Key points from Proactive Results Interview - 09 Sept 2021

[DipSard]

Key points from Proactive Results Interview - 09 Sept 2021

https://www.youtube.com/watch?v=qmTPVI6 ... WL&index=1

*Drilling update on Hav
- Another outstanding set of results, really a continuation of growth drilling campaign
- More and more HG (High Grade) intercepts sitting outside existing resource, lots of confidence in growing resource and size of Hav
- Spectacular hits such as 133m at 7 grams plus copper in SE crescent that continues to prove good continuity at depth and consistent with the modelling being conducted on ore body
- Good grades in N.Breccia and continue to see HG corridor developing across the zonation
- More intercepts into the E.Breccia inc. another 200m intercept with a HG component
- Really encouraged with growth of ore body not just in HG SE Crescent but through the centre of the ore body in NW and the new area in the E.Breccia.
- Exciting times and the ore body is just going to continue to demand more drilling.

*Length of drill program?
- Focused on studies in parallel with the 8 rig drill program and will continue for all of next financial year, 12 months out ahead.
- Due to the size of Hav, we will be drilling for multiple years just to understand full potential (during development/production etc.)
- Hav will keep getting bigger and bigger, it’s a world class ore body.

*PFS delivery and content?
- Due in 2nd half of 2021, well advanced and based on point of time with cut off of drills for 1st of March 2021, so all drilling for the last 6 months is upside on top of what is captured in the study.
- Principally around supporting the ‘fast start’ justifying the decline and expenditure towards Hav development in conjunction with NCM.
- Will correlate towards getting ounces through the mill quicker and a quicker path to free cash flow.

*Is world class Hav a game changer for GGP?
- Very much our flagship asset, already been transformational and as we continue to drill it should be a very rich period for catalysts for creating more value as we further understand the SE Crescent zone as it expands and we wrap some financial and mining metrics around it.
- As will the NW corridor as it grows in size and higher grade too, also being a good catalyst for value and it opens up a second mining front.
- E.Breccia with 300m intercepts provides more exciting upside sitting inside an already world class ore body.
- Such is its volume and quality that it will take multiple years to understand the extent.

*Purpose behind corporate level changes such as onboarding industry veteran Paul Hallam as a NED and the Technical Advisory committee?
- All part of transition from explorer to successful underground Australian Miner
- Continue to invest in ore body, drill bit and people to create a team to understand, develop and contribute towards Hav being a success for GGP shareholders
- Paul Hallam well regarded in the industry, has experience at Telfer, his leadership skills and technical contribution will be a real asset to board.
- Tech Advisory committee built up internally and augmented with additional resources, peer reviews and perspectives that all help along with retaining the insights of consultants orbiting the company and formalising them as part of the team.
- Will help to signal the maturing capabilities within GGP to deliver Hav on time and on budget to the market and gain increasing confidence of this.