TIDMGGP
RNS Number : 5494Q
Greatland Gold PLC
28 October 2021
28 October 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014
WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL)
ACT 2018, AS AMED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO
BE IN THE PUBLIC DOMAIN.
Greatland Gold plc
("Greatland" or "the Company")
Havieron Exploration and Development Update
Havieron continues to improve with the best gram-metre intercept
to date
at 120.4m @ 10.0g/t Au & 0.66% Cu (HAD117W6)
Growth Drilling beneath the existing South-East Crescent
Resource demonstrates increasing grade and thickness with the high
grade mineralisation extended 250m
Multiple tremendous high grade intercepts support the potential
for resource expansion across all zones and include:
-- South East Crescent: 44.7m @ 7.1g/t Au & 0.17% Cu
(HAD86W3)
-- Northern Breccia: 72.3m @1.4g/t Au & 0.07% Cu
(HAD147W2)
-- Eastern Breccia 43.3m @2.7g/t Au & 0.06% Cu
(HAD084W2)
Greatland Gold plc (AIM:GGP), a leading mining development
and exploration company with a focus on precious and base
metals, is pleased to provide an update on the drilling campaign
at the Havieron gold-copper project in the Paterson region
of Western Australia. The Company notes the release of an
ASX announcement titled "Quarterly Exploration Report" by
Newcrest Mining Ltd ("Newcrest") earlier today.
The latest results comprise 22 new drill holes from the Infill
and Growth Drilling programmes plus 11 holes previously reported.
Significant mineralisation was reported in 18 of the new holes.
The Havieron joint venture has now completed a total of 210,629
of drilling from 254 holes, with all the latest completed
holes continuing to intersect mineralisation, and all but
one reporting significant mineralisation. A further 24 drill
holes have been completed, awaiting assay.
Drilling activities since the last update include new results,
which continue to support the potential for resource expansion
of the Havieron gold-copper project. With 90,000 meters of
Growth Drilling targeted to 30 June 2022.
Highlights
* Results received from infill drilling support the
modelled grade and thickness within the South East
Crescent Zone Mineral Resource extents .
* The results support the continuity of the high grade
Crescent Zone, and in some places appear to upgrade
the zone
* HAD117W6 returned 120.4m @ 10g/t Au & 0.66% Cu from
764.6m. This is the best gram metre intercept drilled
to date at Havieron (Au_ppm x intercept length of
1,204 gram metres Au).
* Further significant results from Growth Drilling
continue to demonstrate the potential for resource
additions outside of the existing Inferred Mineral
Resource limits, including:
* Extension of the SE Crescent Zone below the current
Mineral Resource, where increasing grade and
thickness of mineralisation has been observed from
recent drilling
* Expansion of multiple higher-grade targets including
Northern Breccia and NW Pod
* Potential for additional NW trending corridors
including the Eastern Breccia
* Growth Drilling programme continues into FY22 ,
targeting:
* North West Crescent and Northern Breccia: Zone of
initial focus aimed at providing support for the
potential expansion of the existing Inferred Mineral
Resource.
* Eastern Breccia: Drill testing and interpretation of
the geological and mineralisation controls is
ongoing.
* South East Crescent and Breccia: Targeting potential
resource definition of extensions below the existing
resource shell and lateral extensions adjacent to the
existing high-grade resource shell.
* New Targets: Identified outside of the immediate
vicinity of the Havieron deposit, but within the
Havieron Joint Venture area, with the potential to
conduct drill testing of these targets in the future.
* Early Works advancing: Construction activities are
progressing well with achievements including (as of
20 October 2021):
* Box cut and portal completed in May 2021 as at 20
October 2021
* Exploration decline has advanced 211 metres
* Decline contractor operating 24-hour per day
* Planning has commenced for the first ventilation
shaft, scheduled to begin during the next quarter.
* Works to progress the necessary approvals and permits
required to commence the development of an operating
underground mine and associated infrastructure at the
Havieron Project are ongoing
* Feasibility Study progressing: Feasibility study work
by Newcrest continuing along with concurrent studies
assessing boarder growth options for Havieron.
Significant upside opportunitie s are being evaluated
to increase the scale and life of Havieron, as well
as presenting the opportunity to adopt alternative,
lower cost, mining methods. The Feasibility Study
still forecasted to be delivered December quarter
2022.
