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Right now, money mortars, Jesus 
Christ, gold is going off it's 

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head of bed. 
Just it's been amazing. 

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I've been on the find of brokers
and everything flat out today 

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and we've finally got to the 
episode now the market's closed,

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but you gotta get in early with 
these gold companies. 

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So mate, she's all go and we're 
JC on the back of your 

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sensational, unrequested from 
yourself life of Valley GC in 

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the world of corporate finance. 
Yes. 

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Why not continue this trend and 
do apparently there is some 

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stuff about underground mining, 
et cetera that you would like to

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know? 
There is no so we're gonna 

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return the favour. 
I'm gonna reverse Uno you and 

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and I've got some questions 
about underground mining, which 

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you know, I've hear you're like 
you've said and a few like the 

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people we've had on the show to 
interview. 

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And and it's sort of, I kind of 
get it, but then also a lot of 

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it goes over my head and I 
imagine a lot of other money 

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miners are in the same position.
So I would love to just get back

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to basics and just to understand
actually what you used to do. 

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But then some of your expertise 
that can help people read 

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between the lines or get in the 
weeds a little bit when sort of 

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reading through company 
announcements, things like that 

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as well. 
Oh mate, in the and look, I'm 

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happy to assist and in the true 
honour of an underground 

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episode, it's brought to you by 
Quattro project engineering, the

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people that have invented most 
of the shit underground, the 

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mobile elevated work platform, 
the the fancy ones, the the 

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pasta version valves, the 
friggin the fan hanging systems 

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and have a look at this fly over
JC. 

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They even do bloody paste 
plants. 

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Look at the lake cat, the lake 
cow paste plant like wow, 

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absolute picture of beauty and 
mate, it's a holiday. 

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You can go on and get paid for 
it 'cause you could get paid for

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it as a Quattro employee. 
So if you love building shit, 

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designing shit and you're not a 
Dick head and you would like to 

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work for Quattro, right, Careers
at Quattro, hit them up. 

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Hit them up like absolute bunch 
of GCS run by Jeremy Palmer. 

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Just absolute legends. 
Who wouldn't want to work with 

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them? 
So, and we'll do a rapid fire of

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news at the end. 
Bit of bloody well mate. 

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I'm pumped up about gold at the 
moment. 

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This could be the. 
Starting to sound like me. 

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This could be the I think if you
take a couple of zeros off the 

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market caps that you invest in, 
that's where my focus is at the 

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moment. 
Oh, Jason. 

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Oh, we'll. 
Get to that. 

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So we're gonna go. 
Cheers to the. 

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Last, the last bloody. 
See Maddie, Michael, JV Oh, no, 

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they're very. 
Cute. 

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Oh, Speaking of bloody, yeah. 
Speaking of what would you say 

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it's been a bit of a farming JV,
right? 

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I'm just thinking of gold at the
moment, yeah. 

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It's been great fun, so I've. 
Had I've had a bloody belter. 

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It's been cool. 
Haven't been judged for anything

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I said. 
It's fucking. 

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Great. 
Oh, so let's let's get into it. 

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So we wanna go wanna go 
underground with you, Maddie. 

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So now you your old job, you're 
now, I know you actually were a 

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mining engineer to to start with
and then move to a jumbo 

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operator. 
I was told that my decorum would

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be more suited to the 
underground environment. 

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Politely. 
Politely, I love it. 

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Apparently dropping C bombs in 
the office wasn't cool and 

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punching computer screens wasn't
allowed. 

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I say so a a jumbo operator, a a
jumbo, what actually is it? 

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What and what is the purpose of 
it in an underground? 

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Mine. 
Oh. 

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So even after all this time, 
it's still a bit confusing what 

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I'm trying. 
To get the oh, I, I kind of, I 

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kind of understand, but just if 
we go back to basics, tell us 

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what is a jumbo? 
What is the purpose of it in an 

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underground mine? 
Well. 

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Why? 
Why Lucky? 

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There's some there's some videos
that look, mate, can't say, oh, 

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I took them because you're not 
allowed to take videos. 

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Some of them might have, but 
there's jumbo think horizontal 

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then like development, you think
horizontal production, you think

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vertically. 
That's the best way to explain 

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it. 
So like, think of this bloody 

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iPad as the as the ore body just
sitting there. 

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It's just this big vertical 
thing that's underground and 

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like you've got to the jump. 
The purpose of the Jumbo is to 

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develop all the drives, the 
tunnels that are going 

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horizontal and then you decline 
it gets you deeper. 

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And then when they talk 
production, that's when you you 

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get the rigs in to drill all the
vertical holes to, you know, 

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excavate in between the tunnels 
vertically. 

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So that's that's so the purpose 
of jumbo is development and it 

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does 3 bloody does a heap of 
things like the main things are 

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scaling, bolting and boring. 
So why not bloody take you? 

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I've got a I've got a picture of
1 here. 

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There's a bloody a Sandvik, one 
of the new flash Sandvik jumbos,

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twin boom jumbos. 
This is one picture looking out 

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of the cab bloody. 
There's your That's your two 

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booms. 
Those are the two arms. 

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Yeah, and that's like that's in 
an all drive at the moment, what

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you call, you know, but you 
think of it as a tunnel, but 

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they're called drives or 
headings, OK. 

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And that's the the end of it. 
So and that's all your ground 

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support on the they call it the 
backs, the walls and the backs. 

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What the top is called the 
backs. 

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Fun fact, it's because when the 
draw, it was real small back in 

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the day and you'd like crawl 
through like just to fit a 

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person in like your back was 
touching the top. 

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So that was called the back. 
Oh. 

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OK. 
And then the front was the face 

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because your face was hitting 
the front. 

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And then obviously then you got 
your walls and down the bottom. 

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So if you're standing like 
you're the bottom, if you leave 

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a lump on the floor, it's called
a toe because that's where your 

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toes were. 
There you go. 

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And then the row, the row of 
holes you drill just up, about 

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just up above the floor were 
called the knee holes. 

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That's where your knees were so.
Very, very literal. 

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And then and then bore the 
middle outs, the guts the 

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because you yeah. 
So that that's all that 

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terminologies like from back in 
the day. 

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So and. 
Then so. 

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Those and so the jumbo does all 
that. 

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So the jumbo like puts the 
ground support up, bores all the

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holes in the face, which you can
see here. 

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Here's a development face and 
you can see all those holes that

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are put in it. 
That's what the explosives go 

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into to take a, you know, 3 1/2 
to 4 1/2 metre chunk out, blow 

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it up. 
And then you gotta put the 

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ground sport in and you that's 
how you advance the underground.

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So I'll show you. 
This like for example, like 

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you'll use those booms, those 
arms to put the holes into the 

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face. 
Well, let let me explosives go 

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in there. 
Mate, I haven't. 

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I got some stuff for you, JC. 
Let's have a look. 

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Bloody. 
Yeah, for as I said, they do 

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scaling. 
That's one thing. 

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This is the argument between 
bloody North America and 

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Australia. 
Well, they have bolting rigs and

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then scaling rigs. 
And whereas in Australia the 

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whole thing about a jumbo, here 
you have a jumbo that can do 

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everything and an and an 
operator that can do everything.

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So this is an example of a jumbo
scaling, so you can see it 

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bloody just pretty much drilling
holes into the newly excavated 

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rock to drop all the loose shit 
off. 

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So that's like how you get all 
'cause that loose stuff will 

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fall on someone's head otherwise
or it'll bag up behind the mesh.

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So you tap it and with the 
drill, with all the percussion 

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00:07:36,360 --> 00:07:37,600
and force behind. 
It. 

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And that's it. 
And that's how you, and then 

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that's you use that to actually 
scale the face in front of you 

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to get all the loose shit off 
before you bore the holes in it 

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so it doesn't all fall on the 
frigging ground. 

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So you scale, then you put 
ground support, and then you you

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start to bore holes. 
So here's an example of the OK, 

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putting the ground support up. 
So that's, you know, you use one

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boom to lift the mesh up and 
then you jam it in and you 

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rotate it into position and then
you use the other boom to, you 

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00:08:06,000 --> 00:08:09,520
know, start drilling a hole. 
And so it's all like a big time 

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00:08:09,520 --> 00:08:11,840
in motion exercise. 
So you know, when you're 

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learning it, it's the freaking 
hardest thing in the world. 

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And then, you know, you start 
getting all right at it, but 

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then after, you know, 6 to 10 
years, you start really 

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perfecting the perfecting the 
art of it. 

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And that's why, you know, these 
people get bloody paid so much 

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to do it 'cause once you get 
really good at it, which is. 

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Just move. 
Quickly. 

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Well like it's like once I had 
six years on it so it took me 5 

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00:08:33,919 --> 00:08:37,480
years to figure out bloody slow 
down and stop on trying to be a 

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00:08:37,480 --> 00:08:40,760
bloody cowboy and a hero. 
So I had a good last year you'd 

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00:08:40,760 --> 00:08:43,400
say I was friggin pain in the 
ass for the 1st 5 on it. 

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00:08:44,280 --> 00:08:47,920
But then like if I if I stayed 
on it from that point I would 

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have started refining everything
and got like shaving seconds off

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every process and start really 
getting a lot. 

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00:08:54,920 --> 00:08:57,800
Getting your straps, Yeah. 
Really getting a lot done with 

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like what the real experienced 
and switched on followers do. 

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00:09:01,640 --> 00:09:04,920
I didn't really get to that get 
to that level as much as I 

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00:09:04,920 --> 00:09:06,320
probably thought I did at the 
time. 

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00:09:07,000 --> 00:09:09,080
So that's the that's the bolting
side. 

176
00:09:09,080 --> 00:09:13,840
And then then if you look at the
the boring side. 

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00:09:13,840 --> 00:09:15,760
So this is a speed up version or
found. 

178
00:09:16,800 --> 00:09:19,520
So that's both booms. 
Just drill and holes into the 

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face in a pattern to to blast it
out effectively. 

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00:09:23,800 --> 00:09:26,720
And you'll like drills the 
perimeter, which drills the 

181
00:09:26,720 --> 00:09:28,800
shape of it. 
And you've got to have your boom

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00:09:29,080 --> 00:09:32,040
angled correctly and going in 
the right direction to match 

183
00:09:32,040 --> 00:09:35,840
what the actual survey direction
of the drive is and the height 

184
00:09:35,840 --> 00:09:38,160
and the width. 
And then at the end there you'll

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00:09:38,160 --> 00:09:40,680
see them drill like it's called 
a burn. 

186
00:09:40,800 --> 00:09:43,680
They'll drill a closed in 
pattern and put these rimas in 

187
00:09:43,680 --> 00:09:47,080
with which are the initial void.
And then so chart the shop fires

188
00:09:47,080 --> 00:09:53,720
come in, fill it with explosives
and bloody sequence it so it 

189
00:09:53,720 --> 00:09:57,480
starts from the middle and fires
into the void and then makes the

190
00:09:57,480 --> 00:10:00,520
void bigger and keeps going till
you've excavated this whole 

191
00:10:00,560 --> 00:10:03,880
thing. 
So it's the technical side of it

192
00:10:03,880 --> 00:10:10,000
is trying to get the angles 
right and trying to, you know, 

193
00:10:10,040 --> 00:10:12,080
keep everything neat and tidy 
and and flowing. 

194
00:10:12,080 --> 00:10:14,360
But then you if you have 
multiple jumbos, you got 

195
00:10:14,360 --> 00:10:18,160
multiple operators with 
different experience levels and 

196
00:10:18,600 --> 00:10:22,120
the jumbo is the first is the 
thing that the whole mine 

197
00:10:22,120 --> 00:10:26,400
development follows and 'cause. 
You're literally at the 

198
00:10:26,400 --> 00:10:28,600
coalface. 
Cause the jump, you're the 

199
00:10:28,600 --> 00:10:32,080
jumbo's doing all that until 
that Jumbo's finished boring the

200
00:10:32,080 --> 00:10:34,400
holes charge up. 
Can't get in there to charge it 

201
00:10:35,280 --> 00:10:37,000
until that. 
Is when you say charging. 

202
00:10:37,360 --> 00:10:39,280
Shot fire, Explosives. 
Explosives. 

203
00:10:39,280 --> 00:10:42,320
Yeah, yeah. 
And it's and, and until the till

204
00:10:42,320 --> 00:10:46,040
the it's been blasted the bogger
like the bloody thing with the 

205
00:10:46,040 --> 00:10:48,960
bucket on the front that can't 
bog the dirt. 

206
00:10:49,320 --> 00:10:52,560
So and yeah. 
And so then the jumbo can't get 

207
00:10:52,560 --> 00:10:54,680
back in till the spot till the 
bog is finished. 

208
00:10:54,680 --> 00:10:58,640
And like the whole and it's all 
that's how when we talk about, 

209
00:10:59,520 --> 00:11:03,360
you know, trying to Bellevue and
Kathleen Valley and that trying 

210
00:11:03,360 --> 00:11:06,240
to target 300 odd metres per 
month per jumbo. 

211
00:11:06,640 --> 00:11:10,360
That number is dictated on how 
efficient that operator is on 

212
00:11:10,360 --> 00:11:14,600
the jumbo and every piece of 
machinery in person around them 

213
00:11:14,800 --> 00:11:20,280
trying to work for a 12 hour 
shift twice a day everyday and 

214
00:11:20,280 --> 00:11:23,560
all the management behind it to 
keep that whole process flowing 

215
00:11:23,880 --> 00:11:26,440
month on month to try and 
achieve those metrics. 

216
00:11:26,440 --> 00:11:31,760
So it's like we look at a number
on a quarterly at what it is 

217
00:11:32,480 --> 00:11:36,760
just like it's a simple number. 
But what goes into making that 

218
00:11:36,760 --> 00:11:40,360
happen like the service crew 
that provide all the the 

219
00:11:40,360 --> 00:11:44,520
ventilation and the water to 
keep the jumbo going, the the 

220
00:11:44,520 --> 00:11:48,880
sparkies that have to provide 
the power to the jumbo and keep 

221
00:11:48,880 --> 00:11:51,160
extending because as the mine 
grows, like you have to keep 

222
00:11:51,160 --> 00:11:55,640
extending it and like the pumps.
Are jumbo powered. 1000 Volt 

223
00:11:55,640 --> 00:11:59,160
electricity. 
So you drive it around on diesel

224
00:11:59,440 --> 00:12:02,880
and then all the power that's on
the surface like whether it's 

225
00:12:03,160 --> 00:12:07,880
usually diesel generators or gas
fired bloody power station with 

226
00:12:07,920 --> 00:12:14,400
renewable backup, like all that 
is fed via 11 KV bloody 

227
00:12:14,400 --> 00:12:19,000
electrical cables underground 
and then distributed into drop 

228
00:12:19,000 --> 00:12:21,800
down to goes into like 
substations which drop it down 

229
00:12:21,800 --> 00:12:24,680
to the 1000 Volt. 
And then that 1000 Volt power is

230
00:12:25,600 --> 00:12:28,840
in like orange cables 
distributed all through the mine

231
00:12:29,280 --> 00:12:31,560
to a jumbo box. 
And then you'll have an extent 

232
00:12:31,560 --> 00:12:34,000
could have an extension cable 
coming out and that's what the 

233
00:12:34,000 --> 00:12:37,840
jumbo plugs into. 
It's called the Macy plug and 

234
00:12:37,840 --> 00:12:41,280
that that is how so yeah. 
So we're powered on 240 Volt in 

235
00:12:41,320 --> 00:12:43,520
this office. 
Jumbos are powered on one, 

236
00:12:43,680 --> 00:12:46,160
everything underground is 
powered on 1000 volts. 

237
00:12:46,600 --> 00:12:49,480
Wow. 
So that's and he might then they

238
00:12:49,480 --> 00:12:54,560
can do like like cable bolts, 
for instance, like you can use a

239
00:12:54,560 --> 00:13:00,040
jumbo to normally it only drills
a you know, a three 2 1/2 meter 

240
00:13:00,040 --> 00:13:05,680
hole or whatever for your or 
2.8m hole for your bolting when 

241
00:13:05,680 --> 00:13:07,760
you're bolting. 
Or you can open it up to drill a

242
00:13:08,280 --> 00:13:10,960
four and a half metre hole for 
boring. 

243
00:13:11,320 --> 00:13:15,920
You have the longer jumbos like 
they can drill 6 metre holes in 

244
00:13:15,920 --> 00:13:17,680
one go. 
Like yeah, right, fix boring 

245
00:13:17,680 --> 00:13:19,120
things. 
But you can actually like drill 

246
00:13:19,120 --> 00:13:22,800
cable bolt holes with them, like
use them as a production rig and

247
00:13:22,800 --> 00:13:25,360
I'll show you, I'll show you. 
Bloody is a bloody cool. 

248
00:13:26,240 --> 00:13:30,440
Whoever whoever doing was doing 
this was a bloody bit of a Mad 

249
00:13:30,440 --> 00:13:34,520
Dog. 
Don't know it was, but like you 

250
00:13:34,520 --> 00:13:40,840
can actually, you can actually, 
you know, drill 6m holes, like 

251
00:13:41,640 --> 00:13:45,640
3M hole twice with a jumbo and 
attach a second rod onto it. 

252
00:13:45,640 --> 00:13:47,920
And that's how they drill the 
intersection cables. 

253
00:13:47,920 --> 00:13:50,680
So it's like a 6m hole. 
And this one here they're 

254
00:13:50,680 --> 00:13:55,720
actually using the one boom to 
drill through the other boom and

255
00:13:55,720 --> 00:13:58,280
then like swapping the rod. 
So you'll see it here, the pace 

256
00:13:58,280 --> 00:14:02,080
it normally goes, I've speed it 
up just to shout and then you 

257
00:14:02,080 --> 00:14:04,360
can, yeah. 
So they're like, you can do so 

258
00:14:04,360 --> 00:14:08,600
many funky things with them. 
And yeah. 

