Site status:
The Havieron Underground Mine Project (Havieron Project) is a greenfield gold-copper deposit located approximately 45 km east of the Telfer, originally commenced in 2020 as a joint venture between Newcrest Operations Ltd and Greatland Pty Ltd.
In November 2023, Newmont purchased Newcrest Mining Ltd and in so doing acquired Newcrest Operations. Newmont holds a 70% interest in the Havieron JV arrangement with 30% held by Greatland. Greatland announced on 10 September 2024 that it had entered into a binding agreement with Newmont to acquire, subject to certain conditions being satisfied, Newmont’s 70% ownership interest in the Havieron gold-copper project, 100% ownership of the Telfer gold-copper mine, and other related assets in the Paterson region.
The sale to Greatland Resources Pty Ltd came into effect on 4 December 2024.
The development of the Havieron Project to date has involved exploration and early works (Stage 1) activities. Stage 1 commenced in December 2020 with more exploration work completed during the 2022 and 2023 reporting periods. In November 2023, whilst under Newmont control, development activities were paused whilst Newmont re-evaluated its captial expenditure prgramme. This pause continued has continued with Greatland, whilst the approvals under the Federal EPBC Act and Part IV of the WA EP Act are being sought.
The Havieron Feasibility Study is progressing and remains on target for a December quarter 2025 release to market. The Havieron project includes 131 Mt in Resource (Figure 3) and the Reserve will be updated with the Feasibility Study to support a multi-decade operation. The Havieron LOM plan will be integrated with the Telfer LOM plan by 2H FY2026.
Exploration:
Exploration activities at the Havieron Project are managed in accordance with the Department of Energy, Industry Regulation and Safety (DEMIRS) Programme of Works (PoW) conditions and established Environmental Management Plans (EMPs) and procedures applicable to the Havieron Project.
No new exploration activities have occurred during this reporting period.
Rehabilitation
A progressive rehabilitation strategy has been implemented for exploration activities, with rehabilation of 1.14 Ha of disturbance to close out PoW 97596 and 0.99 Ha of disturbance to close out PoW 98238.
No rehabilitation trials have progressed during the reporting period as landforms at the rehabilitation stage were not available. The next opportunity to undertake rehabilitation trials will require the completion of Stage 1 mining.
Progress towards Mine Closure
The stage 1 Mine Closure Plan has been approved for the Project. A revised Mining Proposal for Stage 1 (Rev 4) has also been approved and it includes closure plans for this stage.
Summary of future works over the next 12 months
During the next reporting period (2025/2026), Greatland will begin ramping up the workforce in preparation for receipt of the primary approvals. The Havieron Stage 2 Mining Development and Closure Plan submission will be sent to DMPE for assessment and will include:
Infrastruture corridor linking Havieron to Telfer, where the ore will be processed;
Waste Rock Dump 2;
Second box cut and decline;
Paste plant; and
New camp.
Items already approved under the Stage 1 Mining Proposal that are not yet complete will continue, including:
Construction and operation of additional Evaporation Ponds 4 – 6 and associated infrastructure.
Recommencement of aquifer depressurisation and mine development to 420mRL (completion of works under Mining Proposal Stage 1 Reg ID 121684). Recommencement dependent upon completion and commissioning of Ponds 4 – 6.
Covering of existing box cut portal to control water inflow to the undergound workings from the surface. Waste rock from WRL will be used to cap the portal to surface level.