Shaun Day, Chief Executive Officer of Greatland Gold plc,
commented: " The volume and quality of results at Havieron
continue to impress as we observe increases in both grade
and thickness at depth. This supports continuity of the high
grade zonations and potential upgrades to the mineralisation.
It speaks volumes for the tremendous quality of Havieron that
after reaching a milestone of 200,000 metres of drilling,
the best gram metre intercept ever drilled was just delivered,
located at the high grade South East Crescent Zone.
The results of the 90,000 metres Growth Drilling programme
continue to extend mineralisation across multiple zones across
Havieron. These outstanding results expand the high-grade
South East Crescent Zone and add further scale to the Havieron
deposit in multiple directions including within the Northern
Breccia and in the Eastern Breccia .
The ongoing success from each set of drill results confirm
Havieron as a world class gold-copper project and its potential
to expand further in scale. The Pre-feasibility study highlighted
the low capex, low risk approach to developing Havieron, which
puts this asset in a class of its own as we progress it forward
and add further upside to its future economic outcome s .
"
Significant New Results (intercepts are reported as downhole
width not true width)
South East Crescent
-- HAD053W3
-- 75.4m @ 2.9g/t Au & 0.13% Cu from 987.3m
-- Including 14.7m @ 13g/t Au & 0.12% Cu from 1,031.5m
-- HAD064W1
-- 42.4m @ 2.5g/t Au & 0.08% Cu from 705.6m
-- 26.9m @ 2.3g/t Au & 0.02% Cu from 772.1m
-- Including 12m @ 4.7g/t Au & 0.02% Cu from 787m
-- HAD086W3
-- 44.7m @ 7.1g/t Au & 0.17% Cu from 1,412m
-- Including 20.2m @ 15g/t Au & 0.29% Cu from 1,421m
-- HAD117W4
-- 78.1m @ 2.1g/t Au & 0.20% Cu from 762m
-- including 13.8m @ 3.7g/t Au & 0.18% Cu from 793.9m
-- Including 10.8m @ 3.6g/t Au & 1.0% Cu from 829.4m
-- HAD117W5
-- 111.0m @ 1.1g/t Au & 0.03% Cu from 715m
-- HAD117W6
-- 120.4m @ 10g/t Au & 0.66% Cu from 764.6m
-- Including 27.1m @ 18g/t Au & 1.0% Cu from 812.2m
-- Including 14m @ 38g/t Au & 1.2% Cu from 845m
-- HAD133W3
-- 29.1m @ 3.2g/t Au & 0.09% Cu from 1,261.9m
-- 44.4m @ 5.7g/t Au & 0.11% Cu from 1,306.6m
-- 52.0m @ 3.2g/t Au & 0.42% Cu from 1,362m
Northern Breccia
-- HAD069W4
-- 22.5m @ 2.6g/t Au & 0.15% Cu from 1,281m
-- HAD081W3
-- 52.3m @ 2.1g/t Au & 0.29% Cu from 1,150.7m
-- HAD147
-- 34.5m @ 1.9g/t Au & 0.15% Cu from 1,216.4m
-- HAD147W2
-- 72.3m @ 1.4g/t Au & 0.07% Cu from 1,279.5m
Eastern Breccia
-- HAD084W2
-- 212.3m at 1.20g/t Au and 0.06% Cu (calculated including
intervals of internal waste >10m thick)
-- including 49.8m @ 1.5g/t Au & 0.02% Cu from 1,473m
-- and including 59.6m @ 0.89g/t Au and 0.12% Cu from 1,553.2m
-- and including 43.3m @ 2.7g/t Au & 0.06% Cu from 1,642m
In addition to this release, a PDF version of this report with
supplementary information can be found at the Company's website:
www.greatlandgold.com/media/jorc/
Enquiries:
Greatland Gold PLC +44 (0)20 3709
Shaun Day 4900
info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated
Adviser) +44 (0)20 3368
Andrew Emmott/James Keeshan 3550
Berenberg (Joint Corporate Broker and Financial
Adviser)
Matthew Armitt/ Varun Talwar/Alamgir Ahmed +44 (0)20 3207
/Detlir Elezi 7800
Canaccord Genuity (Joint Corporate Broker
and Financial Adviser) +44 (0)20 7523
James Asensio/Patrick Dolaghan 8000
Hannam & Partners (Joint Corporate Broker
and Financial Adviser) +44 (0)20 7907
Andrew Chubb/Matt Hasson/Jay Ashfield 8500
SI Capital Limited (Joint Broker) +44 (0)14 8341
Nick Emerson/Alan Gunn 3500
Luther Pendragon (Media and Investor Relations) +44 (0)20 7618
Harry Chathli/Alexis Gore/Joe Quinlan 9100
Further Information on Drilling and Operations at Havieron
The Havieron copper-gold deposit is centered on a magnetic
anomaly located 45km east of Telfer, and where exploration
drilling by Greatland during 2018 resulted in the discovery
of gold and copper mineralisation under 420m of post mineralisation
cover. The Joint Venture commenced drilling during the June
2019 quarter and has completed 210,629m of drilling from 254
drill holes to date (excluding holes in progress, abandoned
holes, or drill holes which have not been sampled).
