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Primorus Investments*s CEO did his university paper on Telfer [Newcrest owned near Havieron Newcrest/GGP].

Looks like the industry will be watching for the next batch of results from Newcrest at Havieron.

As I said, that on Rio*s Winu [on the structural corridor to Newcrest/GGP*s Havieron at Paterson, W.Australia] both mining types & Hartley*s of Australia could work out the potential size, scale of Winu.

So, similarly, the professionals in the industry are looking to the next few holes assay results for Havieron?

Wed, 31 July 2019

Primorus Investments has just tweeted about Newcrest/GGP*s Havieron project and mentioned the 11 holes and that they are looking forward to the next batch of results. This thread is about the next batch of results from Newcrest at Havieron under the JV.

Primorus tweeted a few minutes ago: "..only 11 holes drilled and of those 6 have spectacular Au/Cu intercepts. Amazing stuff. Looking forward to the next batch."

See my last post with the link.

Wed 31 July 2019

"Very interesting table of results to date...only 11 holes drilled and of those 6 have spectacular Au/Cu intercepts. Amazing stuff. Looking forward to the next batch."- Primorus Investments [ Shareholder of Greatland Gold GGP]
-11 mins ago, Wed 31 July 2019 at 11:50am.

Link: https://twitter.com/priminvestments/status/1156513936277155841

Note: From recall, the CEO of Primorus Investments [London listed] shared that his paper at the university was about Telfer [Newcrest*s mine near GGP*s Havieron project.] Please check.

On another KDNC forum, I summarised what it would need to get to legacy investors [REM] former buy-in price [hypothesis] since the the particular investors wanted to know.

I cited 3 textbook standard routes that the investment rule book plays by ie 1) There is a windfall via a sale etc that matches the desired mkt cap. 2) The investments of a company goes up, again, to match the desired mkt cap or 3) The co turns a profit to earn, say a undemanding P/E of say 10. An example, if a co earns £1m profit, then the market may attribute a £10m mkt cap as the P/E is 10 [1 x 10]. And so forth.. [ say P/E of 8 - adjust accordingly]

The old-timers discussion over the recent Sat/Sun was a fruitful one as everyone had an input, hence why it was a lengthy discussion. Each one sees the direction differently as per the 3 general rules cited as norm to all co evaluation processes.

So, KDNC has now made rather clear where the co is heading since the REM failed takeover of BCN [now KDNC] via this June 2019 KDNC Presentation.

The discussion has been answered by the co themselves ie KDNC.

This is a big turning point for KDNC since the days of REM [now KDNC] with the main project then being the Sonora lithium project.

Well, an interesting development seeing the detailed information. Now, each to reflect on this development.

Wed, 31 July 2019

Barksy1,
Thanks for the link to the Cadence Minerals latest June 2019 Presentation.

Ref -Point No 1: "Opportunity" & 4: "Asset Overview, Potential & Upside" -Amapa.

Recently, over Sat & Sun, old-timers got together to discuss Cadence Minerals. This topic came up as some legacy holders bought REM [now KDNC] at 0.9 and 1p and hence it was interesting that to reach this point, the share price would need to go 10 fold [hypothesis]. This was the question of the day recently on this forum.

In particular, I wanted to know the direction & strategy of KDNC going forward after the REM failed takeover of Bacanora Minerals at £1 [Bacanora*s share price is currently 44p]. From the KDNC June 2019 Presentation, I am NOW cognisant where the direction of the co lies as said per Point 1 & 4.

Some NEW points were raised ie M & A that were NEVER discussed before on this forum arising from Ganfeng*s JV with Bacanora nor the Nemaska potential raise & how the mkt cap between Canada & London differs. Altura has recently had a Chinese partner and that deal M & A is also interesting as a comparitive to the BCN one?

Looks like KDNC is conveying what investors wanted to know ie Overview of Assets etc.

