Newcrest hunting for the next Havieron
KALGOORLIE (miningweekly.com) – Gold major Newcrest Mining has used the Diggers & Dealers conference, in Kalgoorlie, to hunt for new exploration opportunities.
Speaking on the first day of the conference, GM for exploration Fraser MacCorquodale said that the company was looking for more gold opportunities in Australia and was using the conference to hunt for potential partners.
“Exploration is a team sport, it’s not just something that one company can do on its own,” MacCorquodale said, noting that Newcrest would bring more than 40 years of exploration experience to a partnership and could offer a flexible approach in terms of transaction structure.
He also noted that the gold miner was agile and was able to quickly complete a transaction and start exploration.
MacCorquodale said that Newcrest was hoping to joint venture (JV) on the next potential Havieron, a current JV with Greatland Gold, in which Newcrest currently holds a 70% interest. The company is expected to take a decision shortly on acquiring a further 5% interest in Havieron for A$60-million.
A previously completed prefeasibility study (PFS) estimated that the project would require a capital investment of A$529-million and could produce 160 000 oz/y of gold and 6 900 t/y of copper, over an initial mine life of nine years.
The PFS estimated an internal rate of return of 16% and a net present value of A$304-million, with a pay-back period of four years from first commercial production.
Comments
The
functionality
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation