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Greatland Gold PLC (LON:GGP) said further infill drilling results were "outstanding" at its Havieron project in Australia.

It intersected high-grade mineralisation and further improved grade distribution within the crescent zone. The drilling also returned the best ever result: 120.7m at 9.3g/t gold and 0.18% copper.

"At Havieron, additional mineralised zones were identified and further drilling returned the best intercept recorded to date," said chief executive Shaun Day. "This gives us great excitement for the significant, 65,000m growth drilling programme now underway."

That drilling programme is expected to be completed by the end of June, while a pre feasibility study for Havieron and an indicated resource estimate are anticipated at the latter part of the year.

In December, the AIM-listed company announced an initial inferred mineral resource estimate of 3.4 mln ounces of gold and 160,000 tonnes of copper from the project.

The exploration and development company released the update alongside its interim results which saw its pretax losses widen to £2.67mln from £2.62mln. Greatland said it is well financed with £5.9mln in cash as at the end of December 2020, allowing it to carry out its exploration programme across its key projects over the next 12 months.

https://www.proactiveinvestors.co.uk/companies/news/943326/greatland-gold-says-infill-drilling-results--outstanding-at-its-havieron-project-943326.html

Interesting sp this morning. Some 'reasonable' buys (in daily MATD terms!) of 100K+, with 10X buy to sell volume, which would normally take the sp c. 3-5% higher, but no move at all....

A mathematician, an accountant and an economist apply for the same job. The interviewer calls in the mathematician and asks: "What does two plus two equal?" The mathematician replies: "Four." The interviewer asks: "Four, exactly?" The mathematician looks at the interviewer incredulously and says: "Yes, four, exactly." Then the interviewer calls in the accountant and asks the same question. "What does two plus two equal?" The accountant says: "On average, four - give or take ten percent, but on average, four." Then the interviewer calls in the economist and poses the same question. "What does two plus two equal?" The economist gets up, locks the door, closes the shade, leans close to the interviewer and whispers: "What do you want it to equal?"

Did anyone else here actually live through the 2008 financial crisis?

If anyone looks back, as I did, before, during, and after the crisis, they'll see that 99.9% of economists/analysts were so wrong in their views, during the whole period, that a 5 year old, blindfold child, would have a better chance of forecasting the next month. let alone the next year, by attempting to pin the tail on a donkey!

DYOR & GLA!

@ DGR1980 "SB could be in a fair amount of trouble if hes made statements about 'every drill finds gold' and the next update doesn't confirm that"

Totally agree, BUT, IMHO I don't believe that it's even remotely possible. Get's hat, prepared to eat, but no worry whatsoever! ;-)

Not so sure that the POG is the driver here. I still believe that FOMO will be the driver over the next few days, before the next NCM Havieron assays.

I just can't see them being anything less than positive, especially after Sandeep Biswas's comments.

DYOR & GLA

+1

Takeover of Greatland Gold and all of it's assets, or a partial buy out?

IMHO, a 100% buyout of Havieron by NCM is inevitable in the next 12 months, or so. I don't believe that they'd want anything different, and would want total control going forwards.

As for a 100% takeover of Greatland Gold, then I'm not so sure. Much will depend on future drill assays from, especially, the Juri J/V, as well as other GGP tenements.

Live at 8.30 PM:

https://www.youtube.com/watch?v=kHqlUHxaSGE

Sorry if posted before....

2020 was an extraordinary year for the mining sector. Despite the challenges caused by the global COVID-19 pandemic, companies created unprecedented value for investors and supported their communities during difficult times.

Kitco’s ‘CEO of the Year’ awards honor excellence in two categories - Exploration and Development and Mining. With over 900 mining companies listed on the TSX Venture Exchange alone, it is an accomplishment to stand out.

There were eight nominees in the Exploration and Development category:

Adriatic Metals' Paul Cronin - Listed in the United Kingdom, Adriatic Metals (ASX:ADT) is advancing its Vareš Project in Bosnia & Herzegovina. The company recently announced a key permit for the high-grade silver project.

Chalice Mining's Alex Dorsch - Chalice Mining (ASX:CHN) is advancing its Julimar discovery, just outside Perth, Australia. The company had an astounding run, starting near 20 cents at the beginning of 2020 and finishing at over $4 by the end of the year.

Great Bear's Chris Taylor - Great Bear Resources (TSX-V:GBR) is advancing its flagship Dixie project in Red Lake, Ontario. The company says the project has the potential to be a tier-one discovery.

Greatland Gold's Gervaise Heddle - Greatland has four projects in Western Australia and two in Tasmania. In November, the company announced a farm-in agreement with Newcrest to develop Greatland's Havieron gold-copper deposit.

Integra Resources' George Salamis - In 2020, the company completed 16,000 meters of exploration and listed on the NYSE. Integra (TSX-V:ITR) is focused on the past-producing DeLamar Gold-Silver Project in Idaho, USA.

Orezone's Patrick G. Downey - In July, Orezone (TSX-V:ORE) received approval for an expanded mining permit for Bomboré in Burkina Faso.

Rupert Resources' James Withall - Rupert Resources (TSX-V:RUP) is targeting a multi-million ounce gold discovery in close proximity to a 100% owned permitted mill in Northern Finland. Silver Crest Metals' N. Eric Fier - In November, SilverCrest (TSX:SIL) announced a new high-grade discovery at Las Chispas located in Sonora, Mexico.

