RE: Notes from LSE Webinar - 21 Mar 202223 Mar 2022 10:00
My personal favorite comments were about Scallywag, and I wondered if SD was dropping a slight hint (?):
* Plans for Scallywag this year given its proximity to Telfer and Hav?
- Plan to drill there this year as best way to unlock value in SP is by having exploration success at one of our 100% owned tenements.
- Then could have a discussion with NCM about well do we bring this into the Hav JV or do we develop this ourselves.
- Thinks if we were to bring it into the JV then it would give an opportunity to revisit the JV from ‘First Principles’ to both GGP & NCM’s mutual benefit so it would be a tremendous opportunity for us to have.
* Have you found anything at Scally that indicates that you have something special there or still hoping?
- Got some really high-quality targets there, continue to drill and pleased with some of the intercepts we have there but equally we don’t go and pattern drill as we’re quite selective.
- Lots of reasons to feel buoyant about it but at the end of the day it’s about translating that optimism and opportunities into defined mineralisation.
I wonder if SD has been discussing this whole thing about bringing Scallywag into the J/V with SB?
Does anyone know, or did anyone maybe ask SD, if Newcrest still have first option on Scallywag now that the farm-in agreement is complete? (During the farm-in period, Newcrest had a first right of refusal over the remainder of our Paterson project (Black Hills, Paterson Range East and portions of the Havieron licence)).
I meant to put a question to SD on this in the Q&A, but didn't have a chance.