News
31 July 2019

Hotcopper:
From "Leondaniel" on 29 July 2019 with 17 votes.
Quote:
"Latest chatter about the find includes talk that Rio is preparing to start some sterilisation drilling in preparation for the positioning of mine infrastructure. "

"If that is the case, the mining major is giving thought to being around Paterson for a long time."

"Sounds GOOD!!!."

Link: https://hotcopper.com.au/asx/azy/discussion/

LeonDaniel was referring to Livewire Markets article in my Sat 13:04 post within this thread. To read the said article, click reply icon and it will open up the thread.

I quoted what LeonDaniel said as this is industry on-topic news for the players at Paterson Province, Western Australia.

Mkt closed now - Mon, 29 July 2019:

Conclusion:
When Newcrest issued their announcement ie Quarterly Report in Australia on Thur, 25 July 2019. I was able to read this announcement as soon as it was released in Australia on the ASX before the market opened the next day in London [UK] .

Whilst the Havieron [Newcrest/GGP] assay results were about Hole 6 Extension, Hole 10 & 11, it is possible that there are now further assays pending or in the works?

Nevertheless, Newcrest informed in this said announcement that they are going to bring in a FURTHER rig at Havieron, Paterson, Western Australia in Aug 2019 [3+1=4].

Just on the 11 holes drilled at Havieron [Newcrest joint ventured with Greatland Gold after Hole 6-9 results [Hole 1-5 earlier] were published.

On these 11 holes via my own research, some of which I have posted on this thread, I have been able to ascertain the potential SIZE or scale of Havieron for myself. I used the standard method of analysis via comparitives etc and via the Sprotts report as a check etc.

This was the same type of observation etc that worked for me and others on Solgold as we shared research etc.

It appears that Australians and Canadians are more nuanced in mining stocks and the stock market valuation models etc. A lot follow Sprott and Rick Rule [President & CEO] at the various mining conferences in Toronto etc as these are house-hold names in the mining investment sphere and highly successful. So, there is no need to go through baseline/s as they know the theories and they are nuanced in the exploration results data. Both Canada & Australia are mining countries and as such there are a lot of mining co*s listed in these 2 countries. Many are geologists and work in the investment sphere ie Australian & Canadian mining investors.

So, this chapter closes as results will determine the short-term and thereafter.

It was very interesting that Solgold & Aurelian Resources hit the $1 billion re-rate. Both these shares were junior exploration minnows which rose from pennies or cents to the $1 billion re-rate [commonly known for Tier 1 deposits]. History now but just examples of which the Commodity Discovery Mgm quoted ie Aurelian relating to Newcrest/GGP JV and prior to JV.

News
Mon, 29 July 2019 at 7pm.

Newcrest 1st drill at Havieron [JV with GGP] at Paterson, Western Australia with assay results was released at their Qtr Report on 25 July 2019. Newcrest Holes drilled were Hole 6 Extension, Hole 10 and Hole 11 at Havieron.

For perspective, Rio*s Winu [structural corridor to Havieron, Paterson, W.A] : Mining types & Hartley*s [Australian broker] were able to estimate the size of the Rio project at around Hole 14 at Winu, Paterson, Western Australia.

Comment:
With 3 rigs spinning 24/7, a 4th rig is about to arrive at Havieron in Aug, 2019.
So, just 3 more holes to go ie 12, 13 & 14 as the industry via Mining Journal etc watch the results.

Similarly, BHP proposed an investment of some $250m at Cascabel [Solg] at around Hole 16-17 at Cascabel. However, Newcrest had entered much earlier prior to Hol]e 16-17.

Interesting. Last post - typo error: travelled not travel.

Mon 29 July 2019

"Newcrest drilling boosts GGP."- Mining Journal, Mon 29 July 2019
[8 mins ago via https://twitter.com/clairenfc/status/1155827477777981442

Quote:
"Hole 11 extended the known mineralised breccia and CONFIRMED COPPER grades were INCREASING WITH DEPTH, the co said, with ASSAY values up to 2.3% cu copper."

"Newcrest agreed earlier this year to spend US$5 million on the project with the option to acquire 70% of Havieron by spending US$65m on exploration and development over five years."