Drilling activities have produced a further 26,548m of drilling
from 42 drill holes since 30 June 2021. The latest assay results
include results for 33 holes (18 holes completed this quarter,
and 15 holes from the June quarter). Of these, 23 holes returned
significant assay intercepts in excess of 50 gram metres Au
(Au ppm x length metres). This announcement includes 22 new
drill holes from the Infill and Growth Drilling and 11 holes
reported previously in the last update (" Havieron Development
and Exploration Update", dated 9 September 2021) and reported
in Newcrest's Quarterly Exploration Report and listed in Appendix
II.
Drilling activity during the period utilised eight drill rigs
and was focused on potential resource growth at the South
East Crescent Zone, Northern Breccia and Eastern Breccia,
and infill drilling in the South East Crescent Zone to support
the potential conversion of the Inferred Resource to Indicated.
Drilling completed included:
* South East Crescent Zone Growth - assay results
reported for three drill holes, and partial results
for one drill hole (HAD086W3), with five holes
awaiting assays.
* South East Crescent Zone Infill - assay results
reported for ten drill holes, seventeen holes
awaiting assays.
* Northern Breccia - assay results reported for
fourteen drill holes, two holes awaiting assays.
* Eastern Breccia - assay results reported for five
drill holes.
Further Growth Drilling continues to show potential for resource
additions outside of the existing Inferred Mineral Resource
limits, including:
* Extension of the SE Crescent Zone below the current
Mineral Resource, where increasing grade and
thickness of mineralisation has been observed from
recent drilling
* Expansion of multiple higher-grade targets including
Northern Breccia and NW Pod
* Potential for additional NW trending corridors
including the Eastern Breccia
At the South East Crescent, Growth Drilling targeting higher
grade mineralisation on 75m by 75m spacing has extended the
mineralisation 250m below the initial Inferred Mineral Resource
estimate. Results from three drill holes have been received,
with significant results returned from HAD133W1, HAD133W3
and HAD086W3**.
Results include:
* HAD086W3**
* 44.7m @ 7.1g/t Au & 0.17% Cu from 1,412m** (Open
Intercept)
* Including 20.2m @ 15g/t Au & 0.29% Cu from 1,421m
* HAD133W1^^
* 1 33m @ 7.0g/t Au & 0.05% Cu from 1,446m
* including 55.9m @ 9.7g/t Au & 0.04% Cu from 1,449.5m
* including 20m @ 11g/t Au & 0.04% Cu from 1,519m
* HAD133W3
* 29.1m @ 3.2g/t Au & 0.09% Cu from 1,261.9m
* 44.4m @ 5.7g/t Au & 0.11% Cu from 1,306.6m
* 52m @ 3.2g/t Au & 0.42% Cu from 1,362m
HAD133W1^^ extended the high-grade mineralisation 250m below
the base of the Inferred Mineral Resource estimate. This intercept
is 150m below previously reported hole HAD133^^ (85m @ 11g/t
Au & 0.29% Cu from 1,345m including 13m @ 32g/t Au & 0.46%
Cu from 1,363m and including 14.5m @ 32g/t Au & 0.33% Cu from
1,396.5m). HAD133W3 targeted approximately 50m below the existing
resource and returned a broad crescent zone intercept incorporating
three discrete zones of higher grade mineralisation between
1,261.9m and 1,414m down hole with the best interval returning
44.4m @ 5.7g/t Au & 0.11% Cu from 1,306.6m. Partial assay
results have been returned for HAD086W3** which returned 44.7m
@ 7.1g/t Au & 0.17% Cu from 1,412m (open intercept) including
20.2m @ 15g/t Au & 0.29% Cu from 1,421m from the SE Crescent
intersection located 200m below the existing Inferred Mineral
Resource extents, and remains open at depth. These new intercepts
show an increase in both grade and thickness with increasing
depth. Drilling continues to assess the depth extents of SE
Crescent which now has a vertical extent of over 900m.
