Member Info for Dip666

- Of course, there's access and a little bit you don't want to take the edges to and overly dilute but really
everything you find translates into economically mining material because it's high grade and sitting next to
infrastructure and for as long as that 86% continues it just talks to the quality of this ore body.
- And when I say it's world class it's multifactorial why it’s world class around size, potential ongoing growth
that that conversion factor or conversion rate, it points you to the quality of this ore body.
* That's, that is just mind blowing. I genuinely am just mind blown by how this is shaping up. Shaun, I
think it's probably best to leave it now, I've had you on for some time and I appreciate you've got
other things going on and I always like to ask my guests if they have any final words or statements or if
there's anything else they would like to say......is there anything else you'd like to say to the
Greatland shareholders at all?
- Look, we really value the ongoing support.
- I think a fairly consistent theme when I talk to the shareholder base is I've described this as a transition
period where we're taking the company from a junior explorer.
- We've put in place a team that is more capable across all the domains of mining, engineering, processing,
resource, and include geology and finance and legal.
- I think we have a more complete team and a more complete understanding of our ore body and also a
team that can put in place a funding.
- And, that's really what I want to celebrate with our shareholders is getting through this transitions phase,
dealing with the 5%, being fully funded.
- And then I think we have the platform to, just to focus on growth again, we've got, we get these kinds of
significant issues that need to be addressed into the rear-view mirror and then we really just start to
celebrate the growth in the ore body and what that delivers.
- And we're going to couple that with an ongoing regional exploration program.
- We're about to start drilling this month, we start with some more shallow RC targets and then we get into
diamond drilling in a couple of months after that and some pre-collars just from an economic point of view
to accelerate all of that.
- But look, there's lots going on - no one's dying of boredom here and we're pretty excited about what the
second half of this calendar year brings our shareholders.
* Shaun Day, Managing Director of Greatland Gold. Thank you so much for joining me today. I really
appreciate your time.
- Liam. It's a pleasure as always and nice to connect again. Thanks now.

***END***

- So, look it could be a little bit over, a little bit above. My sense is, you know, that will come up and that
could be as much as a 50% increase in mining rates which is, you know, that in itself is tremendous growth.
- Our decline continues to advance very positively. And remember the Permian zone we're mining through is
not homogeneous. As you get deeper through it, it’s had more time, more pressure. It's a more solid mass
and that allows longer cuts and more efficient mining methodology.
- So, I think that's very exciting. And you know, we expect and hope to see and plan to see mining rates.
- So, coupled with the evolution of the mining methods at site where we start with the sublevel open stope,
but then we have the opportunity to bring in these bulk mines.
- And when you hear Sandeep speak, he talks about ultimately having one mine and two mining
methodologies. This sublevel open stoping down this high-grade SE Crescent. But then opening up the
broader Havieron with these with potentially block caving or at least bulk mining methodologies. And you
know that is tremendous growth to have sitting inside our known ore zonation.
* It's just fabulous. Recently you announced the 23rd results for Greatland and the joint venture with
Newcrest. What's your biggest takeaway from these results please?
- Yeah, we talked about the SE Crescent just now and that for me was the takeaway of this, we've punched a
hole below that which shows another hundred meters of vertical extent where we're still getting that typical
and consistent high grade SE Crescent intercept.
- And that takes us to a thousand vertical meters and still going.
- Again, we are, you know, we are blessed by this ore body.
- It is a world class ore body and has the capability of being one of the largest gold mines in Australia and we
should celebrate that.
* I'm just looking at page nine of your recent presentation deck to see that growing from the stage one
PFS and then the updated resource and then just trying to envisage how that's going. That is just a
phenomenal, as you keep relating to it, a beautiful ore body, which is, is just amazing.
- It is. And I think this is an audio file. But for those that haven't seen Slide nine I'd recommend you to go to
the site and take a look at the presentation there. (Click Here or see link at beginning of this document).
- But there's two things on that slide. It's a bit of a before and after shot. What the ore body looked like at the
time of the PFS and what it looks like today after our March update and remember it continues to grow but
the amazing number in that page, the number which is the best I've seen in my career is that conversion
rate.
- 86% of the resource converted into a reserve, that's basically telling you on that SE Crescent that once you
put all of it.... fits into mining shapes.

CONTD....

