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Think most we’re waiting for an RNS to say the drill programme had started as the unknown leading up to it was how long the access improvements and and drill pad planning was going to take. So is welcome that this ‘end of’ drill programme was dropped as they could quite easily has waited for the assays before updating.

Come on you assays 👊

And as if to prove my point …..😊

The half year report is just an ‘overview’ of operations throughout the reporting period up to the end of June. Not sure what is expected for it to be divulging beyond that, or anything else which would not be released in a seperate RNS when ready

It will not contain anything else other than what it is meant to.

Hi News, regarding part of your post I lifted below, just to offer a little more clarity on how any future deal would be similarly structured.

“GGP NEVER DRILL AGAIN as it only had 30% share of Havieron and therefore NEWCREST being the 70% interest became the OPERATOR. 101=Operator does all the drilling /decisions” - News

On the JV with Newcrest, Greatland were still committed to fund their 30% part of ongoing exploration/resource development of the JV in the form of a loan by Newcrest to the tune of USD 42.6m which Greatland had to pay back when it re-aquirered the 70% of Havieron.

Is certainly true that as a minority partner the decisions are taken away but wouldn’t like what is stated to be misunderstood that a minority partner will get a free ride, although I know that is not in any way what you were implying btw was just for clarity and out of interest for other members

Guy

Hi officemanager, I am invested! Albeit a smallish amount I am being as honest as I can be, I know what I’m talking about! It was not a negative post. This may well turn out to be the most credible exploration story for decades!

An overly saturated PR drive with pointless RNS’s that have no ‘material’ news to report, ie lab results, can only mean one thing on the horizon regardless of wether they believe there are grades in the cores. It’s almost impossible to determine or distinguish between any grade continuity without assaying.

Look, this may later return results of significance with a true discovery hole, if these first recon holes can find an ore body to return some meaningful data, so the resource modellers at WSBN can get to work to plot a more targeted drill campaign when it could get really serious and exciting.

Just drilling into weak mineralisation with the first reconnaissance hole will be very good going in itself, but no the less essential for analysis of the DD core samples, particularly if they can show any veining, brecciation, dissemination etc which gives their precise location in the ground. So can be much more helpful to a geologist and modellers for mapping.

It still could easily be something or nothing at this stage, but important to remember that even if the first recon holes do not find and confirm mineralisation from assays and believe me! they will not be drilling into the heart of the magnetic susceptibility signature to find it, it’s not that simple!

If you can stomach the volatility, sleepless nights, anxiety and accept the necessary dilution just to pay for administration and company operating costs let alone the £5-10m capital required for a resource drilling campaign that will likely follow on. I ‘envy’ you!

PR saturation means one thing and one thing only in this capital market on AIM. So don’t go in overweighted until you know for sure and understand what it is you are buying into.

Good luck

“About 1 in 10 visitors seem to be voting I would post a picture of the voting but not a feature of LSE”.

Hi Rotherby, you can always use ‘Google Drive’ to upload photos, spreadsheets etc and share the link on LSE. Have done this before.

Fair one Jackbal, was just putting it there. TBH the cash position at end of FY doesn’t really give any strong indication one way or the other on spend throughout the past financial year. But at 2m+ in bank they have clearly been taking a measured approach, which is a strong enough indication that any additional working capital will not be needed to be raised which has been mentioned again with plenty of cash flow to cover administration and company operating cost for the year too.

E1- “From a distance, it looks as if they didn’t fully understand what they were getting into.”

I would have to agree, seems incredible stupidity, by the very nature of block caving that would still create ground subsidence above to essentially create a lake form at surface or major fracturing of the surrounding rock mass to allow water ingresss through hydraulic effect at depth under pressure.

This short vid is cool, mining porn !

https://youtu.be/MWqMD85MVO4?feature=shared

Hi CP yes agree for sure but was more to dispel the notion that they would simply be able to cover development and engineering costs for Hav from free cash flow and not use the debt facility at all, assumed by many which was not realistic for a number of reasons.

