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: 32.59 AUD

ASX:NCM
Market: ASX
Market Cap: $26.6 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

Watch

archTIS signs first defence industry contract with major player Northrop Grumman

archTIS (ASX: AR9) CEO Daniel Lai joined Proactive’s Steve Darling to discuss the company signing their first contract in the defence industry with Northrop Grumman. Lai discusses the contract and what is does the company as a whole. Lai also told Proactive about a key reseller contract...

1 day, 9 hours ago

2 min read