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degsie et al

The NPV for Sonora is $1.25 billion and the attributable will be 12% for the plant feed via KDNC*s Mexalit JV with BCN.

This was what observer92 was mentioning ie a proportion of the said JV will feed the plant.

Does anyone know what the profit sharing arrangements are like as potentially it may mean that 12% of the plant feed profit may be attributable to KDNC?

I note that there is no mention by either BCN or KDNC as to capex attribution?

Could anyone shed further light on this ie capex? Thank you.

"Rio Tinto reveals "significant wide intercepts"-Australian Mining, 2 Aug 2019
Link: https://www.australianmining.com.au/news/rio-tinto-reveals-significant-winu-intercepts/

Quote:
"Its drill hole intercepts include 155.1 metres at 0.41 % copper & 0.38 g/t gold & 2.39 grams of silver per ounce."

"Construction of a gravel airstrip is near completion and additionally, Rio Tinto is conducting exploration within the broader Paterson Province on its wholly owned licences & JV licences in 2019."

Comment:
The rest is the same data eg strike etc. Waiting to read what the AFR says [Australian Financial Review]. I think The Australian is the national paper in Australia & as such it would provide balance. In the final analysis, Rio has said that they will make a decision by the end of the year for Winu a/c to earlier reports so there is no change on that? In this article, there are no other detailed intercepts or grades mentioned so each has their own view in Australia on Winu.

Paddy Gall
Thank you. Just need to get some top line figures as I would like some data before we see results or visuals.

News just in for Rio:
"Rio has refused to rule out a bid for Turquoise Hill, the co controlling Oyu Tolgoi copper project in Mongolia and said it had a watching brief potential acquisitionS but would only pursue deals that made sense." 58 mins ago, Thur, 1 Aug 2019 at 9pm [from the FT]
Link: https://twitter.com/AmberMining/status/1157003225897275392

This is what everyone was discussing. I am going to read the FT article after this to see what acquisitionS [with s] they mean?

Enjoy.

P.S

Maybe PaddyGall can get us the Newcrest drilling report on Blackhills like he did with Newcrest drilling report for Havieron which included handwritten remarks [from log?].

I think they have to lodge it with the Australian Dept?

Thanks.

Thur 1 Aug 2019

The FT reported at the time of the acquisition from the ann.

However, some nice quotes:
"Previous work by Newcrest has outlined s e v e r a l zoneS of gold mineralisation in r o c k s equivalent to the l a r g e Telfer gold deposit [27moz]
which lies 30km to the west."

"Historical drilling 400m apart with intercepts of 4m at 7g/t from 26m."

"Management believes the gold prospects identified to date on the Black Hills licence may extend into the north western portion of Greatland*s Havieron licence."

"Surface Rock chips have returned up to 90g/t gold."

"The Blackhill project is regarded as having high potential for hosting gold deposits s i m i l a r to Telfer gold mine and the acquisition increases the s i z e of GGP*s Paterson project to more than 385 sq kilometres for IOCG & Telfer style deposits."

Ref: "Acquisitions of Black Hills Gold Project."-FT, 6 Nov 2017 [Type this title to read]

Comment:
Greatland Gold started drilling on 9 July 2019 so it will be nearly 1 month on 9 Aug 2019. Hoping for some news?

Just some info so that we refresh what the past historical drill results showed under Newcrest.

MattJames
Rec. Knight takes King.

To see The Australian article, just type the title: "Winu fails to live up to Rio*s expectations." - 3 hrs ago, Thur 1 Aug 2019 at 6.30pm [UK time]
I can see a bit more of the preamble about worst kept secret?

Check for yourselves.

"Winu continues to intrigue Rio."-Creamer Mining Weekly, 1 Aug 2019 [9 hrs ago from Perth, Australia]
https://www.miningweekly.com/article-winu-continues-to-intrigue-rio-2019-08-01

Quote:
"Defined a strike length of 2.1km, open at depth and east, north & west. Drilling is ongoing with 8 DR & 3 RC rigs in operation at Winu."

"Started preliminary technical studies on the project including environmental baseline, geotechical and met testwork."

"..l a t e s t round of drilling intercepting copper grades of u p to 0.48% ...42 drill holes continued to indicate relatively wide intersections of copper vein-style copper mineralisation..."

Comment:
Up to 0.48% copper ?
It used to be nearly 1% copper equivalent the last time?
--------------------------------------------------------------------
The Australian, 3 hrs ago, Thur, 1 Aug 2019:
"Winu fails to live up to Rio*s expectations."
Preamble: "The latest drilling results from Rio..."

Cant read the article as its via subscription
Comment: Hmm, interesting.

