https://www.miningweekly.com

Newcrest reports mineral resource at Havieron

10th December 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Newcrest Mining has reported an initial inferred mineral resource of 52-million tonnes, grading 2 g/t gold and 0.31% copper at its Havieron project, in Western Australia.

The project is estimated to contain some 3.4-million ounces of gold and 160 000 t of copper.

Newcrest in November this year reached its Stage 3 earn-in expenditure requirements, having spent $45-million on exploration, and is now entitled to earn an additional 20% interest in the JV, taking its overall share to 60%.

The company can take this stake to 70% by spending a total of $65-million and on completing a series of exploration and development milestones in a four-stage farm-in over a six-year period, which started in May last year.

In addition to continuing exploration work at Havieron, Newcrest is also conducting brownfield exploration at its Red Chris project, in Canada, and has entered into an exploration and farm-in joint venture (JV) agreement with Antipa Minerals over ground in the Paterson Province of Western Australia, known as the Wilki project.

The company is also undertaking exploration at the Juri JV with Greatland Gold, also in Western Australia, where it has been granted an initial 25% interest with the potential to earn up to a 75% stake in the project area by spending A$20-million over a five-year period.
 

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SafeQuip
SafeQuip

SafeQuip is a leading distributor and manufacturer of fire safety solutions, offering a comprehensive range of products designed to meet all...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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:0.057 0.804s - 128pq - 2rq
Subscribe Now