Just general stuff, but Greatland Gold 1/2 yr report now...

Just general stuff, but Greatland Gold 1/2 yr report now out.

Certainly not bagging them, but still might have problems on that last Aquifer.

We need all our neighbours to be strong and in healthy positions for all of us to benefit

"In October 2023, Greatland announced a pause in development of the main access decline prior to development through the lower confined aquifer (LCA) which is the final of three aquifers before the decline reaches the top of the Havieron orebody, to allow depressurisation and dewatering of the aquifer and additional water management data collection and evaluation. The pause commenced in the December 2023 quarter and depressurisation activities were expanded, with six depressurisation holes now drilled into the LCA and pumping water to evaporation facilities at the surface. Data collection and evaluation is continuing in parallel to increase confidence in water management from the LCA and determine the timing of any additional water management infrastructure required at surface.

Preparation of the Feasibility Study continued throughout the period, with several value enhancing options to maximise value and further derisk the project continuing to be assessed by the study work."


Cash more than halved to A$25m at Dec, think they may need to dip into the Wyloo funding soon A$50m , but that matures in Dec 2024.

The letter of support from the banks A$220m, needs the feasibility study to be completed (last Qtr?) and a decision to mine before being accessed, and originally hedging & the debt to Newmont A$80m to be paid from the new funds.

On top of all that, no doubt trying to buy the other 70% of Havieron and the Telfer plant, getting very complicated.


So i thought i would whack in a graphic from Greatlands presentation, a picture tells a thousand words again.





RED line roughly depicts Greatlands 30% of Havieron against our 100% Minyari

Happy to be an AZY shareholder

PS. Greatland do have a webinar coming up, could be interesting, but don't think they can talk about the Newmont situation, but hopefully something on when the can progress the decline and first ore