One thing that immediately jumped out of the audited report;

“Greatland intends to finalise debt financing arrangements for the development of Havieron following completion of the Havieron Feasibility Study which is

targeted in the December 2025 quarter.”

First real indication of any intent to draw down on the debt facility in part or full since the admission document.

After tax profits of 337.3m from first 7 months 🤔

I knew what you meant dip, it’s the others 😉

Coincidence Hopefullygold you mention the dewatering. I was just looking into the water resource allocation toward the hub and spoke ESG.

The water supply to Telfer is from regional groundwater systems that involves total abstractions to site being significantly smaller than the permitted amount of 29.7Gl per annum. (I believe this to be still correct)

The lack of other potential users of this resource makes socio-political concerns about resource allocation highly improbable.

29.7 gigaliters (Gl) is equivalent to 29,700,000,000 liters. Or 7.86 billion gallons.

Restrictions are imposed to ensure that groundwater resources are not over-exploited, which can lead to long-term sustainability of water supplies. But Telfer running at capacity will not likely ‘ever’ see water shortages that will restrict the plant from operating within its parameters.

Along with the acquisition, Greatland have had to produce the base case mining study during that interim period, with many inputs taken from the Feasibility study. So the DFS was naturally delayed, but when it is released it will be optimised and look to improve on the base case.

With seeing Havieron development timeframe already being pushed back, if they did not feel the DFS could be delivered on time they would not be sticking to the current timeframe guidance.

I have more confidence now, it will be delivered in Q4

Hey there Dip, I dont believe there is any requirement in the listing rules for release of an RNS with the upcoming date of the DFS.

It’s only material if the actual ‘timing’ of the release is in any way expected to have a material effect on the price, so a ‘proposed’ release date for a DFS is not automatically material.

100% would welcome a combined webinar to showcase new presentation alongside the new study though, don’t get me wrong. But again, GGP have had a unique evolution to where they are today, so any PR model that has worked for any other company previously, may not be required to work in the same way on how it is targeted, for GGP.

Respect Guy

Could may well have been stalling Jackbal you Hav a point, the more obvious other option is that since he made those ‘progressive’ statements regarding Zambia, due to the worsening economic and geopolitical climate the world has seen since then, the company have been preserving capital spend to the minimum toward commitments only and no more. This gives an operational buffer and act as a contingency if it gets even worse, which it may still do.

But the commodity market can act as a precursor by providing useful early signals for the economic outlook. Particularly in the industrial metals and energy sectors which are starting to show more positive signals now so we may start to see more commitment toward exploration activities in that respect.

Good question that, I would tend to agree with TT although my only reservation is that, as Havieron already has a funding solution to develop the ore body up to commercial production, and the backing of a major banking syndicate, it may not be considered a necessity as part of any obvious. ongoing PR drive to attract major stakeholders.

I do agree E1 is a far better situation to have than not in terms of the current processing capabilities already in place with essentially just having to create an additional circuit.

One can only imagine the head aches this would cause a standalone development if there were more ‘fluent’ multi mineralisation patterns throughout the resource.

The spread is widened by mm’s to make more profit on what little volume there is that they have maybe created in the first place by moving the spread previosly to ‘create’ a market.

Is very doubtful the spread is determined by a human anyway at our levels of volume. So I think if we need a higher price we have to earn it through quality news flow.

Finding multi minerals is not to be immediately jumped on as a good thing, it can go the other way. There are a number of factors that could see those as penalty elements and not just wether they will be economic to extract or not.

Could see a quality based penalty imposed de to grade dilution, if not there may become a processing interference penalty, as Multi-type components cause extra handling, reagent consumption, or longer processing time, effectively penalizing by increased cost or lower throughput rather than directly reducing target mineral yield, being primarily the gold.

These the just the relatively more easily understood factors as balance for discussion.