Interims28 Feb 2020 10:51
Good to see Newcrest firming up the territory around Havieron, they know the region is hot and the Paterson is likely to continue to deliver. The long time frame in the Antipa agreement makes me think they are keeping their options open: bring Hav online and into production over the next couple of years with an established resource while simultaneously carrying out relatively relaxed exploration in other tenements to continue to add to reserves for Telfer in the long term. I'm sure they will be doing this on the notion that after the many years that Telfer has been receiving ore from Hav, they won't be in the stressed position they had initially found themselves in with a near exhausted resource and the prospect of winding down Telfer operations, once Hav itself eventually finds itself running low (however far into the future that may be!)
MH