Key points from Shaun Day StockBox Podcast - 27th July

[DipSard]

Key points from Shaun Day StockBox Podcast - 27th July

https://www.youtube.com/watch?v=HlWKqz3 ... L&index=10


• Remarks on how well W.Australia is doing with covid in terms of lockdowns and infections during pandemic compared to rest of world and being close to key assets and having unfettered assets, very much BAU.
• Grew up in states in Oregon for a bit, mainly in Perth, WA and then went to Uni in W.A and then into consulting and banking firms, then into investment banks.
• More chat on career decisions going from banking to corporate and taking businesses into maturity.
• Experience in Biz Devt, financial modelling, funding, banking to support business growth.
• Much of his work linked to companies involved in last mining boom up to 2010’s
• Talks about moving to northern star and its diverse set of assets in. c a foundation asset, series of acquisitions based on financial discipline analysing competitive advantages and assessing true market value - £700m to around £10bn growth journey. Was there fairly early in growth journey from 2014.
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• Plans to repeat NS’s journey from 700m to £10bn and believes GGP has a better launch asset, already have 4.2 Moz ounces. Success at NS was multi-factorial and GGP has all ingredients available to replicate NS.

• Enjoys being part of operations, the exec team that builds value and the business, CEO role was logical next step in career. GH/CB did a remarkable job with exploration, time ot leverage and grow the platform, very attractive business to join.

• Plans on expansion of personnel, appointed HSE Mgr and CFO already

• Developing from being an explore with a fantastic exploration team to manager of assets (Hav), so in process of recruiting a mining engineer and additions to board.

• Given JV with NCM, no need for large team, just a core team to scrutinise, understand and contribute to all aspects of Hav with NCM.

• Team and board additions to help develop skills across exploration and production for future growth along managing and operating mines too.

• Australia is a prime jurisdiction, and there are other projects outside Hav in portfolio

• Paterson is Elephant country - Telfer, Hav and up to north of Paterson with Rio Tinto’s Winu. It is under cover, cover is your friend as most surface discoveries have been found. Modern tech allows us to find these under-explored underground discoveries and even another ½ or ¼ size Hav will provide tremendous shareholder value.
Ernest Giles (East of Kalgoorle - one of world’s great gold deposits) is on a similar archean greenstone belt east of Kal, largely under explored, no one has really punched through to underlying bedrock containing potential ore bodies.

• Aim to be disciplined managers of portfolio, will add meaningful sized deposits and current assets will be managed accordingly based on size and scale such as Tazmanian assets where a junior miner as a partner could do the work there as a partner. WA tenement licenses more potential for large scale discoveries for us to manage as higher quality assets with Hav type yields.

• GGP will do more exploration in next 12 months than in history so Shaun is backing them to keep exploring and uncover another asset through time, money and resources.

• Shaun’s previous experiences will be applied to GGP by looking to grow market cap, people and infrastructure, capabilities, systems, controls and organisational capabilities. Bring disciplined overview to business to understanding own mining assets and to augment with other opportunities in market to grow portfolio.

• Speed of investment at Hav is brilliant, NCM is a tier 1 partner using world class skills and speed such as 8 drill rigs exploring and defining the ore body and creating a mining ready decline to top of ore body. Hav is a world class launch asset.

• Having NCM managing Hav and with Telfer being a brownfield investment means we have 35 years of experience and resources, standing on the shoulders of giants and we can focus on expansion of portfolio too inc. the amount of resources and time.

• Key milestones/catalysts coming up
- PFS on Hav H2 2021
- Early dec - JORC update of Hav MRE inc. 12 months of drilling
- DFS on Hav in 2022
- By 2023 we’re potentially extracting ore and mining the project, optimisation studies and drilling program in parallel will continue to define and explore the ore body
- All augmented by continued exploration in the portfolio
- Market cap allows financial capacity to selectively add projects and exploration ground to upgrade portfolio
- Team in place that can really optimise value from these projects