Greatland Gold PLC (AIM:GGP, OTC:GRLGF) managing director Shaun Day takes Proactive's Stephen Gunnion through a December quarter update, including the latest on the company's Havieron project.
Day highlighted the ongoing efforts in depressurizing and dewatering the lower-contained aquifer at Havieron, emphasizing the importance of data collection for water management and ensuring a safe, secure process. He stressed the final stages of accessing the ore body, marking a crucial step in the project's progress.
Day also discussed the recent updated mineral resource estimate, boasting a significant growth of 29% to 8.4 million ounces. This consistent growth rate was noted as a remarkable achievement, with the indicated category, which can be converted into reserves, growing over 30%. He also pointed out the expansion of the ore body's depth, now reaching 1000 vertical meters, and over 70% of the added ounces found in the deeper sections of the ore body, reinforcing the continuity and quality of the deposit.
After Newmont Mining replaced Newcrest Mining as its joint-venture partner, Day expressed enthusiasm about the new partnership with Newmont, acknowledging its expertise and capacity as beneficial to the Havieron project.