HIGHLIGHTS from GGPHelp Interview with Liam - Part 2 - 09 June 2022

[DipSard]

HIGHLIGHTS from GGPHelp Interview with Liam - Part 2 - 09 June 2022
https://www.youtube.com/watch?v=TSER3ftyTcw

- The sequel was worth the wait… Tom Cruise may be a Maverick… but Liam is a Master at work
- Potentially closer to the end than the beginning of the 5% option exercise with Newcrest and expectations are it might be concluded prior to the Feasibility Study which is due from Oct to Dec 2022
- The independent GGP Resource and Reserve update was actioned to aid both the funding process and the option exercise to provide a point in time update of the value of Havieron
- GGP’s update displays that the value continues to grow and increase over the passage of time…. CAGR is the name of the game with a 50% increase in resource & 50% increase in reserves in the last 10 months of drilling and with 86% of the PFS resource converted into a reserve from the included sections of the SE Crescent…. it’s just oozing world class quality
- The decline increases in pace as ground conditions improve allowing longer cuts and first production ore is currently scheduled for early 2024 from the starter SLOS mine focused on the High-Grade SE Crescent which continues to grow and now officially… at 1000m of vertical depth
- And one wonders…. is that the extent…. surely not… not with this ore body!
- Additionally, two bulk mining opportunities are forming with a block cave centred around the Eastern Breccia and another potential block cave around the Northern Breccia zone
- 1 mine, 3 mining areas, a BEAST of an ore body
- Newcrest is developing Havieron tailor made for a mid-cap’s balance sheet such as Greatland by driving into and developing that SE Crescent to access that High Grade ore and generating cash flow to reinvest back into advancing the decline all the way to the bottom of the crescent
- And as they do this, opening up access to the additional mining areas with the infrastructure ready and in place when needed and additionally to enable exploration drilling which from depth will require much shorter lengths and result in quicker reporting cycles
- Once the planned 40,000m of growth drilling is completed in the next half of this year, there will be a substantial growth drilling program put in place for FY23
- The hotly anticipated Feasibility Study is expected to take the PFS’s 2Mtpa to 3Mtpa giving a 50% increase in mining rates and again the deeper you go, the longer the cuts and the more efficient the mining methodology
- The painful transition period from a junior is nearing an end, Shaun Double ‘O Day has a multi-faceted team in place for both funding completion and all aspects of the mining business and soon we’ll be able to refocus on the growth of the ore body and path to production
- Further regional exploration is planned too with shallow RC targets this month followed by Diamond Drilling in a couple of months and economical pre-collars to accelerate everything
- An exciting 6 months ahead and is it dawning yet……. the realisation that Havieron could well become one of the largest Gold / Copper mines in Australia?
- And what’s the burning question now, what still eats away at the GGP investors’ curiosity laden hearts…. a helping of base metals nestled amongst the Eastern Breccia perhaps or that Gap zone closing up?
- Perhaps they worry that Scientology’s most famous son enacts revenge on Liam for poaching his Box Office GOAT status?!
- No……what we all REALLY want the answer to is……. when’s the next instalment with Liam and Shaun!!!

Detailed Notes:
https://www.ggpchat.co.uk/viewtopic.php?t=95