Newcrest Mining has received regulatory and funding approval for the Havieron joint venture with Greatland Gold in Western Australia.
Keep up with the latest executive movements across the mining sector, including at Anglo American, AngloGold Ashanti, Greatland Gold and more.
Newcrest Mining and Greatland Gold are confident that the encouraging mineral resource for the Havieron joint venture project in Western Australia will allow the partners to fast-track development of the operation.
Newcrest Mining has entered a joint venture (JV) agreement with Greatland Gold for the Havieron project, 45 kilometres east of its Telfer gold mine in Western Australia’s Paterson Province.
Western Australia’s Pilbara is one of Australia’s top mining regions, with numerous Tier-1 iron ore operations based in the area. Now companies like Thor Mining and Kalamazoo Resources are hoping to build a golden future in the region.
Investors are rushing into gold stocks as the precious metal continues to hit new highs. The gold price is now above $2000 per ounce, for the first time ever, and it seems to have plenty more in the tank with forecasters tipping a rise to $US3000 ($4124) per ounce within a year.
Greatland Gold and Newcrest Mining have reached a land usage agreement with a prescribed Aboriginal body corporate for the Havieron joint venture project in Western Australia.
Western Australian nickel and gold explorer St George Mining has reported strong exploration results from the Paterson project in Western Australia.
Newcrest has qualified for 40 per cent interest in Havieron gold-copper project in the Paterson region of Western Australia.
St George Mining is adding further attention to the Paterson province in Western Australia, joining Rio Tinto and Newcrest Mining as companies searching for resources in the area.
Greatland Gold plans to take advantage of weakness in the junior resources sector by identifying and acquiring projects with Tier 1 potential beyond the Paterson region in Western Australia.
Newcrest Mining and Greatland Gold have agreed to a $US65 million farm-in to advance the Havieron copper-gold project in Western Australia.
Greatland Gold has generated even more interest in the Paterson Province in Western Australia after announcing exciting results from its latest round of drilling in the region.
Mining major Newmont has announced it is not going ahead with Greatland Gold’s Ernest Giles project due to a focus on other districts.