* Thank you for clarifying that. Yeah, I didn't want to try to mislead anybody there. So how then,
because obviously there's a lot of Capex needed to get that far, the transition to growth - how do
Greatland grow from here?
- Well, let me answer that in in two parts. Firstly, just because in the preface, you talked about a lot of Capex,
one of the brilliant elements of this and indeed of the joint venture with Newcrest is that Newcrest is effectively developing this as a mid-cap would, which is tailor made for Greatland’s balance sheet.
- What are we doing? We're driving in and developing the SE Crescent hitting that high grade ore, we're
going to then take that through and process it and then have ounces of gold and tonnes of copper to sell
and that will generate cash flow and then we can reinvest that into the mine to continue to grow that,
continue to advance the decline to all the way to the bottom of the SE Crescent.
- But that also opens up additional access to these additional mining areas. It opens them up in terms of
infrastructure so that when we do want to open them up for mining, we're sitting right next to them but also
opens them up for drilling.
- Once you can put in an underground drill rig sitting right next to the Eastern Breccia or halfway down the
decline to drill out that Northern Breccia, it's a shorter drilling length and that is obviously cheaper, but
equally it shortens the cycle time for information. (Reporting cycle between results).
- So, you have these beautiful, you know, positive kind of feedback where drilling is cheaper and quicker and
you understand those elements of the ore body quicker. And because you have infrastructure already near
those elements, the potential to bring them on as mining zones is also improved both economically and
from a time perspective.
- If I answer your question in the second part, which was talking about you know, how do we see the
expansion?
- Well, we've got the ongoing growth drilling to the end of June, I think we're looking to still complete, you
know, 40,000 meters of growth drilling in the second half of the year. But beyond that in FY23, we have a
very substantial growth drilling program planned again, so that's incredibly exciting.
- We have the feasibility study coming in and again, although that pre-feasibility study was centred around 2
million tonnes per annum of ore, we did flag that the feasibility study would be looking to take that up to
around 3 million tonnes per annum. Now I think 3 million tonnes per annum is about as much as a single
decline access can do.

CONTD....

* That's great. Thank you for that update. Looking ahead for Greatland Gold, the project is ever
evolving. What's the ideal timeline for you now as this expands and grows?
- Well, in terms of the expansion, I think you're expecting to see ore in in the second half of FY23 (The
Australian financial year starts on 1 July and ends the next year on 30 June) so effectively early calendar 2024,
I might say. And so that's becoming, you know, very close, which is exciting.
- And that's just the SE Crescent, and I think this is still something that shareholders should be excited
about, I think we increasingly have a very good understanding of the SE Crescent which continues to grow.
- But there are also the bulk mine opportunities and when I look at this mine, I actually see two block caves
potentially forming, you know, one centred around that new Eastern Breccia and then potentially a second
around the Northern Breccia.
- So, there are potentially three mining areas within this one mine, it’s a beast of an ore body and the
continued growth of it as we continue to drill it is terribly exciting.
* That's absolutely crazy for you to suggest that there's the potential for three block caving
opportunities........
- Well two block caving plus the SE Crescent, which is sublevel open stoping (SLOS).
- So, a more selective mining methodology where you're doing paste fill to try to minimise dilution and take
as much of that high grade material as you can.

CONTD....

***START***
* And welcome back to part two. I'm here with Shaun Day, managing director of Greatland Gold and
Shaun, thank you for coming back for this second part. I wanted to touch on the 5%. It's been the topic
of conversation for us now for the best part of six months. The shareholders are really excited to see
how this unfolds. I just wondered if you could comment on the 5% and how it's progressing, please?
- Yeah, look, thanks Liam and chatted around this off-air, just that we're somewhat restricted around the
confidentiality agreement so I am a little bit more restricted in my comments than I'd otherwise choose to
- But I think what we can say is, yes, since this has been initiated, we're closer to the end than the beginning
of the process, which is really encouraging.
- You know, we've put a lot of time, energy and effort into preparing for this. And shareholders should have a
lot of confidence around the degree of preparation that's gone in. And this is all around the price discovery.
- And that price discovery is structured around the content of the joint venture agreement.
- You know, there is a starting point there with the with the pre-feasibility study, but albeit I think we believe
there's a lot of additional growth at Havieron that can still be captured.
- And one of the examples I'll give here is, we came out with an updated resource and reserve and we came
out with that unilaterally, you know, for a number of reasons.
- Chief amongst that was we were undertaking a funding process, but that was still absolutely critical to
understanding the value at that point in time of Havieron. And of course, with the passage of time, the value
of Havieron continues to grow and increase.
- And to some extent, it's a shame that the feasibility study won't be out by the time this is determined,
because I think that will be another positive mark to showing the growth of the asset. But it continues to
grow. But this is a snapshot in time and we have thoroughly prepared around that.

CONTD.....

Notes from the much anticipated Part 2 interview with our very own Liam and GGP Managing Director Shaun Day........move aside Top Gun Maverick, this is the sequel to top them all :-)

Download Link:
https://www.mediafire.com/file/suo02n6j4pptbdx/Notes_from_GGPHelp_Interview_with_Liam_-_Part_2_-_09_June_2022.pdf/file

PART 2 -: https://www.youtube.com/watch?v=TSER3ftyTcw

PART 1 -: https://www.youtube.com/watch?v=Ja7ERAlsxQg

PRESENTATION: https://greatlandgold.com/wp-content/uploads/2022/05/GGP-Investor-Presentation-May-22-vF.pdf

Liam is the one to thank TomE!

