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Good man Dip! Thanks! TT

Yes, excellent, often very probing questions from Liam. Well done.

I give Shaun Day his due, he certainly answered all of them just as far as he possibly could, under the current circumstances.

He seemed relaxed about funding, but, until anyone has a better idea of exactly what Newmont wish to do, that's a pretty mute point.

Optionality came up several times, and indicates that there are many ways to skin the cat!

Greatland eyes full ownership of Havieron amid Newmont's potential divestment

Mining Weekly 3rd May 2024

https://www.miningweekly.com/article/greatland-eyes-full-ownership-of-havieron-amid-newmonts-potential-divestment-2024-05-03

Just to add, I still, and will always remember, Sandeep Biswas's comments, from years ago now, when he clearly stated..

“So this (Havieron) mineralisation is quite different in many ways to what we are seeing in Telfer”

“For a start its much higher grade, I mean, we haven't seen these sort of grades at this sort of volume in the Paterson”

"The reason we are excited, and you've seen all the drill holes is that we have this high grade kind of what looks like a parabola on its side where we think that the first mining will start."

"Which will involve high grade stoping, which we will truck to Telfer. So this is, you know, 10 times the grade of what we're currently treating at Telfer."

So, no change there, except that we've subsequently drilled significantly deeper & further, and, as SB also said at the time, and is pretty much still true throughout, "Every drill hole we put in there finds more gold."

Reiterated in BOLD, again!!

"Greatland currently holds a last right of refusal to acquire the remaining 70% interest in the Havieron Project"

Greatland Gold has responded to Newmont’s plans to divest its 70 per cent stake in the Havieron gold-copper project in Western Australia.

Greatland discovered the Havieron deposit in 2018, with the project being advanced under an unincorporated 30:70 joint venture originally signed by Greatland and Newcrest in November 2020.

Newmont inherited the 70 per cent stake in Havieron, as well as management of the project, when it acquired Newcrest last year.

Newmont then announced in February it will divest the 70 per cent stake it holds in the Havieron. Greatland has now said it is “strongly positioned” to consolidate the ownership of Havieron.

“Overall, we are confident there is currently significant option value in Greatland with Newmont’s 70 per cent interest in Havieron considered non-core and our existing last right of refusal on any sale,” Greatland managing director Shaun Day said...

https://www.australianmining.com.au/greatland-to-potentially-buy-newmonts-stake-in-havieron/

Some Oz coverage...

https://www.businessnews.com.au/article/Greatland-open-to-Havieron-outcomes

Indeed Matty! What's more, with that massive 50% increase in annual throughput, the PFS also stated that, based on samples," metallurgical recoveries for gold are anticipated to average approximately 88% and recoveries of copper are expected to average approximately 84% throughout the life of the project."

Greatland Gold has indicated it might try to buy back full ownership of the Havieron gold project in Pilbara, Western Australia if the opportunity arose.

In February, Newmont, the majority partner at Havieron via a 70/30 joint venture with Greatland, deemed the project non-core.

Greatland says it has a right of refusal over the Newmont interest ahead of any sale to a third party and considers itself “strongly positioned” should there be an opportunity to consolidate ownership of Havieron on accretive terms.

https://www.proactiveinvestors.co.uk/companies/news/1046425/greatland-gold-strongly-positioned-to-buy-havieron-back-if-newmont-sells-1046425.html

Could be, but I'm not ruling it out either.

Interesting comment from Shaun that, "..on some level disappointing if Newmont does exit..."

So, he's not entirely ruling out that they may still not divest Havieron.

There are many ways to skin a cat!

Aquifer flow rates are lower than expected. Less work. Less infrastructure. Safer more controlled passage through the aquifer. Very positive!

Latest piece by Taylor Dart at Seeking Alpha, who's one of the most well researched commentators/reporters on the Industry, but especially the ins & outs of what's been happening with Newmont/Newcrest and assets, costs, etc...

https://seekingalpha.com/article/4686125-newmont-q1-earnings-a-solid-buy-the-dip-candidate

Like so many things can happen in business, and especially M&A activity, we'll probably find that a deal(s) will be done on a basis that nobody expected, and maybe involving party(s) that nobody expected. Just as one example, the Paterson South deal with Rio was discussed for at least a year before it was announced, and I don't know anyone who even suspected it.

However, what ever does happen, there is no better BOD available in the industry than ours, to be handling it right now, IMHO.

Good news, but this is most important, IMHO:

"Our intent is to commence a substantial drilling program on the Meadows prospect at Ernest Giles in the second half of this year."

“Chinese speculators have really grabbed gold by the throat...”

That is how John Reade, chief market strategist at the World Gold Council, describes the scramble in the communist nation among investors looking to move money anywhere but in the yuan or Chinese assets....

https://www.zerohedge.com/commodities/chinese-have-grabbed-gold-throat-capital-flight-accelerates

"...It was due to restart March - right?

Where did you hear/see that?

Apparently Walkers have created a completely new flavour of crisp called 'Havieron', and they're going to make a packet!

Yeah! Let's just tell everyone what where, probably, negotiating, what we're prepared to pay for anything, and how about throwing in everything we're thinking too!

Https://stockhead.com.au/resources/fortescue-is-dialled-in-to-critical-minerals-heres-some-areas-the-major-miner-is-tuned-into/