TIDMGGP
RNS Number : 9077K
Greatland Gold PLC
10 May 2022
10 May 2022
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED
UNDER THE UK MARKET ABUSE REGULATIONS. 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 " )
Greatland awarded a drilling grant for Paterson province
exploration project
Greatland receives a grant of up to A$200,000 (GBP115,000)
under the Western Australian Government's Exploration Incentive
Scheme
Grant to be used to co-fund exploration at Greatland's 100%
owned Rudall licence,
located 20km southeast of the Havieron gold-copper resource
Greatland Gold plc (AIM:GGP), a mining development and
exploration company with a focus on precious and base metals, is
pleased to announce it has been awarded a grant from the Western
Australian Government to co-fund exploration drilling and
mobilisation costs at its 100% owned Rudall licence in the Paterson
province.
The grant awarded is the result of a successful application
under the Exploration Incentive Scheme ("EIS"). Greatland is
eligible to receive a grant up to A$200,000 (GBP115,000) to co-fund
drilling and mobilisation costs, within 12 months of the grant.
Shaun Day, Managing Director of Greatland Gold plc, commented :
"The drilling grant for the Rudall licence will accelerate our
programme to test targets in this area of the Paterson. Testing of
priority targets delivers the opportunity to unlock the exploration
option value of the portfolio."
About Rudall
The Rudall licence covers an area of approximately 65 square
kilometres approximately 20km south-southeast of Greatland's
Havieron gold-copper resource. The licence is considered to be
prospective for Havieron and Telfer style gold/copper
occurrences.
Greatland has completed geophysical modelling to enhance
preliminary targets identified at the Rudall licence, including the
Ramses magnetic anomaly. The modelling suggests the depth to top of
the magnetic anomaly is approximately 700m below surface.
Further geophysical survey work is being planned this year to
refine the Ramses anomaly before an exploration drill program is
undertaken, utilising the EIS grant to co-fund the drilling
component of the 2022 exploration work programme.
Additional information on the project can be found on the
Company's website at
https://greatlandgold.com/projects/rudall-and-canning/
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/
About the Exploration Incentive Scheme
The Co-funded Government and Industry Drilling Program is being
funded by the Western Australian State Government, to provide a
stimulus to geoscience exploration and contribute to the economic
development of regional areas of Western Australia. Geoscience
exploration includes mineral, oil and gas, and geothermal
exploration with drilling to be undertaken in underexplored areas.
The program is administered by the Western Australian Department of
Mines, Industry Regulation and Safety.
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) +44 (0)20 3207
Matthew Armitt/ Jennifer Lee/ 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 9100
Notes for Editors:
Greatland Gold plc (AIM:GGP) is a 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.
JORC Code, 2012 Edition - Table 1 report template
Section 1 Sampling Techniques and Data
(Criteria in this section apply to all succeeding sections.)
Criteria J ORC Code explanation Commentary
Sampling -- Nature and quality -- No sampling carried out
techniques of sampling (eg cut channels,
random chips, or specific
specialised industry standard
measurement tools appropriate
to the minerals under
investigation)
-- Include reference to
measures taken to ensure
sample representivity
and the appropriate calibration
of any measurement tools
or systems used.
-- Aspects of the determination
of mineralisation that
are Material to the Public
Report.
-- In cases where 'industry
standard' work has been
done this would be relatively
simple (eg 'reverse circulation
drilling was used to obtain
1 m samples from which
3 kg was pulverised to
produce a 30 g charge
for fire assay'). In other
cases more explanation
may be required, such
as where there is coarse
gold that has inherent
sampling problems. Unusual
commodities or mineralisation
types (eg submarine nodules)
may warrant disclosure
of detailed information.
Sampling -- MagSPEC Airborne magnetics -- 50m line spaced, 090 -
techniques & radiometrics Program 270(o) orientation; 500m spaced
tie lines (0-180(o) ori) and
30m sensor height; 1,603 line
km.
