Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.
Newcrest have just released a presentation that they are presenting to the Scotiabank Mining conference. It has some slides covering Hav though I'm not sure it has anything we've not already seen.
https://www.newcrest.com/sites/default/files/2020-12/201201_Scotiabank%20Mining%20Conference%20-%20Presentation.pdf
GLA
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Newcrest signs Havieron Joint Venture Agreement and expands its
presence in the highly prospective Paterson Province
Newcrest Mining Limited (ASX, TSX, PNGX: NCM) has entered into a fully-termed Joint Venture Agreement with Greatland Gold plc (Greatland Gold) for the Havieron Project which is located 45km east of its existing Telfer operation, and has agreed to provide Greatland Gold with a US$50 million loan to fund certain early works and growth drilling activities at the Project.
There was a lot of talk about it at the time. When I looked at. the documents I think it was Scottish Power applying to change the use of existing power lines from supply to export. The plan documents said something about being land around a hydro plant so I think it was probably them building a small hydro generator and using existing power lines to send the power to the National Grid. I didn't see anything that related to the mine except that it was close to it. I only had a quick look at one lot of documents so someone else may have more info.
GLA
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I wasn't being negative at all , there's a difference between being realistic and being negative.
Like you I think it's a positive move to have the plant on site and I mentioned that it could provide an income for operational costs. It will also mean that they are not having to pay lab / transport costs to have samples tested.
GLA
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Morning Jeremiah99,
I completely agree. I've seen a few posters ramping the plant on here and always felt uncomfortable with that. The clue is in the name, it's a Pilot plant not commercial plant. However they will now have a means of quickly testing ore on site and it may provide a small income to pay for some of the operational costs but not provide any shareholder value in the short term.
GLA
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Hi Elir71,
They mention the processing plant capacity in the 5th Oct Operational Update RNS as a crusher of 3T/h and a concentrator of 1.5T/h. I've also seen them mention 17g/T as the typical historical grade of the ore coming out of the mine. Assuming this is typical and that the plant processes for a full 8 hours a day on "typical" grade ore at 3T/h then that's 8 x 3 *17g a day. This is about 13 Troy ounces. If the throughput is 1.5T/h from the concentrator it'll be half this I assume ?
I've copied the extract of the RNS below.
Keep up the god work.
GLA
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"Pilot Gold Processing Plant
As referred to in the Company's announcement of 22 July 2020, the Company will be establishing its own pilot processing plant at or close to the Mine site.
The Company has placed a firm order with Appropriate Process Technologies (APT) of South Africa, leading mining equipment manufacturers, for the remaining capital items required for the pilot plant. This includes an impact crusher capable of processing 3 tonnes per hour and a gold concentrator capable of processing 1.5 tonnes per hour.
Given the current lead times for manufacturing and shipping, the Company now expect the pilot plant to be fully operational sometime in Q4 2020, this being subject to the timely receipt of regulatory approvals and no additional delays being encountered in the shipment of those ordered items."
Hi Ocelot,
I'm using AdGuard using Safari as a browser and I'm ad free so it can be done. Perhaps you could try a different browser/blocker combination ?
Good Luck
NS
Hi Ocelot,,
"Wish the ads would become temporarily unavailable at the same time as chat!
You can use an ad blocker on your browser that will magically make the ads disappear. eg Adblock
GLA
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ST - "Pyrite can be found in rock mineralisation"
BUT it is also often found in Quartz
Wiki - Pyrite is usually found associated with other sulfides or oxides in quartz veins, sedimentary rock, and metamorphic rock.
GLA
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Hi Krispy,
I'm sure you are and given the choice I'd chose Scottish gold over any other :). It's all about the ground that it's come from and that is unique and changes it's value to us. Let's hope there's lots of it in the ground and that we hear about it soon.
NS
Hi Krispy,
24 carat gold is 99.95% pure so I doubt it's colour is any different whether it's from South Africa or North Wales. You can change the colour of "gold" by adding impurities like silver and copper to make rose gold etc. I'm sure the colour isn't part of it's premium.
https://en.wikipedia.org/wiki/Colored_gold
NS
Hi Yanis,
Clogau gold has a premium because of it's rarity. If there really is a lot of gold there then this premium will go down substantially. To maintain the premium they would have to limit production thereby limiting profit for the shareholders or sell a percentage (say 10%) of annual production as Clogau gold and sell the remaining into the gold market as "normal" gold ?
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Hi Dodgy,
It's apps like 212. They limit the percentage of your available funds that you can spend in one transaction to 95%. So if I want to buy £1000 of ALBA I have to split it into 3 trades. The first for £950, 2nd for £47.50 and the last one £2.48, leaving me a whole 2p and everyone else why someone is placing £2.48 trades. :)
GLA
Hi OilMonkey,
I didn't get a link but was directed to the D&D web page and registered there. Then straight into the presentation.
https://ausstocks.com.au/diggersndealers/index.php
Good luck
NS
Parsley,
If you don't like the "historical" data MPO posted perhaps you could pop into your time machine and get him some future data ?
NS
I'm sure it's fee free mobile apps not MM's. I use 212 and it won't let me place an order for more than 95% of my available funds. If I want to buy £1000 of Alba I then have to place an order for £950 then £47.50 leaving me a wee £2.45 trade to get the conspiracy theorists going :)
Hi Zaxxon,
I doubt anyone will have any evidence for or against it being gold in the walls. I can't imagine the old time miners would have left gold glittering there for the picking. They don't look like modern workings and again they wouldn't have left them in the wall. It's almost certainly Iron Pyrites which often forms in the same formations as gold. I'm happy to be wrong though :)
NS
Sorry FF :)
Well maybe I'll just SPECULATE that it'll be all right on the night and we'll find all that gold in big thick veins that won't need much processing. I'm sure the board will be making plans.
NS
Hi Dio,
I'm sure it's easily possible to do, and 150 years ago there were no environmental bodies, green parties or national parks to worry about. But in 2020 there are so from an engineering point of view it can be done but given where it is would it be allowed or would it involve so much extra expense in providing new roads and meeting environmental requirements that pushed the costs and timescales way up ?
Hi Jeremiah,
As you mentioned in an earlier post there were figures of 26g/tonne of rock. This is an extremely high figure but is all we've got to go on for now, it could be more or less. For ease of calculation we'll round it up to a very impressive 31g/t and call it an ounce per tonne ! Many people on here have quoted the figures that speculate there are 500,000 ounces and use this to justify SP speculations. I'm an engineer and a practical sort of chap so wonder how you go about processing 500,000 tonnes of rock to get 500,000 ounces of gold ? Transporting that amount of rock by road seems impractical and constructing a processing plant on site might take a long time to get through planning. I'm not a mining or construction engineer and know nothing of local conditions so I thought I'd ask :)
GLA and loving the northward progress