Guys remember to like the two interviews, subscribe to his new channel and leave a comment as the more interaction, the more likely Shaun is to do another interview :-)

https://www.youtube.com/watch?v=TSER3ftyTcw

No, just discussing results on a live stream mate :-)

Bottle's running a live stream right now :-)

https://www.youtube.com/watch?v=hM8bl_pFhIc

@Bamps, I'm sure Paddy has vouched for our friend, but also vouch in that he isn't one to post assumptions from my own interactions with him :-))

I hope both of you don't let this board get to you, it is the silent majority who tend to appreciate and read who gain most from the knowledge and work shared by guys like you on these boards, not nessecarilly the most prolific posters!

Sry not a job posting - rushing to get something done :-))

Thx to Hydro for sourcing and posting in TG , it appears that work to prep Telfer for Havieron is very much ongoing :-))

https://www.industry.gov.au/sites/default/files/aip/havieron_project_draft_aipp_summary.pdf

Project details:-

Name: Havieron Project
Location: Telfer, WA
Type: Mine or quarry

Purpose: Upgrade existing facility
Capital expenditure: $ 529,000,000

Description:
The Havieron Project (the Project) is located 45km east of Newcrest’s existing Telfer operation (Paterson Province) and is the target of a Newcrest operated farm-in joint venture with Greatland Gold. The Feasibility Study is expected to be completed in the December 2022 quarter.

Newcrest has adopted a staged approach to the evaluation and development of Havieron aiming to deliver early production and cash flows from the project while work continues to define potential resource additions and assess growth targets. A number of initial early procurement packages for project management support services, early works scopes, long lead equipment items have been identified that may advance to market engagement tendering during the Feasibility Study period.

Completion date: TBA

p.s. This board is disintegrating daily, perhaps some of the more angry posters could please get a grip before it becomes completely unreadable, any relevant posts are being buried under some really silly stuff :-(

@Wents - D2 could be interesting if we get good results on those 78m assays, even if it's indication of potential mineralisation and Capstone also changed focus from Greenfield to Brownfield opportunities, they're not a major who are fixed and still very agile and likely to change corporate direction very swiftly , so I found it believable.
How often do you get bonanza grades on the first drilling phase any how, TBH even if the results and been more encouraging they may still have stuck to their new focus, exploration is expensive, time consuming and success is rare hence the way the industry seems to be structured.

ALSO JUST FOR UFO -
*even with base metals if we do have a severe recession are you still bullish on base metals just based on you know
supply shortage ?
- yeah i think base metals has it has a little different cycle than the precious metals if you also look at bhp or rio tinto they do real well the stocks have done real well they're not bottoming out like the precious battle space but uh you touched on another important points with which is the shortage of metals and we always said one day after 2020 especially after 25
the shortages in raw materials and commodities will be a major news topic and nobody could believe that in 2016 or 17 or 18. but now we're here and shortages is all over the media and not only in the metals but also in the softer commodities and food
- and you have the energy crisis food prices now and the study in our studies we we did on the fundamental supply and Demand topics all point to more serious shortages especially after 2025
- so it's bad now, but wait till we reach 2025 because there's almost no commodity which which doesn't show a production deficit after 2025. a prediction deficit is one thing but if you got real physical shortages that's another thing and that i think we'll see that in the next few years

#NotInvestingAdvice #DYOR

- it's a great market for professionals like us and it's difficult to play that, so your Elliott wave analysis which previous times i talked to you, you always use Elliott wave is that coinciding with this relationship between how low the tsxv is in relationship to the commodity complex, Elliott wave has greatly helped us to to actually to point where you are in the cycle so all these major cycles they have the same structure because the larger investment audience always well acts like a herd so they all start buying and selling around the same time and with Elliott wave it's quite easy to to learn where you are in the cycle
- we had this huge run in 2020 but it was only a run i think, five six months so that was the move one higher and then you had the correction which we're in since the end of 2020 and this will bring a bottoming pattern which is the two and where we are there now
- actually i think we're just starting to move out of that bottoming pattern or we'll break out very soon and then you're witnessing the start of the move three which is often the strongest and largest and longest move upwards, so we expect a move up like we've seen in 2020 which brought returns of over 100% in over a very short time frame, so we expect a jump of over 100% but that this jump will take much longer so that there could be a rally which would last or could last for years and bring precious metal stocks up 200-250%
- it can be compared to a jump we've seen in 2010 2011 after the Lehman crash, 2009 2009-2010 that was was actually a move five that's the last move in this long cycle and that was a gain for our fund of over 300% in in just two years so i think it's an amazing situation
- it's one of the best, it's almost once in a lifetime opportunity to enter this space and that's why we see a lot of inflow as well