"Kitco's 'CEO of the Year' celebrates the accomplishments of leaders, executives, and their management teams behind the year's most outstanding mining initiatives and achievements. This annual awards program recognizes individuals and teams who set industry benchmarks for distinction," said Kitco's Media Director John Dourekas.

The winners will be announced live on Thursday, March 4, during a special live broadcast beginning at 3:30 p.m. ET, which can be seen on kitco.com and on our official YouTube channel youtube.com/kitconews.

https://www.kitco.com/news/2021-03-03/Kitco-s-CEO-of-the-Year-2020-Who-is-in-the-running.html

Sure, it doesn't always happen, but, with the latest Newcrest Havieron drilling assays due next week, we may well see some FOMO action over the next few days.

IMHO, after Sandeep Biswas stated a couple of days ago, "Now, with this Havieron discovery, every drill hole we put in there finds more gold", I can't see them being anything other than positive, yet again, extending the mineral resource further, whilst still being open in all directions.

After Gervaise Heddle almost ran out of superlatives with each set of results, it'll be interesting to hear which are very likely to be used by Shaun Day!

The next Scallywag assays could well crop up as well, anytime now, and whatever happens there, the sp is already well underpinned by Havieron alone.

Don't miss out!
DYOR & GLA

"Met up with a few of my mates at the weekend (socially distanced of course !)"

IMHO, End of really!

Newcrest Mining chief executive Sandeep Biswas has observed increasing market interest in the company’s copper assets, saying the base metal is a commodity of the future as much as gold.

Biswas, speaking at the BMO Global Metals and Mining Conference, credited the company’s business resilience to copper.

He said the commodity was key to strengthening the company’s portfolio as the two metals gave a perfect balance to Newcrest as a primary producer of gold....

....The company aims to add a reserve of 15 million ounces of gold equivalent in the next five years.

It also has plans to expand its greenfield discoveries, starting with the Havieron joint venture (JV) project with Greatland Gold in the Paterson Province of Western Australia.

“Havieron’s piqued our interest more in the Paterson Province. That’s a formation no one has come across,” Biswas said.

“It’s like you’re tripping over each other at Paterson at the moment.”

Newcrest’s presence in the Paterson Province is strengthened by its Wilki JV project with Antipa Minerals.

Both JV projects will potentially leverage on Newcrest’s Telfer infrastructure.

“(Both projects are) within trucking distance of Telfer, so we’ll see whether we can uncover another ‘Havieron’ and get that into the Telfer infrastructure. We’ve got 24 million tonnes of capacity at Telfer,” Biswas said.

https://www.australianmining.com.au/news/newcrest-credits-company-resilience-to-copper/

Can we assume that includes the one's we haven't been advised of yet?!!

Yes! What more do we really need to hear from SD than,

"Now, with this Havieron discovery, every drill hole we put in there finds more gold"

Newcrest Mining Limited (ASX: NCM) (TSX: NCM) (PNGX: NCM) is pleased to announce that it has renewed its unsecured bilateral bank lending facilities with its existing 13 bank lenders, extending the maturity dates.

Each bank has committed approximately US$154 million in facilities for an overall unchanged quantum of
US$2 billion on similar commercial terms for Newcrest.

The facilities have tenors of three or five years, the aggregate of which is as follows:

US$1,077 million of facilities maturing in FY24
US$923 million of facilities maturing in FY26
Newcrest’s bank lending facilities were undrawn at 31 December 2020 and the Company had US$1,744 million of cash on hand at this date. These bank lending facilities remain undrawn.

https://investingnews.com/news/australia-investing/newcrest-renews-its-bank-lending-facilities/

For anyone that missed it, or as a reminder to those that didn't, Paddy posted an excellent Tweet 4 weeks ago indicating the potential effect of Cu on the Telfer AISC:

https://twitter.com/paddygall1/status/1355451143611179012

Indeed, as did Gervaise Heddle in his last Proactive interview, "All of those three holes that I just mentioned, they've all got approximately 0.5% Copper n them and that's very valuable and I'd remind people the value of that Copper in the system in addition to the Gold grades we're seeing."

Sadly, it's the same old place at weekends, with a little bit of the usual weekly posts thrown in too!

Hello xxxx (insert name of 'clique' poster that probably, immediately, turns off serious new investors from posting)!
The sp will be **.**p tomorrow
It'll be blue at close today...
GLA & DYOR

A new research note from broker Hannam & Partners has spoke of “a year of major progress” at the Havieron Gold project which was originally discovered by Greatland Gold (LON:GGP), and which it now holds in joint venture with Newcrest Mining (ASX:NCM).

Hannam noted that at one point earlier this year, Greatland’s market capitalisation had exceeded the £1bn mark, a remarkable feat for a junior company that was counted among the microcaps just a few short years ago....

https://www.proactiveinvestors.co.uk/companies/news/942439/hannam--partners-raises-price-target-for-greatland-gold-to-301p-942439.html

It's little to do with the actual valuation, it's purely about timing in this case. The timing was wrong.

Let's leave it at that, and agree to disagree.

Have a good weekend! TT