to use to get ore to Telfer.

We’ve had a 12 month blip with the sales process you need to factor that in

A bit of reality is needed with Minyari, by that I mean going back to basics there been no dilution factor that I can see applied to the orebody. Havieron has 6% the industry standard figure is 15%.

Then there has been no reserve figures announced what’s their conversion factor.

Havieron has a resource estimate of 8.4moz equivalent of indicated and inferred.

It has a conversion factor of 86% which has produced a reserve of 3.2moz eq

From one ore body

Antipa has 2.9moz eq resource estimate over 7 orebodies

I’m having a rough stab at reserves

1moz eq (taking out cobalt grades don’t look strong enough and can they be viably processed it’s very costly).

Minyari I would say has something like 0.8moz gold.

They still have a lot to prove up and their A$23m in cash will be needed for the drilling.

Personally I think the Wilki jv is disjointed and terms need to be addressed.

Ggp will have to spend A$7m by Feb for 51% , then spend a further A$44m to gain 75%.

There hasn’t been a lot of success so far on Wilki.

Parklands does look a promising early stage anomaly.

According to SRK Tim’s dome, Chicken Shack and Parklands are worth A$7m.

Could the FS be considering this bulk handling system?

https://m.youtube.com/watch?v=yTbc9DWzxHg

The West Dome deeps has some high grades of gold and copper , mainly in veins some could be 20m thick, most of the intercepts are small but the strike length around 700m.

The planned decline looks to heading nearly halfway down so could be stoping up and down from it, producing both at once maybe.

Possibly another 5-10 year operation.

Loads of other bits to go at as well.

Can they make over 2moz additional ounces. Looks like it 👍

When they do finalise the sell and can announce over 1moz in the Vertical Stock column and is ready to be mined with a mine Life of over 5 years 🚀

Hi Spades

I read a lot and take things in very quickly, I can picture these sketches in 3D in my head, it’s full of junk 🤣.

The 9.6m ton is going to be processed by Newmont for 2 weeks to put tailings in TSF8 to test it, the stockpile will be replenished from underground and the West dome open pit. From next October time the underground will be depleted and only the open pit will be available and the grades will drop.

There’s 2 cut backs extension that need to be drill tested and permissions sought.

More underground workings around the Main Dome are needed to blend the mix.

All to do in the next 12 months 🤞for a load more.

Hi Barna

Only 9.6mt is in that 12 month mine plan, the 15 months includes 2 months processing. 20.4m ton is extra to the Mine life.

Regarding the delay-

We’ve lost over 12 months in time.

If the sale is complete by Xmas that would give 18 months to first Ore. That looks tight to me.

Long stop date is Feb 25.

Bearing in mind the Decline end position has now altered to first production level so another 5-600m to get to it, plus those 2 long vent shafts were not in stage 1. They will take time. Also the refrigeration plant wasn’t in stage 1, lot of work to get that up and running. It will get hot and humid through that aquifer could be another reason they delayed things. There was also the overflowing of the 3 ponds during March rainfalls, this contaminated the surrounding soil, work on this spillage clean up is ongoing.

Ggp is a different beast Telfer must take centre stage for now to keep processing going until Havieron is ready.

Hi Spades

The 9.6m tons is at 0.67g/t this is classed as reserves there are costs to this of A$10/t.

These are all in the 12 month Mine Plan ( there are an additional 3 months of processing of that) . The grades will get lower as the underground ore runs out around Oct/Nov 25 .

The 20m tons of stockpile have been quoted around 0.3g/t but this needs testing to confirm, this is just ore that has been dumped in the open pit deemed too weak for NEM, it could be a right mixture of grades.

As I’ve described previously this ore needs testing to get it from resource to reserves quickly as it will extend the initial 12 month mine life. It will add tremendous value to Telfer. The copper values in this aren’t very good with only a 30% recovery rate, so may end up being a small bonus than a meaningful credit.

Hi Doublehun

The ore will start coming out H2 2026, primary crushed and stockpiled at Havieron waiting for viable quantities for transport contract to start.

The critical path to production is not Havieron now, it’s the 9.6m ton stockpile at Telfer.

There’s only one year production stated to be of c13mt then it drops off to about 5mt.

There’s going to be a hiccup in processing until Havieron comes on stream.

All these production figures and values are only based on known reserves, NEM ignored a lot of the stockpiles that Ggp are now looking into, these amount to 20.4m @ 0.37g/t there’s a bit of copper but irrelevant really as it’s only 30% retrievable of low grades.

They need to be drilling and testing all around Telfer as a priority to change resources into reserves to boost production. They’ve stated a June MRE for that.

Fan drilling of the West Dome deep started last April so results March/April 25, only for the top section it needs the decline to get lower down before completion of that.

Drill testing the open pit cutbacks and the underground Main Dome could also add reserves.

This all all needs doing to avoid a hiccup.

Delaying the Havieron ore helps with completion of the Telfer ore processing before the high grade Havieron ore becomes available.

2.8mt rather than 3mt is much better in my opinion as the grades are higher and recovery factors more stable ( more ore = lower grades)

Hi Bfd

Look at that image and expand it you will be able to see in purple the new decline infrastructure for both the West Dome Deeps and the vertical stockwork.

These around 450m deep so those spirals will be c3,000m in length each so there’s at least 5 years work there. The best thing though they can start producing from the top as they work down ‘pay as you go’ so there’s a few more years left without other targets.

It’s all very exciting even if that discount was a bit of a downer. This is going to be massive 🤣