Member Info for TimberTrader

Hi Cela24,

Thanks for your further post, but from that, and your earlier post, I suspect that you don't understand investments in mining companies and explorers, so probably best we leave it at that, and hope that you're successful elsewhere. TT

Hello Cela24,

If you're going to post something, please, at the very least, get your facts correct. I don't especially disagree that Red Setter drilling is a gamble, in terms of what's possible, but the Red Setter Project is situated 60km west of Havieron, not 10KM!

That said, with the increasingly positive drilling results in the Paterson province, overall, IMHO it's a good gamble! What's more, if you did some research, you'd find that the free float in WSBN is relatively small, and therefore, any positive assays from Red Setter would rocket the sp to significantly higher levels.

IMHO, even without Red Setter drilling assays, at this time, with the Red Setter tenement, the WSBN sp should be well over 9/10p already!

DYOR

I was wondering why the ARV sp was dropping off so much for the last week, down around 15% by yesterday. Funny that, when this information was only released today....Ho Hum! Those in the know and all that...

Antipa Minerals (AZY) finished the day up 24% on the ASX.

....."We are hopeful of having the rig on site and drilling at Red Setter before the end of May."

We're finally going drilling! Great news!

Absolutely!

SB, "...but the focus is get those high grade tonnes from the crescent zone into Telfer, as soon as we possibly can...Get the cash flowing as soon as you can. That's always my principle."

SD, "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..."

IMHO, with these increasing discoveries/MRE's in the Paterson province, I certainly wouldn't restrict any future based operations around Telfer alone.

With the increasingly positive results in the province, now from several mining/junior miners/explorers, et al, I'm pretty sure that, in the medium/long term, we'll see more facilities set up, and/or major consolidations/J/V set up in the area going forwards...Again, IMHO, if you snooze you'll lose!

DYOR & GLA!

The Paterson, the province that just keeps giving!

Even more good news from the region...Antipa Minerals have just announced a fantastic 250% increase to their Minyari Dome Project Mineral Resource estimate, which has risen to 1.8 million ounces of gold (up from 723,000 ounces).

Let's get drilling!

https://antipaminerals.com.au/upload/documents/investors/asx-announcements/220501221201_Minyari-WACAResourceUpdate-20220502.pdf

....

2014 - Ming Gold explored on E45/3598. Work included reinterpretation of the geophysical data (magnetics, gravityand EM) along with core inspection at Havieron. Due to significant depth of cover the Proterozoic basement was not reached for several targets and in other cases it is interpreted that the drilling potentially missed the anomalies.

2018 – Tenement E45/5276 acquired by Armada Mining, subsidiary of Artemis Resources. Armada completed low detection soil sampling (MMI and Ionic leach). Three deep diamond holes were drilled in the Nimitz Prospect only 2.5km to the east of Havieron area for a total of 3,012m. Drilling programmes are on-going.

https://wcsecure.weblink.com.au/pdf/ARV/02515438.pdf

Paterson Project

Majority of the exploration for gold was completed by Newcrest and its predecessor Newmont, within the area encompassing E45/2418, 45 km to the east of Telfer gold mine known locally as Anketell, commenced in 1986 and progressed in three main phases to 1996.

1986-1989: Originally part of Newmont’s Canning tenement group, surface geochemical sampling (mainly BLEG) and RAB and RC drilling were undertaken in the Anketell area following the recognition of a suite of distinctive and intriguing aeromagnetic anomalies. Results from this work were not encouraging and the tenements were surrendered.

1991-1992: New tenement coverage was obtained by Newcrest following detailed interpretation of the aeromagnetics and recognition that the earlier work had not, in fact, tested the magnetic anomalies because of thick Phanerozoic cover. Diamond drilling was used to test several of the anomalies, with mineralization of potential economic significance being intersected in two holes at the Havieron Prospect. Unfortunately, the Proterozoic-hosted mineralization is concealed beneath +400m of post-mineral cover, and no further work was done in this period.

1995: The project was again revived, with a programme of diamond drill testing of additional magnetic targets in the
northern parts of the Anketell area without success, and at the Havieron Prospect with only minor success.