"First drill results from...Havieron project in Western Australia have CONFIRMED the presence of HIGHER-GRADE copper-gold mineralisation."

One can read the details of Hole 6 Extension in the article etc.

Comment:
News has now travel to the industry via Mining Journal etc.

Newcrest*s All-In Sustaining Cost:
$720 /oz
per their Qtr Report issued on 25 July 2019 [same time as the Havieron results]
https://twitter.com/NewcrestMining/status/1154158155858710528

NEWCREST TWEET:
[Top of their current timeline]:
"Our farm-in agreement with Greatland Gold has confirmed the presence of a higher-grade copper-gold mineralisation from our first drill results with the Havieron project." [Tweet shows a picture with the word: "HAVIERON PROJECT"]
https://twitter.com/NewcrestMining/status/1154240672670474245 dated 25 July 2019

My 11:40 post under this thread, Mon 29 July 2019.

From the poster Chartbuster [London South East] on 28 July 2019 at 16:37:
"The 52m @ 7g/t is h u g e ...more importantly the 17 m @ 21 gpt + cu [ over 2/3 of a Oz per tonne] is a fat ore block the size of a 5 storey building....incredible.
4 rigs is serious." [Ref: Newcrest/GGP Havieron Hole 6 Extension assay result dated 25.7.19]

Chartbuster on 25 July 2019 [London South East] at 10:30
"Im a 30 year industry veteran..gold exploration geologist to boot."
https://www.lse.co.uk/profiles/chartbuster

Comment:
Just a bit of further info relating to Aurelian Resources by Commodity Discovery Mgm relating to Newcrest [Joint Venture with Greatland Gold #GGP at Havieron, Paterson, W.Australia].

My said 11:40 post within this thread, ref article: " DOUBLE DIGIT GRAMS PER TONNE." [Aurelian]

So, the doubt digit result from Newcrest*s Hole 6 Extension at Havieron is notable?

Newcrest in their 25 July 2019 Qtr Report said that another rig will be at Havieron in Aug 2019 = 4 rigs [3+1].

From recall, Aurelian had 5 rigs? I have to try to find the article again when I have the time.

News
Mon 29 July 2019

DYOR. Please check.

Link to Newcrest*s Havieron results [screenshot from Newcrest*s 25 July 2019 Qtr Report]
https://twitter.com/HTrader64/status/1154166757529198592

[Also shows Havieron Hole 1, 3, 5, 6 & 8 results] + Newcrest*s Hole 6 Ext & Hole 11 results.]

The Aurelian Resources story as per 24hr gold is said to be instructive for investors and speculators. Not difficult to see why as it is the case study example.

Aurelian went from Canadian 60c to $40 :
"The stock went on a m e t e o r i c rise which took it from $0.60 to $40 within a few months as drilling confirmed the initial grade and thickness of more than 200 metres grading d o u b l e digit grams per ton."

"So this discovery raises an interesting question: Is the discovery of a company maker like Fruta del Norta a lucky shot or are there possibly any prior indicators to that a company is about to find something BIG?"

"In Aurelian*s case there is in fact an important lesson to learn since there were a l o t of s i g n a l s that the market simply o v e r l o o k e d."

[Ref: Methodical exploration as a hint for mining investors: Aurelian Resources Fruta del Norte." - 24hr gold, 14.11.09

<>"Kinross to buy Aurelian"-The Star, 25 July 2008
https://www.thestar.com/business/2008/07/25/kinross_to-buy-aurelian.html

"When Aurelian announced its blockbuster find in 2006, the junior explorer soared from a penny stock to $40 a share as it unveiled a series of glowing drill results and got the industry buzzing amid a troubling dearth of n e w discoveries in this supercharged run for metals." [ Article mentions bullion at $920 per ounce].

"Kinross has struck a $1.2 bn friendly deal to scoop Aurelian ..."

