Member Info for Dip666

Ace, serious Bro Code violation yesterday with me with this stuff - I've let it go despite having to endure Neighbours and Home and Away growing up from ure lot lol

We really need to see Shaun lay out the corporate strategy for sure SaS to understand everything so hope we get the chance soon, only so much you can infer from the market releases and admission doc so you make a good point.

I agree - many of us have plenty of questions in aiding us to understand the new strategy directly from Shaun vs our own interpretations of the documents and market releases, as informed as we might all be in our own area of specialisms.

It's a great deal to me as I stated in a long post yesterday summarising my current thoughts, he's captured a lot of growth in one swoop - so the result of course is also a great deal of initial pain too at once - it all had to be paid for but the sub $500m price was a great one too. As expected, it is technically accretive for sure but delivery of shareholder value for some in my circle probably comes with time and my sense is more mid term for them with their averages.

The overarching strategy seems clear-ish to me now but a few hours in TH environment getting a condensed overview followed by Q&A to pick away at pertinent areas is essential to understanding the potential timelines for retail shareholder value and all perceived benefits of the deal and also understanding why it was structured in this way.

I was more leaning towards a slight discount rather than 30% - but also on the other hand the price tag achieved is fantastic - so it balances out I think. The market tends to perceive value through what is paid for something, the critical task now in that regard for GGP and more so once deal closed to avoid scrutiny by NEM shareholders is communicate the potential to the market in GGP.

Focusing on areas such as revenue from telfer inc. stockpiles, West Dome Deeps potential, perhaps GDX inclusion and ASX Cross Listing, explain the rationale behind revised and pushed back Havieron timeline and markedly less risk of dilution to develop it with non-binding $750 debt agreement with HSBC, ING & ANZ as of course you always need to see a DFS to confirm you are 'fully funded' vs 'well funded' etc. albeit the company will now have revenue.

Understanding is from GGP IR team that a TH is being planned for w/c 23rd Sept at this point, so perhaps we see some new slides and some sense of the new corporate strategy being articulated briefly in the slides for the Denver Gold Forum.

It's a new Dawn, a new Era but eyes are yet bleary from the strain and stress to achieve this transformational deal and time required to nit pick through details to comprehend fully what the benefits and timelines for potential shareholder value are for each of us. A cool, calm approach with critical thinking at the fore seems the best way forward to waiting for Shaun to take us through everything.

12 months lock in, 12 additional months orderly market agreement with NEam and as others have noted Wyloo have dibs on half.

All the detail are in the docs and market releases CP.

There is a waiver that can be applied for in regards to the 20cents threshold Jungle babbler

Hi EOW - a lot of damn info in that huge admission doc that may alleviate many concerns I feel - but need to read, try to understand and absorb it all and also see what clarity comes from TH, just not had time yet .

A huge complex deal and strategy - hence my earlier post saying I feel many of my current perceptions may need updating but in a positive manner around Hav and Telfer under sole ownership.

My advice to all - read up on what areas you can understand and wait for TH to better understand everything you don't or as folk in community can unravel if you trust them :-))

@MM

Cross listing in ASX with Top Hat Oz company has been discussed before by Shaun in various webinars etc.

Notes and threads

https://www.ggpchat.co.uk/search.php?keywords=cross+listing

https://www.ggpchat.co.uk/search.php?keywords=tophat

Cross listing

https://www.ggpchat.co.uk/viewtopic.php?t=434

Page 77 - 3.8.2 Exploration potential – West Dome Deeps

In addition to the unclassified Exploration Targets described above, a key area of exploration potential has been identified at the West Dome deposit, referred to as in the West Dome Deeps (refer to Figure 9 above, and Figure 10 below).

The West Dome deposit has to date only been mined from the open pit, all underground mining at Telfer as been from the Main Dome deposit below the Main Dome open pit. The West Dome Deeps target occurs at a depth of approximately 1,200 metres below surface, located beneath the West Dome open pit, but is accessible by existing lateral development from the Main Dome underground.

The target was first discovered using deep, near-vertical exploration drilling below Stage 2 of the West Dome open pit in the 1990s which intersected a broad, low-grade target area. Follow-up exploration programs between 2010 and 2023 defined a higher grade zone of mineralisation, surrounded by a broad low-grade zone of vertical stockworks, analogous to geology observed in the Main Dome underground.

Newmont has constructed a 1.9km exploration drill drive from the Main Dome underground and commenced a drilling campaign on a nominal 40 m x 40 m drill hole spacing commenced in May 2024, and is intended to be continued by the Enlarged Group following Acquisition Completion and completed in 2025.

Following Acquisition Completion, the Company intends to prioritise completion of the underway drilling program at West Dome Deeps, and following that complete an assessment of potential development opportunities. Newcrest Mining previously prepared a directional study which contemplated development of a 1.5km haulage drive to the Main Dome underground, where ore could be crushed and transported to surface using the existing Main Dome underground crusher and shaft.

Part 3, 2.4 - page 61

2.4 Optimisation opportunities

The Company considers there to be significant opportunities to optimise the development of

Havieron following Acquisition Completion.

A key opportunity to be assessed by the Company is expansion of the Havieron mining rate by utilising a bulk ore handling solution. The Greatland Base Case is for a 2.8Mtpa mining throughput from Havieron, which is constrained by the planned single decline. With the existing Telfer infrastructure already in place and approximately 50% surplus processing capacity in the proposed single processing train, a materially increased Havieron mining rate has the potential to be highly value accretive.