1997: No exploration was undertaken on M45/605. The tenement was included in a package of Telfer tenements on offer for farm-out.

1998-2001: The Havieron tenement M45/605 was included as part of the Normandy/Newcrest Crofton JV. No further field
work was undertaken during this time and Normandy withdrew from the JV on 10" January, 2001. The Mining Lease
was subsequently surrendered by Newcrest Mining Limited on the 19" March, 2001.

2003: The area was reapplied for by Newcrest Mining Limited on the 43" May, 2002 and subsequently granted by DOIR on
May 8, 2003 as the Terringa Project (E45/2418) with an area of 19,600ha (196km’). The tenement has subsequently been
renamed Havieron to reflect the location of the original AMAG anomaly.

2004: Exploration conducted on E45/2418 comprised the drilling of one (1) diamond drillhole (HACO301) for a total of
717.9m — 102m of RC and 615.9m of core. A maximum intercept of 1m @ 180 ppb from 503m dhd was recorded.

2005: Nine core samples from HAC0301 were submitted to Mason Geoscience Pty Ltd for thin section petrological
analysis.

2006: An aeromagnetic survey was conducted across the entire tenement.

2007: No exploration conducted on surrendered ground.

2008: A 4 hole air core programme was carried out to test a aeromagnetic anomaly.

2013 – 2015, Potash exploration by Reward Minerals concluded that the area was not prospective for potash occurrences....

Yup, a late Friday rise often looks positive for the following week...

Drilling news SHOULD be imminent now!

DYOR & GLA

You're probably correct in your time frame for assay results for the Paterson, but, anyone investing in junior miners/exploration well knows that nothing ever happens quickly. The best mining investments I've ever had in my 40 years of investing have been from, essentially, getting in early, and, yes, waiting. That said, to sight Xtract Resources, whose Oz project at Bushranger is around 3,000 miles from Red Setter is somewhat incongruous, IMHO.

Hopefully, with the very limited free float in WSBN, any news about the scheduled drilling at Red Setter, should push the sp significantly higher, especially as we're now at what I'd consider a ludicrously low price anyway for what we have, even before any assays from the tenement.

A 12 month free membership of the GGP medium/long term investor club, because, after those 12 months, you'll have so much more available to spend, you'll pay significantly more to stay in the club!

12 letters...First letter 'M', last letter 'N'...

Good luck all! We know where this is really going!

Some reasonably chunky buys going through now...Followed by some chunky sells!

You really couldn't make it up!

You would hope so! Also stated that, "Top Drill Limited have been appointed as drilling contractor and with Western Australian borders having opened on 3 March, and the wet season coming to an end, will be in a position to confirm the start of drilling shortly."

Well, that was the 7th March, and, if you're going to use the word "shortly", then one would expect some more news imminently now!

Some further good news from the region is that Greatland Gold have had some fantastic new drill assay results from the growth drilling at Havieron, some step outs well outside the previous zones. This, taken together with all the ongoing other hits in the area, from other explorers, all adds to the probability of us hitting valuable mineralisation, IMHO.

Hopefully we'll get some positive drilling news for Red Setter, at least, in the next week, or so.

"These broad high-grade intersections are positive as they demonstrate the continued exploration potential of Havieron, believes the broker.

Meanwhile, there was no update on the progress of negotiations with partner Newcrest regarding the acquisition of an additional 5% of the project.

Newcrest has indicated that it should publish an updated resource and reserve for the project following its June year-end with a feasibility study still scheduled for completion by the end of 2022.

Berenberg has kept its 26p share price target and buy recommendation, which it says assumes that a further 12Moz is delineated outside of the PFS reserve."

https://www.proactiveinvestors.co.uk/companies/news/980878/greatland-gold-update-underlines-havieron-exploration-potential-says-berenberg-980878.html?utm_source=dlvr.it&utm_medium=twitter

Greatland Gold reveals high grade mineralised extensions across all tested target zones at the Havieron gold-copper project in western Australia...

https://miningdigital.com/supply-chain-and-operations/greatland-gold-reports-high-grades-at-havieron-project

As soon as I saw that this morning, having looked at the Havieron assays, I immediately thought "downplay", and I'm sure others did too!