Magnetometer details:
20Hz sample rate (3.5m)
Novatel OEM DGPS receiver
G-823A caesium vapour magnetometer
0.001nT resolution; 0.01nT
sensitivity
3-axis fluxgate magnetometer
Gamma-Ray Spectrometer
32L crystal volume
1024 channels
2Hz sample rate (35m)
Multi-peak automatic gain
Altimeters - Bendix/King KRA405
radar altimeter:
Resolution 0.3m
Sample Rates - 20Hz
Range 0 - 760m
Altimeters - Renishaw ILM-500R
laser altimeter:
Resolution 0.01m
Sample Rates - up to 20Hz
Range 0 - 500m
Barometric Pressure Sensor
Accuracy - RSS +/- 0.25% FS
Range - 600 - 1100hPa
Magnetic Base Stations
GEM GSM-19 Overhauser & Scintrex
Envi-Mag proton precession
base station magnetometers:
Resolution - 0.01/0.1nT
Accuracy - 0.1/0.5nT
Sample Rate - 1.0/0.5Hz
Drilling -- Drill type (eg core, -- No drilling performed
techniques reverse circulation, open-hole
hammer, rotary air blast,
auger, Bangka, sonic,
etc) and details (eg core
diameter, triple or standard
tube, depth of diamond
tails, face-sampling bit
or other type, whether
core is oriented and if
so, by what method, etc).
Drill -- Method of recording -- No drill sampling completed
sample and assessing core and
recovery chip sample recoveries
and results assessed.
-- Measures taken to maximise
sample recovery and ensure
representative nature
of the samples.
-- Whether a relationship
exists between sample
recovery and grade and
whether sample bias may
have occurred due to preferential
loss/gain of fine/coarse
material.
Logging -- Whether core and chip -- N/A
samples have been geologically
and geotechnically logged
to a level of detail to
support appropriate Mineral
Resource estimation, mining
studies and metallurgical
studies.
-- Whether logging is
qualitative or quantitative
in nature. Core (or costean,
channel, etc) photography.
-- The total length and
percentage of the relevant
intersections logged.
Sub-sampling -- If core, whether cut -- N/A
techniques or sawn and whether quarter,
and sample half or all core taken.
preparation -- If non-core, whether
riffled, tube sampled,
rotary split, etc and
whether sampled wet or
dry.
-- For all sample types,
the nature, quality and
appropriateness of the
sample preparation technique.
-- Quality control procedures
adopted for all sub-sampling
stages to maximise representivity
of samples.
-- Measures taken to ensure
that the sampling is representative
of the in situ material
collected, including for
instance results for field
duplicate/second-half
sampling.
-- Whether sample sizes
are appropriate to the
grain size of the material
being sampled.
Quality -- The nature, quality -- MAGNETICS SURVEY - Compensation
of assay and appropriateness of box flown prior to survey;
data and the assaying and laboratory GPS accuracy tests; swoop
laboratory procedures used and whether tests for altimeters; diurnal
tests the technique is considered base station monitoring. Processing
partial or total. - parallax correction, diurnal
-- For geophysical tools, filtering & subtraction, IGRF
spectrometers, handheld correction, tie line levelling,
XRF instruments, etc, micro levelling
the parameters used in
determining the analysis
including instrument make
and model, reading times,
calibrations factors applied
and their derivation,
etc.
-- Nature of quality control
procedures adopted (eg
standards, blanks, duplicates,
external laboratory checks)
and whether acceptable
levels of accuracy (ie
lack of bias) and precision
have been established.
Verification -- The verification of -- N/A
of sampling significant intersections
and assaying by either independent
or alternative company
personnel.
-- The use of twinned
holes.
-- Documentation of primary
data, data entry procedures,
data verification, data
storage (physical and
electronic) protocols.
-- Discuss any adjustment
to assay data.
Location -- Accuracy and quality -- Geophysical surveys provided
of data of surveys used to locate in the Geocentric Datum of
points drill holes (collar and Australian (GDA94 Zone 51)
down-hole surveys), trenches, or WGS84 SUTM Zone 51
mine workings and other
locations used in Mineral
Resource estimation.
-- Specification of the
grid system used.
-- Quality and adequacy
of topographic control.
Data spacing -- Data spacing for reporting -- N/A
and distribution of Exploration Results.
-- Whether the data spacing
and distribution is sufficient
to establish the degree
of geological and grade
continuity appropriate
for the Mineral Resource
and Ore Reserve estimation
procedure(s) and classifications
applied.
-- Whether sample compositing
has been applied.
Orientation -- Whether the orientation -- N/A
of data of sampling achieves unbiased
in relation sampling of possible structures
to geological and the extent to which
structure this is known, considering
the deposit type.
-- If the relationship
between the drilling orientation
and the orientation of
key mineralised structures
is considered to have
introduced a sampling
bias, this should be assessed
and reported if material.
