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Yup, IMHO, the same, ongoing, obviuos manipulation aside, it's patently clear where we're going here over the next few weeks...

Another, OK, not so large, but a fund that sees the patently bloody obviuos, IMHO, is Ixios Gold, who I haven't seen before, taking a position too!

If you snooze, you'll lose!

GLA!

IMHO, although the WSBN sp, like may on AIM, is often manipulated to hell & back, it still remains, again IMHO, that the current sp is still ludicrously low for what we have in our Paterson tenements, in one of the best mining jurisdictions in the world.

Yes, I'm expecting Red Setter drilling plans imminently, and Cottesloe shortly thereafter.

You pays your money, and you takes your choice! So GLA!

Yup, as Shaun Day stated at the time, back in April last year, "“Gold mineralisation has been intercepted in four of the seven holes reported, which is highly encouraging. These results, together with identifying several new conductor targets from the ground EM programme and results from the 2020 work, increases our confidence regarding the prospectivity for intrusion related and other styles of mineralised systems at Scallywag.”

It's all about zeroing in, and I'm increasingly looking forward to the next set of assays from Scally, which, it sounds like, we should be hearing about, best guess, in September, possibly earlier.

A great deal of pending news due in the next couple of months!

Indeed! There are surely some very nervous traders out there right now, and you can see it, especially over the past week's movements in the sp. If we don't get the long awaited Havieron MRE update next Friday, 11th from Newcrest. in their Resources & Ore Reserves Report, we can expect one again from Greatland, third party reviewed. Don't forget that the last one we did was within a whisker of the slightly later Newcrest update, so very accurate indeed.

Many thanks!

13:45 PM AWST = 06:45 AM BST

"...Mining companies are also going in roundabout ways to increase their exposure to copper, engaging in M&A ventures that seemingly target other commodities. An example is Newmont Corp.'s gold-focused takeover of Newcrest Mining Ltd., announced in February 2023; analysis from the Mine Economics team shows that the acquisition of Newcrest's copper reserves and resources would result in an average fourfold increase in Newmont's copper production until 2027..."

https://www.spglobal.com/marketintelligence/en/news-insights/research/copper-ma-2022-metrics-peak-on-green-energy-push

Don't forget the copper!

"Other regulatory approvals to be secured for Newmont’s proposed acquisition of Newcrest include the Australian Competition and Consumer Commission (ACCC), the Australia Foreign Investment Review Board (FIRB), the Japan Fair Trade Commission (JFTC), the Philippine Competition Commission (PCC), and the Korea Fair Trade Commission (KFTC). Newmont and Newcrest also continue engaging with the PNG Government and regulators about other approvals and clearances for the proposed transaction."

Another tick in the M&A box...

"Newmont Corporation today announced that Papua New Guinea’s (PNG) Independent Consumer & Competition Commission (ICCC) granted clearance for the Company to proceed with its proposed acquisition of Newcrest Mining Limited. Newmont, in consultation with Newcrest, has also determined that no premerger notification under the Hart Scott-Rodino Act will be required in the United States for the transaction to move forward.

Newmont continues advancing other regulatory approvals and expects to close the transaction in the fourth quarter of this year. Last month, the Canadian Competition Bureau issued a “no action” letter clearing the proposed acquisition...."

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1101-nyse/nem/145865-newmont-announces-png-competition-commission-clearance-for-acquisition-of-newcrest.html

IMHO August would be pushing it. I'd say 6-8 weeks from end of drilling, so sometime in September would be my best estimate. That's what I posted a few days ago. Don't forget that results until relatively recently were taking 3 months or more.

@ Bamps "No company in their right mind would pass this opportunity up to retrieve high grade ore from the start and then progress to other plans from there."

Absolutely!! That's clearly been the plan from the start, and why in a million years would it be any different now?!!

Sandeep Biswas: "...but the focus is get those high grade tonnes from the crescent zone into Telfer, as soon as we possibly can, while we're working on what the entire deposit looks like. It's really exciting. It's work in progress. Get the cash flowing as soon as you can. That's always my principle."

Shaun Day: "Havieron just continues to give, and that's all part of delivering, firstly, the start up mine, as the SE Crescent, tailor made for our balance sheet - Drive in, get into production, move that high grade ore through the mill and generate free cash flow, but then to re-invest into the broader Havieron opportunity. It's brilliant to work on an ore body like this."

@ selecta6 "Short to medium term, i feel we'll languish at this level. Very likely lower following the ASX listing."

I don't quite understand the logic there. With the ASX listing we'd be bringing in buyers, not sellers. Those Australian PI's and Insto's don't have shares, so they're not going to be selling, they're coming on to buy.

Why on earth would he even consider pulling investment from a company which is pretty much 100% invested in Australia through Greatland Pty Ltd.? What's more, Havieron will probably be one of the 'greenest' mining operations on the planet once it goes into production.

Thanks, as always, for taking the time to do this Dip!

ONGOING: Havieron MRE Update aside, how can anyone not be excited about the latest infill drilling, which continues to intersect high grade gold and copper mineralisation within the lower levels of the South East Crescent, with the results to be incorporated into the ongoing Feasibility Study!

As Shaun Day has stated very recently, "We continue to be very pleased with the ongoing progress of the Havieron development which has now surpassed a total of more than 2,400 metres. Our most recent drilling affirms the impressive widths and high grade nature of the South East Crescent. Particularly encouraging is confirmation of continuous mineralisation through the link zone which connects the South East Crescent with the Eastern Breccia. The Havieron team is focused on incorporating these impressive results into an optimised Feasibility Study."

Down, down deeper & down, with apologies to the Quo!

Any snoozers left out there?!

DYOR & GLA!

Thanks guys! Enjoy the rest of the weekend!

It's going to be a very interesting next couple of months, probably the most dynamic in our history, ever!

Hi MFU, firstly, thanks. On the drilling, up to the assay results, 18/19 months yes, but I was thinking more about the actual drilling timeframe and when that ended. Nevertheless, let's face it, it's some considerable time, and I'm certainly not clear exactly when they stopped, and it'll be interesting to see what they/we come up with, hopefully very shortly now, one way, or another!

I'm close on that zoros, but, not wanting to complicate things, I do also like to include the copper as well, as a gold equivalent.

It's been nearly 17 months now since the last Greatland Gold Havieron Mineral Resource Update of the 3rd March 2022, which was was based on a drill cut-off date of 2nd December 2021.

That means (with the recent ending of growth drilling at Havieron), we've subsequently had around 17 more months of drilling since that old cut-off date. That update increased the mineral resources to 5.5M oz Gold & 218kt Copper or 6.5M oz Gold Equivalent.

Therefore. IMHO, I'd expect, at least, 9-10M oz Gold Equivalent by the time of the next Havieron MRE update, expected in August.

Only time will tell...GLA!

@ Vapemonster, "I expect this to drop to the 2p mark next week if there is no RNS on the Heritage Survey and commencement of drilling"

Seriously?! Do you believe that the very recent rise, importantaly still essentially held, is about heritage and/or drilling at Red Setter?!

Newcrest Full Year Results are due on the 11th August, and that should also incorporate the latest Resources & Reserves Report. As previously, Shaun Day siad that he was happy alligning with that, and hopes that it does include the Havieron MRE update. If not, then it's likely that Greatland Gold will produce their own MRE update, again 3rd party reviewed, as last time.

Great to hear that assay times are coming down further, to around 2-3 weeks. Add to that the onsite core examination, packaging, trucking out & back, etc. and other logistics, it's most likely, IMHO, to be around 6-8 weeks. That means that, hopefully, both Scally & Paterson South results would be due sometime in September.