The Greatland Feasibility Study for Havieron is targeted to be completed by the Company within 12 months after Acquisition Completion, and will incorporate optimisation opportunities to the extent these are identified and validated.

Similarly, supplementation of Havieron ore with additional ore sourced from Telfer and/or other regional deposits has the potential to be value accretive, given that under the Greatland Base Case Havieron currently carries all fixed costs. As a result of the Acquisition, the Enlarged Group will hold interests in an enlarged and significant exploration portfolio in the Paterson region, which includes interests in approximately 3,800 km2 of tenure within 60km of Telfer.

That's what the TH will be for - gain clarity on strategy SB.

Page 26 of AIM Admission doc

Suggests that optimisation opportunities for Havieron to be assessed by the Enlarged Group include the potential expansion of mining throughput rates by utilising a bulk ore handling solution.

Perhaps this kind of flcus entails more drilling from underground and time spent on mine design in DFS so any initial development on SLOS mine incorporates any changes required for future expansion of production IF viable - not my area of expertise mind you, whist they get on with running Telfer around some of the areas discussed by others such as Bamps to get more ore run through facility for now? Things such as this need explaining and may be very interesting.

4.3 Production from Havieron

The Greatland Base Case for Havieron, which is reviewed and reported on in the Competent

Person’s Report, is for:

The Greatland Feasibility Study for Havieron is targeted to be completed by the Company

within 12 months after Acquisition Completion. The Greatland Feasibility Study for Havieron will seek to refine the Greatland Base Case, incorporate optimisation opportunities to the extent these are identified and validated, and will include an executable project schedule and capital expense estimate.

As noted above, optimisation opportunities for Havieron to be assessed by the Enlarged Group include the potential expansion of mining throughput rates by utilising a bulk ore handling solution, and potential supplementation of Havieron ore with Telfer ore sources. Further information on Havieron is set out in Part 3 (Information on the Assets, Market and Jurisdiction) of this document, in particular at paragraph 2.4 of Part 3.

https://greatlandgold.com/investors/regulatory-news/aim-admission-document/

This deal needs to happen - want to try bullying NEM when we have agreed a deal - good luck with that...

Most of us I assume were hoping for a raise nearer SP if they weren't expecting a premium with so much money to secure against present MCap - but team have gone and secured both assets, all NEM interests in region and debt funding in principle towards Havieron development mostly, so a lot of pain in one go and we'll see how we get on in 2025 onwards with conclusion of transaction and an ASX cross listing.

Shareholder value may not be as rapid as we all hope or much like 2020 we might get crazy tailwinds for sector as a producer with Telfer and near-term Hav production and see some madness again. The TH will give opportunity for rationale of the funding structure, Havieron timeline and DFS expectations, Telfer mine life etc. etc. from Shaun and I doubt he'll lack answers for most areas. We may or may not like the answers of course as individuals :-)

There is as Shaun might say a lot to unpack, I've barely looked at the admission doc yet and a huge, complicated deal so much to try and understand as some areas around Telfer and Hav seem against my current perceptions - in a good way mostly.

Newmont have as my homie acechaser says been a spanner in works as I loved the JV piggy back albeit NCM were starting to try and shift us off their shoulders suddenly - but we are where we are and I believe need to forge ahead and make a success of this opportunity to be a mining company. Growth is painful and we'll still hit challenges and growing up takes time so my expectations reluctantly are for mid to long term shareholder value more probably at this juncture.

We now have a pathway to revenue from Telfer and mining at Havieron too in near future, it's a scary path perhaps but it's right there in front of us now as the mist has cleared. Do we want to swerve off this path and back into the unknown... not sure that's wise personally :-)

LOL ace - as Ninny said last night I'm not very magnanimous and don't listen to what anyone else says - you look lovely in floral mate ;-)

I don't consider perfect grammar or being articulate as signs of intelligence Mystic Freddo ... I've got plenty of other reasons I think you're a numpty though!

TBF I've misspelt it too a bunch of times lol

Try learning to spell first and he might bother replying Freddo lol

Let's see what rerate Telfer revenue gives us into 2025, cross listing on ASX etc. and then we will at some point in time have pre-production rerate from Hav DTM to First Pour, albeit now we have Telfer in mix harder to directly correlate the Pre Production Sweet Spot study findings in Lobo Tiggre's study to SP.

Longer investment than some or perhaps many of us planned perhaps but this is where we stand now.

Interested to understand telfer's potential as owners vs the old rhetoric of needing to replenish mill with Hav ore ASAP and also rationale behind Hav delay at the next TH in more detail from Shaun.

Freddie - you've got to treat this now as a new investment and day 1 from whatever average you have mate - and think of all the fun you can still have together with me, ace and SaS etc.

Shaun has his platform for growth so now is the time to start delivering once deal concluded - I iamgine you bought more shares as you believe there is some potential.

Thej old investment case got peed on by Newmont but this is the new one - this is painful as hell for many I know and shareholder value may take time for many LTH. Market takes no prisoners but at least the pathway to revenue and production at Hav is mostly determined now.

Lucky guess Mystic Freddo lol

If you're that clever give us the lottery numbers then ;-))

Good summation by Charles Archer IMO in article.

My thoughts were of late that any deal would be technically accretive but time may be required for some to see shareholder value and seems how things have turned out but certainly transformative for GGP.

So now over over to Shaun and co. to deliver from the platform for growth.

Https://miningaim.co.uk/charles-archer-blog/f/greatland-gold-dissecting-the-deal

Shush Ninny - you're showing your true colours you spiteful little creature...

Live now mate