"Rio is ready to fund and drill RC holes for AYR in a JV at Paterson Province to a depth of 250m in depth during Sept Qtr."
https://twitter.com/PilbaraWolfee/status/11560015935548825602 dated 31 July 2019 [Map of Paterson shown and where Rio/AYR JV are drilling which is nearer to Telfer/Newcrest]

Quote:
From the ASX Ann: "The drilling programme is now planned to comprise a minimum of 8 Reverse Circulation drill hole of up to 250m depth across 6 targets."

"RC drilling program currently planned to be completed by Nov 2019."

Comment:
At this time, there is n o news from Newcrest/Greatland Gold drilling at Havieron nor from Blackhills [GGP] yet.

However, everyone is watching [all the structural corridor to Winu & Havieron] the Rio drill. From the earlier article, one learns that they increased the strike from the previous 1.4km to 2.1km and also the type of timelines for expected news with X no of drill rigs. In this article, one knows that Rio is moving on to further potential deposits at Paterson, which is similar to what GGP is also doing but more drill holes [20] and up to 300m at Blackhills. So, it does look like Newcrest/GGP JV & GGP & Rio are stepping up both deeper and shallower targets .

4 hrs ago, Thur 1 Aug 2019
https://twitter.com/EcoInternetDrGB/status/1156842010373849090 Global Mining Review

Quote:
"This release provides new data on 14 diamond holes & 28 reverse circulation holes drill holouthes completed since the last report."

"With a currently s t r i k e length of approximately 2.1km [open at depth & to the east, north & south."

"Drilling in ongoing with 8 diamond rigs and 3 RC rigs at Winu and further results will be reported in the 1st quarter of 2020."

"Focused on defining the extent and tenor of the supergene and diamond drilling continuing to test the extents of the deposit."

On-topic for industry news relating to the structural corridor from Rio*s WINU to Newcrest/Greatland Gold*s Havieron, Paterson, Western Australia.

I checked a Bloomberg article on Lamil which was JVed.
Although it was a quick look due to time, I gather it is also nearer Telfer which means that Rio [if confirmed] are heading for the other side of Telfer ie left as opposed to right at Havieron [on the map at least]?

Spade of Glory also tweeted, 57 mins ago after the Winu BRUH post:
"This is also supergene according to rio, with 8 dimeys and 3 recees going we should see more." Spade of Glory*s timeline shows he is from New South Wales Australia. What is 8 dimeys and 3 recees. Thanks in advance.

https://twitter.com/SpadeofGlory

A tweet has said: big news that Rio has pegged "the gap in-between lamil and nifty."
https://twitter.com/SpadeofGlory/status/1156887023891841024
30 mins ago, Thur 1 Aug 2019

Spade of Glory 1st tweet: "Winuwinu....BRUH" and followed by the above.

Grizzle1 - Aussies heard news on the above. I have not checked it out yet ie industry news.

P.S.

For perspective, Rio*s Winu [structural corridor to Newcrest/GGP8s Havieron] top result [cited on Carraway*s map of Paterson] was 741m at nearly 1% Cu Eq from recall. However, the strike is 1.4km although satellite showed it has extended?

Newcrest*s drilling Hole 6 Extension showed more than 700m with all the various grades from where GGP left off.

Not difficult to see why the industry is talking about Rio*s Winu & Newcrest/GGP*s Havieron as per the Barry Fitzgerald*s article written and posted last night on this forum.

Thur 1 Aug 2019

Tiburn at 11:04am, Thur 1 Aug 2019 [Rec]

1)And, there is more to come. Newcrest showed a diagram of Hole 6 Extension that they drilled to show that it is o p e n at d e p t h at 1,216m [deepest at Havieron although it was said that they would go to 1,000m]. Also, it is o p e n to the North & South. [Ref: Newcrest Qtr results 25 July 2019]

2)Newcrest stated next steps:
Look for new zones
Look for extent
Look for depth
[From Greatland Gold*s RNS on Geophysical etc, it was said that in terms of depth it can go to 1,400m and beyond. Kindly check]

3) I checked through 2 Australian geo*s that post on this forum with 30 years industry experience and exploration geo & the other with 25 years as a geo. The latter said that it is relatively cheap to go deeper with the drilled holes prior to the said results. So, maybe, Newcrest may go deeper after their analysis at 1,216m at Hole 6 Ext?

4) Anything with 1 Billion tonnes mass is technically termed Tier 1 and if copper ideally 1% cu [if copper]. That is the dream of many seasoned investors of junior mining stocks. So, is it the desired target of Rio. On Hotcopper AZY last night, they said that Rio and AZY [JV with Rio] will be presenting at the 5 Aug 2019 Diggers & Dealers Forum in Kalgoorie, Australia. There was a link to one of Rio*s presentation wherein they said they are expecting a Tier 1 discovery in Australia and that these come every 4 years. Further they invite co*s to approach them with cores and they have an open cheque book for Tier 1*s. Link: https://hotcopper.com.au/asx/azy/

I will go with the industry norm for Tier 1 evaluation and cited by N.Mather in the case studies shown which Tony Manini also stated.