#NotInvestingAdvice #DYOR

Posted by PaddyG over on GGP but very applicable to us here too :-)

https://www.youtube.com/watch?v=3ObZh12SyP0

Some quick excerpts:
- we have large positions in some amazing discoveries in Australia
- Australia is really the continent where more and more discoveries are being made
- i think Australia is underexplored compared to canada, it's very hard to find new discoveries in Canada really grassroots new discoveries or people or in canadian listed companies so we're very successful in australia
- it took us a lot of time and energy to research Australia , it's totally different market and don't forget you have 3-400 exploration companies listed there as well and there's much higher regulation
- the only problem there is that the outstanding shares are often in the billions so you end up with share price of one or two cents but percentage-wise of course the gains can be incredible there as well
- so for retail investors, the best thing to do for a new retail investor to the sector, to find the macro tailwinds that are going to be the strongest in the near term and to buy the most quality juniors that are going to profit from those macro tailwinds

- main focus is new discoveries but our second focus is the re-rating in starting producers so we always have this list available
- will update this list of companies which will start production within the next 12 to 24 months but you need to follow them very closely and wait for a breakout in the share price because they have been often trending lower for years and then wait for the breakouts
- preferably six to 12 months before commercial production starts and then you should really watch the chart and the results so any early sign that the start of production is not going well you should sell them right away because they can end up going bankrupt as we have seen with a few of them or go down 98% but the ones who who start production and become profitable, they will often gain 100 200 300 percent and we've seen a few great examples of that even in the last few years

CONTD..

- actually i think we're just starting to move out of that bottoming pattern or we'll break out very soon and then you're witnessing the start of the move three which is often the strongest and largest and longest move upwards, so we expect a move up like we've seen in 2020 which brought returns of over 100% in over a very short time frame, so we expect a jump of over 100% but that this jump will take much longer so that there could be a rally which would last or could last for years and bring precious metal stocks up 200-250%
- it can be compared to a jump we've seen in 2010 2011 after the Lehman crash, 2009 2009-2010 that was was actually a move five that's the last move in this long cycle and that was a gain for our fund of over 300% in in just two years so i think it's an amazing situation
- it's one of the best, it's almost once in a lifetime opportunity to enter this space and that's why we see a lot of inflow as well

#NotInvestingAdvice #DYOR

Some quick excerpts:
- we have large positions in some amazing discoveries in Australia
- Australia is really the continent where more and more discoveries are being made
- i think Australia is underexplored compared to canada, it's very hard to find new discoveries in Canada really grassroots new discoveries or people or in canadian listed companies so we're very successful in australia
- it took us a lot of time and energy to research Australia , it's totally different market and don't forget you have 3-400 exploration companies listed there as well and there's much higher regulation
- the only problem there is that the outstanding shares are often in the billions so you end up with share price of one or two cents but percentage-wise of course the gains can be incredible there as well
- so for retail investors, the best thing to do for a new retail investor to the sector, to find the macro tailwinds that are going to be the strongest in the near term and to buy the most quality juniors that are going to profit from those macro tailwinds

- main focus is new discoveries but our second focus is the re-rating in starting producers so we always have this list available
- will update this list of companies which will start production within the next 12 to 24 months but you need to follow them very closely and wait for a breakout in the share price because they have been often trending lower for years and then wait for the breakouts
- preferably six to 12 months before commercial production starts and then you should really watch the chart and the results so any early sign that the start of production is not going well you should sell them right away because they can end up going bankrupt as we have seen with a few of them or go down 98% but the ones who who start production and become profitable, they will often gain 100 200 300 percent and we've seen a few great examples of that even in the last few years
- it's a great market for professionals like us and it's difficult to play that, so your Elliott wave analysis which previous times i talked to you, you always use Elliott wave is that coinciding with this relationship between how low the tsxv is in relationship to the commodity complex, Elliott wave has greatly helped us to to actually to point where you are in the cycle so all these major cycles they have the same structure because the larger investment audience always well acts like a herd so they all start buying and selling around the same time and with Elliott wave it's quite easy to to learn where you are in the cycle
- we had this huge run in 2020 but it was only a run i think, five six months so that was the move one higher and then you had the correction which we're in since the end of 2020 and this will bring a bottoming pattern which is the two and where we are there now

CONTD...

Thx Frayan - link to tweet
https://twitter.com/evertonrob1/status/1533833187582943233?s=28&t=66ZxV6gwUFflFQKK6s8wBA

And from Jordan on TG too
Another week. Headcount increasing - more new jobs advertised......
https://twitter.com/jordan243431/status/1533786779555340294?s=21&t=6trAdMz4-V3SLMIFhpyhZQ