https://www.miningweekly.com
Copper|Financial|Gold|Mining|PROJECT
Copper|Financial|Gold|Mining|PROJECT
copper|financial|gold|mining|project

Newcrest itching for higher holding in Havieron

4th March 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Triple listed gold miner Newcrest Mining on Friday said that it was in discussions with joint venture (JV) partner Greatland Gold to acquire an additional 5% interest in the Havieron project, in Western Australia.

The gold miner told shareholders that it was also reviewing a release by Greatland made earlier this week, in which it reported a 53% increase in total gold content at Havieron to 5.5-million ounces, and a 63% increase in the indicated mineral resource estimate, to 3.1-million ounces.

Greatland this week reported a total mineral resource estimate of 92-million tonnes for the Havieron deposit, at grades of 1.9 g/t gold and 0.24% copper, for 5.5-million ounces of gold and 218 000 t of copper.

Newcrest said on Friday that it had not reviewed or verified the analysis conducted by Greatland, but would issue an updated group mineral resource and reserve statement with its full year financial results, in June.

The revised mineral resource will be used in the Havieron feasibility study, which is on track for completion in the December quarter.

The Stage 1 prefeasibility study (PFS), which was completed last year, estimated a capital expenditure of A$529-million to develop the asset, which is expected to produce 160 000 oz/y of gold and 6 900 t/y of copper, over an initial mine life of nine years.

The completion of the PFS triggered Newcrest’s entitlement to an additional 10% interest in the Havieron JV, taking the miner’s share of the project to 70%.

Edited by Creamer Media Reporter

Comments

Showroom

Hanna Instruments Image
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
ESAB showroom image
ESAB South Africa

ESAB South Arica, the leading supplier of high-end welding and cutting products to the Southern African industrial market is based in...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (26/04/2024)
26th April 2024 By: Martin Creamer
Mining Weekly Editor Martin Creamer
Copper shares soar and green hydrogen goes digital
26th April 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.068 0.103s - 91pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: