Sandeep Presentation25 Feb 2020 09:27
Compliments of BigEvi
Some points from the presentation:
The relevant parts and direct quotes outlined below from Newcrest CEO (Sandeep Biswas) 25min presentation at the BMO metals & mining conference this morning.
Telfer asset (7.56 – 8:52):
large gold producer in what has now become a highly prospective region;
has operated for a number of decades now and its current feed grades have become quite low, making it an expensive operation;
real value of Telfer is its established infrastructure in an otherwise very remote area - Telfer’s camp, process plant, gas pipeline, power station, airport places it in prime position to participate in new discoveries in the region, one such example is the Havieron deposit which Newcrest is on track to own 70% of through a farm-in agreement
Havieron exploration (17:31 : 18:57):
very excited about the results seen at the Havieron project, located 45km east of Telfer, in WA;
drill results are frankly are nothing like we have ever seen in the region and most likely going to lead to this deposit to being developed as a top priority with the ore being processed at Telfer;
positive results seen have encouraged us to increase FY20 expenditure guidance by $25M;
drill another 25km -30km in H2 to support potential delivery of a resource by end of this calendar year;
drilling will inform studies currently underway designed to identify the optimal path forward for the potential future mine;
we are looking at initially possibility of high grade, long hole, open-stoping operation, with further potential beyond that of developing a bulk underground mine at a later date, which could either be a sub level cave or maybe either block cave;
study is also investigating how to get the material to Telfer;
we are looking to start this decline this calendar year
Q&A (23:34 – 23:49):
Most exciting place in Australia now is this new kind of deposit in the Paterson at Havieron turned everyone’s thinking on its head in the region, there is a real land rush and exploration rush going on at the moment