Greatland Gold shares jump on $235M funding for Havieron. miningnews
a four-stage $65 million farm-in agreement on the Havieron project, granting the latter the right earn a 70% interest. This partnership was expanded into a fully termed JV in 2020.
In December 2020, Newcrest announced an initial inferred mineral resource estimate for the Havieron project of 3.4 million oz. of gold and 160,000 tonnes of copper. A prefeasibility study delivered in the following year gave the project a post-tax net present value of A$706 million and 27% internal rate of return. The payback period is 3 years.
The Havieron property is located 45 km from Newcrest’s Telfer mine, which has the largest processing facility in the Paterson province and has sufficient capacity and capability to process other discoveries in this region.
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