Member Info for Bamps21

The Feasibility Study has being worked on for sometime now with the statement that optimisation of 2mt per annum to 3mt per annum.

Question is which is best

2,000,000 @ 3.6 g/t 232,000 oz

Or

3,000,000 @ 2.6 g/t 250,000 oz?

The optimisation has to get more value from the 3mt to make the extra cost worthwhile.

My own personal view is best to stick with 2mt for the next few years until the Decline and more infrastructure is complete, it will be a slow build up to 3mt.

I did a post sometime back on the 3mt operation, I will repost it.

Forrest’s hydrogen energy firm Pilbara energy have been snapping up swathes of land to the SE of Panorama

Makes you wonder whether Newmont didn’t want Newcrest to acquire the 5%

Havieron is still there, discovered in Feb 2018 with the first hole results of Had001, a super huge discovery with the initial drill.

The Maiden MRE was announced in Dec 2020.

October 2021 saw the published PFS for a 2mt per annum for the high grade ore.

December 21 saw Newcrest wanting the additional 5%.

March 22 Ggp issued their own MRE reserve report.

June 22 Newcrest failed to gain the 5%.

August 22 Newcrest issued their own MRE practically the same as the Ggp MRE.

Newcrest 70% owners were bought by Newmont late 2023.

October 23 The Decline was put in care and maintenance while studies decide what to do with the aquifer

Dec 23 Ggp issued their own updated resource report, no reserves were issued.

Newmont hasn’t issued a resource report.

2024 the underground vent shafts were completed and underground fans were installed . The temporary fans and ducts were removed from the Decline and Box cut.

The temporary Turkeys Nest ponds have been removed with the completion of the permanent infrastructure.

Waiting now for the sale process to be finalised and new owners of the 70%

Awaiting also the pumping recommencement.

New contracts between the new owners and underground sub contractors required.

Date of recommencement of the Decline?

This is a Ggp chat board not a political forum,

We have enough arguments with trolls?

To be considered for financing by NAIF, your project must meet the mandatory criteria outlined in our Investment Mandate. These criteria require that your project:

Involves the development or enhancement of infrastructure

Is of public benefit

Is located in, or provides significant benefit to, northern Australia

Has an Indigenous Engagement Strategy (with the exception of the Indian Ocean Territories)

Can repay or refinance NAIF's debt (for debt finance)

Can generate a return to the government (for equity investments)

Looks to me Telfer /Havieron fits all those criteria

Hi Ace

I’m not sure what you are referring to but you might be incorrect

A lot happening on the licensing.

c50% of Basel has been surrendered.

A small part of Panorama has been surrendered.

Antipa’s Pacman has large areas surrendered.

FMG licences applied for around Telfer 4 number are now dead.

A big licence next to Winu has been surrendered by Rio.

Antipa only own around 32% of it, they’ve reduced the cut offs and increased the tonnage.

Rio must be thinking of selling their percentage it’s a bit small for them.

That took some working out that those 2 new pads were in Skylar near Bootstrap.

Be interesting to see if they put a pad on Teague in the next licence.

The 10,000m drill plan will take the total to 13,500m only need 4,000m more to get over the jv requirement for 17,000m to obtain 75%.

I can’t see Rio continuing with it if their pulling away from the Paterson

Bootstrap here we come 🙂

Ummm that is a really good deal for Callum, don’t think Shaun would want that sort of deal.

Juno is a small project if the drills do not find viable mineralisation what next !

Ggp have Woodlands to the south east, no need of Juno.

You’ve invested in GBP not Callum Baxter.

Big punt with very high risk, with prospects elsewhere not very good.

Hi RELLIM

I don’t think you realise how many investors of Ggp are around the London area there’s far more than around Manchester.

There’s probably more where I live mainly due to me but especially due to Goldworm . It would be more apt to have it here.

Having organised and been involved in nearly every investor meet up, I can assure you not many would go to a meet in Manchester.

There was about 120 at the last Townhall it was the best attended meet up, the room was full.

Outside of London , Stroud has been the next best attended between 20-30. There were quite a few at Derby 18 I believe and the Stag had similar numbers near Guildford.

London is definitely the best place, I twisted Goldworms arm to come, he and his friend loved it.

Getting a chance to stand next to Rhino well who could want for more 🤣

Hi Spades

I’ve been to everyone so far and met a lot of nice folks. Catching the last train is not good but we’ve got the timings just right so far. Our train stops at Worcester though so getting home from there is a pain.

I would not have attempted a return trip to Manchester just wouldn’t work from here.

There’s too many folk who live the other side of London who couldn’t make it either or from the West Country.

London is the best place for it. The Cheshire Cheese meet up before hand is great.

I’m hoping to get there again this time but calendar getting congested.

Having the meeting in Manchester may be fine for you but you haven’t attended one before and all the ones that do attend regularly would not be able to there and back.

Make the effort and get to London like the rest of us do.

One poster caught a bus from Doncaster and back so if he could do it so can you Northerners.

The financial institutions he goes to see are based in London, no benefits for Shaun to go to the North.

Folks come from all over the place to see him, I’ve spoken to people from Northern Ireland, Scotland, Belgium, Netherlands and Germany.

Make the effort.

Scallywag hasn’t enough silver yet to concern Ggp you need millions of ounces to make a difference.

There are other solid state batteries coming on stream without precious metals the leader seems to be Ilika at the moment from Southampton.

Toyota are claiming that there new engine will make EVs tech obsolete, I don’t know about that claim.

One thing for sure EVs are too heavy at the moment to preserve infrastructure.

Hi Charta you’re only looking at the flavouring not the big tub it’s in 🤣

That’s the old evaporation ponds, the new ones are on the west of these and will be twice the size of these 3.

Hi Hopefully

Those google images are a year old, the top left of that image is the vent shaft.

The paste plant hasn’t been started yet, this will happen to the north of the dunes in the centre of the ore body.

Hi Barna

Teague on Triangle licence is a new one on me, anything to the SE of that looks deep under cover and similar would happen in that new licence so expect any anomaly to be in the NW.

The Wilki Lake licence is totally different, Callum suggested in one of his talks that Wilki Lake could be the source of Telfer. It looks very interesting.