Member Info for markjphennesseyg

Telfer WEst Australia Locality Tolling Hub

Greatland Wealth

All good

Won’t be attending in person but will put the question forward online if that option is available, usually is.

To my uneducated mind there does seem to be some good historical results from these tenements.

“gold nuggets were found in thin sand cover at Saddle Reefs.”

I wonder what’s been happening, if anything,with the Juri JV.

Have any of the satellite snoopers spotted anything going on?

Stage 1: Newcrest must spend A$3 million in relation to the Juri Tenements within 24 months of entering into the Juri Farm-In and Joint Venture Agreement to earn an additional 26% interest in the Juri Tenements (cumulative 51% interest); and

Stage 2: Newcrest must spend an additional A$17 million in relation to the Juri Tenements within 36 months of completing Stage 1 to earn an additional 24% interest in the Juri Tenements (cumulative 75% interest).

Following completion of Stage 1 on 20 August 2021, Newcrest exercised its right to increase its interest in the Juri Tenements to 51% (the remaining 49% to be held by Greatland) and elected to proceed to Stage 2 on 18 October 2021.  Newcrest was appointed as the Juri JV Manager with effect from 1 July 2023.

So by October 2024 Newcrest/Newmont must have spent an aggregate of A$20 million to move to 75% or I assume they just stop at 51% ownership, if they have not met that commitment?

I’m hoping that the average decline advancement rates achieved so far have a good chance of being improved for the last section of the decline.The average rates so far have been skewed by at least 2 main factors:

1.We have been told that the first section of the decline was the least favourable ground conditions and from then on would only improve.Obviously we are now well and truly through this section.

2.The decline has had to pass through the upper and middle aquifers. Again this impacts on progress and we have also been told that the lower aquifer is being dealt with in the same way as the previous ones. This could mean but I don’t know for sure that there may have also been down time in that period, as there is at present, waiting for the aquifers to be dealt with. This would have had a further negative impact on the average advancement rates so far.

So the final section is not going to be subject to these factors as they are all already dealt with.To use an analogy it’s a bit like working out an average speed for an athlete running a cross country course into a headwind and then expecting their speed to be the same when they tackle an indoor purpose built running track.Not saying that it’s a given that the rest will be easy but it seems to me that the final section is massively derisked and with less headwind.

Good luck all.

Must be really painful if you know someone who is dead stupid.😀

Nice to see gold price back over 2000USD after it’s very short trip down South.

I note from the latest presentation that it states

“Ventilation in place to support development to the base of Permian cover.”

Good news that the ventilation won’t be holding anything up.

Think it’s a case of horses for courses, no one size fits all. Not quite ready yet but one thing I like about ii is there are no drawdown fees on their SIPP.

Good luck all.

I heard a phrase I’d never seen before and I thought I bet I never use that.

“ALL MY EYE AND BETTY MARTIN”

Non of that bubbly stuff

Hennessy VSOP fine champagne cognac

I think higher.Looks like the last one was 25p.

Well I wouldn’t mind the royalties from the original.

And the best thing is some of the drilling at EG was Free.

There Shaun stood, in the town hall meet

Smiling from his head to his feet

He said hey, what is this

Now baby, we drilled Ernest Giles and didn’t miss

He said hey, that’s our endgame

Maybe we can drill Scallywag the same

Now don't you wait or hesitate

Let's move before they raise the drilling rate

All right now, baby it's all right now

All right now, baby it's all right now

A comment on the dewatering progress would be good for example. Shaun did say guidance on this would preferably be given by or hand in glove with the JV manager.

Anyway, on the Ernest Giles thread, Callum certainly did a good job of picking us some right belters.

It’s a fair point acechaser, not everything is about us shareholders. There are other interested parties.

I’m not expecting any major revelations, although that would be welcome, but at least an update on Telfer/Havieron from our JV partner giving a bit more detail than we have become accustomed to.

Whilst we don’t know how much information Newmont will give out on February 22nd regarding Telfer/Havieron, I think there’s no way they can just quickly gloss over it. After all it’s not just us who want to know, this will be for their existing and potential new investors. So we should get some idea of at least their short term intentions and progress which is more than we had from Newcrest in their final months. Any information can only be a good thing.

Yes cheers Liam and Shaun, a very solid interview there. No dramas, no hype, just moving forward,forward, forward on many fronts.

Be good to get a similar message from Newmont in February. Think that will really set the ship on a better course.

GLA

I know at 7.5pps people might have heard they’re giving them away.

So I suppose it’s a reasonable question. 😀