I wont quote any figures as it is common knowledge ie if Tier 1 hypothesis?

Thur, 1 Aug 2019
DYOR

Stockhead Australia*s tweet with embedded article:

"Winu has been found and is talked about.
"Havieron has been found and is talked about
"We hope we find the next one and get talked about."

Link: https://twitter.com/StockheadAU/status/1156659565716488193
by Barry Fitzgerald of Australia.

Quote:
"A bit of Hollywood has come to Western Australian*s Paterson Province in search for the n e x t b i g find like Rio Tinto*s Winu copper-gold beauty. Or the Havieron gold copper discovery of the Greatland/Newcrest joint venture for that matter."

"Winu has been found and talked about. Havieron has been found and is being talked about. We hope we find the n e x t one and get talked about, Boyd said."

Note:
Stockhead.com.au has not put #ggp in the tweet so it will not show on the Twitter #ggp thread. It has just come out 54 mins ago, Wed 31 July 2019 at 10:15pm.

Well, appears from Barry Fitzgerald, its now common knowledge about Havieron.
As said, it was reported that after 14 holes at Rio*s Winu, Paterson, mining types and Hartley*s analysts could do some sums on Winu and come up with the size of the find. Apparently, Winu & Havieron talked about via Stockhead.com.au.

Its a phrase - Primorus Investment*s table as embedded in their tweet.

Or should I change it to Primorus Investment*s table taken from Greatland Gold and change their Primorus*s tweet? I merely quote and I do not assume its is Greatland*s screen shot although it would be understood that only Greatland Gold could have produced those figures. I would need to check the exact Greatland Gold screen-shot to match Primorus?

Thank you.

Shareholder of Greatland Gold

Wed, 31 July 2019

Yes, I am aware of Pamlona*s figure of Au/Cu and AuEQ as a composite.

TacquiT was n o t referring to the top line as but the detailed results for Hole 5.

Primorus Invesments*s table today has even a greater breakdown on
https://twitter.com/priminvestments/status/1156513936277155841 dated 31 July 2019

Tweet: "Newcrest restated HAD005 now.
103m @ 3.5g/t Au & 0.93% Cu from 459m and
128 @7.4g/t Au & 0.54% Cu from 660m"
by TaciquT dated 31 July 2019 [Sent to @Newcrest & @Greatland Gold]

This is in reply to Pamplona HAD005 top line results for Hole 5 at:
"275m at 5.6g/t Au Eq."

Link: https://twitter.com/TaciquT/status/1156317948824342528

Comment:
Hole 5 was the significant results that brought media attention in Australia eg The Australian [national newspaper].

No one seems to have noticed it ie Newcrest restated results for Havieron Hole 5.

Greatland Gold reported the Havieron Hole 5 results on 4 Dec 2018 via RNS.

I have just checked GGP*s said RNS:
Havieron Hole 5:
"275m at 4.77 g/t gold & 0.6% copper

Detailed figs:
-118m at 3.08g/t Au & 0.84% Cu
-157m at 6.04g/t Au & 0.44% Cu"

Please check as these are from notes and there can be errors.

Screenshot of Newcrest ASX Announcement on 25 July 2019 is shown https://twitter.com/SpadeOfGlory/status/1154164608778682368 from Spade of Glory.

Newcrest*s restated Hole 5 results appear to have much higher grades?

DYOR
Wed, 31 July 2019

Unfortunately, if one invest in stocks, one has to follow what the co is doing in particular and the industry as a whole.

Prior to BCN*s JV, it was well known on Twitter that the banking industry had appeared to close the doors to financing especially lithium. I recall it was Bloomberg that reported it. The reason cited was pricing etc.

Now, the JV*s in lithium etc appear to be from private equity [KDNC Amapa project with a Singapore private equity group] or Chinese lithium producer/s [BCN potential JV with Ganfeng] etc.

One has to find the time to try to research in between work otherwise, one*s stock investment could suffer? One investment manager went for a lunch and did not know that his stock was falling for a certain reason. After lunch, his fund lost millions from having taken an extended lunch.

Even for FTSE stocks, its the same.

TomE

I say! Primorus must be busy doing their sums re:detailed table of results from Havieron. Mining types & Hartleys of Australia did some sums [scale, size etc] on Rio*s Winu [on the structural corridor to Newcrest-GGP*s Havieron, Paterson, W.A] around 14 holes [On-topic industry news ].

So, the professionals in the industry [inc Primorus - shareholder of GGP] must be waiting for the next batch of results from Havieron [JV NCM/GGP] keenly?

DYOR.

Wed, 31 July 2019