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Shaun Day, Greatland Resources Managing Director and Rowan Krasnow, Chief Development Officer from Greatland Resources (ASX:GGP, AIM:GGP) are in the UK to meet retail and institutional investors. We caught up with Shaun on the December live Town Hall webinar hosted by Ticker TV and put lots of your excellent questions to him, ranging from strategy going forward, production at Telfer, development at Havieron and exploration – including Callaghan’s Tungsten and Ernest Giles. The Havieron Feasibility Study has recently been released, and Shaun said: “What we are really delivering is a project you’d normally see in a major. Havieron is the second largest gold project in Australia and Telfer the third largest, coupled with the third largest processing plant in Australia.” At 17 years, Havieron has the third longest underground mine life in Australia, and with lowest quartile costs ‘it really is a quite unique asset’. The AUS $1.65 billion capex costs for Havieron development are fully funded, with AUS $750 million cash in the bank probably earning around 4% interest currently. An unusually long 7 year revolving low cost corporate debt facility for AUS $500 million has also been made available to Greatland from Tier One mine lending banks. With thanks to Shaun as always for making time for the online Town Hall Q&A. Donald Leggatt from Ticker TV/Copia Digital caught up with the Greatland Gold MD here.
