RE: Recent memory30 Mar 2021 16:21
February 11th 2021 - Sandeep Biswas:
"We look forward to bringing the Havieron Underground and the Red Chris Block Cave into production in the near future. They’re two absolutely fabulous, recently quiet additions to our portfolio and which have the potential to unlock the latent value of existing infrastructure, particularly at Telfer..."
"Havieron’s mineralization remains open outside of this initial resource estimate and this is exciting because it means there’s potential for our planned drilling activities to result in resource growth over time. We’ve now got four growth targets at the project currently and an additional 65,000 meters of growth drilling planned in the next six months."
"Having received the necessary regulatory and funding approvals, we’ve now started the key early works at Havieron, which is to construct the box cut and the exploration decline. Our goal remains to realize commercial production from Havieron within the next three years. Our pre-feasibility study for the project is well underway and we expect to release these findings later this calendar year."
"I think the near-term ounces with the decline in Cadia grade, I think has been the factor, which we are now working on with bringing ounces for at Lihir, obviously, which helps the group production, the record rights we’ve achieving at Cadia plus the expansion project, which we’re in the middle of. And then obviously fast-tracking Havieron to get the ounces supplemented at Telfer, but also the margin. Telfer is a low margin mine. The grade from Havieron has the potential to raise that margin significantly."
"And then over time as subject to drilling, if the Breccia material proves to be mineralized and some exciting intercept which we’re seeing, in a broader sense, that would open up the possibility of down the track, a bulk style mining operation, which would be able to much better utilize the whole milling -- a lot of the milling capacity at Telfer that sort of top-down mining method like an SLC or just I’ve been stopping would not feel. So high grade coming first with the potential of a larger operation, and by then the Telfer open pit would probably been exhausted by then, and then it’d be on Havieron."
"So I think, if we can keep the ounces and start increasing the margins through Havieron that’s the ideal outcome, of course."
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