From PFS
“Havieron Feasibility Study
The Havieron Feasibility Study is estimated to be completed in the December 2022 Quarter and the study scope is expected to include:
§ Completion of a further infill drilling program by end CY21 to increase the Indicated Mineral Resource base for potential Ore Reserve expansion
§ Completion of the growth drill program immediately below the Crescent Zone for potential Mineral Resource expansion
§ Further investigation and optimisation of the Sub-Level Open Stoping (SLOS) design and sequence, including using any new Indicated Mineral Resources converted from existing Inferred Mineral Resources through current and ongoing drilling that can support production rates of 3Mtpa or higher
§ Initial assessment of future development options with further resource growth in the Northern and Eastern Breccia including evaluation of lower cost bulk mining methods.”
Currently running at 14 months behind original thoughts from the PFS in October 2021.
Only 28 months ago.
Picking through those notes :-
Completion of a further infill drilling programme by end of CY21.
Well that didn’t happen, it was completed Dec 2022.
Why?
Because they found far more high grades within the sulphides and in the northern corridor resulting in further infill drilling to define the high grades.
Further investigation and investigation of the SLOS design.
This hasn’t been reported yet by NCM/NEM but has been started by Ggp.
This is a consequence of the orebody and trying to make a SLOS design to obtain more than 3mtpa.
The PFS had a 2mtpa plan on the sulphide area or footprint.
3mtpa needs a bigger area/ footprint.
The top 600m of the ore body is not big enough to have a SLOS design in a chequerboard layout.
To achieve this they need to add in the Northern corridor high grade pods.
This will involve a lot of design planning to achieve an optimum retrieval rate plus a safe working plan.
The delays are probably caused by not wanting to drop the top area in a bulk mine operation which would lead to the cover with 3 aquifers dropping into the mine causing water issues.
SLOS with backfilling will support the top levels, this will mean the whole of the top 600m being a SLOS operation.
I put my thoughts out on this sometime ago suggesting the SLOS will be extended into the northern corridor
The orebody growth and quality has outstripped initial thinking
.
Think big, think bigger, think even bigger.
That’s the cause to the delay in the FS.
The ore coming out is delayed due to the ground conditions in the aquifer.
Tier 1’s keep on giving