259
00:14:08,600 --> 00:14:13,280
They're quite multi purposes. 
You sort of got one bit of kit, 

260
00:14:13,280 --> 00:14:16,120
or what would you call it, kit 
or is it a machine? 

261
00:14:16,160 --> 00:14:18,120
No, it's just a big bloody yeah,
it's a machine. 

262
00:14:18,280 --> 00:14:19,680
It is a. 
That does. 

263
00:14:19,680 --> 00:14:21,560
Machine worth a couple 
$1,000,000. 

264
00:14:21,920 --> 00:14:25,640
Yeah, just just essentially does
the development side of it. 

265
00:14:25,680 --> 00:14:29,920
But then, like you say, you've 
got other service providers and,

266
00:14:29,920 --> 00:14:33,760
and machines and kit sort of OK,
you do this place and the next 

267
00:14:33,760 --> 00:14:37,160
person's got to go and then the 
following person comes after 

268
00:14:37,160 --> 00:14:38,840
then and then it cycles again 
and again. 

269
00:14:38,840 --> 00:14:41,800
But just to have that, that 
rhythm and everything to be 

270
00:14:41,800 --> 00:14:44,520
going right and on time and all 
that. 

271
00:14:44,520 --> 00:14:49,480
It's, there's a lot of, I guess 
probably what I didn't 

272
00:14:49,480 --> 00:14:52,800
appreciate is how many it's not 
just say you and a jumbo going 

273
00:14:52,840 --> 00:14:54,400
boom, boom, and then it's all 
good. 

274
00:14:54,400 --> 00:14:56,920
Like there's so many variables 
that all have to be going right 

275
00:14:56,920 --> 00:15:00,000
and all at the correct time to 
keep that flow. 

276
00:15:00,840 --> 00:15:03,400
Going well you need you need the
jumbo to do all that you need 

277
00:15:03,400 --> 00:15:06,160
the bogger to bog the dirt. 
You need the chart shop fires to

278
00:15:06,160 --> 00:15:08,320
blow it up. 
You need the bogger to bog the 

279
00:15:08,320 --> 00:15:10,080
dirt out. 
You need the bogger to put the 

280
00:15:10,120 --> 00:15:13,040
dirt into a truck. 
So the truck takes that to the 

281
00:15:13,040 --> 00:15:17,440
surface and then you need a 
service crew that is sorting out

282
00:15:17,440 --> 00:15:20,680
your water, your power, your 
ventilation infrastructure keep 

283
00:15:20,800 --> 00:15:23,480
that all going and that is just 
for development. 

284
00:15:23,800 --> 00:15:26,400
That is that doesn't say when I 
talk about production, I 

285
00:15:26,400 --> 00:15:31,320
actually found be rude not to 
show a Sambic production rig. 

286
00:15:31,320 --> 00:15:34,920
This was a public video, but 
that's what a that's a 

287
00:15:34,920 --> 00:15:37,800
production rig. 
So it's like, think of a jumbo, 

288
00:15:37,800 --> 00:15:41,360
but it's all drilling big, long,
longer holes, fatter and they're

289
00:15:41,360 --> 00:15:45,560
all vertical and sideways and 
they're the holes that are used 

290
00:15:46,120 --> 00:15:51,400
to take that all the ore out 
between the levels, which are 

291
00:15:51,400 --> 00:15:54,880
like, you know, the levels, the 
jumbo levels could be, you know,

292
00:15:54,880 --> 00:15:59,440
20 metres apart or 25 or 15. 
These rigs come in all shapes 

293
00:15:59,440 --> 00:16:03,880
and sizes and they drill the 
pattern out to excavate the ore.

294
00:16:03,880 --> 00:16:06,840
So all this development and 
decline and infrastructure and 

295
00:16:06,840 --> 00:16:11,040
all that, that is all there for 
the purpose to potentially take 

296
00:16:11,040 --> 00:16:15,360
out just this frigging gold vine
and or hopefully there's 

297
00:16:15,360 --> 00:16:17,080
multiple Gulf veins on one 
level. 

298
00:16:17,480 --> 00:16:20,120
And so that is the difference 
between development and 

299
00:16:20,120 --> 00:16:23,960
production. 
So then so say you've developed 

300
00:16:24,040 --> 00:16:27,000
a level of the like a, like a 
tunnel basically. 

301
00:16:27,000 --> 00:16:30,320
So you've developed, you know, 
one here, 1 below it. 

302
00:16:30,400 --> 00:16:34,560
And then once you've finished 
the development with a with a 

303
00:16:34,560 --> 00:16:39,000
Jumbo, then this production rig 
comes in and starts going 

304
00:16:39,240 --> 00:16:42,400
vertically to excavate the the 
ore. 

305
00:16:42,400 --> 00:16:45,960
Yeah, it no, it just, it just 
drills holes vertically and then

306
00:16:46,000 --> 00:16:49,240
the shop fires fill them up with
explosives as well. 

307
00:16:49,600 --> 00:16:51,800
And that's how they blast out 
the production. 

308
00:16:52,200 --> 00:16:55,920
But like for a level, you know, 
you'll you'll come in, there'll 

309
00:16:55,920 --> 00:16:58,680
be the access to get in there. 
Then there'll be a stockpile to 

310
00:16:58,680 --> 00:17:01,480
put all the dirt. 
Then you need an escape way. 

311
00:17:01,480 --> 00:17:03,720
So you've got egress out to go 
up and down. 

312
00:17:03,720 --> 00:17:07,560
If there's a fire, then you've 
got could be a refuge chamber 

313
00:17:07,560 --> 00:17:13,000
Cuddy, then you've got could be 
some area for power or and then 

314
00:17:13,000 --> 00:17:16,319
you then you actually get into 
the the jump light level. 

315
00:17:16,319 --> 00:17:19,319
So when you talk about a level, 
there's a lot of little, you 

316
00:17:19,319 --> 00:17:23,280
know, cuddies everywhere for 
that serve a purpose for each 

317
00:17:23,280 --> 00:17:26,359
part of that cycle because you 
can't get the dirt out if you 

318
00:17:26,359 --> 00:17:28,880
don't have a stock ball to put a
dirt, put the dirt. 

319
00:17:29,120 --> 00:17:34,440
You can't load the truck if you 
haven't lifted the height of the

320
00:17:34,440 --> 00:17:37,360
backs for the bogger to lift the
bucket up to tip the dirt into 

321
00:17:37,360 --> 00:17:38,880
the truck. 
Like there's all and that's, 

322
00:17:39,080 --> 00:17:42,280
that's what engineers do. 
And to design it all. 

323
00:17:42,280 --> 00:17:46,400
And usually the then the 
foreman's and everything, you'll

324
00:17:46,400 --> 00:17:48,360
yell at the engineers. 
They're like, you didn't fucking

325
00:17:48,360 --> 00:17:50,960
do this right. 
You bloody engineers don't know 

326
00:17:50,960 --> 00:17:53,240
how to fucking mind 'cause it's,
yeah. 

327
00:17:53,240 --> 00:17:56,720
So it's, oh, it's such good. 
So many good personalities up 

328
00:17:56,720 --> 00:17:58,120
there. 
Friggin love it. 

329
00:17:58,360 --> 00:18:03,440
And then so, and this is the 
sort of imagine development and 

330
00:18:03,440 --> 00:18:06,440
stopping ore. 
So development ore ore sort of 

331
00:18:06,440 --> 00:18:09,520
refers to the rock that's 
getting taken out when the 

332
00:18:09,520 --> 00:18:14,440
jumbo's going through and the 
stopping ore is sort of post the

333
00:18:14,440 --> 00:18:17,440
production rig and the 
explosives going in up 

334
00:18:17,440 --> 00:18:20,720
vertically that all that drops 
out is stopping ore. 

335
00:18:20,720 --> 00:18:25,440
Yeah, well, you think of say 
there's levels 2020 metres 

336
00:18:25,440 --> 00:18:29,200
apart. 
And so the the development ore 

337
00:18:29,200 --> 00:18:32,280
is just when, yeah, the jumbo 
excavates the tunnel through the

338
00:18:32,280 --> 00:18:35,080
ore because you can't, the 
production rig can't get in 

339
00:18:35,080 --> 00:18:37,680
there to drill the holes through
the ore body without the jumbo 

340
00:18:37,680 --> 00:18:39,200
creating the tunnel for it. 
To get in. 

341
00:18:39,440 --> 00:18:43,640
There, So yeah, development ore 
you're taking out, you know, 5 

342
00:18:43,640 --> 00:18:48,880
metres worth and then there's 20
metres of or above it till the 

343
00:18:48,880 --> 00:18:52,640
next level. 
So it takes a lot longer to 

344
00:18:52,880 --> 00:18:56,920
develop that the five meter 
chunk, whereas when you blow the

345
00:18:56,920 --> 00:18:59,480
whole thing up, you've just got 
a shit load of dirt to bog. 

346
00:18:59,880 --> 00:19:04,320
So that's what they talk about 
and and that you can excavate it

347
00:19:04,320 --> 00:19:06,680
skinnier because you don't have 
to put ground sport, no one's 

348
00:19:06,680 --> 00:19:08,240
allowed up in there like you 
can't. 

349
00:19:08,400 --> 00:19:09,600
Just gravity, right? 
All the. 

350
00:19:09,640 --> 00:19:11,240
Rocks. 
Well, no, you can't like you 

351
00:19:11,400 --> 00:19:16,480
Yeah, well you don't the jump. 
These are 5 meters wide to for a

352
00:19:16,480 --> 00:19:19,720
purpose like you've got a 
because you're restricted by or 

353
00:19:19,720 --> 00:19:22,240
foot they 4 1/2. 
You can get 2 with these twin 

354
00:19:22,240 --> 00:19:24,880
boom jumbos. 
You can't get them really much 

355
00:19:24,880 --> 00:19:28,800
smaller because you can't fit 
the jumbo booms in there and you

356
00:19:29,000 --> 00:19:30,080
and everything. 
So. 

357
00:19:30,080 --> 00:19:33,480
But when you mine a narrow vine,
like they could mine in it like 

358
00:19:33,640 --> 00:19:36,960
2 1/2 meters wide. 
So your development ore is 5 

359
00:19:36,960 --> 00:19:38,400
meters wide. 
But if you got gold in the 

360
00:19:38,400 --> 00:19:41,080
middle, that means you got all 
that waste on the outside. 

361
00:19:41,520 --> 00:19:44,160
So. 
Whereas when you mine it 2 1/2 

362
00:19:44,160 --> 00:19:47,360
meters wide and hopefully just 
get the vine, that means you 

363
00:19:47,880 --> 00:19:50,520
your grade of that is a lot 
higher. 

364
00:19:50,520 --> 00:19:53,040
So you're stopping ore is higher
grade because you haven't taken 

365
00:19:53,040 --> 00:19:56,560
out as much width. 
That's this is for narrow van 

366
00:19:56,560 --> 00:20:00,920
gold mining, but so that but and
you get a lot more of it. 

367
00:20:00,920 --> 00:20:04,840
So that's why they talk about 
you want you don't want to be 

368
00:20:04,840 --> 00:20:07,440
just tracking all the 
development or up and not 

369
00:20:07,440 --> 00:20:09,920
focusing on the stopping or 
because the stopping or there's 

370
00:20:09,920 --> 00:20:12,040
more of it and it's higher 
grade. 

371
00:20:12,720 --> 00:20:14,560
So. 
Because you're targeting it. 

372
00:20:14,560 --> 00:20:18,440
Well, it's more targeted I 
guess, because you're aiming for

373
00:20:19,480 --> 00:20:21,640
the the ore that. 
Oh, that, but the jumbo 

374
00:20:21,640 --> 00:20:23,080
development goes straight 
through the ore. 

375
00:20:23,080 --> 00:20:26,760
MMM 'cause that's where that 
gives you the The jumbo 

376
00:20:26,760 --> 00:20:28,680
development is purely for 
access. 

377
00:20:28,680 --> 00:20:32,920
Yeah, for the machinery to the 
end goal is taking that stop 

378
00:20:32,920 --> 00:20:33,600
out. 
Stop out. 

379
00:20:33,600 --> 00:20:36,200
That is, everything that goes on
is purely for that goal. 

380
00:20:36,480 --> 00:20:40,320
That's what some places you 
forget, 'cause the jumbo's or 

381
00:20:40,320 --> 00:20:43,480
the might have been incentivized
by doing more development 

382
00:20:43,480 --> 00:20:47,040
because I get paid more for it. 
And the focus, there was always,

383
00:20:47,120 --> 00:20:50,000
always that culture of like you 
can't stop the jumbo. 

384
00:20:50,680 --> 00:20:54,720
But if the focus goes off 
production too much, yeah, the 

385
00:20:54,720 --> 00:20:57,400
primary purpose is getting the 
production or out to feed the 

386
00:20:57,400 --> 00:21:01,960
mill to all gold or float copper
or so you could actually make 

387
00:21:01,960 --> 00:21:03,400
money. 
OK. 

388
00:21:03,480 --> 00:21:06,880
Because that was something I 
was, I kind of understood. 

389
00:21:06,880 --> 00:21:10,360
But now that makes a lot more 
sense. 

390
00:21:10,360 --> 00:21:11,800
And why? 
Yeah, you often say, yeah, 

391
00:21:11,800 --> 00:21:15,920
you're stopping all higher than 
your or ideally higher than your

392
00:21:15,920 --> 00:21:18,040
development. 
All should be unless it the 

393
00:21:18,040 --> 00:21:20,920
hanging wall falls in and 
dilutes it and you've got a heap

394
00:21:20,920 --> 00:21:23,440
of waste mixed in it and you've 
got to bog it out anyway. 

395
00:21:23,680 --> 00:21:27,640
Yeah, that's and that we can 
talk about later the dip and 

396
00:21:27,640 --> 00:21:29,920
foot wall and angles and 
recovery and. 

397
00:21:30,160 --> 00:21:32,640
All that, all that. 
You just bloody ask me whatever 

398
00:21:32,640 --> 00:21:34,120
you want to say. 
No. 

399
00:21:34,120 --> 00:21:39,440
So sort of moving on from that a
little bit, how do you look at 

400
00:21:39,480 --> 00:21:44,880
an ore body and the mind design 
and trying to see if you can, 

401
00:21:44,960 --> 00:21:47,880
you know, hit all the targets or
not? 

402
00:21:48,360 --> 00:21:51,400
Yeah. 
So you got to think of how much 

403
00:21:51,760 --> 00:21:54,440
when they talk about a 1,000,000
tonne per annum operation, 

404
00:21:54,440 --> 00:22:00,880
that's 1,000,000 tonne of ore. 
So if you've got add to grosser 

405
00:22:00,880 --> 00:22:05,320
for instance, that was, you know
big, it's like AVMS deposit. 

406
00:22:05,320 --> 00:22:09,920
So it was like a big, big chunk 
of copper and it was like, you 

407
00:22:09,920 --> 00:22:12,800
know, 2030 meters thick. 
And on one level it would be, 

408
00:22:13,000 --> 00:22:17,520
you know, 100 and oh, it was 100
odd hundred 200 meters long. 

409
00:22:18,160 --> 00:22:21,720
So you you've got these. 
So a stoke there is like 20 by 

410
00:22:21,720 --> 00:22:24,480
20 at the bottom. 
And you know, it could be 50 or 

411
00:22:24,480 --> 00:22:27,200
60 meters high. 
Like it's a big thick chunk of 

412
00:22:27,200 --> 00:22:29,960
ore. 
And so you can, there's hyper 

413
00:22:29,960 --> 00:22:33,920
dirt to bog and yeah, you know, 
you can spend a month or so 

414
00:22:34,080 --> 00:22:36,640
bogging it till you finish. 
And a stoke might be 100 odd, 

415
00:22:36,640 --> 00:22:39,080
1000 tons. 
Whereas you go to a narrow vein 

416
00:22:39,080 --> 00:22:43,880
gold mine, you've got, there's 
one vein and you're like might, 

417
00:22:44,080 --> 00:22:47,440
you know, stoke might be 5000 
ton or 10,000 ton. 

418
00:22:47,440 --> 00:22:50,600
So because you're doing these 
narrow veins, so you think of 

419
00:22:50,600 --> 00:22:54,680
how many Stokes you've got a 
mine that are 510 thousand ton 

420
00:22:54,920 --> 00:22:58,040
to get 1,000,000 tonne. 
And every time you finish a 

421
00:22:58,040 --> 00:23:00,800
stoke, you've got to either 
leave a pillar or backfill it 

422
00:23:00,800 --> 00:23:03,880
and then drill the next one and 
like that cycle continues. 

423
00:23:03,880 --> 00:23:06,880
So you've to get a. 
Pillar A pillar is. 

424
00:23:06,920 --> 00:23:10,000
Oh, so it's like, say in that 
you can't just take the whole 

425
00:23:10,000 --> 00:23:13,720
chunk of ore out because it'll 
just, it'll just fall in because

426
00:23:13,720 --> 00:23:17,160
it's like too much of A 
hydraulic radius exposure and 

427
00:23:17,160 --> 00:23:21,160
it'll just start caving in and 
likely. 

428
00:23:21,440 --> 00:23:24,400
And then it'll dilute your ore 
and could just keep flowing 

429
00:23:24,400 --> 00:23:26,720
down. 
Like as soon as you open up the 

430
00:23:26,720 --> 00:23:29,840
levels below it, the Stokes 
below it, all that dirt falls 

431
00:23:29,840 --> 00:23:32,520
down. 
And you, you know, yeah, your 6g

432
00:23:32,520 --> 00:23:35,240
dirt rapidly becomes 4G. 
Yeah. 

