leadf
logo-loader
viewNewcrest Mining Limited

Newcrest updates on progress at Havieron, held in joint venture with Greatland Gold

Analysts have estimated that Havieron could contain as much as five million ounces of gold

Newcrest Mining Limited -

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."

 

Quick facts: Newcrest Mining Limited

Price: 26.93 AUD

ASX:NCM
Market: ASX
Market Cap: $21.99 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Swift Media CEO says big opportunities in aged care will drive its future growth

Swift Media Ltd's (ASX:SW1) chief executive Pippa Leary tells Proactive's Andrew Scott they're a specialist technology firm supplying entertainment and communication systems that connect and engage isolated communities. ''We do a lot of work with residential aged care but more recently we've...

9 hours, 32 minutes ago

2 min read