RE: Ggp11 Jan 2021 14:59
The current intention of both parties is, that, subject to a successful exploration programme, a positive Feasibility Study outcome and Decision to Mine, the ore from the proposed Havieron Joint Venture will be toll processed at Newcrest’s Telfer Gold Mine (“Telfer”), which sits approximately 45km to the west of Havieron.
In November 2020, Greatland and Newcrest signed the Havieron Loan Agreement securing funding for Greatland (approximately US$50m), which, together with Newcrest’s existing sole funding commitments under the Farm-in Agreement, is expected to fund Greatland’s share of Havieron Joint Venture costs (based on current forecasts) up to the completion of the Feasibility Study.
Well there you have it in black & white, straight off GGP website what they are planning. No sell off.
sAs