433
00:23:36,320 --> 00:23:42,480
So that, so you leave, you might
mind 203040 meters, like 40 

434
00:23:42,480 --> 00:23:44,480
meters. 
If it's good ground then you'll 

435
00:23:44,480 --> 00:23:46,000
stop. 
You'll leave a chunk of rock 

436
00:23:46,200 --> 00:23:48,800
which is ore. 
It's called a pillar, and then 

437
00:23:48,800 --> 00:23:51,760
you restart the process so that 
pillar supports. 

438
00:23:51,760 --> 00:23:55,720
It's your support. 
Supports the hanging wall and 

439
00:23:56,160 --> 00:24:00,160
hopefully stops it from falling 
in the more you expose it. 

440
00:24:00,320 --> 00:24:02,720
And the hanging wall is 
basically what's above you. 

441
00:24:03,160 --> 00:24:05,240
Hanging. 
So you think of a vertical, dead

442
00:24:05,240 --> 00:24:08,240
vertical start. 
There isn't really a hanging 

443
00:24:08,240 --> 00:24:12,120
wall because it's all vertical. 
If it rolls over that way, if 

444
00:24:12,120 --> 00:24:15,240
it's dipping at 80°, that's your
hanging wall, That's your foot 

445
00:24:15,240 --> 00:24:18,040
wall. 
And then so all bodies do that. 

446
00:24:18,120 --> 00:24:19,520
Yeah. 
Are they either they're either 

447
00:24:19,520 --> 00:24:23,400
vertical or bloody dead flat. 
Yeah, they're not like a coal 

448
00:24:23,400 --> 00:24:26,880
seams dead flat, but they're 
usually mixtures between, you 

449
00:24:26,880 --> 00:24:30,840
know, 20-30 degrees all. 
The way up to. 90° So when they 

450
00:24:30,840 --> 00:24:34,640
call it sub vertical, it means 
it's pretty bloody close to 

451
00:24:34,640 --> 00:24:38,640
vertical. 
So what's some examples? 

452
00:24:38,720 --> 00:24:42,880
I think oh, like Daisy Milano 
when I was there, perfectly 

453
00:24:42,880 --> 00:24:45,720
vertical, most of it, a lot of 
it was pretty much dead 

454
00:24:45,720 --> 00:24:47,560
vertical. 
I think Aurabanda looks pretty 

455
00:24:47,560 --> 00:24:51,320
vertical. 
You know, Bellevue looks like it

456
00:24:51,320 --> 00:24:52,720
varies. 
It's somewhere close to 

457
00:24:52,720 --> 00:24:55,840
vertical. 
Then they lay over a bit like 

458
00:24:55,840 --> 00:24:59,360
Spartan looks to be about 60-70 
degrees. 

459
00:24:59,600 --> 00:25:03,440
So whereas and then you go to 
Gualia, places like, you know, 

460
00:25:03,440 --> 00:25:06,640
around that Leonora area, Gualia
that dips at 40°. 

461
00:25:06,760 --> 00:25:12,600
So it's really laid over. 
So the issues should come into 

462
00:25:12,600 --> 00:25:18,080
there is dead vertical in hard 
ground ideal. 

463
00:25:18,200 --> 00:25:22,600
So you can't really have nothing
will hopefully naturally fall in

464
00:25:23,080 --> 00:25:26,880
because it's vertical. 
But you can't have air mines 

465
00:25:26,880 --> 00:25:31,240
that are dead vertical with real
laminated laminated ground that 

466
00:25:31,240 --> 00:25:35,520
can sort of peel in and dilute 
which is I think there's a 

467
00:25:35,520 --> 00:25:38,560
restart project coming up that 
has that sort of ground 

468
00:25:38,560 --> 00:25:40,600
historically. 
I'm not like if it's sure that 

469
00:25:40,800 --> 00:25:46,280
if it's like that going forward,
but then if it then if it's 

470
00:25:46,280 --> 00:25:49,480
lying over at 60° and you got 
poor ground, like you might want

471
00:25:49,480 --> 00:25:51,800
to just take out this chunk 
here. 

472
00:25:52,360 --> 00:25:56,680
But then that starts falling in.
So that just starts blowing out 

473
00:25:56,680 --> 00:26:00,600
and that's all waste. 
And that, as I said, takes you 

474
00:26:01,120 --> 00:26:03,600
like you can only put a fixed 
amount of ore through the mill 

475
00:26:03,600 --> 00:26:05,640
each year. 
So say you've got 1,000,000 

476
00:26:05,640 --> 00:26:08,960
tonne to go through and all that
shit's fallen in, all that 

477
00:26:08,960 --> 00:26:09,680
shit's got to go. 
Through. 

478
00:26:09,680 --> 00:26:12,920
It's got to go through. 
So 1,000,000 at right 4G 

479
00:26:13,400 --> 00:26:15,240
compared to 1,000,000 at 3 
grams. 

480
00:26:15,240 --> 00:26:20,000
That's a shit load of answers 
that you've lost due to a lower 

481
00:26:20,000 --> 00:26:21,920
head grade. 
So that's why. 

482
00:26:22,280 --> 00:26:26,160
And then when it lies over more 
you obviously have the risk of 

483
00:26:26,800 --> 00:26:31,480
the hanging wall caving in so 
you got to try and protect it. 

484
00:26:32,400 --> 00:26:36,400
Can't expose it too much, but 
then you've got the foot wall as

485
00:26:36,400 --> 00:26:39,040
well. 
So the shallower it is the if 

486
00:26:39,040 --> 00:26:42,400
you fire too much dirt or just 
it doesn't roll down the foot 

487
00:26:42,400 --> 00:26:44,160
wall into the draw point to bog 
it out. 

488
00:26:44,160 --> 00:26:46,000
It just sits there. 
So you either got to wash it 

489
00:26:46,000 --> 00:26:48,320
down or you've you've got to 
fire a. 

490
00:26:48,320 --> 00:26:50,600
Little, but he's not helping. 
You, no, you got to, you got to 

491
00:26:50,600 --> 00:26:53,480
fire just little bits at a time.
So it just sort of drops enough 

492
00:26:53,480 --> 00:26:56,640
into the drive so you can bog it
out and doesn't sit on the foot 

493
00:26:56,640 --> 00:26:59,960
wall. 
And so yeah, if it's too flat, 

494
00:26:59,960 --> 00:27:05,320
like if it's below 6055° it just
doesn't run down, then you might

495
00:27:05,320 --> 00:27:10,080
have to actually take a chunk 
out of the foot wall of waste to

496
00:27:10,200 --> 00:27:11,880
steepen it up so it actually 
rules. 

497
00:27:11,880 --> 00:27:15,720
Which again dilutes you because 
you're having to take waste 

498
00:27:15,720 --> 00:27:16,920
you're. 
Taking waste, yeah. 

499
00:27:17,800 --> 00:27:20,720
With with the the ore that 
you're trying to get out. 

500
00:27:20,720 --> 00:27:22,560
Yeah. 
And I think and I think I would 

501
00:27:22,560 --> 00:27:24,920
assume and it's rinse and 
repeat. 

502
00:27:24,920 --> 00:27:28,680
So Gualia, it has been like that
for ages. 

503
00:27:29,000 --> 00:27:30,640
It's just how it is. 
It's just how it is. 

504
00:27:30,640 --> 00:27:34,920
So I would assume like looking 
at their grade and everything 

505
00:27:34,920 --> 00:27:39,560
like they, they would know the 
process over and over again to 

506
00:27:39,560 --> 00:27:42,720
ensure that they get the foot 
wall dirt out. 

507
00:27:42,720 --> 00:27:45,400
They control the dilution on the
hanging wall. 

508
00:27:45,400 --> 00:27:47,080
It probably doesn't always go 
right. 

509
00:27:47,080 --> 00:27:48,640
Like there's always something 
that fucks up. 

510
00:27:49,080 --> 00:27:53,600
Sometimes a person that might 
fuck up and like overcharge it 

511
00:27:53,600 --> 00:27:55,840
or drill it incorrectly or 
something like that. 

512
00:27:55,840 --> 00:28:00,000
There's a lot of there's so many
things to control underground. 

513
00:28:00,000 --> 00:28:02,360
So, so a lot of things are out 
of your control, but there's so 

514
00:28:02,360 --> 00:28:05,720
many things to control as well 
from management like keeping 

515
00:28:05,720 --> 00:28:10,200
their eye on, you know, drilling
accuracy, like trying to not 

516
00:28:11,200 --> 00:28:16,680
drill too fast and try and be a 
hero and actually deviating or 

517
00:28:16,680 --> 00:28:20,480
like missing the OR like it's 
all, it all looks good on paper.

518
00:28:20,480 --> 00:28:28,160
But like, that's, and that's why
some mines might be, you know, 

519
00:28:28,160 --> 00:28:32,320
have a reserve of 6 grams and 
their head grades coming out at 

520
00:28:32,360 --> 00:28:34,840
4 four and a half. 
They're like, well, what's 

521
00:28:34,840 --> 00:28:37,840
wrong? 
Like why what's is, is the 

522
00:28:37,840 --> 00:28:41,280
drilling incorrect? 
Like there was some people like 

523
00:28:41,320 --> 00:28:44,320
think, oh, well, they must have 
bloody overcalled the resource. 

524
00:28:44,320 --> 00:28:49,000
I'm like, well there's that or 
it could be really, really hard 

525
00:28:49,000 --> 00:28:51,160
ground and operators are getting
the sheets and they're just 

526
00:28:51,160 --> 00:28:54,200
winding up the pressures to try 
and drill quicker 'cause they're

527
00:28:54,200 --> 00:28:57,320
just frustrated and all that 
over feeding causes the drill 

528
00:28:57,320 --> 00:29:01,760
holes to start deviating. 
And then, so then when? 

529
00:29:01,960 --> 00:29:04,400
When you're. 
Blasting it it's not how, and 

530
00:29:04,400 --> 00:29:06,640
blasting it it's not. 
I think you're. 

531
00:29:06,640 --> 00:29:09,680
Taking how you think it was. 
Well, you think you're taking a 

532
00:29:09,680 --> 00:29:12,360
chunk out in the middle. 
But it's actually. 

533
00:29:12,360 --> 00:29:14,760
Maybe you've actually, you've 
actually take it out like this 

534
00:29:14,760 --> 00:29:18,680
chunk over here 'cause the holes
have gone like this and it, you 

535
00:29:18,680 --> 00:29:22,520
might actually miss bits of all.
So that, and that could affect 

536
00:29:22,520 --> 00:29:25,440
the head grade of a is, is drill
hole deviation. 

537
00:29:25,440 --> 00:29:28,760
So that's why a lot of them, 
they have to, they need to know 

538
00:29:28,760 --> 00:29:31,520
if they're breaking through to 
the level above like because if 

539
00:29:31,520 --> 00:29:33,440
they're not breaking through 
when they're supposed to be 

540
00:29:33,440 --> 00:29:37,440
breaking through, that means 
they've deviated to the side or 

541
00:29:37,440 --> 00:29:41,000
something. 
So that's, there's a lot of QAQC

542
00:29:41,000 --> 00:29:46,120
that goes into making sure that 
like, yes, that's, and that's 

543
00:29:46,120 --> 00:29:50,280
the the funniest thing you see. 
And you know, we're all culprits

544
00:29:50,280 --> 00:29:55,600
for it was, as I said, you've 
got all this prep work that goes

545
00:29:55,600 --> 00:29:58,960
into firing a stoke. 
That is what the mine is built 

546
00:29:58,960 --> 00:30:02,440
for is fire and a stoke. 
And you get to this, get to the 

547
00:30:02,440 --> 00:30:05,160
last point and they're like, 
Nah, we need it on the deck. 

548
00:30:05,240 --> 00:30:08,320
Like there's been months and 
months and months of work and 

549
00:30:08,320 --> 00:30:09,920
money. 
That's gone in being. 

550
00:30:09,920 --> 00:30:13,320
Fired and a shift like it needs 
to be blown up on the deck. 

551
00:30:13,320 --> 00:30:16,760
They call it OK and you get to 
it like they're like, Nah, needs

552
00:30:16,760 --> 00:30:20,960
to be on the deck and a shift 
and instead of waiting for half 

553
00:30:20,960 --> 00:30:25,040
a shift like and to ensure that 
everything is done correctly to 

554
00:30:25,040 --> 00:30:27,560
make sure that is all blasted 
out. 

555
00:30:27,760 --> 00:30:30,240
How it's supposed to. 
Yeah, because it could fuck up 

556
00:30:30,240 --> 00:30:32,680
and leave a big chunk there 
that's unblasted. 

557
00:30:32,680 --> 00:30:35,440
I've bloody did it. 
I did it. 

558
00:30:35,440 --> 00:30:38,360
I left a big chunk at de Gruser 
that I'm famous for because it 

559
00:30:38,360 --> 00:30:42,280
was all rushed and and like, but
all that prep work that's gone 

560
00:30:42,280 --> 00:30:45,360
into that point, it's like the 
focus should be on making sure 

561
00:30:45,360 --> 00:30:49,080
everything is being done 
properly to make sure that stoke

562
00:30:49,240 --> 00:30:51,800
is fired because that was what 
the hard mine is for. 

563
00:30:51,960 --> 00:30:56,000
It's not the jumbo. 
It's not, it is firing Stokes 

564
00:30:56,520 --> 00:31:00,960
and it sort of gets, yeah, it 
gets a lot of between the whole 

565
00:31:01,720 --> 00:31:05,960
all like the con like 
contractor, like I was there 

566
00:31:05,960 --> 00:31:07,480
still a lot when you got the 
contractor. 

567
00:31:07,480 --> 00:31:09,720
They're like, oh, we just want 
to get work done, get motors, 

568
00:31:09,720 --> 00:31:13,000
get tons. 
Whereas you know, the client who

569
00:31:13,000 --> 00:31:16,440
owns the mine, the client that, 
well technically the 

570
00:31:16,440 --> 00:31:19,440
shareholders owned the mine. 
They they would want the Stoke 

571
00:31:19,440 --> 00:31:22,920
to be fired correctly. 
It just means waiting 1/2 a. 

572
00:31:22,920 --> 00:31:25,880
Shift more Yeah, the client 
might want a bloody just get a 

573
00:31:25,880 --> 00:31:29,240
bloody record for the week. 
Like it's, yeah, it's, it 

574
00:31:29,360 --> 00:31:32,920
sometimes gets lost a bit, but 
it is the most important thing 

575
00:31:32,920 --> 00:31:35,400
on a mine site. 
The matter you were talking just

576
00:31:35,400 --> 00:31:39,400
before about sort of the size of
Stokes and that what other 

577
00:31:40,000 --> 00:31:44,160
things can impact getting, you 
know, tons out of the ground 

578
00:31:44,160 --> 00:31:49,800
onto the surface? 
How Yeah, the heat and the 

579
00:31:49,800 --> 00:31:53,920
ventilation system cause like if
it's, well, if it's hot, it's 

580
00:31:53,920 --> 00:31:55,960
hard for everyone to work and 
it's just harder to get 

581
00:31:55,960 --> 00:31:57,520
everything done 'cause it's 
frigging hot. 

582
00:31:57,720 --> 00:32:01,000
Yeah and it's just. 
But then the ventilation system 

583
00:32:01,000 --> 00:32:05,280
is dependent on if you've got a 
lot of spread out mining areas 

584
00:32:05,280 --> 00:32:09,000
that are have a certain amount 
of ventilation to each area, you

585
00:32:09,000 --> 00:32:12,360
might be restricted on how many 
trucks you can send down because

586
00:32:12,360 --> 00:32:16,040
each truck has a certain metres 
cube to vent that it needs for 

587
00:32:16,040 --> 00:32:20,120
that truck to be in the area. 
Oh, it's like rated so. 

588
00:32:20,120 --> 00:32:22,880
Obviously it's not like you 
could send down 10 trucks if you

589
00:32:22,880 --> 00:32:26,000
wanted to because it's it they 
need so much vent per truck. 

590
00:32:26,080 --> 00:32:28,800
Yeah, yeah. 
I think it's like, oh, is it 24 

591
00:32:28,800 --> 00:32:32,280
cubes or something per second of
or a truck? 

592
00:32:32,280 --> 00:32:36,240
I don't know, but so all that 
stuff, you might be ventilation 

593
00:32:36,240 --> 00:32:39,120
constrained on how many trucks 
you can send down at one time. 

594
00:32:39,120 --> 00:32:42,760
So you might have one truck have
to come all the way out before 

595
00:32:42,760 --> 00:32:45,280
you can send another one down to
a certain area. 

596
00:32:45,360 --> 00:32:46,760
It might be available the 
dirt's. 

597
00:32:46,760 --> 00:32:49,400
Down the dirt's there, the 
boggers there waiting with the 

598
00:32:49,520 --> 00:32:52,480
fucking bucket up in the air, 
like yeah, so that's 

599
00:32:52,800 --> 00:32:56,320
ventilation. 
If if you hear it, mine being 

600
00:32:56,320 --> 00:33:00,360
like needing ventilation 
upgrades or vent constrained or 

601
00:33:00,360 --> 00:33:04,840
anything, you know, it's fucking
hard, like, and or it might be 

602
00:33:04,840 --> 00:33:09,320
just the deeper it gets, it just
gets too hot to have too many 

603
00:33:09,320 --> 00:33:12,520
trucks down there. 
So that that's a big one. 

604
00:33:12,520 --> 00:33:15,600
And then and that affects your 
cycle time. 

