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Hey Paddy,
Havent posted for quite awhile, but my two cents worth sais Greatland will end up owning ALL of Telfer and Hav, plus maybe the surrounding Jvs that Newcrest have in place with other parties. Whers there is smoke.......
All the best, Reddirt. :) GLA LTH
Hi All,
Just noticed Greatland have applied for a new tenement a few ks to the west,southwest of Hav. 8 Blocks.
The app will be competing against Rio,CRC and FMG who submitted their apps at the same time. So about 25% chance of expanding our landholding. Deals are often done to get applications withdrawn, to increase chances of winning the ballot. So will be interesting to see what happens in the coming weeks/months.
GLA LTH
Reddirt :)
Hi Everyone,
Not sure if posted before, but Newcrest have applied for a new Licence between Hav and Telfer with the following possible intended uses ...
a bore
a bore field
a bridge
a pipeline
a power line
a road
a storage or transportation facility for minerals or mineral concentrate
taking water,....
This is on their application to Mines Dept over here in ozz..
Very interesting.....
Reddirt :) LTH GLA
Hi Paddy,
I havent looked closely as its now beeroclock over here... but I think about 175 ks southeast of Telfer/Hav and near Tabletop.
Will check tomorrow , if someone hasnt already posted...Cheers.
Reddirt.
Looks like we may see another RNS soon. It appears Greatland Gold have over pegged 3 licences in the Paterson South district.
You would think to get the ground they would have to negotiate a deal with the Pending Tenement holders, Province Resources.
A quick google shows Province were/ are, chasing copper, gold, cobalt and vanadium. The plot thickens......
DYOR GLA LTH Reddirt :)
My Opinion is that with the appointment of Canaccord as an advisor/broker to GGp, its a flag to all GGp shareholders that SD is not mucking around, and we will probably see a large corporate maneuver soon. Maybe a ASX listing and or, a buyout of an existing producer., just like he was involved in the takeover of the SuperPit in Kal.
I believe SD thinks BIG, and he has the runs on the board.
Very interesting times ahead. I am definitely holding my golden tickets !
GLA LTH
Reddirt :)
"Regis will be paying 852$ US per Reserve oz for a 30% interest in the Tropicana Gold Mine .
Tropicana is a Tier 1 operating gold mine that produced over 420koz of gold in 2020. The Project currently has a seven-year reserve life with a 2,964koz Au Ore Reserve.
Under the terms of the agreement, Regis will acquire the 30% stake from IGO for a total consideration of A$903M (US$688M) cash. Regis intends to fund the Transaction through a fully underwritten equity raising of A$650M, consisting of a A$450M entitlement offer for existing shareholders, and a further A$200M to be sourced from institutional investors; and a A$300M term loan facility which will be provided by Bank of America.
Completion of the Transaction is subject to AngloGold Ashanti Australia Limited (AngloGold) waiving its Right of Last Refusal (ROLR). The Transaction is expected to complete by June 2021 if the ROLR is not exercised during the 60 day lapse period.
Based on 30% of the Project’s Ore Reserve balance of 808koz Au (2,694koz on a 100% basis) and the consideration of ~US$688M, Regis is paying US$852/oz in Ore Reserve. This is a premium to Minesonline.com’s 1, 3 and 5 year normalised average Operation Reserve multiples of US$206/oz AuEq, US$268/oz AuEq and US$277/oz AuEq respectively."
People are prepared to pay big money for ozs....
Reddirt . :)
Hi all,
Looking forward to the new exploration manager for GGP settling in and getting his head around the projects we have.
Obviously in particular Hav, and surrounds. Speaking to people who know John, they think very highly of him, and i am certain he will bring a lot of knowledge and expertise ( gained over many years) to the team that is GGP.
Maybe some more holes getting pumped in to Scally soon too.... :)
GLA LTH
Reddirt.