what the rns says12 Oct 2021 08:18
Havieron Maiden South-East Crescent PFS Highlights
§ This Stage 1 Study of the South-East Crescent reflects the 'staged
approach' to the evaluation and development of Havieron and does not consider
bulk mining methods
§ Economics(2) of maiden PFS supports the total capex while generating strong
early cash flow, IRR and payback.
§ Low upfront capital, Greatland share US$73m(3)
§ Outstanding low-cost operations, AISC US$643/oz(2,4) with further
opportunity to reduce
§ Internal Rate of Return 27% (real IRR, after tax)(2,5)
§ Payback 3.0 yrs(2,6)
§ High Grade 4.58g/t Au Eq(2,7)
§ Capital efficient, low environmental impact with underground mining and use
of existing Telfer processing facility for majority of plant infrastructure
§ 17% of revenues estimated to be generated from copper production
§ The Stage 1 Study demonstrates that including additional existing Inferred
Mineral Resource allows for an ~3Mtpa or greater operation
Havieron Growth
§ The Stage 1 Study is at a 'point in time', with a February 2021 cut-off for
drilling information; with significant additional information now available
which is expected to be incorporated into future studies
§ 14Mt of Probable Ore Reserves(2) mined over an initial 9-year life, from a
throughput of 2Mtpa
§ The PFS does not consider 37Mt of the current Inferred Mineral Resource or
any potential new resources that may be defined in Northern Breccia and
Eastern Breccia
§ Continue to assess the broader Havieron breccia system which may be
suitable for a bulk mining method
§ Concurrent studies underway to assess production rates greater than 3Mtpa
§ Targeting 90,000m of growth drilling over the next 12 months
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