605
00:33:15,600 --> 00:33:17,960
Like if you can't, can't have 
heaps of trucks down in one 

606
00:33:17,960 --> 00:33:21,560
area, like and you've got a heap
of dirt development to get out 

607
00:33:21,560 --> 00:33:24,840
to get a jumbo going to because 
you can't. 

608
00:33:25,240 --> 00:33:27,520
That's the thing that it doesn't
get appreciated with production 

609
00:33:27,520 --> 00:33:31,040
is like you can't just nip away 
at development all day and then 

610
00:33:31,120 --> 00:33:32,760
and do production the whole 
time. 

611
00:33:33,520 --> 00:33:36,120
You might need to go send the 
trucks all the development at 

612
00:33:36,120 --> 00:33:39,680
the start to get the dirt out to
have enough room in the 

613
00:33:39,680 --> 00:33:42,240
stockpile so they can bog the 
head and then get the jumbos 

614
00:33:42,240 --> 00:33:44,480
back in. 
And then they all the trucks go 

615
00:33:44,480 --> 00:33:48,200
to production where otherwise 
you've got jumbos and that 

616
00:33:48,200 --> 00:33:50,880
parked up doing nothing and not 
developing the mind. 

617
00:33:50,880 --> 00:33:55,520
So it's like all that tied 
together and you don't really 

618
00:33:55,520 --> 00:33:57,760
know until you unless you've 
worked there. 

619
00:33:58,040 --> 00:34:02,000
So you won't read it in an 
announcement, but anything about

620
00:34:02,600 --> 00:34:04,840
vent constraints, everything, 
you know, it's just going to be 

621
00:34:04,840 --> 00:34:06,040
a bit hard. 
Yeah. 

622
00:34:07,040 --> 00:34:11,960
What? 
So yeah, spread out mines that 

623
00:34:11,960 --> 00:34:15,440
aren't sort of stacked together,
you know, you know, you're going

624
00:34:15,440 --> 00:34:21,040
to need a lot of infrastructure,
like like a lot of different 

625
00:34:21,040 --> 00:34:27,080
vent, different pumping. 
So if you go like to put like 

626
00:34:27,080 --> 00:34:29,840
ventilation in for an area like 
you've got to develop down there

627
00:34:29,840 --> 00:34:34,000
just on the secondary vent, like
just vent from ages away that's 

628
00:34:34,000 --> 00:34:37,199
blown through a vent bag. 
You got to get down there and 

629
00:34:37,199 --> 00:34:40,440
then you can't. 
Then you can start a rise ball, 

630
00:34:40,679 --> 00:34:45,199
which to put like a primary vent
in, but you need the bottom 

631
00:34:45,199 --> 00:34:49,040
excavated first and then you got
to pull Raymond out to make it 

632
00:34:49,040 --> 00:34:50,840
bigger and then you got to put a
fan on it. 

633
00:34:50,840 --> 00:34:54,159
And so like getting all that 
ventilation established, the 

634
00:34:54,159 --> 00:34:58,160
capital established can take a 
lot of time and that can that 

635
00:34:58,160 --> 00:35:03,160
can slow the development of the 
mime, which means it's you might

636
00:35:03,160 --> 00:35:05,840
be vent constrained, you might 
be not where you need to be. 

637
00:35:05,840 --> 00:35:09,440
And so trying to get X amount of
tons out just mightn't be 

638
00:35:09,440 --> 00:35:12,240
possible till you've got all 
this this shit in. 

639
00:35:12,240 --> 00:35:17,240
So it's like that's where is a 
simple mine that's just a just a

640
00:35:17,240 --> 00:35:21,600
decline going down and one big 
fat ore body or multiple ore 

641
00:35:21,600 --> 00:35:24,680
bodies next to each other that 
you access from the one decline.

642
00:35:24,800 --> 00:35:28,560
Yeah, could be one set of vent 
infrastructure for it, one set 

643
00:35:28,560 --> 00:35:33,480
of pumping like all the powers 
gets fed off from the one place 

644
00:35:33,480 --> 00:35:34,800
and. 
It's simpler. 

645
00:35:34,800 --> 00:35:38,280
It's just easy. 
Like it's just nice and simple. 

646
00:35:39,480 --> 00:35:42,400
That means if things are easy 
and you don't need all that 

647
00:35:42,400 --> 00:35:45,800
other shit going on to make 
everything else happen, you 

648
00:35:45,800 --> 00:35:47,280
should be able to get your dirt 
out easy. 

649
00:35:47,440 --> 00:35:52,120
Yeah. 
So there's like and it's even 

650
00:35:52,120 --> 00:35:55,880
like getting the dirt to the 
mill, like it's getting the tons

651
00:35:55,880 --> 00:36:00,120
out of the hole are one thing, 
but then getting the dirt to the

652
00:36:00,120 --> 00:36:03,000
ROM to the crusher and then into
the mill. 

653
00:36:03,000 --> 00:36:04,560
That's another thing because you
don't want fucking. 

654
00:36:05,520 --> 00:36:07,000
That's why you get so pushed to 
do it. 

655
00:36:07,480 --> 00:36:10,280
Well, that's why mind the mill 
specialists like you look at the

656
00:36:10,320 --> 00:36:13,800
underground trucks that are 
squashed down and driving around

657
00:36:13,800 --> 00:36:16,280
at friggin 15 KS an hour. 
I don't know how quick they go 

658
00:36:16,280 --> 00:36:18,120
on the surface. 
Probably 20 or something. 

659
00:36:18,400 --> 00:36:21,200
You know what I'm fucking around
doing that on the surface, 

660
00:36:21,200 --> 00:36:22,880
getting it up to the mill. 
You just get it. 

661
00:36:22,880 --> 00:36:26,440
Like if you're in a pit, you 
just put a mini ROM pad in the 

662
00:36:26,440 --> 00:36:29,440
pit, dump it there, get back 
underground, keep the boggers 

663
00:36:29,440 --> 00:36:32,280
going, keep the jumbos going. 
You have the salt Bush trucks 

664
00:36:32,560 --> 00:36:35,720
tight buggering around with all 
that and taking it to the mill. 

665
00:36:36,040 --> 00:36:38,360
Like that's why those 
underground trucks aren't built 

666
00:36:38,360 --> 00:36:40,600
for driving around the surface 
wasting their time. 

667
00:36:40,600 --> 00:36:43,440
They need to be underground, 
they need to be moving dirt and 

668
00:36:43,440 --> 00:36:45,800
that's why salt Bush do the 
surface stuff. 

669
00:36:46,360 --> 00:36:48,160
That's why they're the mind and 
mill specialist. 

670
00:36:48,320 --> 00:36:50,400
They wouldn't exist if you 
didn't need them. 

671
00:36:50,680 --> 00:36:52,280
JC. 
And they love tons. 

672
00:36:52,280 --> 00:36:54,600
Yeah, they love tons. 
So pretty much if you want the 

673
00:36:54,600 --> 00:36:57,280
best chance of hitting a target,
get saltpush on your mine site. 

674
00:36:57,800 --> 00:37:01,440
Anyway, that's I'm dead set 
serious when I say that too. 

675
00:37:03,480 --> 00:37:08,440
And to divert a little bit, so 
now you're down there on, on 

676
00:37:08,440 --> 00:37:12,000
your jumbo or your production 
rig or or whatever, there's all 

677
00:37:12,000 --> 00:37:15,560
these, you know, gear and 
machines running around you. 

678
00:37:15,560 --> 00:37:18,520
You might be 2300 metres 
underground, if not more. 

679
00:37:18,960 --> 00:37:21,400
How hot is it under there? 
And with all the gear you're 

680
00:37:21,400 --> 00:37:23,360
wearing as well, like, how can 
you? 

681
00:37:24,480 --> 00:37:27,120
Like, what was your experience 
of trying to work in those 

682
00:37:27,120 --> 00:37:28,320
conditions? 
Oh, what? 

683
00:37:28,400 --> 00:37:31,240
Does it even like took you? 
It takes you to some dark places

684
00:37:31,240 --> 00:37:33,920
at some mines because I've 
worked in some fucking hot 

685
00:37:33,920 --> 00:37:36,840
mines. 
Like, I think I worked, I 

686
00:37:37,160 --> 00:37:41,440
finished at a good one that 
wasn't that hot, but God, I 

687
00:37:41,440 --> 00:37:44,960
worked at friggin between 
Telfer, Agnew, Paulsen's and 

688
00:37:45,800 --> 00:37:48,840
Golden Grove. 
They're all fucking deep hot and

689
00:37:48,920 --> 00:37:55,360
oh, it's yeah, it's freaking and
you it's like. 

690
00:37:55,520 --> 00:37:58,040
Precise and you know. 
And you're there for 11 and a 

691
00:37:58,040 --> 00:38:01,160
bit hours because you don't like
I only ever worked with 

692
00:38:01,160 --> 00:38:03,960
contractors. 
So you like you freaking work 11

693
00:38:03,960 --> 00:38:06,920
1/2 hours straight like you 
don't none of the like you 

694
00:38:06,920 --> 00:38:11,360
wouldn't park up for lunch on a 
jumbo like that is just you just

695
00:38:11,360 --> 00:38:13,760
don't do it. 
Like it's just not how it works.

696
00:38:14,120 --> 00:38:17,200
Like you, you work for, you work
the whole way through and like, 

697
00:38:17,440 --> 00:38:20,880
wow, you'll be especially when 
you start getting hot because 

698
00:38:20,880 --> 00:38:23,360
you get to that point of 
especially the first night shift

699
00:38:23,360 --> 00:38:26,120
in back from break because 
you're used to being awake in 

700
00:38:26,120 --> 00:38:28,400
the day. 
You get down there at night and 

701
00:38:28,400 --> 00:38:32,600
you are just like, you're just 
nauseous, like you're sick and 

702
00:38:32,600 --> 00:38:35,520
you start vomiting because your 
body's not used to being awake 

703
00:38:35,640 --> 00:38:39,000
and then it's hot. 
So you just, you just really got

704
00:38:39,000 --> 00:38:41,520
to look after yourself And then 
like you get to the, you can get

705
00:38:41,520 --> 00:38:44,440
to the point at the end like 
midway through and you, you 

706
00:38:44,440 --> 00:38:48,000
start cramping and like 'cause 
once you start, you can't sort 

707
00:38:48,000 --> 00:38:50,400
of stop cramping. 
You got to sort of limp your way

708
00:38:50,400 --> 00:38:54,240
through And like when it's two 
and, but then like 2 days into 

709
00:38:54,240 --> 00:38:57,280
the swing, you're like your 
body's used to it and you can, 

710
00:38:57,320 --> 00:39:00,320
you run around, you sweat it 
like anything and you're, and 

711
00:39:00,320 --> 00:39:01,400
you're fine. 
But it's that. 

712
00:39:01,800 --> 00:39:05,600
That adjustment period at the 
start of being back at work. 

713
00:39:05,600 --> 00:39:09,480
Oh, and you got to like and when
you're 'cause I was just bloody 

714
00:39:09,520 --> 00:39:13,200
flat out keen as anything. 
But if you, if you're too kind 

715
00:39:13,200 --> 00:39:15,000
and because you're doing 
everything the hard way, because

716
00:39:15,000 --> 00:39:18,680
you're not as you're just, yeah,
you just might know how to do 

717
00:39:18,680 --> 00:39:20,160
things properly. 
And then you're you're. 

718
00:39:20,160 --> 00:39:23,760
Fatigued and then you're just, 
oh, you just start, you start 

719
00:39:24,640 --> 00:39:28,640
not making decisions properly, 
like you just it's such a big 

720
00:39:28,640 --> 00:39:31,040
focus trying to keep everyone 
bloody. 

721
00:39:32,280 --> 00:39:36,840
When it's hot, it's hot, but it 
can affect the output of the of 

722
00:39:36,840 --> 00:39:38,960
the mind because you've got 
people like you've really got to

723
00:39:38,960 --> 00:39:41,800
slow down sometimes or yeah, 
like you can't slow down too 

724
00:39:41,800 --> 00:39:44,680
much because then you sort of 
lose, you become a bit lazy. 

725
00:39:44,680 --> 00:39:47,120
Like you got to, you got to move
with the purpose down there 

726
00:39:48,000 --> 00:39:50,960
because if you're not like you 
mightn't be, you get complacent.

727
00:39:51,080 --> 00:39:52,480
They're like, oh, you got to 
slow down. 

728
00:39:52,480 --> 00:39:55,080
Think about what you're doing. 
Like some I've always believed 

729
00:39:55,080 --> 00:39:58,560
you got to you got to work hard 
and can be switched on like 

730
00:39:58,720 --> 00:40:01,680
hyper because you're thinking 
about everything when you. 

731
00:40:02,080 --> 00:40:05,000
Go too slow, you get lazy and 
that's when shit can happen 

732
00:40:05,000 --> 00:40:07,240
sometimes, yeah. 
So, yeah, it's. 

733
00:40:07,240 --> 00:40:11,160
But then depends on how, depends
on the depth, depends on. 

734
00:40:11,160 --> 00:40:15,760
So talking about hate, but you 
could have like these shallow 

735
00:40:15,760 --> 00:40:21,440
minds that are fucking hot 
because they've got all bodies 

736
00:40:21,440 --> 00:40:25,000
spread out everywhere and 
they've got they've got to try 

737
00:40:25,000 --> 00:40:28,160
and independently ventilate. 
And I've talked about this these

738
00:40:28,160 --> 00:40:30,840
places before, but you got to 
they got to independently 

739
00:40:30,840 --> 00:40:34,800
ventilate those areas. 
So you need to like dedicated 

740
00:40:34,800 --> 00:40:37,840
fan return airway or they might 
be reliant on that air to come 

741
00:40:37,840 --> 00:40:40,760
back out of that area to flow 
down to another area. 

742
00:40:41,080 --> 00:40:45,520
So when they're you, you can't 
just how a development and even 

743
00:40:45,520 --> 00:40:48,240
a production cycle works. 
Like there's not just one truck 

744
00:40:48,240 --> 00:40:51,200
going down every day and then 
throughout the whole day 

745
00:40:51,200 --> 00:40:55,120
consistently. 
Like when a bogger needs to bog 

746
00:40:55,120 --> 00:40:59,000
out a heading and they fill a 
stockpile up, they need to get 

747
00:40:59,360 --> 00:41:02,080
there could be like 8 trucks 
worth of dirt to come out of 

748
00:41:02,080 --> 00:41:04,520
that heading, right? 
So they don't, you can't just 

749
00:41:04,520 --> 00:41:06,920
have one truck go down every 
hour because you need to get 

750
00:41:06,920 --> 00:41:10,720
that cleaned out as quick as you
can and bogged out so that the 

751
00:41:10,720 --> 00:41:13,560
jumbo can get back in there. 
So you might have, you know, 3 

752
00:41:13,560 --> 00:41:16,800
trucks all going down there at 
once, like and they're just load

753
00:41:16,840 --> 00:41:18,600
that one goes out, the other one
comes in. 

754
00:41:18,800 --> 00:41:21,680
So you got 3, you've already got
the bogger there generating 

755
00:41:21,680 --> 00:41:23,400
heat. 
Then you've got all three trucks

756
00:41:23,400 --> 00:41:26,960
going down there, which are all 
generating a lot of heat because

757
00:41:26,960 --> 00:41:30,880
they're diesel trucks. 
And then that ventilation 

758
00:41:30,880 --> 00:41:35,040
system, like the air is there to
try and keep it cool and flush 

759
00:41:35,040 --> 00:41:37,760
all the fumes and the heat out. 
But if you've got all that down 

760
00:41:37,760 --> 00:41:41,000
there, that's that area then 
just gets so hot because that's 

761
00:41:41,000 --> 00:41:43,560
like the trucks are driving 
under the vent bag, which is 

762
00:41:43,560 --> 00:41:45,240
heating the air up that's coming
out of there. 

763
00:41:45,240 --> 00:41:48,240
So when you're working in that, 
so then you might, you Jumbo 

764
00:41:48,240 --> 00:41:52,160
might and this is what I talk 
about, you know, like say if 

765
00:41:52,160 --> 00:41:55,000
they're they're doing production
up one end of the level and then

766
00:41:55,000 --> 00:41:56,480
Jumbo's up the other end of the 
level. 

767
00:41:56,480 --> 00:41:57,880
This is what Tucker talked 
about. 

768
00:41:58,240 --> 00:42:01,760
You've got all those, the remote
bogger might fill up the stock 

769
00:42:01,760 --> 00:42:05,880
ball and then they they need all
the trucks to come down to bog 

770
00:42:05,880 --> 00:42:09,200
it all out, empty the stockpile 
so they can start telling 

771
00:42:09,200 --> 00:42:12,600
remoting again, which is when 
they're on the joysticks in an 

772
00:42:12,600 --> 00:42:14,760
open stop. 
But all those trucks are coming 

773
00:42:14,760 --> 00:42:17,440
down heating up all the vent bag
and everything that's blowing 

774
00:42:17,440 --> 00:42:19,400
the air on the jump operator up 
the end. 

775
00:42:19,720 --> 00:42:24,120
So that's why it's important to 
trying to have your development 

776
00:42:24,240 --> 00:42:25,840
completely. 
Separated from your. 

777
00:42:25,840 --> 00:42:28,840
Production like as much as as 
best as you can. 

778
00:42:28,840 --> 00:42:32,720
So because you're going to get 
more out of that operator if 

779
00:42:32,720 --> 00:42:36,200
they're not dizzy and hot and 
cramping and everything and 

780
00:42:36,200 --> 00:42:40,160
they're comfortable, then you 
would like yeah, when they you 

781
00:42:40,160 --> 00:42:41,640
put them in that environment. 
So. 

782
00:42:41,920 --> 00:42:47,960
Cause with the ventilation, 
like, you know, does like how, 

783
00:42:47,960 --> 00:42:53,240
how cool would that make the an,
an underground mine setting? 