POST COMMODITY DISCOVERY MGM ARTICLE
Newcrest on 25 July 2019 [Qtr report] informed on Havieron*s [Newcrest/GGP Joint Venture] at Paterson Province, Western Australia 1st drill results [under Newcrest drilling] for Hole 6 Extension, Hole 10 & 11.

Hole 6 Extension [Havieron under Newcrest drilling]:
Over 700 m in vertical extent - 23m at 1g/t Au & 0.19 % cu [from872m]
12 m at3.1 g/t Au & 0.08% cu [from1071m]

<> 52m at 7g/t Au gold & 0.17% cu [from1122m]
<> inc17m @ 21 g/t Au & 0.39% cu [from 1153m]

Commodity Discovery Mgm mentioned 275m @ 5g/t au gold [Havieron under GGP]. The Commodity Discovery Mgm*s - under Willem Middlekoop.

An interesting case study which was also cited by 24hr gold as relevant study for investors and speculators of junior mining stock/s?

Mon 29 July 2019
News
DYOR. Please check as there can be copying errors.

From Commodity Discovery Management per my Fri, 26 July 2019 post:
"To put this in perspective, the MONSTER discovery of Aurelian Resources in Ecuador in 2006 started with a s i m i l a r hole."

[The above refers to Greatland Gold*s "impressive" result 275m at 5 g/t gold end of last year. This was prior to the Newcrest Joint Venture]

Link: https://www.cdfund.com/en/you-find-a-new-mine-next-to-a-old-mine/

Aurelian Resources
So, to follow up on the story as provided by Commodity Discovery Management on GGP & Newcrest-GGP Joint Venture, the Aurelian results were:

Bonzales Pena: 8 holes - 114m at 1.58g/t Au gold
Mineralisation O P E N to the North & South & DEPTH. Traced over 500m.
Fruta del Norte came in at 13.7 million ounces [43-101]
[To read, kindly type: "Methodical Exploration as a hint for mining investors: Aurelian Resources Fruta del Norte." - 14.11.09 by 24hr gold.

<> "Aurelian reports strong in-fill drill results on FDN: Concessions in good standing & progress in govt. discussions."-24 hr gold, 25.1.08 [Reference]

Some highlights:
"149.63 metres grading 12.51 g/t Au gold & 15.71 g/t silver
"119 metres grading 8.03 g/t Au gold & 22.6 g/t Ag
"75.81 metres grading 11.06 g/t Au & 22.05 g/t Ag

Deposit contained Inferred 13.7 million ounces of gold & 22.4 million ounces of silver. [58.9 million grading 7.23 g/t gold and 11.8 g/t silver determined by a cut-off rate of 2.3 g/t gold equivalent.]

"Kinross to acquire Aurelian Resources in $1.2 B friendly deal" -CBC.ca, 24.7.2008

Posting to illustrate what Commodity Discovery Mgm mentioned in the the article relating to Newcrest/GGP JV & GGP prior to the JV.

Mon 29 July 2019
DYOR. Please check.

Quote: Ref: Newcrest Joint Venture with Greatland Gold at Havieron.
"But even with the share price leap, the value of Newcrest*s potential spend is still roughly commensurate with Greatland*s ENTIRE CAPITALISATION." [Article mentioned GGP*s cap at £50m]

"The answer is simple enough as shown by Greatland Gold this week: a $65 million joint venture deal that could pay all expenses to feasibility, and which could lead to the development of a MAJOR PRODUCING MINE."

"So, its not just a ONE-OFF hit that Newcrest is buying into, its a solid WORK programme that could be about to YIELD A MAJOR DISCOVERY."

"Because although the Greatland exploration blockS were previously thought to be on the EDGE OF THE PROSPECTIVE AREA, that*s NO LONGER THE CASE. Newcrest KNOWS this and accordingly it hasnt joint ventured the block containing Greatland*s 275m hit, but it has JOINT VENTURED 11 OTHERS held by Greatland, and obtained a 1ST RIGHT of refusal over more to the NORTH."