A further 27 infill holes within the South East Crescent zone
were completed, ten of which have returned assay results.
This drilling is designed to infill the South East Crescent
Inferred Mineral Resource volume to 50m x 50m spacing to support
the potential upgrade of a significant portion of the Inferred
Mineral Resource to Indicated Mineral Resource. Results received
from infill drilling support the modelled grade and thickness
within the South East Crescent Zone Mineral Resource extents.
The results also support the continuity of the high grade,
and in places appear to upgrade the zone, as represented by
HAD117W6 120.4m @ 10g/t Au & 0.66% Cu from 764.6m. This is
the best gram metre intercept drilled to date at Havieron
(Au_ppm x intercept length of 1,204 gram metres Au).
Results include:
* HAD053W3
* 75.4m @ 2.9g/t Au & 0.13% Cu from 987.3m
* Including 14.7m @ 13g/t Au & 0.12% Cu from 1,031.5m
* HAD057W7^^
* 23m @ 5.7g/t Au & 0.70% Cu from 613m
* including 15m @ 8.6g/t Au & 0.96% Cu from 613m
* 70m @ 2.2g/t Au & 0.03% Cu from 906m
* Including 12.8m @ 5.3g/t Au & 0.02% Cu from 962.7m
* HAD064W1
* 42.4m @ 2.5g/t Au & 0.08% Cu from 705.6m
* 26.9m @ 2.3g/t Au & 0.02% Cu from 772.1m
* Including 12m @ 4.7g/t Au & 0.02% Cu from 787m
* HAD117W4
* 78.1m @ 2.1g/t Au & 0.20% Cu from 762m
* including 13.8m @ 3.7g/t Au & 0.18% Cu from 793.9m
* Including 10.8m @ 3.6g/t Au & 1.0% Cu from 829.4m
* HAD117W5
* 111m @ 1.1g/t Au & 0.03% Cu from 715m
* HAD117W6
* 120.4m @ 10g/t Au & 0.66% Cu from 764.6m
* Including 14m @ 38g/t Au & 1.2% Cu from 845m
At the Northern Breccia, results from fourteen drill holes
were returned and a further two drillholes are awaiting assays.
The focus of the drilling in this zone is to expand the mineralisation
and support potential resource growth. The latest drilling
(75m x 75m) has extended the mineralised breccia footprint
around the Inferred Mineral Resource extents with reported
drill holes supporting extensions to breccia mineralisation.
Drilling has confirmed and increased the continuity of internal
higher grade Crescent-like mineralisation in a north-west
mineralised corridor which now extends up to 300m in length,
and 100m wide, between 4,300 - 4,100mRL, and remains open
at depth.
Results include:
* HAD069W4
* 22.5m @ 2.6g/t Au & 0.15% Cu from 1,281m
* HAD081W3
* 52.3m @ 2.1g/t Au & 0.29% Cu from 1,150.7m
* HAD089W3^^
* 106.8m @ 0.96g/t Au & 0.12% Cu from 911.2m
* including 15m @ 2.8g/t Au & 0.21% Cu from 978m
* HAD099W2^^
* 126.7m @ 0.66g/t Au & 0.07% Cu from 643.3m
* including 12.1m @ 1.3g/t Au & 0.12% Cu from 647.1m
* HAD138W1^^
* 157.4m @ 0.93g/t Au & 0.21% Cu from 937.6m
* including 16.1m @ 5.9g/t Au & 0.12% Cu from 1,043m
* HAD140^^
* 29.1m @ 9.7g/t Au & 0.29% Cu from 813.2m
* HAD141^^
* 87m @ 1.8g/t Au & 0.05% Cu from 1,328m
* including 17.8m @ 5.7g/t Au & 0.14% Cu from 1,378.5m
* HAD147
* 34.5m @ 1.9g/t Au & 0.15% Cu from 1,216.4m
* HAD147W2
* 72.3m @ 1.4g/t Au & 0.07% Cu from 1,279.5m
At the Eastern Breccia, assays for an additional five holes
targeting strike extensions from previously reported drill
holes HAD083 and HAD084 have been received. Interpretation
of the results indicate the potential for a separate north
west trending corridor, with an alteration footprint of approximately
600m, with Crescent-like higher grade zones developed internal
to this Eastern Breccia. Significant assay intercepts were
returned for two drill holes (HAD084W2 & HAD141^^), which
has extended higher grade mineralisation up to 200m to the
north west of HAD084.
