Oil, gas and mining

Greatland Gold says Mineral Resource Estimate for Havieron was highlight of December quarter



Greatland Gold managing director Shaun Day takes Proactive’s Stephen Gunnion through a December quarter update, including the latest on the company’s Havieron project.

Day highlighted the ongoing efforts in depressurizing and dewatering the lower-contained aquifer at Havieron, emphasizing the importance of data collection for water management and ensuring a safe, secure process. He stressed the final stages of accessing the ore body, marking a crucial step in the project’s progress.

Day also discussed the recent updated mineral resource estimate, boasting a significant growth of 29% to 8.4 million ounces. This consistent growth rate was noted as a remarkable achievement, with the indicated category, which can be converted into reserves, growing over 30%. He also pointed out the expansion of the ore body’s depth, now reaching 1000 vertical meters, and over 70% of the added ounces found in the deeper sections of the ore body, reinforcing the continuity and quality of the deposit.

After Newmont Mining replaced Newcrest Mining as its joint-venture partner, Day expressed enthusiasm about the new partnership with Newmont, acknowledging its expertise and capacity as beneficial to the Havieron project.

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