By Jaime Llinares Taboada

Shares in Greatland Gold PLC fell Tuesday after the company published a pre-feasibility study for the South-East Crescent zone of its Havieron gold-copper deposit in Australia.

The area has been estimated an initial probable ore reserve estimate of 14 million metric tons, containing 1.6 million ounces of gold and 73,000 tons of copper.

Greatland, which is developing Havieron through a joint venture with Newcrest Mining Ltd., said the study should be viewed as the first stage as it only covers a small fraction of the resource.

Shares at 0749 GMT were down 10% at 18.75 pence.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

October 12, 2021 04:05 ET (08:05 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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