Results include:
* HAD084W2
* 49.8m @ 1.5g/t Au & 0.02% Cu from 1,473m
* 59.6m @ 0.89g/t Au and 0.12% Cu from 1553.2m
* 43.3m @ 2.7g/t Au & 0.06% Cu from 1,642m
* HAD141^^
* 23m @ 1.7g/t Au & 0.01% Cu from 1,875m
HAD084W2 contains three significant intervals of mineralisation
separated by weakly mineralised waste (greater than the allowable
maximum consecutive internal dilution of 10m). If this internal
waste is included (at the recorded grade) the interval 1473-
1685.3m is reported as 212.3m at 1.20g/t Au and 0.06% Cu.
This intersection is located approximately 75m north west
of HAD084, reported previously at 342.2m @ 2.0g/t Au and 0.11%
Cu from 1536.8m, including 14m @ 19g/t Au, 0.2% Cu from 1572m.
Drill testing and interpretation of the geological and mineralisation
controls of the Eastern Breccia Zone is ongoing.
(#) drilling in progress. **partial intercept, assays pending.
^updated intercept. ^^previously reported intercept.
Development Update
The development of the exploration decline continued during
the period with 211 metres now complete as at 20 October 2021.
Planning has commenced for the first ventilation shaft which
is scheduled to begin in the next quarter. Works to progress
the necessary approvals and permits that are required to commence
the development of an operating underground mine and associated
infrastructure at the Havieron Project are ongoing.
Background to Havieron and Joint Venture Agreement with Newcrest
The Havieron copper-gold project is operated by Newcrest under
a Joint Venture Agreement with Greatland. As announced on
30 November 2020, Newcrest has now met the Stage 4 expenditure
requirement to incur expenditure of US$65m and deliver a Pre-Feasibility
Study to earn an additional 10% joint venture interest, resulting
in an overall joint venture interest of 70% (Greatland 30%).
Newcrest may acquire an additional 5% interest following completion
of Stage 4 at fair market value.
The Joint Venture Agreement includes tolling principles reflecting
the intention of the parties that, subject to a successful
exploration programme and feasibility study and a positive
decision to mine, the resulting joint venture mineralised
material will be processed at Telfer, located 45km west of
Havieron.
A regional map showing the Havieron licence area with regional
targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson
A version of this release with the full images and diagrams
can be found on the Company's website: www.greatlandgold.com/media/jorc/
Competent Person:
Information in this announcement that relates to exploration
results has been extracted from the following announcements:
"Quarterly Exploration Report", dated 28 October 2021 (Newcrest)
"Havieron Development and Exploration Update" dated 9 September
2021 (Greatland)
"Exploration Update", dated 9 September 2021 (Newcrest)
"Havieron Development and Exploration Update" dated 22 July
2021 (Greatland)
"Quarterly Exploration Report", dated 22 July 2021 (Newcrest)
"Further Excellent Growth Drilling Results at Havieron", dated
10 June 2021 (Greatland)
"Exploration Update", dated 10 June 2021 (Newcrest)
"Excellent Growth Drilling Results at Havieron", dated 29
April 2021 (Greatland)
"Quarterly Exploration Report", dated 29 April 2021 (Newcrest)
"Further Outstanding Infill Drilling Results at Havieron",
dated 11 March 2021 (Greatland)
"Exploration Update", dated 11 March 2021 (Newcrest)
"Newcrest Reports Further Drilling Results at Havieron", dated
28 January 2021 (Greatland)
"Quarterly Exploration Report", dated 28 January 2021 (Newcrest)
"Newcrest Reports Further Drilling Results at Havieron", dated
10 December 2020 (Greatland)
"Exploration Update", dated 10 December 2020 (Newcrest)
"Initial Inferred Mineral Resource Estimate for Havieron",
dated 10 December 2020 (Greatland)
"Initial Inferred Mineral Resource Estimate for Havieron",
dated 10 December 2020 (Newcrest)
"Drilling Results at Havieron Highlight Potential New Eastern
Breccia Target", dated 29 October 2020 (Greatland)
"Quarterly Exploration Report", dated 29 October 2020 (Newcrest)
"Latest Drilling Results at Havieron Highlight Potential Bulk
Tonnage Target", dated 10 September 2020 (Greatland)
"Exploration Update", dated 10 September 2020 (Newcrest)
"Newcrest Identifies New Zone of Breccia Mineralisation at
Havieron", dated 23 July 2020 (Greatland)
"Quarterly Exploration Report", dated 23 July 2020 (Newcrest)
"Further Outstanding Drill Results from Havieron", dated 11
