Havieron Exploration Decline or Declines?3 Mar 2020 12:00
Feb 2020
Daniel Morgan, UBS Investment Bank, Research Division - Director and Analyst [15]
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Sandeep, one of your themes in your presentation and, I guess, for the last few months, has been exploration focus at Red Chris and also Havieron. I think, in the past, you've talked about what you want to get to a position of is, have you seen enough in order to put down an exploration decline and get down there and really see a drill laterally? Just wondering how closer we are, if at all, to that decision on either asset?
Biswas's reply was -
'Well, we obviously got to do a lot more drilling. I mean the last thing you want to do is put a decline in the wrong place. So there's a certain amount of drilling that has to be done to make sure you position it right, but all the necessary approvals processes, the gathering of environmental baseline data, all the things that you would need before applying for permits in both locations, all that work has begun. So we're anticipating that as soon as we get enough drill results to work out where to position these declines and we can get approval of them from the 2 regulators, we'd be in position to get going. And look, we'll just have to see what the future drill results indicate. But if you look at the ones we've got so far, we're feeling pretty confident.'
he used the term 'exploration declines' not decline. Is it possible to have two EDs for the same ore-body? If it is then this may suggest Hav is much larger than initially assumed though I'm no expert so I could be way off
Biswas declares his love for Havieron - ''Finding gold is hard and rare, so to get these kind of drilling results is really exciting.''
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