As of last Friday, net cash stood at roughly £4mln, helped by last month’s placing of shares, which raised £750,000, and by the recent conversion of warrants into Greatland shares, which brought in about £2.5mln.
Management believes that these funds will facilitate a step change in the scale of the exploration campaigns at the company's key projects.
"The encouraging results from our recent exploration work give us great confidence in our strategy of targeting under-explored areas with significant potential to host sizeable, high quality mineral deposits,” said chief executive officer, Gervaise Heddle,
"Our strengthened cash position means we can aggressively pursue comprehensive and sustained exploration campaigns across all of our key projects over the next two years," he added.
Shares in Greatland were up 4.4% at 2p in mid-morning trading.