"The likelihood now is that Newcrest drill rigs will mobilise rapidly at Havieron in an endeavour to replicate Greatland*s own drilling success. That in turn is likely to lead to some interesting NEWSFLOW that already has Greatland shareholders s a l i v a t i n g."

"This farm-in has in my opinion, the potential to OPEN UP the ENTIRE HAVIERON region to COMMERCIAL MINING in a time frame and cost that stand-alone operations could never compete with", said Alistair Clayton, Executive Director of Primorus Investments, which owns around 1.1% of Greatland shares."

["Nevertheless, the sheer QUALITY of the intercept, its LENGTH & GRADE, meant that Greatland was unlikely to be short of SUITORS offer to provide assistance, and on attractive terms too."]

Article by Alistair Ford, Proactive Investors for This is Money, Daily Mail dated 18.3.19

Comment:
Alistair Ford is a Mining Analyst. A re-visit of this article especially in light of the recent 1st assay results issued by Newcrest [Havieron Hole 6 Extension, Hole 11 & Hole 11] on 25 July 2019 [Qtr Report] provides further insight and overview. More importantly, it views the said Newcrest 1st Havieron results of 25 July 2019 against what was said by A.Ford on 18 Mar 2019.

Link: https://www.thisismoney.co.uk/money/investing/article-6822623/SMALL-CAPS-IDEAS-Gold-miner-Greatland-secures-65m-joint-venture-deal.html

DYOR. Please check.

News
Sun, 28 July 2019 at 11:10am

Quote:

" Exploration at AIM-listed miner Greatland Gold*s Havieron site in Western Australia has come up trumps , finding h i g h - quality deposits of gold and copper."

"Australia*s biggest gold producer Newcrest did the drilling on Greatland*s behalf under a £59 million deal the companies earlier inked earlier this year."

"Newcrest has the right to acquire up to 70 % interest in the site if it wishes. "

"As a result, Greatland Gold shares jumped 14pc, or 0.25p to 2.03p yesterday."

Screenshot shown of the hardcopy Daily Mail article with Greatland Gold share chart and share price of 2.03p.

Link: https://twitter.com/Share_Talk/status/1155157509130391552
Tweeted by Share_Talk on Twitter today, Sat 27 July 2019 at 5:46pm.

Note:
After 14 diamond holes [and partial results] at Winu [Rio], mining types were able to estimate and come up with the size of Winu.

I am breaking off as I had other work to do. When I have the time, I may post further on this with a link etc.

Since both Rio [Winu] and Newcrest [Havieron JV GGP] are the hotspots at Paterson Province, Western Australia, all the mining community will be following progress at both these said projects.

I have also posted at London South East RIO forum relating to Diggers & Dealers Mining Conference in Kalgoorie, Australia on Mon 5 Aug 2019 [attribution & thanks to PaddyGall for the info & link]. Both Rio Exploration and Newcrest [Exploration Manager] at presenting on the 1st day of this Conference.

If any Australian is attending, we may hear more from Rio & Newcrest on their Paterson Province, W.A exploration etc.

Sat, 27 July 2019 at 7.46pm.

On 25 July 2019, Newcrest reported their Quarterly results.

This was where Newcrest revealed their 1st assay results for Havieron Hole 6 Extension [1,216m] , Hole 10 & Hole 11 at Paterson Province, W.Australia [JV with Greatland Gold #GGP]

Similarly, Rio*s Winu [also in the Paterson Province, W.Australia ]1st assay results was also for 11 holes.

https://www.miragenews.com/rio-tinto-exploration-update-winu-project/
dated 6 June 2019

"As announced on 27 Feb 2019, Rio Tinto has discovered... for the 11 diamond drill holes reflecting drilling to end of 2018."

"The next phase of reverse circulation [RC] and diamond drilling [DC] is underway to f u r t h e r define the mineralisation EXTENT & CONTINUITY and results will be reported in a subsequent release in Q3, 2019. There are currently 8 diamond rigs, 3 RC rigs and a waterbore rig drilling at Winu."

