Seeking Alpha - Biswas reference to Havieron14 Dec 2019 21:16
Sophie Spartalis
Okay, that's great. And then just also on Telfer, you talked about currently working on optimizing the operation there. You've obviously got Havieron there. You continue to call out. Can you maybe just talk through sort of the more medium-term plan over the next sort of two to five years in regards to where you can see Telfer going? You've obviously taken down one of the two mills, you've taken off 60% of the time, does that ultimately go to one train? And then how Havieron sort of fits into that picture?
Sandeep Biswas
Well, I think what you're finding, because the changes that we've made now is – certainly optimizes the cash flow situation. So, there are lot of great stuff going to the dump leach and saving costs and lifting the grade in the current mill. But you're right. So, it's really to work on our current orebodies, and we continue to do existential exploration at Telfer as well, by the way. I mean, we're not necessarily looking for the next big dome, but there's lots of interesting smaller deposits, which we think may be able to add to the current operation of Telfer.
But the plan at Havieron is how do we really find out very quickly what the scope of what we have there. And we've got four drill rigs there at the moment, and we'll put as many as we need to find out what we have there. And then it'll be about how quick can we get in there, provided that there's a feasible mine there, and mine that stuff out and track at Telfer.
I mean, the beauty of having the Telfer infrastructure, there is subject to Havieron being feasible in us going to mine it, all you have to do is mine it and then you just track the order Telfer. The thing that's unusual about Havieron in relation to the Paterson is the grades that we're seeing. I mean, we're not used to seeing these sort of grades in the region. So, that's particularly interesting. And if it all holds up, it certainly gives us a much more economic – potential economic outcome by tracking, as you know, tracking high-grade stuff is a lot better than tracking low-grade stuff.
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Sophie Spartalis
Sure. And so just in terms of those drilling efforts in and around Telfer, would that also include potentially increasing your holdings on the Paterson range?
Sandeep Biswas
We're always on the lookout for exploration properties. But I think people are starting to tweak that Telfer’s infrastructure is very valuable from a viewpoint of early to market with mines, and we are having a lot of people knocking on our doors is, what I'll say at this point.
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