RE: Shaun Day questions8 May 2025 19:56
The transcript of the Town Hall presentation just says how stoked Shaun Day is, and has always been, about Havieron! It's auto-generated, but you get the gist, for sure (I've tidied it up a bit, where obvious)...
"That just brings me to Havieron itself. Again, it's a just tremendous size asset, at really good relative grade. And then the ore body itself is extraordinary. Subvertical, which is beneficial. Gravity is your friend in underground mining. But I think ounces per vertical metre is one of the best rules of thumb. Anything approaching 4,000 ounces per vertical metre, I think, is extraordinarily good. This is close to 8,000 ounces per vertical metre, with the opportunity to continue to add ounces. So it's an extraordinary ore body! It's also compact. All of that ore is sitting within about a 600/650 metre strike length, and you can just see that first 21, or 20 years in that red zonation in the South East (SE) Crescent. That area is the existing mining focus, but you can see how blocky it is, how it holds together, big stopes 100-125,000 ton stopes, that's around 10 fold bigger than the average stope size in Australia which drives your low cost. We then haul this all back to the existing and known Telfer infrastructure, so it augments what we already have. And, importantly, we took it from a 2.8 million ton to 3 million ton Prefeasibility Study. We've now taken this and believe we can do 4 million tons, even a little bit more than 4 million tons a year, out of this Havieron underground, and we think that makes the combined Telfer/Havieron even better"
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