Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Up to a high of $2289 already today, currently $2285....
New intraday record gold price @ $2267...
Yup, radio silence as one would expect. but surely a great deal going on behind the scenes, and no doubt involving our extremely well qualified, some would say overqualified, BOD.
The only thing really of interest on this forum, and others currently, is the noticeable increase in the de-ramping traffic from the usual suspects, and some new one's too. Others have suggested that it's the shorters getting desperate, but who knows really, as only time will tell...
@ Vitautas, "So what. Greatland has no gold to sell."
Yeah, right! And BP has no oil to sell!
Intraday high yesterday of $2266, currently @ $2255...
Indeed RationalAssessor. Here's the Havieron plan...
https://minedocs.com/19/Havieron-Mine-Closure-Plan-2021.pdf
More potential from the Paterson region...
"Antipa Minerals is pleased to announce the identification of a very large air core gold and pathfinder anomaly, within its Paterson Farm-in Project. The AL01 anomaly is located just 17km north of its 1.5Moz Minyari gold-copper-silver resource. These air core drilling results extend the AL01 anomaly to a 5km long target area..."
An interesting read on the above, but also an update on their other Paterson projects, including JV/Farm-in's with Rio & Newmont.
If nothing else, the maps & diagrams are always great, showing locations in relation to Telfer and Havieron, together with, possibly increasingly important now, distances from Telfer...
https://antipaminerals.com.au/upload/documents/investors/asx-announcements/240328014218_2024-03-28ASXLodgedLargeGoldTargetIdentified.pdf
Well worth a read:
https://www.newcrest.com/sites/default/files/2022-08/220801_Newcrest%20-%20Diggers%20and%20Dealers%20Mining%20Forum.pdf
I notice that Fraser MacCorquodale has joined Inflection Resources as Non-Exec Director.
Many of us know that he worked closely with Callum Baxter on the Havieron project, when he was with Newcrest Mining as Head of Exploration from 2008 - 2023, and was awarded the Colin Spence Award for excellence in Global Mineral Exploration in 2020 from the Association for Mineral Exploration for his role in discovery of the Havieron project.
Also, as some will remember, he gave one of the most positive and informative talks about Havieron at Diggers & Dealers in 2022, which I well remember.
https://www.thenewswire.com/press-releases/1k1vFZg0o-inflection-resources-appoints-fraser-maccorquodale-as-director-and-dr-neil-adshead-as-advisor.html
The gold price has just hit $2200 again, after dropping back over the past few days.
https://www.proactiveinvestors.com.au/companies/news/1043950/*****-gold-reveals-polymetallic-strike-and-depth-potential-at-firetower-1043950.html
Newmont Corp. has kicked off the sale of its Akyem gold mine in Ghana, which is attracting interest from potential bidders including Chinese producers amid soaring prices for the metal, people with knowledge of the matter said.
Newmont is working with Citigroup Inc. on the disposal and they have started sounding out prospective suitors according to the people. Shandong Gold Mining Co. and Zijin Mining Group Co. are among companies showing early interest in the asset, the people said, asking not to be identified because the information is private.
Chifeng Jilong Gold Mining Co. is also studying Akyem, said the people. Australian miner Perseus Mining Ltd. said last month it would consider the asset as well.
Deliberations are at an early stage and suitors could decide not to proceed with bids, the people said. Representatives for Newmont, Citigroup, Shandong Gold and Zijin declined to comment. A spokesperson for Chifeng Jilong didn’t reply to a request for comment.
The sale of Akyem is part of Denver-based Newmont’s effort to raise $2 billion in cash through divestitures in the wake of its acquisition of Newcrest Mining Ltd. in November. On top of Akyem, Newmont wants to sell four gold mines in North America and one in Australia.
Akyem produced 420,000 ounces of gold a year at the end of 2022, the company’s website shows. The precious metal surged above $2,200 an ounce this week for the first time and it has rallied about 10% in a month.
https://www.bnnbloomberg.ca/newmont-s-akyem-ghana-gold-mine-draws-chinese-interest-1.2050555#:~:text=Akyem%20produced%20420%2C000%20ounces%20of,Winnie%20Zhu%20and%20Jacob%20Lorinc.
Maybe getting cranked up for that exceptionally high grade Havieron ore...
Superintendent - Metallurgy
https://www.newcrest.com/careers/current-opportunities?job=986256
Senior Metallurgist - Plant
https://www.newcrest.com/careers/current-opportunities?job=986224
A few smaller buys going through at 7p now, but, overall, still creeping up slowly 6.80-6.95...
this may help a bit more, which is from the ramses target drill program – final geological report, 1st september 2023:
highlights: rad002 significant intercepts:
• 18.25m @ 22.0g/t au from 924m (uncut) to end of hole (eoh) at 942.25m, including 1m @ 393g/t au from 926m. significantly, anomalous copper, silver, bismuth and ****nic assays were recorded within the broad, altered intersection. further geophysical testing in the form of a downhole electromagnetic survey (dhem) was planned to better understand the mineralisation potential at shallower depths, however during reentry by the vortex geophysical contracting team, a blockage in the pvc casing pipe was intersected at 44m depth and the probe was unable to pass.
Phil & Kevin talk briefly about Greatland Gold, and generally about the current disconnect between miners and gold/copper prices, as well as the likes of AIM/Aquis...
Starts around 55:00 MINS up to 59:00 MINS
https://www.youtube.com/watch?v=qvskhc7MGsE
Thanks barna! Interestingly that's the sale that Tom Palmer cited last week in an interview with KITCO, when he was discussing the six current assets for divestment:
"There are six assets that we've listed for the investment, or what we call for divestment. Every single one of them are high class assets, each of them have great teams, but they are tier 2 assets, that means that their their production profile is not going to hit our T1 definition so they won't get the management time and the capital within a Newmont portfolio.
So when we look at what's best for those assets, where those assets are going to realise their full potential it's an opportunity for those assets to be cornerstone assets in another company's portfolio and those teams and those bodies can realize their full potential potential.
If you look back at Newmont's track record over time we divested .....into Northern Star and Northern Star today is a great gold mining company in the Australian context, has assets that were in the Newmont portfolio that are getting the time and attention within within Northern Stars portfolio with kcgm the super pit being their their core asset... why when it's the single asset there are many many good stories of Newmont assets finding a home in a portfolio where they can get the time and attention and deliver value for shareholders and and deliver economic livelihood for workforces and the surrounding communities."
https://www.youtube.com/watch?v=rTh-ZsKpna4
Boom!
I'm betting on this one being the big winner later this year...
https://www.racingandsports.com.au/thoroughbred/horse/havieron/1566145