Sandeep Biswas 12 Months Ago - Newcrest Mining Full Year 202018 Aug 2021 11:18
Some of last years comments on Havieron by Sandeep Biswas....Let's be quite straight here, it's only got better, and considerably so since then. I'm sure that Sandeep Biswas will be even more pumped up this time. Roll on tomorrow!
"We have an existing pipeline of growth projects underway, which includes the commencement of declines at Havieron and Red Chris to help accelerate the realization of their value, as well as the further expansion of Cadia and the development of Wafi-Golpu."
"We continue to focus on improving the performance of the mine with an eye to bringing Havieron ore into the operation in the near future,..."
"Our successful equity raising in May and June funded the purchase of the Fruta del Norte financing facilities and bolstered the balance sheet to help fund our future growth options such as the declines at both Havieron and Red Chris."
"Our exploration results from Havieron continued to demonstrate the continuity of high-grade mineralization over an expanded mineralization footprint."
"These results signaled the very real potential for a renewal of our asset portfolio in the Paterson Province. The grades we're seeing at Havieron are unique for this region and we're excited to progress and accelerate our evaluation of this opportunity."
"...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."