Sandeep Biswas 2 years ago...21 Sep 2022 09:50
There have been many mentions of Sandeep Biswas and his possible reasons for his language used over the past year, or so, on Havieron.
Thanks to pr0t0n on the other site for reminding us of Sandeep Biswas's comments on Havieron 2 years ago...Since then just about every drill result has shown the valuable mineralisation to be deeper, wider & longer than at that time, as well as there being a significantly higher chance of bulk mining too...
Unidentified Analyst
Good morning, Sandeep. Just two questions on Havieron. So the market people are underestimating the material impact of Havieron being a world-class plant and against the economics of cave mining?
Sandeep Biswas
We've - I mean that's a tough one, and I wouldn't like to comment when they're under or overestimating. But what I will say is that - and you've seen in the drill results, and we continue to be excited by the potential of it because, not just because of the high-grade crescent zone that we've talked about, and that's starting to take some good shape and is open to depth, and we're now drilling deeper down to see how deep and continuous it goes.
But what - and I've reported on this before. What has surprised us is that the breccia material that the crescent zone sits in between, well, that is mineralized quite extensively in there, determining how extensive that is, which really opens up the possibility of - in addition to any high-grade mining that you do of the crescent zone, does this also transform into a bulk mining option further in the future.
And it's - and that has the potential to change the way we look at Havieron where we initially thought it was going to be just a high-grade mine with open stoping or maybe even some sub-level type gaping into a much bigger block caving scenario. But yeah, that's all to be determined. It's all conceptual right now. But as we do more and more drilling, if it continues at the rate it's going, it's looking very good.
Unidentified Analyst
Yes, good. Thanks. Thanks. Great presentation. Just a quick question, basically, so you've got your flagship assets, Lihir and Cadia. Just kind of thinking about your future plans with regards to sort of organic growth opportunity such as, Red Chris and Havieron. And whether you see these two projects stand-alone, as being just as big, as the Lihir and Cadia, especially the grades we're seeing at Havieron, on at the moment? Thanks.
Sandeep Biswas
In terms of Havieron, look, it's still work in progress. But if it goes along the lines that I said, which is it becomes a high grade supplement to that Telfer that currently is going through or even stand-alone, at the sort of grades that we see.
But if that can be backed up with a bulk mining option in the break-in material and what have you, well, Telfer may go back to becoming a Tier 1 operation. Hard to say right now, but you've seen the drill results. It's quite encouraging.
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