784
00:42:53,240 --> 00:42:57,080
Or is it just, you know, they 
try and keep it at X degrees, 

785
00:42:57,080 --> 00:43:00,120
but then, you know, depending on
like as you say, what's going on

786
00:43:00,120 --> 00:43:02,680
in the mine, that sort of ebb 
and flow, you know, throughout 

787
00:43:02,680 --> 00:43:04,720
the day. 
Oh yeah, it depends. 

788
00:43:04,720 --> 00:43:06,360
Depends on the surface 
temperature. 

789
00:43:07,320 --> 00:43:12,680
So 'cause if you've got, you 
know, if it's 45° on the 

790
00:43:12,680 --> 00:43:16,240
surface, that's 45° dry bulb 
that's coming through the 

791
00:43:16,240 --> 00:43:17,920
portal. 
So you can't really cool it down

792
00:43:17,920 --> 00:43:19,800
from there. 
So the, the temperature 

793
00:43:19,800 --> 00:43:22,960
underground is more humid 
because of the water and yes, 

794
00:43:23,400 --> 00:43:26,880
and everything. 
So, but then you go, it'll go to

795
00:43:26,880 --> 00:43:30,360
winter and the, the underground 
is cooler because the surface is

796
00:43:30,360 --> 00:43:33,000
cool. 
So and then in your really, 

797
00:43:33,000 --> 00:43:38,400
really deep minds where they 
need need refrigeration to cool 

798
00:43:38,400 --> 00:43:45,360
the air further, when I remember
at Telfer when the cyclone 

799
00:43:45,360 --> 00:43:48,440
season come over, the 
refrigeration was an it's like 

800
00:43:48,440 --> 00:43:51,480
an evaporative refrigeration, 
same as what you have in your 

801
00:43:51,480 --> 00:43:53,240
house. 
So when it's humid on the 

802
00:43:53,240 --> 00:43:56,720
surface, evapor, evaporative air
con doesn't work that well. 

803
00:43:56,720 --> 00:44:00,120
So I like the IT wasn't actually
chilling the air that much and 

804
00:44:00,120 --> 00:44:04,800
it was it was fucking it's hot. 
So mines aren't. 

805
00:44:05,080 --> 00:44:10,200
So when you've got spread out 
mines, that's just like the 

806
00:44:10,200 --> 00:44:13,360
ventilation challenges, the 
infrastructure challenges, like 

807
00:44:13,360 --> 00:44:17,120
between the pumping the power, 
getting it all down there, like 

808
00:44:17,600 --> 00:44:20,400
all the machinery having to go 
from here and trim all the way 

809
00:44:20,400 --> 00:44:22,280
to here. 
Like it's you might have the 

810
00:44:22,280 --> 00:44:26,760
same amount of gold or copper or
whatever, but it's so much 

811
00:44:26,760 --> 00:44:29,120
harder to get to it. 
Yeah. 

812
00:44:29,200 --> 00:44:32,640
And get work involved to get 
that same yeah amount. 

813
00:44:32,640 --> 00:44:34,800
And that, and that's why you 
look at mines that are just, 

814
00:44:35,160 --> 00:44:38,760
they might have all their ore 
bodies stacked together or like 

815
00:44:38,760 --> 00:44:42,000
it's just one decline that goes 
in and you go into a level and 

816
00:44:42,280 --> 00:44:46,160
there's just shit loads of gold 
or copper on one level and the 

817
00:44:46,160 --> 00:44:49,040
trucks just go in and out. 
And then they just do another 

818
00:44:49,040 --> 00:44:50,400
level. 
And they don't have to. 

819
00:44:50,880 --> 00:44:54,880
There's one set of there's one 
set of pumping infrastructure, 

820
00:44:54,880 --> 00:45:00,640
there's one set of power for it.
There's there's like just a big 

821
00:45:01,000 --> 00:45:06,400
return airway bent rise. 
Like there's just, it's just 

822
00:45:06,400 --> 00:45:10,640
easy, like and then the air goes
in to one level, comes back out,

823
00:45:10,640 --> 00:45:14,520
goes down to the other one like,
and it's just simple like. 

824
00:45:14,520 --> 00:45:18,880
And so sometimes the most 
simplest operations, they 

825
00:45:18,880 --> 00:45:22,880
mightn't have high grade, but 
they're so much easier to 

826
00:45:22,880 --> 00:45:25,400
achieve their targets. 
And I think, I think you asked 

827
00:45:25,400 --> 00:45:27,720
me this question before and I'll
just ranted on about something 

828
00:45:27,720 --> 00:45:31,920
completely different. 
But you want to look at from a 

829
00:45:32,240 --> 00:45:35,200
investment point of view how a 
mine is going to hit their 

830
00:45:35,200 --> 00:45:38,040
targets. 
It's like, well, how easy is it 

831
00:45:38,040 --> 00:45:42,040
for them to get 1,000,000 tonne 
out or 1 1/2 or? 

832
00:45:42,040 --> 00:45:44,400
What's the work? 
Or three million tonne, look at 

833
00:45:44,400 --> 00:45:48,800
long Town, everyone's like can 
they get 3,000,000 tonne out of 

834
00:45:48,800 --> 00:45:53,520
an out of an underground? 
If they just put one decline in 

835
00:45:53,560 --> 00:45:58,000
to go and had all these trucks 
fighting each other up and down,

836
00:45:58,480 --> 00:46:00,240
they would not get 3,000,000 
tonne. 

837
00:46:00,560 --> 00:46:03,480
But the difference, the thing 
that they've done to make it 

838
00:46:03,480 --> 00:46:07,200
possible is having like an 
update client and a down 

839
00:46:07,200 --> 00:46:09,400
decline. 
So they've spent the money to. 

840
00:46:10,400 --> 00:46:11,480
Simplify the. 
Yeah. 

841
00:46:11,600 --> 00:46:15,920
So also pretty much every truck 
that goes down will go down and 

842
00:46:15,920 --> 00:46:20,760
get loaded and then it'll go 
around some loop or access the 

843
00:46:20,760 --> 00:46:22,840
update client. 
So you've just got they're going

844
00:46:22,840 --> 00:46:24,640
in. 
So instead of them all going 

845
00:46:24,640 --> 00:46:27,440
down and one has to, one has to 
pull off to let the other one 

846
00:46:27,840 --> 00:46:31,320
passed and like just back and 
forth, back and forth, they, 

847
00:46:31,320 --> 00:46:34,240
they've just got to have this 
circuit where it'll just, and 

848
00:46:34,240 --> 00:46:37,400
that, that could be worth, I 
don't know, that could be worth 

849
00:46:37,400 --> 00:46:40,880
half a million tonne a year just
in efficiency at least. 

850
00:46:40,880 --> 00:46:45,880
And that's the thing, it's sort 
of hard to quantify the the 

851
00:46:45,880 --> 00:46:50,000
benefits or the outcomes of that
because yes, there's obviously 

852
00:46:50,000 --> 00:46:53,800
capital involved to put that in 
place. 

853
00:46:54,280 --> 00:46:56,920
But then it's like, Oh well, 
what's my return on it? 

854
00:46:56,960 --> 00:47:02,040
And it's sort of hard to, it's 
hard to quantify what the, the 

855
00:47:02,040 --> 00:47:05,440
benefit is because it's like, Oh
well, because I'm able to get in

856
00:47:05,440 --> 00:47:08,160
and out of the mind quicker. 
I'm not getting in people's way,

857
00:47:08,400 --> 00:47:12,280
you know, perhaps I can, you 
know, get so much more tons in a

858
00:47:12,280 --> 00:47:14,560
particular shift or a particular
week and stuff. 

859
00:47:14,560 --> 00:47:20,040
So yeah, like you'd never really
think to, I guess from my 

860
00:47:20,040 --> 00:47:22,840
perspective, think to even like 
look at something like that. 

861
00:47:22,880 --> 00:47:26,920
Oh, and it's like because they 
might need that amount of tons 

862
00:47:27,400 --> 00:47:30,680
to like make money like at 
scale, like, you know, a gold 

863
00:47:30,680 --> 00:47:34,440
mine with all the people and 
equipment and everything 

864
00:47:34,440 --> 00:47:35,680
provided. 
They're not going to just mine 

865
00:47:35,680 --> 00:47:38,240
200,000 tonne a year. 
It's not going to pay for 

866
00:47:38,240 --> 00:47:40,160
everything. 
Like they might need to get to 

867
00:47:40,160 --> 00:47:41,800
get the share market happy and 
everything. 

868
00:47:42,080 --> 00:47:44,280
They might need to get 1,000,000
tonne. 

869
00:47:44,640 --> 00:47:49,400
But there is so many things that
conhibit that I said like just 

870
00:47:49,400 --> 00:47:54,560
all body location when they're 
all spread out and that means 

871
00:47:54,560 --> 00:47:58,280
there's more capital required to
get to each of them, more vent 

872
00:47:58,280 --> 00:47:59,600
required, which costs more 
money. 

873
00:47:59,600 --> 00:48:02,880
So like your operating costs, 
your capital cost goes up and 

874
00:48:02,880 --> 00:48:05,720
even probably your operating 
cost goes up because it's not as

875
00:48:05,720 --> 00:48:08,760
efficient because you're just 
it's all over the shop. 

876
00:48:08,760 --> 00:48:11,520
But when you've got a simple 
operation, you might need less 

877
00:48:11,520 --> 00:48:14,560
machinery to get the same amount
of material out. 

878
00:48:14,760 --> 00:48:19,880
And then like it's like ground 
hardness like rock like that can

879
00:48:20,080 --> 00:48:24,200
and ground conditions like and 
water like as soon as you start.

880
00:48:24,600 --> 00:48:26,760
Water. 
Water what's what's it's 

881
00:48:27,120 --> 00:48:28,560
probably. 
Just a simple. 

882
00:48:28,560 --> 00:48:32,280
Question of what what What's the
What's water really important 

883
00:48:32,280 --> 00:48:33,800
for underground for those who 
don't know. 

884
00:48:34,000 --> 00:48:36,360
Well, or you need water to power
the rigs. 

885
00:48:36,600 --> 00:48:40,120
Yeah, but then water if there's 
too much water and you're trying

886
00:48:40,120 --> 00:48:43,760
to develop a decline, but you 
can't pump the water out to have

887
00:48:43,760 --> 00:48:46,800
a clean area down there to put 
all the holes in and charge it 

888
00:48:46,800 --> 00:48:48,040
all. 
You just can't. 

889
00:48:48,120 --> 00:48:50,720
It's just a you're in a friggin 
standstill nearly. 

890
00:48:50,960 --> 00:48:55,040
So water can be waters can be 
your biggest. 

891
00:48:55,240 --> 00:48:57,360
The only thing you need 
waterfalls to, you know, wash 

892
00:48:57,360 --> 00:48:58,760
everything down and power the 
rigs. 

893
00:48:59,400 --> 00:49:02,400
But which is if you don't have 
it, you can't do anything. 

894
00:49:02,600 --> 00:49:05,280
But then if you have too much of
it coming. 

895
00:49:05,280 --> 00:49:08,200
Through the ground. 
It completely fucks the joint. 

896
00:49:08,200 --> 00:49:10,640
So I'll, I'll take you through 
the journey. 

897
00:49:10,640 --> 00:49:14,640
If the if you're developing the 
ideal mind or the OR a shit one,

898
00:49:15,400 --> 00:49:18,360
and a lot of it's out, it's out 
of the owner's control. 

899
00:49:18,360 --> 00:49:20,440
It's what was what God put 
there. 

900
00:49:20,800 --> 00:49:23,200
Yeah. 
So you cut the border, which is 

901
00:49:23,200 --> 00:49:28,520
the coming in from the surface 
or in from in from a pit or 

902
00:49:28,520 --> 00:49:30,480
whatever, and you start mining 
the. 

903
00:49:30,480 --> 00:49:33,520
Front door to the front the. 
Front door, best way to put it. 

904
00:49:33,840 --> 00:49:37,960
So your ideal situation is like 
the ground's nice and competent.

905
00:49:39,160 --> 00:49:42,680
It's not not too hard. 
Like if it's too hard, it takes 

906
00:49:42,680 --> 00:49:46,960
so long to drill all the holes 
and you're just it's, it's just.

907
00:49:47,560 --> 00:49:48,680
You need sort of something in 
the middle. 

908
00:49:48,680 --> 00:49:51,720
That boring process of showing 
for an old drive, you could 

909
00:49:51,720 --> 00:49:56,080
either take you, it could take 
you an hour in good ground like 

910
00:49:56,080 --> 00:49:58,880
just which is easy to get 
through, or it might take you 2 

911
00:49:58,880 --> 00:50:00,920
hours in if it's really, really 
hard. 

912
00:50:01,800 --> 00:50:06,240
So that's like that's a lot less
meters per jumbo depending on 

913
00:50:06,240 --> 00:50:09,160
the hardness. 
So I say you're going through 

914
00:50:09,160 --> 00:50:13,400
punching that in like it's all 
if it's nice and competent, that

915
00:50:13,400 --> 00:50:16,240
means you don't need shit loads 
of ground support. 

916
00:50:16,240 --> 00:50:18,400
It's just normal mesh and split 
sets. 

917
00:50:18,840 --> 00:50:23,920
Whereas if the ground is like 
poor and it's falling in or like

918
00:50:23,920 --> 00:50:26,960
you might need to put shock 
crate up, which is cement. 

919
00:50:26,960 --> 00:50:29,840
So it's like an extra machine 
that has an extra cost you have 

920
00:50:29,840 --> 00:50:31,680
to put in. 
Then you might have to put mesh 

921
00:50:31,680 --> 00:50:34,240
over the top of that. 
Then you might have to put resin

922
00:50:34,240 --> 00:50:38,800
bolts in, which which take twice
as long, even more than split 

923
00:50:38,800 --> 00:50:41,040
sets like it might, and it costs
more. 

924
00:50:41,280 --> 00:50:43,000
Oh, it's just because you got to
put the glue in. 

925
00:50:43,000 --> 00:50:45,400
Then you got to put the bolt in.
So it's an extra step. 

926
00:50:45,600 --> 00:50:49,040
Two steps and then if it's shit 
ground you might be scale and 

927
00:50:49,040 --> 00:50:54,480
heaps like it's that. 
So ideally if it's competent, 

928
00:50:54,960 --> 00:50:57,880
you can drill quick enough. 
It's not much ground support, 

929
00:50:57,960 --> 00:51:01,280
the whole mind just flows. 
It's just easy. 

930
00:51:02,840 --> 00:51:08,120
And whereas you might have hard 
ground in common ground, but it 

931
00:51:08,120 --> 00:51:11,600
might, you might drill a 4 1/2 
meter hole and I blast out three

932
00:51:11,600 --> 00:51:14,720
meters and you've got all this 
shit you got to scale off called

933
00:51:14,720 --> 00:51:18,400
the butt. 
So I like the I don't know what 

934
00:51:18,400 --> 00:51:23,400
I don't know what the word the 
exca Excava excavability. 

935
00:51:23,840 --> 00:51:25,960
Not at all. 
They're just like the blaster, 

936
00:51:26,160 --> 00:51:28,840
how blaster bullet is like some 
ground blasts easy. 

937
00:51:28,840 --> 00:51:31,960
Some ground is a pain in the ass
to do it. 

938
00:51:31,960 --> 00:51:36,040
So and that can fuck you around.
So like your meters advance per 

939
00:51:36,040 --> 00:51:38,720
cycle is lower, so you're not 
getting as far. 

940
00:51:39,080 --> 00:51:44,320
So and then like if the ground 
shit like between putting, 

941
00:51:44,760 --> 00:51:48,000
putting up extra ground support 
takes heaps longer cost heaps 

942
00:51:48,000 --> 00:51:50,960
more. 
So like the meters you get it, 

943
00:51:51,640 --> 00:51:55,600
you know, or like for John D 
when I was there, awesome 

944
00:51:55,600 --> 00:51:57,800
ground. 
Like don't need heaps of ground 

945
00:51:57,800 --> 00:51:59,240
support. 
There's just, you know, all 

946
00:51:59,240 --> 00:52:02,520
drivers, like 3 sheets of mesh 
and bloody 20 bolts or 

947
00:52:02,520 --> 00:52:05,360
something. 
And you, you're in and out in an

948
00:52:05,360 --> 00:52:07,200
hour. 
And whereas some mines you might

949
00:52:07,200 --> 00:52:09,760
be balding and heading for five 
or six hours because it's got 

950
00:52:09,760 --> 00:52:13,520
all these different forms of 
ground support and it's all 

951
00:52:13,520 --> 00:52:15,560
those factors. 
And so now and what the ground 

952
00:52:15,560 --> 00:52:19,480
conditions are. 
So if I'm looking out of mind to

953
00:52:19,480 --> 00:52:23,160
hit targets, it's like when 
they're talking about the 

954
00:52:23,160 --> 00:52:26,040
ground, ground's really hard. 
So it's really slow or the 

955
00:52:26,040 --> 00:52:28,200
ground conditions are poor and 
it needs types of ground 

956
00:52:28,200 --> 00:52:31,600
support. 
And your meters per jumbo are a 

957
00:52:31,600 --> 00:52:33,440
lot lower. 
Like you just know it's hard 

958
00:52:33,440 --> 00:52:36,360
work. 
So that means production will 

959
00:52:36,360 --> 00:52:38,960
catch up to development quickly.
Everything's going to be on top 

960
00:52:38,960 --> 00:52:42,240
of each other. 
And so you can sort it from 

961
00:52:42,480 --> 00:52:46,640
after working in it and applying
it to because I guess fight like

962
00:52:46,640 --> 00:52:49,520
looking at the financials are 
all, you know, backwards looking

963
00:52:49,600 --> 00:52:52,000
like it's like this is how much 
it's cost. 

