Member Info for TimberTrader

That's mines though, not future potential, which my post was about, although I accept not 100% clear.

I agree James. They'll want to maintain a 'footprint' in the area, which, as we know, is the best gold/copper postcode in Oz, if not the world now!

American gold mining giant Newmont (ASX:NEM) is participating in Antipa Minerals’ (ASX:AZY) $5.75 million placement to maintain its 8.6% stake in the junior gold explorer.

To exercise its top up right, Newmont will contribute a further $540,000, boosting placement funds to $6.25 million.

Managing Director Roger Mason says Newmont’s participation represents a strong endorsement of Antipa’s Paterson Province portfolio in Western Australia and exploration strategy.

Newmont is Antipa’s farm-in partner on the Wilki Project, which is within 3km of Newmont’s Telfer gold-copper-silver mine and 22 million-tonne-per-annum processing plant. The project is also 9km from Newmont-Greatland Gold’s Havieron gold-copper development project....

https://mining.com.au/newmont-tips-more-cash-into-antipa-to-maintain-stake/

Following on from Bamps comments, here's the interview with GH about the same MMI sampling on BRR Media from the 13th October 2017 (From 02:35):

https://www.brrmedia.co.uk/broadcasts/59e09dcdcb88740a8d900271/greatland-gold-exploration-update/

Found it!

https://www.ggpchat.co.uk/download/file.php?id=143&mode=view

Bamps, have you got the OLD map of EG showing it in relation to the M25? I couldn't find it.

I'm sure that our BOD will be tapping into the likes of the Australian government credit agencies, the Northern Australia Infrastructure Facility (NAIF) and Export Finance Australia (EFA), for any investment possibilities.

As you probably already know, we've already received some drilling funding, a few times already, from the Exploration Incentive Scheme (EIS), which is a Western Australian State Government initiative that aims to encourage exploration in Western Australia.

Https://www.australianresourcesandinvestment.com.au/2024/07/02/emerging-pilbara-gold-miner-with-almost-2b-of-funding/

Greatland Gold

Dean Horton has commenced their role as Greatland Gold’s chief financial officer (CFO), bringing over 25 years’ experience to the company.

Greatland said Horton’s appointment will help deliver the full potential of the Havieron gold-copper project located in the Paterson Province of Western Australia.

This includes a completed feasibility study, execution of project debt finance, completion of development and into commercial operations.

In May, Greatland revealed its interest in consolidating ownership of Havieron after Newmont announced in February it would divest its stake in Havieron. Greatland currently owns 30 per cent of the project, with Newmont holding the balance.

“Dean is a great addition to Greatland’s already strong management team and we are delighted he has joined us,” Greatland managing director Shaun Day said.

“His depth and breadth of experience, particularly in project debt financing, further enhances our capability to optimise and complete the funding and development of Havieron.”

Monique Connolly, who was acting CFO, will remain in Greatland’s senior leadership team as general manager finance.

“I would like to express my sincere thanks to Monique Connolly for her stewardship of the finance team as acting chief financial officer over recent months, and my congratulations for her appointment as general manager finance,” Day said.

https://www.australianmining.com.au/more-leadership-changes-from-major-miners/

Another ex Fortescue....Hmm!

IMHO, another well researched piece in 'Seeking Alpha' on Newmont, and the gold market in general, both in the past, and looking forwards too.

The author notes that:

"While gold should continue to shine and protect investors from inflation - possibly even well into the next decade, as debt crises aren't resolved in a year or two - gold mining stocks are the best way to play the gold bull market.

There are two reasons why:

1) Gold stocks remain tremendously undervalued on an absolute basis and compared to historical valuations, as the miners have lagged well behind the price of gold over the last five years.

2) Gold miners typically offer 2-3x leverage to rising gold prices.

The Au mining stocks (and I'm speaking across the gamut, from micro-cap explorers to the largest senior producers) are only now finally starting their inevitable sharp-rerating higher...."

https://seekingalpha.com/article/4701142-two-of-my-top-gold-stocks-for-this-gold-bull-market-newmont-sandstorm

Indeed Mark, that's pretty much a certainty. Any company in negotiations in M&A activity will need to view company research and the like, which will be covered by NDA's.

Whatever it is, GDXJ rebalance, or someone/institution wanting shares, it's evident, again, for sure.

After that, as always, who knows....Only time will tell!

You pays your money, and you takes your choice!

Indeed panama, maybe they're doing another 'Callum' (image on wall)!

I don't know if posted earlier, but I noticed that we'll be presenting again this year at 'Gold Forum Americas 2024', which is running from the 15th - 18th September in Colorado, USA.

We're presenting 'Live in person' on Monday, 16th September at 4.30 PM (MDT) = 11.30 PM (BST).

https://www.goldforumamericas.com/program-agenda-gold-forum-americas/

Interesting to see that Antipa has arranged a drill-for-equity agreement with Topdrill, allowing up to $1 million of drilling services to be paid in shares.

We did similarly with DDH1 Drilling back in 2018, for early drilling at Havieron, when DDH1 agreed to accept part payment of its drill programme fees in the form of shares and warrants in GGP.

Personally, I just don't get the negativity with which some people hold Newmont, as if they believe that they have some illogical wish to scupper the sale, or the future of Havieron/Greatland and/or even shut down Telfer, with the loss of jobs and everything that goes with that.

Tom Palmer has made it pretty clear where he stands on the situation, several times. Just one was back in April when he stated in interview:

"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."

Of course he has a business to run, but does that sound like someone who wants to mess everyone around, including his reputation?!

Unlike others though, we have our LROR over Havieron. We have an exceptionally well qualified BOD. We have the undrawn $220 facility, based on 30%, that potentially extrapolates to over $700, and we also have Wyloo as a strategic shareholder.

A challenging M&A market, which may well suit us, in terms of pricing, for Telfer/Havieron

"After the recent share price run-up of ~18% and the fact that the gold is trading at all time highs, investing in NEM is not that straightforward anymore. Also, for 2024 NEM has outlined a very ambitious strategy to divest a large chunk of its non-core and expensive mines, which is a prerequisite to achieve the all-in sustaining cost target of $1250 per ounce. Given the relatively inactive M&A market as the interest rates still remain rather restrictive, finding buyers at the right price seems challenging."

https://seekingalpha.com/article/4698951-newmont-why-it-could-be-a-great-time-to-take-profits?source=content_type%3Aall%7Cfirst_level_url%3Alatest-articles%7Csection%3Acontent%7Cline%3A6

Funnily enough, I asked Shaun Day, a couple of years ago, to confirm that they still had our nuggets from there, that they'd picked up, and he confirmed that they were still in the safe, and taken out occasionally to show people.