Greatland Gold has released a development update for its Havieron copper-gold project in the Paterson province of Western Australia.
The project’s decline development has now exceeded 2030m, and its total development sits at 2824m.
There are 770m of development remaining before the decline reaches the base of the Permian cover and top of the Havieron orebody.
The decline is now approaching the lower confined aquifer, with about 280m of development remaining before it is intersected.
Havieron’s feasibility study is also continuing. It will incorporate the further hydrological drilling, data collection, and enhanced understanding of the lower confined aquifer (LCA) and water management requirements, as per Greatland Gold’s Havieron joint venture partner Newcrest’s request.
Other value enhancing workstreams will progress as part of the project’s feasibility study, which is expected to be completed by the September 2024 quarter.
“Havieron is an outstanding orebody which has been developed on an expedited basis in parallel with finalisation of the feasibility study,” Greatland Gold managing director Shaun Day said.
“Through this approach, production can be brought forward to enhance the value of the asset. At the same time, it is essential that we continue to set the project up for long-term success by optimising and de-risking the current development phase, while maintaining an accelerated pathway to production.”
The update comes as Greatland welcomes Newmont as its Havieron joint venture partner. Newmont is preparing to acquire Newcrest for $26.2 billion, with the scheme expected to be implemented on November 6.
“We view Newmont’s imminent involvement as our Havieron Joint Venture partner as a tremendous positive and look forward to working together to deliver the full potential of Havieron for all stakeholders,” Day said.
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