964
00:52:52,000 --> 00:52:54,880
This is the this is what the mod
the models are predicting for 

965
00:52:54,880 --> 00:52:57,800
the future based on their 
guidance and everything. 

966
00:52:57,800 --> 00:53:02,120
Like, whereas I think if you 
look at the, the ore body and 

967
00:53:02,120 --> 00:53:05,560
the mind design and the ground 
conditions and it, as I said, if

968
00:53:05,560 --> 00:53:09,600
there's water, like if there's 
water, natural water coming in, 

969
00:53:09,600 --> 00:53:12,520
that makes everything difficult.
Like controlling that can take 

970
00:53:12,520 --> 00:53:14,840
time. 
And like all those factors you 

971
00:53:14,840 --> 00:53:17,800
think of like you can sort of 
analyse like, right? 

972
00:53:17,800 --> 00:53:20,680
Can you predict any if this is 
going to be an easy mine or a 

973
00:53:20,680 --> 00:53:24,960
hard mine, like to hit targets 
like, and sometimes the, it's 

974
00:53:24,960 --> 00:53:30,040
just the most boring, simple 
vertical narrow vine mines that 

975
00:53:30,040 --> 00:53:33,360
just keep going and going, just 
continue to make money. 

976
00:53:34,280 --> 00:53:41,720
And whereas the the ones that 
have got shit ground hot, like a

977
00:53:41,720 --> 00:53:45,040
lot of bloody cost of 
infrastructures like because 

978
00:53:45,040 --> 00:53:48,640
you've got to put that much in 
like it just they just seem to 

979
00:53:48,640 --> 00:53:52,960
be always chasing their tail. 
But then sort of taking it a, a 

980
00:53:52,960 --> 00:53:56,200
step back. 
So as far as the process, so you

981
00:53:56,200 --> 00:53:59,440
said you open up the, the 
portal, the front door to the 

982
00:53:59,440 --> 00:54:03,000
underground mine. 
Then then what happens after 

983
00:54:03,000 --> 00:54:04,280
that? 
Because we sort of we sort of 

984
00:54:04,280 --> 00:54:06,960
jumped straight to the jumbo and
the production side. 

985
00:54:06,960 --> 00:54:09,640
So, so but what happens all 
before that, before the the 

986
00:54:09,680 --> 00:54:11,440
jumbos and the production rigs 
get in? 

987
00:54:11,440 --> 00:54:13,160
Well, that the jumbos do in the 
portal. 

988
00:54:13,160 --> 00:54:14,120
They're they're doing the 
portal. 

989
00:54:14,120 --> 00:54:16,120
Yeah, so they do that whole 
thing the whole way down. 

990
00:54:16,120 --> 00:54:19,920
But if, as I said, if the, if 
your cycle's taken twice as long

991
00:54:19,920 --> 00:54:23,040
because of shit ground or more 
ground support needed, that 

992
00:54:23,040 --> 00:54:27,040
means it takes you 2 years to 
get to 1st production instead of

993
00:54:27,040 --> 00:54:31,080
one year because you've it takes
you twice as long to develop all

994
00:54:31,080 --> 00:54:33,440
the drives and decline and, and 
everything. 

995
00:54:33,440 --> 00:54:38,960
So yeah, that's why you know, 
for them to companies will say, 

996
00:54:39,120 --> 00:54:42,640
oh, we got first production in 
November next year, just 12 

997
00:54:42,640 --> 00:54:45,040
months away. 
They're like, and they finally 

998
00:54:45,040 --> 00:54:48,200
just cut the portal. 
It's like that's how they can 

999
00:54:48,200 --> 00:54:50,120
sort of come unstuck because 
they get in there and they're 

1000
00:54:50,120 --> 00:54:54,040
like Adriatic perfect example. 
They predicted all these things 

1001
00:54:54,040 --> 00:54:56,920
began then get down there and 
the ground was absolutely shit 

1002
00:54:57,360 --> 00:54:59,960
and it just kept all and they 
had to put all this extra ground

1003
00:54:59,960 --> 00:55:05,680
support in and everything just 
blew out because I think mostly 

1004
00:55:05,680 --> 00:55:08,520
a function of ground conditions 
that they did not predict. 

1005
00:55:08,880 --> 00:55:11,160
And then it just blew out. 
Timelines blew out first 

1006
00:55:11,160 --> 00:55:14,640
concentrate because you just, 
you can only mine as quick as 

1007
00:55:14,640 --> 00:55:16,560
the operator and the ground let 
you. 

1008
00:55:17,920 --> 00:55:21,760
So yeah. 
So you cut the portal and then 

1009
00:55:21,760 --> 00:55:28,160
the decline is basically the is 
that sort of like the could you 

1010
00:55:28,160 --> 00:55:30,600
think of it as like the main 
freeway that everyone sort of 

1011
00:55:30,600 --> 00:55:34,000
comes on and off on to go back 
out? 

1012
00:55:34,080 --> 00:55:36,400
The good analogies. 
Jason, I'm trying to simplify it

1013
00:55:36,400 --> 00:55:38,640
for my brain. 
It's like the the decline is the

1014
00:55:38,640 --> 00:55:40,880
freeway and all the levels are 
the streets. 

1015
00:55:40,880 --> 00:55:42,800
The streets, Yeah. 
Oh, that's actually, yeah, 

1016
00:55:42,800 --> 00:55:45,280
that's a good visual actually. 
That's OK. 

1017
00:55:45,280 --> 00:55:49,320
And then you got all the levels 
and then sort of as you, you 

1018
00:55:49,360 --> 00:55:50,760
pretty much. 
You could think like, you could 

1019
00:55:50,760 --> 00:55:54,440
think of the ore drives as 
Peppermint Drive. 

1020
00:55:55,200 --> 00:55:57,480
So what do you that's like, 
that's like the Boulevard, 

1021
00:55:57,800 --> 00:55:59,880
that's where all the money is. 
You've got like, well, West 

1022
00:55:59,880 --> 00:56:03,360
Coast Dr. Broome, St. 
Mummy and St. the 6011. 

1023
00:56:03,360 --> 00:56:06,560
Yeah, all of coming off Stirling
Highway. 

1024
00:56:06,600 --> 00:56:10,520
Yeah, yeah. 
OK, so that's sort of that's 

1025
00:56:10,520 --> 00:56:14,640
actually just visually thinking 
about it that like that really 

1026
00:56:14,880 --> 00:56:18,840
simplifies it for me. 
But actually going, I know we're

1027
00:56:18,840 --> 00:56:21,120
sort of jumping around here, but
just sort of getting in the 

1028
00:56:21,120 --> 00:56:24,360
weeds and stuff is awesome. 
So like what have you talked 

1029
00:56:24,360 --> 00:56:28,960
about before sort of certain 
stats, you know, they appear, 

1030
00:56:29,360 --> 00:56:32,480
you know, you know, sort of 
simple or a bit rudimentary, but

1031
00:56:32,480 --> 00:56:37,160
then what it can perhaps signal 
of what's to come with the mine 

1032
00:56:37,160 --> 00:56:40,040
or what's sort of happening at 
the mine and stuff. 

1033
00:56:40,400 --> 00:56:43,880
What are what are some other 
ones that are you know or gives 

1034
00:56:43,880 --> 00:56:46,720
you, you know, say if in a ramp 
up situation that you think, OK,

1035
00:56:47,360 --> 00:56:51,960
ramp up seems to be going well 
or things are maybe a bit slower

1036
00:56:52,080 --> 00:56:56,720
than anticipated. 
Oh, it's the average metres per 

1037
00:56:56,720 --> 00:57:00,560
month per jumbo is usually the 
an indicator. 

1038
00:57:00,560 --> 00:57:06,280
Like if it's, if the jumbos are 
killing it, like just you know, 

1039
00:57:06,280 --> 00:57:08,360
there's not many jumbos, they're
getting a lot of metres. 

1040
00:57:08,720 --> 00:57:12,000
That's an indication straight 
away that oh, the ground's good.

1041
00:57:12,080 --> 00:57:14,400
Like it's obviously. 
They're working their way 

1042
00:57:14,480 --> 00:57:16,440
through. 
Easy digging and means like, oh,

1043
00:57:16,440 --> 00:57:19,480
they obviously don't need too 
much ground support like so the 

1044
00:57:19,480 --> 00:57:24,640
ground conditions must be good. 
You know that you know, if 

1045
00:57:24,680 --> 00:57:26,520
they're they're in the four 
hundreds or something, you're 

1046
00:57:26,520 --> 00:57:28,440
like, oh shit, that's bloody, 
that's good gun. 

1047
00:57:28,440 --> 00:57:34,000
Well, that's whereas, you know, 
if they've struggling to get 

1048
00:57:34,000 --> 00:57:38,200
300, you're like, OK, why are 
they only getting 300? 

1049
00:57:38,200 --> 00:57:40,440
Is it do they need a lot of 
ground support? 

1050
00:57:41,280 --> 00:57:46,680
Is the ground really hard? 
Is you know, is it really spread

1051
00:57:46,680 --> 00:57:48,600
out? 
Like is that the issue? 

1052
00:57:49,880 --> 00:57:53,800
Is how does someone like me know
how much meters a jumbo should 

1053
00:57:53,800 --> 00:57:56,760
be doing a a month or 1/4 at a 
particular mine? 

1054
00:57:56,800 --> 00:57:59,080
Oh just do they know? 
Does the company normally say 

1055
00:57:59,120 --> 00:58:01,280
this is? 
No, it just says, oh, they'll 

1056
00:58:01,280 --> 00:58:03,680
say it in the feasibility study 
and everything, but it's just 

1057
00:58:03,680 --> 00:58:06,520
based on knowing what a jumbo 
can achieve. 

1058
00:58:07,600 --> 00:58:11,600
And, you know, normally they've,
if they've got good, good people

1059
00:58:11,600 --> 00:58:13,480
there, like they're, they want 
to achieve. 

1060
00:58:13,480 --> 00:58:15,400
And like, there's, you know, 
there's obviously different 

1061
00:58:15,400 --> 00:58:18,840
levels of skills. 
Like there's you, they pay shit 

1062
00:58:18,840 --> 00:58:21,440
loads that are, you know, going 
to get that are going to get 

1063
00:58:21,440 --> 00:58:23,320
more and that bring good people 
with them. 

1064
00:58:23,680 --> 00:58:26,680
Or if they're just they're not 
going to pay shit loads, they 

1065
00:58:26,680 --> 00:58:30,120
might get someone a bit down the
run that and it just doesn't 

1066
00:58:30,120 --> 00:58:33,160
flow as much. 
But it's, it's a money trade 

1067
00:58:33,160 --> 00:58:37,440
off. 
But it's that, that's, that's 

1068
00:58:37,560 --> 00:58:40,360
sort of one that because that's 
the hardest thing in like 

1069
00:58:40,440 --> 00:58:42,880
quarterlies and that like 
they're not going to, they don't

1070
00:58:42,880 --> 00:58:47,640
go into too much detail, but you
want to know, it's just sort of 

1071
00:58:47,640 --> 00:58:52,960
a bit of an indicator on how 
the, because so if the, if the 

1072
00:58:52,960 --> 00:58:55,320
ground can, if they're not 
putting much ground support up, 

1073
00:58:55,320 --> 00:58:58,960
but they're still not getting 
heaps of metres, that means 

1074
00:58:58,960 --> 00:59:01,640
that, OK, the ground's obviously
really hard. 

1075
00:59:02,440 --> 00:59:05,520
And so that that's making it 
slow for the jumbos, which means

1076
00:59:05,520 --> 00:59:08,280
OK, that's going to make it slow
for the jumbos to get ahead of 

1077
00:59:08,280 --> 00:59:10,400
production. 
And production and development 

1078
00:59:10,400 --> 00:59:12,880
are always going to be fighting.
It's going to be hard to get 

1079
00:59:12,880 --> 00:59:16,800
sort of a consistency. 
And it might and it might, you 

1080
00:59:16,800 --> 00:59:20,440
know, I mean that it's really 
hard and holes might deviate if 

1081
00:59:20,440 --> 00:59:23,880
they overfeed or, or whatever, 
like, and it's just like, oh, 

1082
00:59:23,960 --> 00:59:28,320
it's like, fuck, there's could 
be some dramas coming up. 

1083
00:59:28,320 --> 00:59:31,160
And then or if it says they're 
putting in lots of ground 

1084
00:59:31,160 --> 00:59:35,320
support because the ground 
conditions are poor, it's like, 

1085
00:59:35,320 --> 00:59:37,600
OK, well, if the ground 
conditions are poor in 

1086
00:59:37,600 --> 00:59:40,280
development, that means when 
they go into production, they're

1087
00:59:40,280 --> 00:59:41,720
probably going to be poor as 
well. 

1088
00:59:42,320 --> 00:59:45,760
It usually, usually Adriatic was
actually the other way around. 

1089
00:59:45,760 --> 00:59:48,120
There was poor ground conditions
in the capital, but the ground 

1090
00:59:48,120 --> 00:59:51,400
got actually good in the ore, 
which is oh, OK, yeah, 

1091
00:59:51,400 --> 00:59:54,640
completely the opposite. 
So that then you can infer from 

1092
00:59:54,640 --> 00:59:57,840
that, OK, if the ground 
conditions are poor, that means 

1093
00:59:58,480 --> 01:00:01,680
it may dilute the grade of the 
reserve. 

1094
01:00:01,680 --> 01:00:05,760
The reserve might apply. 10 to 
20% unplanned dilution, that 

1095
01:00:05,760 --> 01:00:08,040
might be high. 
So that may might mean the head 

1096
01:00:08,040 --> 01:00:11,680
grade might be lower going 
through the mill. 

1097
01:00:11,680 --> 01:00:14,800
It's like, OK, that means there 
might be a risk of not hitting 

1098
01:00:14,800 --> 01:00:18,800
guidance and so you can sort of 
use all that. 

1099
01:00:18,880 --> 01:00:21,720
Just a bit of a leading 
indicator of what might be 

1100
01:00:21,720 --> 01:00:24,120
happening along the way. 
Yeah, yeah. 

1101
01:00:24,120 --> 01:00:25,880
And it's like, and they're, 
they're never going to really 

1102
01:00:26,000 --> 01:00:28,400
tell like you'd probably see 
from a site visit the level of 

1103
01:00:28,400 --> 01:00:32,480
ground support that goes in and 
they're not going to really 

1104
01:00:32,520 --> 01:00:35,160
disclose all the details of 
like. 

1105
01:00:35,160 --> 01:00:37,400
That level of granularity. 
Yeah, yeah. 

1106
01:00:37,400 --> 01:00:40,760
And it's like that you, you 
know, and because a lot of these

1107
01:00:40,760 --> 01:00:46,600
mines are restarts, like, like 
you knew Bellevue was hard 

1108
01:00:46,600 --> 01:00:49,360
before Bellevue started because 
it was a historical mine. 

1109
01:00:49,800 --> 01:00:52,280
So all the people that used to 
work in it were like, oh, it's 

1110
01:00:52,280 --> 01:00:57,320
bloody hard as anything, you 
know, like Andy, Well, for 

1111
01:00:57,320 --> 01:01:00,440
instance, that's a race start. 
People have worked there before,

1112
01:01:00,440 --> 01:01:02,960
like the and the ground was 
laminated. 

1113
01:01:02,960 --> 01:01:04,880
Then I assume it still is 
laminated. 

1114
01:01:06,120 --> 01:01:11,800
So like you, that's the thing. 
It's like, it's not like, I 

1115
01:01:11,840 --> 01:01:14,280
don't know, you can ask people 
that have worked, worked, worked

1116
01:01:14,280 --> 01:01:16,840
at these places 20 years ago. 
What was that joint like to work

1117
01:01:16,840 --> 01:01:17,720
out? 
What were the issues? 

1118
01:01:17,720 --> 01:01:19,200
They're like, oh, yada, yada, 
yada. 

1119
01:01:19,720 --> 01:01:24,200
I don't think it's, I don't 
think that's illegal to like ask

1120
01:01:24,200 --> 01:01:25,880
someone that's worked in a mine 
before. 

1121
01:01:25,880 --> 01:01:28,800
What was the ground like? 
It's just a personal 

1122
01:01:28,800 --> 01:01:30,280
conversation. 
Yeah. 

1123
01:01:30,600 --> 01:01:35,880
And then so the actual, the sort
of the the mining, the 

1124
01:01:35,880 --> 01:01:38,920
underground mining method, I 
mean we sort of ran through it A

1125
01:01:39,240 --> 01:01:43,760
at a high level just sort of as 
we're chatting is that is that 

1126
01:01:43,760 --> 01:01:46,120
the only way you can mine 
underground? 

1127
01:01:46,120 --> 01:01:49,720
I imagine there's, you know, you
hear the terms like block caving

1128
01:01:49,720 --> 01:01:53,960
and other sorts of things. 
So is that just because I heard,

1129
01:01:54,000 --> 01:01:58,560
is it long haul open soaping is 
that's what you've described? 

1130
01:01:58,560 --> 01:02:01,200
Yeah, yeah, pretty much that. 
And that's the most common one 

1131
01:02:01,200 --> 01:02:04,120
in Australia. 
It's long haul open stopping. 

1132
01:02:04,120 --> 01:02:08,520
It's just, yeah, it's just 
mining, mining the veins out for

1133
01:02:09,720 --> 01:02:11,560
whatever commodity you're mining
where. 

1134
01:02:11,560 --> 01:02:16,840
But when it's like bulk, like a 
copper gold porphyry or like a 

1135
01:02:16,840 --> 01:02:20,120
big bulk ore body, that's when 
your cavings come into it. 

