TIDMGGP
Greatland Gold PLC
20 September 2023
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 20 September 2023
Ernest Giles Land Access Agreement
First agreement by the Manta Rirrtinya Native Title Holder
On-ground exploration at Ernest Giles to resume as a
priority
Expansion to the current granted exploration licences
Greatland Gold plc (AIM:GGP) (Greatland or the Company) is
pleased to announce entry into a Land Access and Mineral
Exploration Agreement (LAA) with the Wakamurru Aboriginal
Corporation RNTBC (Wakamurru), acting on behalf of the Manta
Rirrtinya Native Title Holders, for tenement areas within the
Company's Ernest Giles project on the Manta Rirrtinya exclusive
native title determination area.
Highlights
-- LAA is the first land access agreement that the Manta
Rirrtinya Native Title Holders have entered into since their native
title determination in 2018
-- Greatland can now resume and expedite on-ground exploration
activities on our high priority Ernest Giles project
-- First target is the Meadows prospect with a Government of
Western Australia Exploration Incentive Scheme (EIS) drilling grant
approved and cultural heritage surveys underway
-- Greatland's LAA with the Manta Rirrtinya People is structured
to provide significant benefits to the local community
-- New applications in September 2023 represents approximately a
35% expansion to the current granted exploration licences securing
a comprehensive holding over the Ernest Giles belt
Greatland Managing Director, Shaun Day, commented: "We are very
pleased to announce the completion of our Land Access Agreement
with Wakamurru which sets in place a mechanism for the Manta
Rirrtinya People to benefit from exploration by Greatland on their
country. I would like to thank the Wakamurru Board for their
efforts in bringing this agreement to fruition and look forward to
building a strong relationship based on mutual respect and
cooperation."
"This LAA provides Greatland with exploration access to the
highly prospective Ernest Giles tenements. Ernest Giles has been a
long-standing priority for Greatland as an underexplored Archean
greenstone belt. Ernest Giles will now resume its place as a high
priority project within our exploration portfolio."
Land Access Agreement
Greatland has entered into the LAA with Wakamurru, representing
the Manta Rirrtinya Native Title Holders, covering the majority of
the land within the Ernest Giles project (refer Figure 1
below).
The LAA provides for Wakamurru's consent to the grant of tenure
to, and land access by, Greatland over approximately 75% of the
Ernest Giles project area.
The LAA provides for employment, training and procurement
opportunities for the benefit of
Wakamurru and the Manta Rirrtinya community.
Wakamurru and Greatland have established a cooperative
relationship, enabling them to negotiate this LAA that promotes
heritage protection of the area and provides benefits to the local
community, whilst providing Greatland with the land access
certainty required to undertake its exploration programs.
Overview of the Ernest Giles project
The Ernest Giles project is located approximately 250km
north-east of the town of Laverton and covers a folded belt of
magnetic greenstone rocks ( Figure 2 ) typical of the highly gold
and nickel endowed Archean Goldfields of Western Australia. The
Goldfields host large gold camps such as Kalgoorlie, Leonora,
Laverton, Mt Magnet and Jundee. The prospective greenstone sequence
at Ernest Giles does not outcrop and, as a consequence, is
underexplored relative to the remainder of the Goldfields.
The cover sequence ranges from around 120m to more than 300m
across the broader project area. Moderate to deep reverse
circulation (RC) drilling is expected to provide an effective test
of bedrock across most of the tenure.
Greatland's granted and under-application tenure at Ernest Giles
covers more than 1,950km(2) , and includes a new application in
September 2023 that represents approximately a 35% expansion to the
current granted exploration licences, securing a comprehensive
holding over what Greatland considers the most prospective near
surface portions of the Ernest Giles belt. Over 75% of the
Company's granted and under-application tenure is covered by the
new LAA.
Prior to the discovery of Havieron in 2018, Ernest Giles was
Greatland's highest priority project. The Company has previously
completed 62 RC holes for 17,000m and 4 diamond holes for 1,300m of
diamond drilling.
Prior work focused on the Meadows prospect, with a program of
800m spaced RC drilling. All holes intersected Archean bedrock
inclusive of prospective banded ironstones, mafic intrusives and
dacites, all of which are known gold host rocks within the Archean
greenstones of the Yilgarn Craton. Moderate gold results of up to
2g/t Au were recorded, and these are considered highly encouraging
given the wide spaced nature of this first phase drill testing. The
first on-ground activities under the new LAA will again focus on
the Meadows prospect (Figure 3), with two EIS co-funded diamond
holes following up on anomalism in the previous RC drilling.
Ongoing work will include airborne geophysics to better
understand the geology of the entire Ernest Giles belt and
prioritise targets, prior to systematic drill testing of the
resultant priority targets.
Figure 2 : Yilgarn Craton Goldfields and Archean Greenstones
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | info@greatlandgold.com
Nominated Advisor
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368
3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / George Grainger | +44 207
523 8000
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341
3500
Media Relations
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry
Gamble | +44 204 582 3500
Australia - Fivemark Partners | Michael Vaughan | +61 422 602
720
About Greatland
Greatland is a mining development and exploration company
focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron
gold-copper project in the Paterson Province of Western Australia,
discovered by Greatland and presently under development in joint
venture with ASX gold major, Newcrest Mining Limited (which is the
subject of an agreed takeover by Newmont Corporation that is
ongoing).
Havieron is located approximately 45km east of Newcrest's
existing Telfer gold mine. The box cut and decline to the Havieron
orebody commenced in February 2021. Significant progress continues
with the exploration decline with total development at over 2,600
metres in early August 2023. Subject to a positive feasibility
study and Decision to Mine, Havieron may leverage the existing
Telfer infrastructure and processing plant.
Greatland has a proven track record of discovery and exploration
success and is pursuing the next generation of tier-one mineral
deposits by applying advanced exploration techniques in
under-explored regions. Greatland has a number of exploration
projects across Western Australia and in parallel to the
development of Havieron is focused on becoming a multi-commodity
miner of significant scale.
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