Newcrest Mining Ltd (ASX:NCM) has updated investors on progress at the Havieron gold project in Australia, which it holds in partnership with Greatland Gold PLC (LON:GGP).
Newcrest’s chief executive Sandeep Biswas will present to a mining conference at the Bank of Montreal Global Metals and Mining Conference today.
The presentation provides an update on Newcrest's progress at Havieron and further details on studies currently underway. A copy is available here.
Newcrest now has eight drill rigs in operation at Havieron, up from six rigs previously. The company is also considering constructing an exploration decline at Havieron by end of calendar year 2020.
There may then be the potential to achieve commercial production within approximately 2-3 years from the commencement of decline.
"It is a very exciting time at Havieron as drilling accelerates to define the potential scale of the deposit and preliminary work begins to determine potential mining methods,” said Greatland’s chief executive Gervaise Heddle.
“We are very pleased by Newcrest's ongoing commitment and look forward to providing further updates on progress at Havieron."