June 2020 (Greatland)
"Exploration Update", dated 11 June 2020 (Newcrest)
"Newcrest Reports Further Outstanding Drill Results at Havieron",
dated 30 April 2020 (Greatland)
"Quarterly Exploration Report", dated 30 April 2020 (Newcrest)
"Newcrest Reports Further Outstanding Drill Results at Havieron",
dated 11 March 2020 (Greatland)
"Exploration and Guidance Update", dated 11 March 2020 (Newcrest)
"Further Outstanding Drill Results at Havieron", dated 30
January 2020 (Greatland)
"Quarterly Exploration Report", dated 30 January 2020 (Newcrest)
"New Outstanding Drill Results at Havieron Extend the Strike
Length of High-Grade Mineralisation", dated 2 December 2019
(Greatland)
"Exploration Update - Havieron", dated 2 December 2019 (Newcrest)
"Further High-Grade Drilling Results from Newcrest's Campaign
at Havieron", dated 24 October 2019 (Greatland)
"Quarterly Exploration Report - September 2019", dated 24
October 2019 (Newcrest)
"Update on Newcrest Drilling Results at Havieron", dated 10
September 2019 (Greatland)
"Exploration Update - Havieron", dated 10 September 2019 (Newcrest)
"First Results from Newcrest's Drilling Campaign at Havieron",
dated 25 July 2019 (Greatland)
"Newcrest Quarterly Exploration Report - June 2019", dated
25 July 2019 (Newcrest)
Information in this announcement pertaining to Reporting of
Exploration Results, which has been taken from Newcrest Mining
Limited's announcement titled " Exploration Update", dated
9 September 2021 , has been reviewed and approved by Mr John
McIntyre, a Member of the Australian Institute of Geoscientists
(MAIG), who has more than 30 years relevant industry experience.
Mr McIntyre is an employee of the Company and has no financial
interest in Greatland Gold plc or its related entities. Mr
McIntyre has sufficient experience relevant to the style of
mineralisation and type of deposit under consideration, and
to the activity which he is undertaking to qualify as a Competent
Person as defined by the 2012 Edition of the Australasian
Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves (the JORC Code) and under the AIM Rules -
Note for Mining and Oil & Gas Companies, which outline standards
of disclosure for mineral projects. Mr McIntyre consents to
the inclusion in this announcement of the matters based on
this information in the form and context in which it appears.
Mr McIntyre confirms that the Company is not aware of any
new information or data that materially affects the information
included in the relevant market announcements, and that the
form and context in which the information has been presented
has not been materially modified.
Additional information on the project can be found on the
Company's website at https://greatlandgold.com/projects/havieron/
In addition to this release, a PDF version of this report
with supplementary information can be found at the Company's
website: www.greatlandgold.com/media/jorc
Notes for Editors:
Greatland Gold plc (AIM:GGP) is a leading mining development
and exploration company with a focus on precious and base
metals. The Company's flagship asset is the world-class Havieron
gold-copper deposit in the Paterson region of Western Australia,
discovered by Greatland and presently under development in
Joint Venture with Newcrest Mining Ltd.
Havieron is located approximately 45km east of Newcrest's
Telfer gold mine and, subject to positive decision to mine,
will leverage the existing infrastructure and processing plant
to significantly reduce the project's capital expenditure
and carbon impact for a low-cost pathway to development. An
extensive growth drilling programme is presently underway
at Havieron with a maiden Pre-Feasibility Study released on
the South-East crescent on 12 October 2021. Construction of
the box cut and decline to develop the Havieron deposit commenced
in February 2021.
Greatland has a proven track record of discovery and exploration
success. It is pursuing the next generation of tier-one mineral
deposits by applying advanced exploration techniques in under-explored
regions. The Company is focused on safe, low-risk jurisdictions
and is strategically positioned in the highly prospective
Paterson region. Greatland has a total six projects across
Australia with a focus on becoming a multi-commodity mining
company of significant scale.
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END
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