Member Info for kieffy

Thanks Paddy great work, with all the down hole information Newcrest have and 3D solid works they now have a clear picture of what's there and are expanding as the picture unfolds.

Newcrest interest in Havieron and why they spending, the read below gives a good insight.

https://www.mining-journal.com/research/news/1337480/gold-discovery-rates-continue-to-slide

This timeline implies that the reduced discovery rates of the last decade will limit the pool of projects that could come online in 15 to 20 years," he said.

"Unless discovery rates begin an upswing in the near future, there could be a lack of quality assets available for development in the longer term.

"The declining discovery rate shows the importance of continuing exploration and funding companies responsible for exploration to maintain a healthy future pipeline of assets available for development

Hi Timid,
I am sat on my hands until it cooks

Waiting for these results,

Drilling programmes at Havieron are ongoing with an additional 18 holes (HAD022, HAD026, HAD029, HAD031-HAD045) at various stages of progress and further assay results are awaited.

https://thewest.com.au/business/energy/chevron-to-supply-newcrests-telfer-mine-with-gas-ng-b881410700z

https://www.energyexch.com/news/968970-chevron-to-supply-newcrests-telfer-mine-with-gas



Chevron has signed a 3.5-year gas supply deal with Newcrest Mining to supply its Telfer gold operations in the East Pilbara. The 16-petajoule agreement will involve gas from the US giant’s interests in the Wheatstone, Gorgon and North West Shelf facilities on the Pilbara coast. Chevron Australia managing director Al Williams said the company was proud to deliver new natural gas supply to WA industries, businesses and households. “As a reliable and cost-effective way to generate electricity, natural gas is a vital energy source for current and future energy needs, powering local jobs, industry and communities,”

IF There's 20m + in Havieron, Newcrest will be getting nervous about this information getting out, for me it's time for the to make a move.

Just buy until you filled your boots it a Xmas or new years gift.

Tier 1 20m oz +
WOW

Along with the gold there's 4/5% copper which is equal to .8grm gold, this is very rich.

[PDF]
Newcrest 2019 Annual Report - Newcrest Mining

https://www.newcrest.com.au › sites › default › files › Newcrest_2019_Annu...

12 Nov 2019 - We are early adopters of high-resolution core logging technologies that provide consistent, reliable geological data, in near real-time, at the drill.

Greatland too, is likely to benefit. It’s expected that a resource will be established at Havieron within nine-to-12 months. How big will it be? No-one knows. But say it’s three million ounces, which would be a standard sort of target for Newcrest, then Greatland would be in for 30% of that, or 900,000 ounces, and whatever discount you apply for metal in the ground, in dollar terms that still works out at a substantial sum, particular given the premium valuation paid by the market for Australian-based assets.

Jonathan Guy, Director of Metals & Mining at Numis, recently noted in an interview given at the Denver Gold show, that Australian companies are tending currently to trade at two-to-two and a half times net asset value, which is a significant premium to their global peers.

But just why is Newcrest going at such a speed at Havieron. Could it be that it thinks the resource could be bigger than that? If so, the value-add to Greatland will be significant too.

Greatland meanwhile, it won’t surprise anyone to learn, hasn’t had that much difficulty raising money on its own terms. It’s got a sizeable exploration portfolio both in the neighbourhood of Havieron and elsewhere.

Of particular interest have been recent results from Scallywag and Paterson Range East.

https://www.proactiveinvestors.com.au/companies/news/907636/what-does-newcrests-ongoing-emphasis-on-exploration-at-havieron-mean-for-greatland-gold-907636.html

This project was originally prospected up by Greatland Gold PLC (LON:GGP), and when it hit intercepts of the kind that you only see once or twice in a year, Newcrest was quick to pounce. The combination of Newcrest’s endorsement and the results themselves boosted Greatland’s market capitalisation almost fourfold, catapulting it into radars of investors who had hitherto been writing it off as a tiddler.

Somewhat perversely, the shares have drifted a bit since the deal with Newcrest was signed back in March 2019, but it’s fair to say that that’s more down to the fickleness of the junior mining market in London than to any lingering doubts about the true potential of Haveiron.

After all, since the deal was signed, there have been three subsequent sets of excellent drill results, as Newcrest has hit the ground running, including 45 metres at 7.1 grams per tonne gold and 96.4 metres at 4.5 grams. Both holes come with additional copper, and although they’re deep, they’re not that deep, and certainly well within the competency of a company like Newcrest to get down into and mine.

So what do these results mean? The first point to note is that the strong results, with high grades over extremely lengthy widths, are now coming with a significant degree of consistency. It’s not clear yet what sort of size Havieron is eventually going to ring in at when the resource numbers are finally established, but it’s already obvious that this will be a project of significant scale.

Which is of course why Newcrest is interested.

But Newcrest isn’t just interested, it’s really interested. This isn’t just a tasty looking target that’s been gobbled up by a major for the rainy day when resource depletion begins to look like a serious concern and the drill rigs need to be sent out.

No, almost as soon as the ink had dried on the joint venture deal Newcrest had people down on the ground and working. The company currently has six rigs on the go and, as was emphasised at the AGM, exploration work at Havieron is a major priority.

Could it be that Newcrest is already envisaging its next big mine development, before it’s even established the limits of the mineralisation?

Such an outcome wouldn’t be too surprising. After all, the Paterson Range is extremely hot for exploration at the moment, and not just because of Greatland’s success at Havieron. Major and mid-tier company’s have locked up all the ground for hundreds of miles around, including amongst their number Newcrest, which is already successfully operating the Telfer mine less than 100 kilometres away.

What that means is that this is territory that Newcrest is comfortable working in, and that it’s working up ground that is already repaying its investment.

Greatland too, is likely to benefit. It’s expected that a resource will be establ

Anyone have doubts about where this is going have a look a Solgold'S camp.

Well done paddy, Newcrest are very tight lipped here, are there concerns for a major takeover ?

This bent market tried selling 500000 they what a negotiated deal bearing mind someone sold 10k worth at 1.59p they take 300000 off for 1.57p!!.

Havieron is eventually going to ring in at when the resource numbers are finally established, but it’s already obvious that this will be a project of significant scale.

Newcrest have not been slow in its first drilling campaign yet there plenty of information on this board to suggest they are increasing the step out much further than some may have thought possible, with the down hole information they not doing it lightly.
Paddy as produce some great information.
Havieron will become a mine it's a matter of time a resource estimate it may not be to far off.
The rest of GGP exploration going well, the sp will catch.

I have been tracking this share for 5 years the rise back to 2p+ was newcrest, since then newcrest have charged ahead with drilling Haviron they have not slowed down they have history here.
Something going on.

Question, Why is this share been held back there's got to be a big play going on here!!.