1136
01:02:20,120 --> 01:02:22,240
Like our gold diamond mine that 
was a block cave. 

1137
01:02:22,240 --> 01:02:24,560
It was just because it's like a 
diamond. 

1138
01:02:24,680 --> 01:02:28,960
The pipe they just block caved 
the pipe Telfer. 

1139
01:02:29,160 --> 01:02:32,280
Telfer was actually the sub 
level cave, which is it's 

1140
01:02:33,080 --> 01:02:35,440
different to a block cave. 
You just mine the levels and 

1141
01:02:35,760 --> 01:02:38,480
like instead of going all the 
way to the bottom and letting 

1142
01:02:38,480 --> 01:02:41,600
the whole thing cave you just 
sort of you still mine each 

1143
01:02:41,600 --> 01:02:45,080
level and then it gradually just
caves down and you just follow 

1144
01:02:45,080 --> 01:02:47,240
it down a bit different. 
You just still develop every 

1145
01:02:47,240 --> 01:02:49,600
level. 
Go watch a video on YouTube if 

1146
01:02:49,600 --> 01:02:50,880
anyone wants to know the 
difference. 

1147
01:02:51,840 --> 01:02:58,800
But I think that was just a heap
of gold vines like in an area. 

1148
01:02:58,800 --> 01:03:01,280
And it's like, well, instead of 
mining them independently and 

1149
01:03:01,280 --> 01:03:05,000
fucking around, we'll just take 
it all together as a bulk low 

1150
01:03:05,000 --> 01:03:10,800
grade operation like Leinster 
Perseverance, the nickel 

1151
01:03:10,920 --> 01:03:14,000
operation. 
That was a sub level cave like 

1152
01:03:14,000 --> 01:03:17,880
Maggie Hayes, which was all I 
think it was like Nora List. 

1153
01:03:17,880 --> 01:03:19,400
The Russians owned that back in 
the day. 

1154
01:03:19,400 --> 01:03:20,880
I think that was a sub level 
cave. 

1155
01:03:21,640 --> 01:03:25,120
I think Redeemer back in the day
that was a sub level cave. 

1156
01:03:25,120 --> 01:03:27,200
I think it's some other ones 
around. 

1157
01:03:27,280 --> 01:03:30,760
And like you know, your big sub 
level caves and block caves in 

1158
01:03:30,760 --> 01:03:35,360
Australia or Arcadia. 
That's like the like even 

1159
01:03:36,400 --> 01:03:41,400
Tanami, like that's a big a big 
mine that's still open stopping.

1160
01:03:41,400 --> 01:03:44,560
Like that's not caved. 
That's a big pretty big decent 

1161
01:03:44,560 --> 01:03:47,000
ore body. 
That's still mind is stopping. 

1162
01:03:47,000 --> 01:03:50,320
It just just depends. 
But you'd pick the the 

1163
01:03:50,400 --> 01:03:56,040
underground mining method based 
on the ore body. 

1164
01:03:56,120 --> 01:03:59,080
The ore body show Ernest Henry, 
that was another sub level cave 

1165
01:03:59,880 --> 01:04:01,840
that's like, yeah, ore body 
shape. 

1166
01:04:01,840 --> 01:04:05,520
Like who's doing it? 
Like to do a block cave it has 

1167
01:04:05,520 --> 01:04:11,320
to be done by a a Newmont or a 
BHP or a Rea because they have 

1168
01:04:11,320 --> 01:04:14,520
the capital and the money behind
them to develop all the way down

1169
01:04:14,520 --> 01:04:16,760
to the bottom and not make any 
money for. 

1170
01:04:17,560 --> 01:04:18,520
Ages. 
Yep. 

1171
01:04:18,520 --> 01:04:24,240
And then create a block cave, 
whereas a bloody Northern Star 

1172
01:04:24,400 --> 01:04:26,600
might. 
They're not at that scale. 

1173
01:04:26,600 --> 01:04:30,360
They're like now we want cash 
flow, now we're going. 

1174
01:04:30,360 --> 01:04:33,640
To develop aggressively. 
Friggin soaping operation or a 

1175
01:04:33,640 --> 01:04:38,760
sub level cave because we want 
cash now just but it is all body

1176
01:04:38,760 --> 01:04:41,440
dependent but a lot who's minded
it as well. 

1177
01:04:42,240 --> 01:04:46,360
And then the the last question 
I'd like to ask you, and I think

1178
01:04:46,360 --> 01:04:48,200
we've also gone for around an 
hour as well. 

1179
01:04:50,000 --> 01:04:56,240
What's something or a couple of 
things about underground mining 

1180
01:04:57,600 --> 01:05:03,560
that are really underappreciated
that you want people to know If 

1181
01:05:03,560 --> 01:05:06,960
you could stand in the middle of
Saint George's Terrace To all 

1182
01:05:06,960 --> 01:05:10,400
the brokers and the bankers who 
just like maybe don't understand

1183
01:05:10,400 --> 01:05:14,120
this as well and go, you know, 
you need to know about this. 

1184
01:05:14,120 --> 01:05:15,640
This is this is really 
important. 

1185
01:05:15,640 --> 01:05:19,000
You need to appreciate this. 
Yeah, well it's all we've talked

1186
01:05:19,000 --> 01:05:20,680
about a bit today. 
Like it's funny. 

1187
01:05:20,680 --> 01:05:27,120
Safety is like, you know, it is 
at the top of top of the bloody 

1188
01:05:27,120 --> 01:05:28,960
announcement. 
Usually there we take the piss 

1189
01:05:28,960 --> 01:05:31,920
out of it a bit. 
But if you're not having 

1190
01:05:31,920 --> 01:05:35,920
incidents on site it means 
management aren't fucking around

1191
01:05:35,920 --> 01:05:39,200
doing icams and like having 
people in the office. 

1192
01:05:39,240 --> 01:05:41,640
OK, sorry, it's. 
Like a safety investigation 

1193
01:05:41,640 --> 01:05:44,280
process, OK, incident 
investigation process. 

1194
01:05:45,520 --> 01:05:47,320
If they're bugging around doing 
all that shit, they're not 

1195
01:05:47,320 --> 01:05:50,000
focusing on mining. 
So if there's like a a site that

1196
01:05:50,000 --> 01:05:53,480
doesn't have many incidents, the
whole everything just flows. 

1197
01:05:53,480 --> 01:05:55,640
Everything's easy. 
No one's hurting for themselves.

1198
01:05:55,640 --> 01:05:57,840
Like, you know, things are 
getting done right. 

1199
01:05:58,560 --> 01:06:03,880
That's that's a a thing that's 
probably under appreciated from 

1200
01:06:04,160 --> 01:06:07,320
the investor side. 
It's just a it's just a bit of a

1201
01:06:07,320 --> 01:06:10,640
number. 
But and obviously you don't, you

1202
01:06:10,640 --> 01:06:14,160
do not want people going up 
there being hurt or worse. 

1203
01:06:14,520 --> 01:06:17,440
Yes, trying to earn a living 
like it's just freaking 

1204
01:06:17,480 --> 01:06:19,000
horrible. 
Absolutely. 

1205
01:06:19,480 --> 01:06:23,760
So that, and that's, but the 
success of a mine is like, you 

1206
01:06:23,760 --> 01:06:28,680
know, is the safe, the safest 
minds and the happiest minds is 

1207
01:06:28,680 --> 01:06:32,720
some are usually the most 
productive and the most, which 

1208
01:06:32,840 --> 01:06:34,520
return more money to 
shareholders. 

1209
01:06:35,280 --> 01:06:39,240
Like hate like, and, and that's 
what like these models and 

1210
01:06:39,240 --> 01:06:43,000
everything when they people dish
management, they're like, oh, 

1211
01:06:43,000 --> 01:06:45,800
manage, that's management's job.
As in like the fucking managing 

1212
01:06:45,800 --> 01:06:47,960
director or whatever. 
This one person. 

1213
01:06:48,320 --> 01:06:50,920
Well, as I said, there are 
hundreds of people working on 

1214
01:06:50,920 --> 01:06:55,160
these mine sites and there's so 
many layers of middle management

1215
01:06:55,160 --> 01:06:59,680
that are trying to get all these
things to happen to deliver 

1216
01:07:00,760 --> 01:07:06,320
1,000,000 tonne to the mill and 
150,000 oz like it is. 

1217
01:07:07,240 --> 01:07:09,840
There is so much that goes into 
it and then. 

1218
01:07:09,840 --> 01:07:13,360
So many variables to control and
some that are out of your 

1219
01:07:13,360 --> 01:07:15,640
control. 
Oh, mate, and the, and the, the 

1220
01:07:15,640 --> 01:07:19,680
pressure and responsibility on 
the management, especially like 

1221
01:07:19,680 --> 01:07:23,960
the, the senior execs here like 
that are employing a lot of 

1222
01:07:23,960 --> 01:07:26,880
people and that employ a lot of 
people and have to trust these 

1223
01:07:26,880 --> 01:07:30,160
people to do their job. 
So the person below them does 

1224
01:07:30,160 --> 01:07:35,560
their job and everyone does 
their job to get the figures to 

1225
01:07:35,560 --> 01:07:39,280
get it done safely, so they can 
report to the market that 

1226
01:07:39,720 --> 01:07:45,280
they've hit guidance or they've 
just misguided. 

1227
01:07:45,720 --> 01:07:48,360
And what goes into that number 
is phenomenal. 

1228
01:07:48,360 --> 01:07:50,680
And I just don't think people 
appreciate it. 

1229
01:07:50,680 --> 01:07:55,600
So when they sort of hang shit 
on management and about like 

1230
01:07:55,600 --> 01:07:57,880
poor management and poor 
decisions and like they start 

1231
01:07:57,880 --> 01:08:00,360
becoming a bit of a scapegoat. 
It's all from people that 

1232
01:08:00,360 --> 01:08:02,880
haven't been there and done it. 
Like once you've been there and 

1233
01:08:02,880 --> 01:08:06,040
done it and watched it and being
involved in it, there is so much

1234
01:08:06,040 --> 01:08:08,480
that goes into it. 
So yes, it is shareholder money 

1235
01:08:08,800 --> 01:08:12,120
that can be affected by, you 
know, over promotion and and 

1236
01:08:12,120 --> 01:08:14,160
things like that. 
But fuck me, there's a lot of 

1237
01:08:14,160 --> 01:08:18,920
people that work their ass off 
and away from their family and 

1238
01:08:18,920 --> 01:08:23,840
everything to get make all that 
happen that just sort of get 

1239
01:08:23,840 --> 01:08:25,960
consumed by a number at the end 
of the quarter. 

1240
01:08:26,120 --> 01:08:29,399
So yeah, it's maybe that's why 
I'm a bit softer. 

1241
01:08:30,000 --> 01:08:33,240
But what's the other one like? 
Yeah, hey, we talked about hate 

1242
01:08:33,760 --> 01:08:39,560
barking hard work like that's 
and what else? 

1243
01:08:40,960 --> 01:08:45,000
Oh, the amount of just probably 
the amount of the service 

1244
01:08:45,000 --> 01:08:49,520
providers that go into making 
mines possible and like the the 

1245
01:08:49,520 --> 01:08:52,479
amount of people that are like 
contracting and being a service 

1246
01:08:52,479 --> 01:08:53,640
provider. 
It's not they're all not 

1247
01:08:53,640 --> 01:08:56,080
millionaires. 
A lot of them have might be 

1248
01:08:56,080 --> 01:08:59,080
freaking strung out 90 days 
waiting for payments from mining

1249
01:08:59,080 --> 01:09:00,600
companies. 
Family businesses. 

1250
01:09:00,600 --> 01:09:03,479
Yeah, like, and there's some 
people that have just got it on 

1251
01:09:03,479 --> 01:09:06,200
the line. 
They might get rich when they're

1252
01:09:06,200 --> 01:09:09,600
60, but far out. 
There's some people that have 

1253
01:09:09,600 --> 01:09:14,680
some bloody minerals to, you 
know, assist the mining 

1254
01:09:14,680 --> 01:09:16,680
industry. 
So pay your invoices on time. 

1255
01:09:17,040 --> 01:09:20,439
Mining companies don't fuck 
around with trade payables, but 

1256
01:09:20,439 --> 01:09:23,520
look after the small businesses.
Fuck what else? 

1257
01:09:24,160 --> 01:09:25,240
I don't know. 
That's good. 

1258
01:09:25,240 --> 01:09:27,600
Fucking love mining. 
Love it, love it. 

1259
01:09:27,600 --> 01:09:30,040
It's been frigging good to me. 
I wouldn't be sitting here doing

1260
01:09:30,040 --> 01:09:32,160
this if it wasn't for the mining
industry. 

1261
01:09:32,640 --> 01:09:36,880
There's a lot of shit that goes 
around about it, but I can what?

1262
01:09:36,920 --> 01:09:39,000
He makes this fucking country 
great. 

1263
01:09:39,000 --> 01:09:40,040
Go Australia. 
Go. 

1264
01:09:40,160 --> 01:09:43,200
Australian go mining. 
That was that was awesome. 

1265
01:09:43,200 --> 01:09:49,040
I I just like you said the other
day, I I was fascinated by that.

1266
01:09:49,040 --> 01:09:53,160
I think I'll for me, I kind of 
I've knew bits and pieces and 

1267
01:09:53,160 --> 01:09:56,600
then some of the the bits that 
sort of join it together sort of

1268
01:09:56,600 --> 01:10:00,880
got really clarified and really 
solidified in my mind today. 

1269
01:10:00,880 --> 01:10:02,200
So that was, that was. 
Awesome. 

1270
01:10:02,280 --> 01:10:04,560
Oh, and it's like as it's trying
to condense and I think it was a

1271
01:10:04,560 --> 01:10:07,560
comment on the YouTube like 
you're trying to condense like I

1272
01:10:07,560 --> 01:10:10,280
only did it 14 years, which is 
actually probably not. 

1273
01:10:10,280 --> 01:10:13,760
That is not that long compared 
to people that have been in the 

1274
01:10:13,760 --> 01:10:16,120
industry. 
And like just the fucking, the 

1275
01:10:16,120 --> 01:10:20,720
info you can absorb in that time
is like trying to explain it. 

1276
01:10:21,320 --> 01:10:25,360
It's just every time I look at 
a, an announcement or something,

1277
01:10:25,360 --> 01:10:27,760
you sort of apply it to a 
historical learning. 

1278
01:10:28,520 --> 01:10:30,640
Oh, that was hard at that joint.
Is that going to be hard at 

1279
01:10:30,640 --> 01:10:32,320
that, like difficult at that 
joint? 

1280
01:10:33,160 --> 01:10:35,240
Oh, that was that looks like 
this place that was easy. 

1281
01:10:35,240 --> 01:10:37,400
Or is that going to be easy like
it's yeah. 

1282
01:10:37,400 --> 01:10:40,440
And it's just based on what 
you've seen or what you've 

1283
01:10:40,440 --> 01:10:42,880
heard. 
So just keep your ears open, 

1284
01:10:42,880 --> 01:10:45,200
everyone. 
Just talk, talk to talk to 

1285
01:10:45,200 --> 01:10:48,000
everyone. 
You can learn something off 

1286
01:10:48,000 --> 01:10:51,040
everyone. 
Especially, you know, I think 

1287
01:10:51,040 --> 01:10:54,320
you've mentioned this on the on 
the show before, like you, you 

1288
01:10:54,320 --> 01:10:57,760
come across miners or operators 
that have been, you know, doing 

1289
01:10:57,760 --> 01:11:03,440
this for 30-40, you know, maybe 
even longer years and, you know,

1290
01:11:04,200 --> 01:11:07,600
listen to what they have to say.
You know, they've they've seen a

1291
01:11:07,600 --> 01:11:11,680
lot. 
So I mean, I don't think 14 

1292
01:11:11,680 --> 01:11:13,520
years is anything to snooze at 
anyway. 

1293
01:11:13,520 --> 01:11:15,400
So I'm sure the money might have
got. 

1294
01:11:15,400 --> 01:11:16,680
To learn. 
Hey, the last one. 

1295
01:11:16,840 --> 01:11:19,880
The last one, that's all that 
counts, going out on a high. 

1296
01:11:20,600 --> 01:11:21,800
Oh daddy, I wasn't even that 
good. 

1297
01:11:22,160 --> 01:11:24,320
Yeah, now I enjoyed it, but it 
was freaking good fun. 

1298
01:11:24,320 --> 01:11:26,520
Don't miss getting up at 3:45, 
that's for sure. 

1299
01:11:26,960 --> 01:11:30,680
Yeah, that'd be a nice 
refreshing change being back in 

1300
01:11:30,680 --> 01:11:33,160
Perth. 
Oh, now, now I'm just a now I'm 

1301
01:11:33,160 --> 01:11:34,680
just looking at gold 
exploration. 

1302
01:11:36,720 --> 01:11:38,200
Oh. 
Oh, love it. 

1303
01:11:38,720 --> 01:11:40,840
Oh, should we do? 
What could we could do? 

1304
01:11:40,840 --> 01:11:44,200
Rapid fire, right buddy? 
Just to finish it off, just. 

1305
01:11:44,240 --> 01:11:46,560
To to finish it off. 
Yeah, it's pretty much Jake 

1306
01:11:46,560 --> 01:11:49,480
Klein stepping down as to non 
exact. 

1307
01:11:49,960 --> 01:11:50,880
Yeah. 
So, Jake. 

1308
01:11:50,880 --> 01:11:54,600
Evolution. 
And they had a a pretty record 

1309
01:11:54,600 --> 01:11:59,200
half one for FY25 evolution. 
So literally. 