Comment:
Majors tend to follow a certain style when reporting on 1st assays on a project per Paterson Province, W.Australia? So, we have 2 majors reporting 1st assays at Paterson Province, W.A. & both reported 741m [Rio] & over 700m [Newcrest Hole 6 Extension at Havieron] as the featured holes. I stated that on the Carraway map on Paterson, Rio*s said result was listed on the map of 741m. Havieron was also listed for the result under Greatland Gold.

News,
Sat 27 July 2019 at 7.35pm

Rio Tinto will be presenting at the Diggers & Dealers Mining Conference at Kalgoorie, Australia this year on Mon 5 Aug 2019.

Link: http://diggersndealers.com.au/#programme
Attribution and thanks to PaddyGall for the link on 26 July 2019 at 19:56

The Diggers and Dealers forum starts at 9am with the forum opening and the Keynote Address at 9.15am. Then morning tea at 10:15am.

At 10:45am, Rio Tinto Exploration*s Stephen McIntosh, Group Executive Growth & Innovation presents. Mr McIntosh will end his presentation at 11.10am. So, Rio takes 1st spot.

Solgold*s Nick Mather presents at 12:25 with lunch at 12:50. I mention Solgold as it is a name familiar to London investors [for illustration only].

After the afternoon tea at 2:55, Newcrest will present at 3.20 - Fraser MacCorquodale, General Manager, Exploration.

BHP presents at 5pm - Eddy Haegal, Asset President, BHP Nickel West

Comment:
My last post at Newcrest had a link to an article about Paterson, W.Australia being the hotspot with Rio*s Winu & Newcrest / GGP Joint Venture.

Interesting that both Rio [Exploration] & Newcrest*s Exploration Mgr will present.

For the others, its mainly the heads of the co*s.

Interesting to hear what they will talk about given that Rio may put Winu ahead of their Resolution project [in the news] and Newcrest Qtr*s on 25 July 2019 mentioned Havieron at the opening and they are busy with drilling here.

Sat, 27 July 2019 at 6.30pm

contd:

So, one could evaluate the Havieron project.

So, research was helpful in pre-evaluating Havieron prior to the Newcrest/GGP Joint Venture?

The other big player is Rio at Winu [structural corridor to Havieron] in Paterson Province, Western Australia. The other player is Fortescue [Australia].

Once Newcrest released drill results at Havieron [Newcrest/GGP Joint Venture] at its Qtr Results on 25 July 2019 [Hole 6 Extension, Hole 10 & Hole 11 top line], we read that Rio "latest chatter about the find includes talk that Rio is preparing to start some s t e r i l i s a t i o n drilling in preparation for the position of mine INFRASTRUCTURE." [See Barry Fitzgeralds latest article: "The buzz is around Rio*s big Winu copper find", Livewire, 25 July 2019. ]

Barry Fitzerald: "Newcrest, a long time resident of the Paterson from its ageing Telfer gold-copper mine, added to the Paterson*s HOTSPOT STATUS this week with its reporting of f i r s t drill results from its recently entered in to Havieron Joint Venture with London *s Greatland."

"Centred on a DEEPLY BURIED MAGNETIC ANOMALY 45km east of Telfer, a new exploration campaign started in the qtr with 2 rigs, since increased to 3."

Mr Fitzgerald gives the details on Hole 6 Ext and mentioned Fortescue as well pegging land at Paterson.

Link: https://www.livewiremarkets.com/wires/the-buzz-is-back-around-rio-s-big-winu-copper-find

Comment:
Newcrest*s drill results for Havieron Hole 11 mentioned grades increasing with depth for copper. This will be interesting if more details are released other than top line results eg local values up to 2.3% Cu etc?

From Caesar*s Reports [2], it appears that Newcrest is interested in the deeper parts of Havieron and per their own latest Qtr*s, new zones are also the focus?

DYOR. Please check as there can be copying errors. On Hotcopper, there is facility to use underline. I use caps instead and I find it helpful when I am trying to locate data as I can see the key words.

Sat, 27 July 2019