Sample -- The measures taken -- N/A
security to ensure sample security.
Audits -- The results of any -- No audits or reviews have
or reviews audits or reviews of sampling been completed.
techniques and data.
Section 2 Reporting of Exploration Results
(Criteria listed in the preceding section also apply to this
section.)
Mineral -- Type, reference name/number, -- The Rudall tenement E45/5533
tenement location and ownership is 100% owned by Greatland
and land including agreements or Pty Ltd.
tenure material issues with third -- The tenement is subject
status parties such as joint to a Land Access Agreement
ventures, partnerships, (LAA) with Western Desert
overriding royalties, Lands Aboriginal Corporation;
native title interests,
historical sites, wilderness
or national park and environmental
settings.
-- The security of the
tenure held at the time
of reporting along with
any known impediments
to obtaining a licence
to operate in the area.
Exploration -- Acknowledgment and -- One drill hole targeting
done by appraisal of exploration potash brines collared 5km
other parties by other parties. West of the Ramses Geophysical
target was completed by Reward
Minerals in 2014 (refer WAMEX
report A106582). Hole DWRC1455
logged Cainozoic cover to
approximately 75m and Permian
Paterson Fm to end of hole
at to 144m depth.
-- No other known previous
exploration has been carried
out on the tenement.
-- GSWA seismic line LN211
(18GA-KB1) was completed through
E45/5533 2.5kms south of the
Ramses target.
Geology -- Deposit type, geological -- Exploration is for intrusion
setting and style of mineralisation. related Au-Cu deposits similar
to Telfer, Havieron and Winu,
all located in Neo-Proterozoic
Yeneena Group sediments of
the Paterson Province, Western
Australia
Drill -- A summary of all information -- N/A
hole Information material to the understanding
of the exploration results
including a tabulation
of the following information
for all Material drill
holes:
o easting and northing
of the drill hole collar
o elevation or RL (Reduced
Level - elevation above
sea level in metres) of
the drill hole collar
o dip and azimuth of the
hole
o down hole length and
interception depth
o hole length.
-- If the exclusion of
this information is justified
on the basis that the
information is not Material
and this exclusion does
not detract from the understanding
of the report, the Competent
Person should clearly
explain why this is the
case.
Data aggregation -- In reporting Exploration -- N/A
methods Results, weighting averaging
techniques, maximum and/or
minimum grade truncations
(eg cutting of high grades)
and cut-off grades are
usually Material and should
be stated.
-- Where aggregate intercepts
incorporate short lengths
of high grade results
and longer lengths of
low grade results, the
procedure used for such
aggregation should be
stated and some typical
examples of such aggregations
should be shown in detail.
-- The assumptions used
for any reporting of metal
equivalent values should
be clearly stated.
Relationship -- These relationships -- N/A
between are particularly important
mineralis-ation in the reporting of Exploration
widths Results.
and intercept -- If the geometry of
lengths the mineralisation with
respect to the drill hole
angle is known, its nature
should be reported.
-- If it is not known
and only the down hole
lengths are reported,
there should be a clear
statement to this effect
(eg 'down hole length,
true width not known').
Diagrams -- Appropriate maps and -- Maps are provided in Figure
sections (with scales) 1 and 2. No significant discovery
and tabulations of intercepts is reported and no sections
should be included for are provided.
any significant discovery
being reported These should
include, but not be limited
to a plan view of drill
hole collar locations
and appropriate sectional
views.
Balanced -- Where comprehensive -- The reporting is considered
reporting reporting of all Exploration balanced
Results is not practicable,
representative reporting
of both low and high grades
and/or widths should be
practiced to avoid misleading
reporting of Exploration
Results.
Other -- Other exploration data, -- No other substantive exploration
substantive if meaningful and material, data other than that provided
exploration should be reported including in the figures.
data (but not limited to):
geological observations;
geophysical survey results;
geochemical survey results;
bulk samples - size and
method of treatment; metallurgical
test results; bulk density,
groundwater, geotechnical
and rock characteristics;
potential deleterious
or contaminating substances.
Further -- The nature and scale -- Further geophysical surveying
work of planned further work and interpretation is planned
(eg tests for lateral before potential drilling
extensions or depth extensions of any defined targets.
or large-scale step-out
drilling).
-- Diagrams clearly highlighting
the areas of possible
extensions, including
the main geological interpretations
and future drilling areas,
provided this information
is not commercially sensitive.
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END
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