1310
01:11:59,200 --> 01:12:00,640
Doubled the dividend I or 
something? 

1311
01:12:00,640 --> 01:12:04,040
They nearly tripled it. 
Yeah, no, no huge increase 

1312
01:12:04,040 --> 01:12:06,120
there. 
So it was sort of the, yeah, the

1313
01:12:06,120 --> 01:12:10,000
main news which I think was sort
of largely anticipated by the 

1314
01:12:10,000 --> 01:12:11,880
market. 
You know, Jake, the exec chair 

1315
01:12:11,880 --> 01:12:16,560
moving to non exec chair, you 
know, the financial results, you

1316
01:12:16,560 --> 01:12:22,000
know, you know, statutory net 
profit, $365 million, you know, 

1317
01:12:22,240 --> 01:12:25,880
underlying EBITDA, you know, 
just over a billion, a record 

1318
01:12:25,880 --> 01:12:29,400
group cash flow 273,000,000 all 
up, up, up, up, up. 

1319
01:12:29,400 --> 01:12:33,320
So that's was all very exciting.
And they announced the seven 

1320
01:12:33,320 --> 01:12:37,160
cent interim dividend gearing's 
down. 

1321
01:12:37,160 --> 01:12:39,680
They're sort of targeting to get
that down to 20%. 

1322
01:12:39,680 --> 01:12:43,240
It's currently 23. 
So they're targeting get that 

1323
01:12:43,240 --> 01:12:48,240
20% by the end of this financial
year guidance, looking all on 

1324
01:12:48,240 --> 01:12:50,680
track to deliver that for this 
financial year. 

1325
01:12:52,000 --> 01:12:55,960
Just a quick round up of what 
happened at HS at this house. 

1326
01:12:55,960 --> 01:13:00,160
SoCal got that regulatory 
approval to extend the open peer

1327
01:13:00,160 --> 01:13:05,200
operations by 10 years and the 
overall operations to 2042 FID 

1328
01:13:05,720 --> 01:13:08,720
the June 25 quarter. 
And I think they got an 

1329
01:13:08,720 --> 01:13:11,800
annualised mining rate of 
2,000,000 tonnes. 

1330
01:13:11,800 --> 01:13:14,920
So that's sort of a $0.25 
increase in gold production 

1331
01:13:14,920 --> 01:13:16,760
there. 
Ernest Henry was pretty 

1332
01:13:16,760 --> 01:13:20,480
consistent. 
N Parks seems to be doing pretty

1333
01:13:20,480 --> 01:13:22,840
well. 
They generated $122 million in 

1334
01:13:22,840 --> 01:13:25,000
cash flow since they bought that
asset. 

1335
01:13:26,920 --> 01:13:30,240
Red Lake is starting to 
demonstrate some operational 

1336
01:13:30,240 --> 01:13:32,760
consistency. 
So they had a a record half year

1337
01:13:33,320 --> 01:13:36,800
net mine cash flow, 44 mil gold 
production up 38%. 

1338
01:13:37,440 --> 01:13:40,240
That Mongari mill expansion, 
which you don't sort of see this

1339
01:13:40,240 --> 01:13:44,120
everyday, nine months ahead of 
schedule and about $15 million 

1340
01:13:44,120 --> 01:13:45,680
below budget. 
There you go. 

1341
01:13:45,680 --> 01:13:48,920
How good's that? 
Oh, and then Mount Mount Rawdon 

1342
01:13:49,240 --> 01:13:51,400
mining ceased. 
So that's sort of transitioning 

1343
01:13:51,400 --> 01:13:56,120
to stockpile processing there. 
And we're to come this quarter. 

1344
01:13:56,120 --> 01:13:58,640
There's some studies on 
extensions at North Park St. 

1345
01:13:58,760 --> 01:14:01,880
Ernest Henry. 
Saint Barbs. 

1346
01:14:02,040 --> 01:14:05,040
Yes. 
So they're they're saying 

1347
01:14:05,040 --> 01:14:08,720
goodbye to they would Atlantic 
gold operation. 

1348
01:14:08,720 --> 01:14:11,960
So they announced today their 
intention to sort of separate 

1349
01:14:11,960 --> 01:14:16,200
the Atlantic gold OPS. 
So this includes 15 mile Beaver 

1350
01:14:16,200 --> 01:14:19,640
Dam and Cochrane Hill projects 
in Canada from the company 

1351
01:14:19,640 --> 01:14:23,040
following a portfolio review. 
They basically suggested that as

1352
01:14:23,040 --> 01:14:26,080
part of that portfolio review 
that it you know, would better 

1353
01:14:26,080 --> 01:14:30,000
maximise shareholder value by 
advancing Atlantic under you 

1354
01:14:30,000 --> 01:14:34,120
know a Canadian company with 
local leadership, you know via 

1355
01:14:34,120 --> 01:14:38,800
some sort of a sale or a vending
or a demerger sort of potential 

1356
01:14:38,800 --> 01:14:45,000
ways to to do that. 
So once that is done, their sole

1357
01:14:45,000 --> 01:14:49,040
focus would be on their Simberry
operation in the PNG. 

1358
01:14:49,120 --> 01:14:51,320
So that's it, St. 
Barbara will just be Simberry. 

1359
01:14:51,480 --> 01:14:53,520
Yeah. 
So it's sort of, you know, Guali

1360
01:14:53,520 --> 01:14:57,520
and all that went to Genesis 
this they've flagged that they 

1361
01:14:57,520 --> 01:14:59,520
wanna sort of separate their 
landing stuff. 

1362
01:14:59,520 --> 01:15:03,760
So it's due back to or not back 
to, but it's now just Simberry 

1363
01:15:03,760 --> 01:15:06,840
as you said, so and it's just 
quite amazing. 

1364
01:15:06,840 --> 01:15:10,800
That's sort of less than six 
years ago after acquiring it, I 

1365
01:15:10,840 --> 01:15:15,840
believe it was for about a 
Canadian or about 800 million 

1366
01:15:15,840 --> 01:15:20,120
Aussie, I think something like 
that and not too much cash 

1367
01:15:20,120 --> 01:15:22,120
flows. 
And now sort of parting ways 

1368
01:15:22,120 --> 01:15:24,240
with it. 
I think their market cap at the 

1369
01:15:24,240 --> 01:15:29,000
time of acquiring that asset was
sort of in the mid ones to maybe

1370
01:15:29,000 --> 01:15:34,040
load, you know, load 2 billions.
Now it's sort of 300 mil market 

1371
01:15:34,040 --> 01:15:36,520
cap. 
And we'd, you know, a lot's 

1372
01:15:36,520 --> 01:15:39,960
changed since back then. 
They've had a bit of a tough 

1373
01:15:39,960 --> 01:15:45,120
time the last few months. 
So you know, sort of November 

1374
01:15:45,120 --> 01:15:48,760
when they sort of raised money 
and announced that Simbiri 

1375
01:15:48,760 --> 01:15:50,120
expansion. 
They were sort of trading in the

1376
01:15:50,120 --> 01:15:54,320
mid 40s, then to the low 30s, 
then fell again to the mid 20s 

1377
01:15:54,320 --> 01:15:57,160
later in the year when they 
received a, a tax assessment 

1378
01:15:57,160 --> 01:16:00,360
from the PNG government on 
Simbiri, which was sort of 

1379
01:16:00,360 --> 01:16:04,000
claiming additional taxes and A 
and a penalty in position of 

1380
01:16:04,000 --> 01:16:08,240
$210 million, which they've 
they've rejecting and, and 

1381
01:16:08,240 --> 01:16:12,680
defending and sort of yeah, 
trading in the mid 20s still 

1382
01:16:12,680 --> 01:16:15,080
today. 
You know, they could certainly, 

1383
01:16:15,200 --> 01:16:19,480
you know, depending on what they
do with the Atlantic assets, you

1384
01:16:19,480 --> 01:16:23,560
know, use that proceeds to sort 
of reinvest at Simbiri. 

1385
01:16:23,560 --> 01:16:27,760
But I don't know who would, who 
would buy that? 

1386
01:16:27,760 --> 01:16:30,400
I'm not sure. 
I'm not too familiar with, you 

1387
01:16:30,400 --> 01:16:34,160
know, they're saying, you know, 
a Canadian company summing up 

1388
01:16:34,160 --> 01:16:37,040
that way should be, you know, 
the natural hold of those 

1389
01:16:37,040 --> 01:16:38,560
assets. 
I'm not too familiar with that 

1390
01:16:38,560 --> 01:16:39,960
part of the world. 
So good luck to them. 

1391
01:16:40,160 --> 01:16:42,840
Yeah. 
So interesting to say what 

1392
01:16:42,840 --> 01:16:47,040
happens with that one. 
And to finish on a bit of a 

1393
01:16:47,080 --> 01:16:49,400
shell. 
Yeah, could be a shell too. 

1394
01:16:49,600 --> 01:16:52,240
Right, but it might be into an 
ASX shell, who knows? 

1395
01:16:52,640 --> 01:16:55,080
So we, yeah, literally, who 
knows? 

1396
01:16:55,080 --> 01:17:00,200
So we'll we'll keep following 
that one and to finish on a bit 

1397
01:17:00,200 --> 01:17:03,920
of a a bit of a fun note. 
We've had there's been a few 

1398
01:17:03,920 --> 01:17:09,160
small cap gold explorer bolters 
this month. 

1399
01:17:09,600 --> 01:17:14,040
You know, all pretty early stage
stuff from from a few minnows 

1400
01:17:14,040 --> 01:17:17,360
around this sort of West 
Australian, you know, gold space

1401
01:17:18,040 --> 01:17:21,640
in the last week or so. 
But that have, you know, they've

1402
01:17:21,640 --> 01:17:24,360
put some, you know, essay 
results and got cops and, you 

1403
01:17:24,360 --> 01:17:26,600
know, pretty huge share price 
reactions so. 

1404
01:17:26,800 --> 01:17:28,240
Wait, go, go take us through 
them. 

1405
01:17:28,240 --> 01:17:31,920
This excites me, this stuff. 
Yeah, so which is, you know, in 

1406
01:17:32,120 --> 01:17:38,160
a what do we have 4600 odd buck 
an ounce Aussie gold price 

1407
01:17:38,160 --> 01:17:39,800
environment, It's pretty 
exciting stuff. 

1408
01:17:39,800 --> 01:17:45,040
So, So what happened? 
So Ozorim a couple weeks ago 

1409
01:17:45,040 --> 01:17:49,600
recorded reported some aircore 
results at their Mull Gabby N 

1410
01:17:49,600 --> 01:17:52,600
Gold project. 
One of the hits was 20 metres at

1411
01:17:52,600 --> 01:17:57,920
3.57g a tonne from surface. 
They were up over, you know, 

1412
01:17:57,920 --> 01:18:01,040
since they announced so over 
400% off the back of that 

1413
01:18:01,040 --> 01:18:04,200
result. 
And you can see here on on a map

1414
01:18:04,200 --> 01:18:06,680
from one of their announcements 
that they're pretty close to 

1415
01:18:07,040 --> 01:18:10,640
Northern Stars, Kara Sudan and 
Ramirez's sort of Rebecca Rowe 

1416
01:18:11,120 --> 01:18:13,840
project. 
Another one sort of few days 

1417
01:18:13,840 --> 01:18:16,480
later on the 7th of Feb, 
Kalgoorlie Gold Mining reported 

1418
01:18:16,480 --> 01:18:19,960
some air core drill results at 
their pingin, which is now 

1419
01:18:19,960 --> 01:18:22,160
they're calling Light Horse 
prospect. 

1420
01:18:22,720 --> 01:18:27,240
One of the hits was 17 metres at
4.8g per tonne gold from 48 

1421
01:18:27,240 --> 01:18:30,600
metres similar. 
You know they had a similar 

1422
01:18:30,600 --> 01:18:34,560
share price reaction up over 
330% since those results. 

1423
01:18:34,640 --> 01:18:36,760
Our Daya resources are a 
shareholder of that. 

1424
01:18:36,760 --> 01:18:39,600
I think they sub close to 5% the
nickel produces. 

1425
01:18:39,600 --> 01:18:40,960
Like, oh, there you go, I've 
been out. 

1426
01:18:41,000 --> 01:18:44,760
Of this than the bloody nickel? 
And yeah, so they're, they're 

1427
01:18:44,760 --> 01:18:50,080
apparently 222 kilometres 
northwest of Ramirez's Rebecca 

1428
01:18:50,080 --> 01:18:52,800
Rd. project. 
And then they're also 30 

1429
01:18:52,960 --> 01:18:57,800
kilometres from Ozorum, which we
just talked about now as well. 

1430
01:18:58,000 --> 01:19:00,440
The Northern Star and Ramirez 
would be like oh geez. 

1431
01:19:00,480 --> 01:19:01,640
What? 
What's going on here? 

1432
01:19:01,760 --> 01:19:02,560
Yeah. 
Yeah. 

1433
01:19:03,320 --> 01:19:06,520
And and then finally Caprice, 
which is a. 

1434
01:19:06,520 --> 01:19:08,880
Ding, Ding, Ding today, ping. 
Some up white. 

1435
01:19:09,280 --> 01:19:12,560
Bloody. 
And that was yeah, today. 

1436
01:19:12,560 --> 01:19:16,680
So they reported some RC essay 
results from their Ireland 

1437
01:19:16,680 --> 01:19:18,600
projects. 
So one of their hits was 28 

1438
01:19:18,600 --> 01:19:25,440
metres at 6.4g per tonne gold 
from 114 metres though up over 

1439
01:19:25,440 --> 01:19:29,200
100 and something percent today.
And they're very, very close to 

1440
01:19:29,920 --> 01:19:34,480
Remelius's break of day project.
You can see on one of their maps

1441
01:19:34,480 --> 01:19:36,280
from the announcements. 
Yeah. 

1442
01:19:36,600 --> 01:19:39,280
Maybe Remelius won't need to buy
Karasudam or anything. 

1443
01:19:39,520 --> 01:19:40,880
Oh yeah, that's why I was quite 
funny. 

1444
01:19:40,880 --> 01:19:43,360
I was like, oh geez, they're all
like all these three in the last

1445
01:19:43,360 --> 01:19:47,760
sort of week and a half all seem
to be around Remelius's asset. 

1446
01:19:47,760 --> 01:19:50,280
So, you know, if Spartan doesn't
work out, you know, they might 

1447
01:19:50,280 --> 01:19:54,240
have some early stage prospects 
in the pipeline, but there's. 

1448
01:19:54,240 --> 01:19:55,960
A couple of other ones too, 
Jason. 

1449
01:19:55,960 --> 01:19:59,280
Yeah, oh God, I'm sure there's 
plenty, but I know it's. 

1450
01:19:59,280 --> 01:20:01,240
Great. 
When they've gone up to 100% 

1451
01:20:01,280 --> 01:20:03,040
I'll be proud. 
Ding, Ding, Ding. 

1452
01:20:03,480 --> 01:20:07,040
I love it, but no, it's great 
to, you know, obviously all this

1453
01:20:07,040 --> 01:20:09,560
is pretty early stage stuff, but
it's, it's great to see some, 

1454
01:20:09,600 --> 01:20:13,200
some positive activity sort of 
heading down into the, you know,

1455
01:20:13,200 --> 01:20:17,520
the early stage explorer curve 
of the development cycle in, in 

1456
01:20:17,520 --> 01:20:18,600
WA. 
So it's awesome. 

1457
01:20:18,760 --> 01:20:21,160
How good is it? 
Oh, that was a bloody marathon. 

1458
01:20:21,160 --> 01:20:25,040
I think I waffled on with 
absolute shit, but it's just, I 

1459
01:20:25,040 --> 01:20:27,600
get so excited and it's like 
underground lighting. 

1460
01:20:27,840 --> 01:20:29,240
I love it. 
I just love it. 

1461
01:20:29,560 --> 01:20:31,640
Oh, and I'm sure the money 
miners would have loved it as 

1462
01:20:31,640 --> 01:20:34,200
well. 
I've so just as much as you love

1463
01:20:34,200 --> 01:20:38,000
MMS and. 
I love Underground Operators 

1464
01:20:38,000 --> 01:20:39,520
conference. 
And grounded. 

1465
01:20:40,000 --> 01:20:41,680
Oh who else do I love? 
JC. 

1466
01:20:41,800 --> 01:20:44,400
Sambic Ground. 
Support oh CR insurance I love 

1467
01:20:44,400 --> 01:20:47,760
them K Drill, I love K. 
Drill saltbush contracting at 

1468
01:20:47,760 --> 01:20:49,000
the top of the show on. 
The Mill. 

1469
01:20:49,400 --> 01:20:52,080
SWIG. 
Love, swig, Love diamond drills.

1470
01:20:52,320 --> 01:20:56,800
Kotro Project Engineering, Love 
Jeremy and Cross boundary 

1471
01:20:56,840 --> 01:20:59,240
energy. 
Oh, I love Tim Taylor Hurduru 

1472
01:20:59,280 --> 01:21:00,640
buddy miners. 
Hurry. 

1473
01:21:01,040 --> 01:21:03,680
Information contained in this 
episode of Money of Mine is of 

1474
01:21:03,680 --> 01:21:05,720
general nature only and does not
take into account the 

1475
01:21:05,720 --> 01:21:09,320
objectives, financial situation 
or needs of any particular 

1476
01:21:09,320 --> 01:21:11,400
person. 
Before making any investment 

1477
01:21:11,400 --> 01:21:14,440
decision, you should consult 
with your financial advisor and 

1478
01:21:14,440 --> 01:21:17,560
consider how appropriate the 
advice is to your objectives, 

1479
01:21:17,800 --> 01:21:19,760
financial situation and needs.