(NewsDirect)
Greatland Gold PLC managing director ShaunDay described the March quarter as highly successful for its Havierongold project, marked by significant achievements and a solidpartnership with Newmont. This quarter was the first full period sinceNewmont took over operations in late December.
In an interview with Proactive'sStephen Gunnion, Day highlighted the effective water managementstrategies for the lower-contained aquifer, which revealed lower flowrates than expected, easing management efforts. This has been madepossible by additional drilling, enhancing the company’sunderstanding of water flows and geological formations, which couldshorten the path to the oil body.
Day also praised the working relationship with Newmont'sAustralian team, attributing much of the quarter's success to thiscollaboration. He noted the benefits of working with a global major,such as proactive resource ordering, which has kept operations aheadof schedule.
Regarding futureplans, Day addressed Newmont's intention to divest its 70% jointventure interest in Havieron, viewing it as a potential opportunityfor Greatland Gold. Despite the possibility of Newmont's exit, Dayexpressed confidence in Greatland Gold’s capacity to manage anddevelop its assets, suggesting a strong future for the company and itsshareholders.
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