Highlights from Sunday Roast Podcast - 15 OCT 2023

[DipSard]

Highlights from Sunday Roast Podcast - 15 OCT 2023

Interview Link:
38 minutes,45 seconds in for Shaun
https://audioboom.com/posts/8384611-sun ... y-ceo-of-g

GGP RNS’s:
https://greatlandgold.com/investors/regulatory-news/

- Denver God Forum and London Roadshow feedback is that GGP gained more institutional engagement and meetings and feels GGP gaining traction as story continues to mature
- Outlook for GGP shareholders with Newmont/Newcrest deal being almost finalised is positive as once they take over on 6th November it puts stability back into the JV as has mostly had caretaker management during this acquisition period
- Newmont as a partner is fantastic as one of the largest mining companies (largest gold mining company) in the world holding 10 of the 15 largest gold mining projects globally either as sole owner or in partnership, circa $60bn USD platform
- Tremendous to have that organisational capability partnering with GGP and should create opportunities for option value for shareholders, really pleased with outcome
- In terms of Newmont’s plans for Havieron as in part of its divestment plans or not and next 6 months for GGP, hard for Shaun to be sure of what they might do. They’ll probably want to settle in as new owners of NCM and understand the asset.
- However, they’ve also had 10 months understanding and conducting a high amount of Due Diligence and research into NCM’s portfolio and understands why they might fall in love with the asset, given it’s a beautiful ore body in a tier 1 jurisdiction with a lot of development already completed
- From a tonnage POV or size it doesn’t probably sit in that global top 10 asset creating an interesting overlay, even if it fitted into a 20bn USD Newcrest, less obvious how it fits into a 60bn USD Newmont so tome will tell
- Feels GGP have a good relationship with them and well placed to act on any potential opportunity for sole ownership with the BOD, team and shareholder base in place
- Expectations in short term are continued focus in getting that decline down to the lower aquifer and making sure to dewater and depressurise that so can punch through to the top of the ore body
- Expect to get to top of ore body in June 2024 in 9 months time, got through the top and middle aquifer and still need to get through lower aquifer to then set up stoping levels for mining
- Reiterates process to set up for mining once ore body reached to set up various levels and commence production and in PFS that was estimated to take around 3 quarters via a series of milestones such as top of ore body, first ore, gold doré
- In terms of effects on the project from the Newmont deal, been interesting as understanding is most of the NCM senior team will not be retained so probably been a difficult period for their teams, but the mining contractor continues to make progress albeit the usual technical challenges and seen differing levels/speed of progress due to the aquifers
- Feel very confident about the new team coming into the JV and sets GGP up for success in the medium to long term
- In terms of Newmont’s previous JV with GGP where they exited in 2018 on Ernest Giles, they had a period of exclusivity and despite their team falling in love with EG it ultimately didn’t get global support (corporate HQ) and suspects it was partly due to lack of land access and other factors as such that are now secured by GGP
- In terms of Newmont deciding to divest Havieron, currently focused on a successful JV with them but if they decide to include Havieron in their stated plans for making >2bn USD of divestments (although somewhat doubtful that Havieron does fall into that) it would be an amazing opportunity
- As the existing incumbent JV partner and with the rights held under the JVA, it would give GGP a huge opportunity to benefit from that and Shareholders should have confidence that there is a team and BOD built to do that and some of the shareholders such as the largest Wyloo Metals give the strategic capability to do that as well
- Rio Tinto JV hugely expanded footprint across the Paterson, have access to Ernest Giles and should soon be able to drill and Yannarie applications should add more very high-quality tenements of the same level of quality as these two and will continue to add and remove tenements over time to improve the portfolio
- Wyloo’s standby loan facility gives market confidence of liquidity being available in a non-dilutive manner

Download Link
https://www.mediafire.com/file/4eewsf6r ... 3.pdf/file