GGP Review of 2021 since Shaun Day Arrived :
January
The share price reached record levels after Newcrest Board approved Early Works funding for Havieron of $146m for 100% of the project.
20th Jan the first 3 holes of Scallywag were released not reaching market expectations the share price declined sharply.
These results however picked out anomalous pathfinder minerals and these indicated to a new target named Teach after results from an AEM survey.
The AEM survey also picked out numerous new targets around the area called Blackhills South, one target named Swan.
21st Jan saw the early construction works commence on the Box cut
28th Jan
Stunning drill results
5 drills reported intercepts over 100m in length between 2g/t and 3.6g/t plus copper between 0.27% and 0.6%.
Progress though was being hampered by bad weather and backlog in the assay lab for the core results.
February
Shaun Day commenced his appointment as CEO on the 8th
Van Eck increased their holding to nearer 6%
A new licence applied for at Canning containing the bulk of a magnetic bullseye anomaly next to a crustal fault similar to Havieron
Works programme agreed with Newcrest for early exploration works on the Juri joint venture with Newcrest
March
Drill results were slowed by bad weather and lab delays but still produce 3 intercepts over 100m long over 1.7g/t and up to 0.63% copper
2 licences were applied for at Ernest Giles, one of these was relinquished in 2020 containing the Wishbone target (nothing to do with the other company) which has had extensive survey work completed on it.
April
Final results from the Scallywag drilling campaign identified further pathfinder elements from the last 4 holes and Architeutis was identified as a new target.
The Juri exploration campaign gets going at Goliath .
End of April saw the latest drill results issued subdued by bad weather and lab delays with only 4 holes reported but 2 from the Northern breccia of over 100m intercepts above 1g/t plus copper between 0.11% and 0.22%. Copper values of 0.5% and 0.6% were found in those intercepts deeper down near the end of the hole.
May
Box cut nearly 90% complete
Shaun Day granted share options
The decline works commence
June
Drilling results still hampered by lab delays but saw the announcement of drill 133 with 85m @11g/t and 108.5m @1.7g/t a stunning result lower down in the SE crescent
July
8th Jul Appointment of CFO
20th Jul official opening of the Karlajarta Decline.
69m completed
Contractor moves to 24 hour working
Drilling results - lab delays with results building up
7 drills reported including 136W1 with 201m @0.45g/t
August
11th Aug Group Mining Engineer appointed Otto Richter
24th Aug
Drilling commences at 100% owned Scallywag licence
Barbossa West identified as a new target
September
1st September
Drilling results at Juri joint venture
Gold mineralisation encountered on the 1st 4 holes in the campaign
AEM now due to be carried out
9th September
Havieron drill results including another stunning result from the wedge drill at 133 of 133m @ 7g/t
And drill 141 extending the Eastern breccia
16th September
Acquired the Pascalle 100% owned tenement
Acquired the Taunton 100% owned licence and 2 more licence applications at Canning.
Tabletop 1 and 2 look very prospective bullseye features at Canning
October
7th October Notice of PFS release on the 12th
October 12th PFS released
“Outstanding economics delivered from just the first 14Mt of Havieron's South-East Crescent Zone”
“ Greatland forecasted to become the 2nd lowest cost gold company globally”
“ Starter Mine carries the full project capex and provides a launch pad for early cashflow and long-term growth”
“ Low upfront capital, Greatland share US$73m”
“ Outstanding low-cost operations, AISC US$643/oz2,4 with further opportunity to reduce”
“ Internal Rate of Return 27% (real IRR, after tax)”
“ Payback 3.0 yrs”
“High Grade 4.58g/t Au Eq”
“ 17% of revenues estimated to be generated from copper production”
“ Concurrent studies underway to assess production rates greater than 3Mtpa”
And on and on and on
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October 18th
Winner of the 2021 Commodity Discovery Award
October 19th
Juri jv advances to stage 2
“ Total investment could increase from A$3m to A$20m significantly expanding the exploration programme following a successful initial 2021 drill campaign”
“ This additional investment enables Greatland to expand and accelerate the 2022 Juri exploration programme without the need to self-fund this activity. Furthermore, this commitment is evidence of the strength of our relationship with Newcrest and our mutual belief in our partnership to undercover further deposits in the highly prospective Paterson region.”
28th October
Havieron Drilling update
“ Havieron continues to improve with the best gram-metre intercept to date at 120.4m @ 10.0g/t Au & 0.66% Cu (HAD117W6)”
November
3rd November “ Havieron lookalike targets identified in new Canning and Paterson South tenements”
“Two key targets with coincident bullseye magnetic and gravity features have been identified”
“Greatland will now prioritise these targets for follow-up exploration activity”
“ The Paterson South Target One comprises a strong gravity and near coincident magnetic anomaly”
“The Canning application Target Two comprises a strong coincident gravity and magnetic anomaly”
“Both targets are analogous to the magnetic and gravity anomaly associated with the Havieron gold-copper deposit, and follow-up exploration is warranted.”
Next steps are to confirm the historical gravity data and remodel the gravity and magnetic data, with the aim of targeting drill holes for one or both targets”
These look like Tabletop 1 and 2 very exciting prospects, potential tier ones in my view, great historical report with great graphics. All I can say here is looks very promising.
18th November
Proposed placing
19th November
Result of upside fundraise
“ Following strong demand in the bookbuild, the total gross proceeds from the Fundraise has increased from the minimum amount of approximately US$10 million to approximately US$16 million (£11.9 million). ”
December
1st December
“ the Company issued 82,000,000 new Ordinary Shares for a total consideration of £11,890,000.”
“ The Company's new issued share capital comprises 4,046,547,171 ordinary shares. ”
9th December
Drilling update
“ Potential for a significant upgrade of the Inferred Mineral Resource to an Indicated Mineral Resource”
“ Growth Drilling over 250m below the extent of the Mineral Resource continues to return high grade results”
“ All drill programmes now focused on growth including commencing testing of new additional geophysical targets 2km outside of the Havieron system (Havieron North and Zipa)”
“ The Havieron joint venture has now completed a total of 219,561m of drilling from 266 holes, with all the latest completed holes continuing to intersect mineralisation, and 19 reporting significant mineralisation”
Drill 86W4 our deepest hole
“ Drilling to test geophysical targets outside of the known Havieron system have commenced at Havieron North, and Zipa”
Decline advanced to 245m
Vent shaft due to start late December
Approvals for blind boring underway
21st December
“ Newcrest has issued a notice to Greatland informing it that Newcrest would like to begin the process under the joint venture agreement to seek to agree the option exercise price in the period to mid-February 2022.”
23rd December
Results of the Juri jv campaign
“ With Newcrest moving to Stage 2 funding of the Juri JV programme and Greatland continuing in the role as Manager, we are well positioned to integrate the new data into our models, refine our Juri JV targets and capitalise on this opportunity in 2022, delivering the potential to increase value for our shareholders."
28th December
The highlight “Brew with Bottle “ Bamps bamping again
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https://youtu.be/h4394_Qw3xU
Happy New Year everyone
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In the end, Truth prevails...
