Proactiveinvestors United Kingdom Greatland Gold PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Greatland Gold PLC RSS feed en Tue, 23 Jul 2019 22:55:42 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Greatland Gold identifies numerous high-priority targets at Paterson Range East ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/14090/greatland-gold-identifies-numerous-high-priority-targets-at-paterson-range-east-14090.html Mon, 15 Jul 2019 13:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/14090/greatland-gold-identifies-numerous-high-priority-targets-at-paterson-range-east-14090.html <![CDATA[News - Greatland Gold identifies high-priority exploration targets at Paterson Range East ]]> https://www.proactiveinvestors.co.uk/companies/news/223914/greatland-gold-identifies-high-priority-exploration-targets-at-paterson-range-east-223914.html Greatland Gold PLC (LON:GGP) said it has identified numerous high-priority exploration targets at Paterson Range East after conducting a aeromagnetic survey over the licence area.

The miner’s wholly-owned Paterson Range East licence, E45/4928, is located about 25 kilometres north of its Havieron gold-copper prospect in Western Australia.

Greatland said new aeromagnetic data collected across the licence has successfully found and defined targets with a “similar magnetic signature” to Havieron.

READ: Greatland Gold kicks off Black Hills drill programme

The group added that modelling of these targets is underway. The targets will be subject to detailed, grid-based ground gravity and surface geochemical work.

Comprehensive ground gravity and surface geochemistry is expected to start in August before being subject to further modelling and follow-up work, which could include induced polarisation or electromagnetic geophysical surveys, ahead of drilling testing.

"The combination of a focused suite of geophysical and geochemical tools provides us with a fast, effective and relatively low-cost method to screen for high-priority targets over a large area,” said chief executive Gervaise Heddle.

“We look forward to providing more detail on our exploration activities at Paterson Range East as the programme progresses."

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Mon, 15 Jul 2019 11:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223914/greatland-gold-identifies-high-priority-exploration-targets-at-paterson-range-east-223914.html
<![CDATA[RNS press release - Paterson Range East - Results & Exploration Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190715113337_14149494/ Mon, 15 Jul 2019 11:33:37 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190715113337_14149494/ <![CDATA[RNS press release - Block Listing Six Monthly Return ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190712091809_14146636/ Fri, 12 Jul 2019 09:18:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190712091809_14146636/ <![CDATA[Media files - Greatland Gold's Gervaise Heddle details drill programme at 'key' Black Hills project ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/14023/greatland-gold-s-gervaise-heddle-details-drill-programme-at--key--black-hills-project-14023.html Tue, 09 Jul 2019 11:39:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/14023/greatland-gold-s-gervaise-heddle-details-drill-programme-at--key--black-hills-project-14023.html <![CDATA[News - Greatland Gold kicks off Black Hills drill programme ]]> https://www.proactiveinvestors.co.uk/companies/news/223591/greatland-gold-kicks-off-black-hills-drill-programme-223591.html Greatland Gold PLC (LON:GGP) shares advanced on Tuesday after the firm told investors that it has begun a drill programme at the Black Hills gold project, in the Paterson region of Western Australia.

It is the first drill programme at Black Hills and it will comprise a total of 20 holes. The Company expects to drill around 6,000 metres.

READ: Greatland gets excited about early results from Panorama

The aim is to test an anomaly that has been estimated to be around 1,400 metres in length, which is spatially coincident with gold mineralisation seen at surface.

"We are excited to have commenced Greatland's first drilling campaign at Black Hills,” said Gervaise Heddle, Greatland chief executive.

“Following encouraging field and geophysical work, the team believes that Black Hills, which sits adjacent to our Havieron licence and has displayed potential for near-surface gold mineralisation, could become Greatland's second significant project in the highly prospective Paterson region.

“It is therefore a high priority target for the Company and we look forward to updating shareholders on our progress," he added.

In afternoon trading, shares in Greatland Gold were 6.9% higher at 1.85p.

 -- Adds share price --

 

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Tue, 09 Jul 2019 10:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223591/greatland-gold-kicks-off-black-hills-drill-programme-223591.html
<![CDATA[RNS press release - First Drilling Campaign at Black Hills Commences ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190709103331_14141713/ Tue, 09 Jul 2019 10:33:31 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190709103331_14141713/ <![CDATA[News - Greatland Gold gets excited about early results from Panorama investigation ]]> https://www.proactiveinvestors.co.uk/companies/news/223514/greatland-gold-gets-excited-about-early-results-from-panorama-investigation-223514.html Greatland Gold PLC (LON:GGP) has found gold nuggets along a longer stretch of its Panorama project in Western Australia and geochemical and geophysical work is continuing to further extend the known area of mineralisation.

The AIM-listed company, which wholly owns the three adjoining exploration licences in the Pilbara region that form the Panorama project, has found “numerous” gold nuggets in more than 10 locations, extending the length of the surface ‘strike’ from 3.2km to 4.3km.

WATCH: Greatland Gold kicks off further exploration at its Panorama project

Greatland said the mineralised zone remains open to potential extension in a south-westerly direction and it will carry out further reconnaissance activities and systematic surface geochemical sampling before the end of July.

The company will also kick off a detailed, low level aeromagnetic survey across the entire Panorama project next week, covering roughly a total flight-line of 8,000km at a line spacing of 50m.

“The discovery of numerous gold nuggets in multiple locations within the first week of the new field campaign at Panorama represents a very exciting start to this campaign and further confirms our belief in the significant potential of this project,” said chief executive Gervaise Heddle.

He said the geochemical and geophysical campaign “represents a step up in the scale of exploration previously conducted at this project” and he felt these early results support the decision to accelerate the pace of exploration activity.

Greatland shares rose 8% on the news to 1.71p on Monday afternoon.

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Mon, 08 Jul 2019 13:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223514/greatland-gold-gets-excited-about-early-results-from-panorama-investigation-223514.html
<![CDATA[RNS press release - Update on Exploration Campaign at Panorama Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190708090805_14139827/ Mon, 08 Jul 2019 09:08:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190708090805_14139827/ <![CDATA[Media files - Greatland Gold kicks off further exploration at its Panorama project ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13900/greatland-gold-kicks-off-further-exploration-at-its-panorama-project-13900.html Thu, 27 Jun 2019 13:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13900/greatland-gold-kicks-off-further-exploration-at-its-panorama-project-13900.html <![CDATA[News - Greatland Gold starts second round of surface work at Panorama in WA ]]> https://www.proactiveinvestors.co.uk/companies/news/222943/greatland-gold-starts-second-round-of-surface-work-at-panorama-in-wa-222943.html Greatland Gold PLC (LON:GGP) has commenced early stage exploration at its  Panorama project in Western Australia with field reconnaissance and surface geochemical work.

Additionally, a detailed, low level aeromagnetic survey covering the entire Panorama project area is scheduled to begin next month.

Previous field work identified two clusters of gold anomalism in the central parts of the project.

The Panorama project consists of three adjoining licences, covering approximately 155sq km, located in the Pilbara region.

Gervaise Heddle, chief executive, said: “Results from our first field programme established the presence of gold mineralisation across several kilometres of strike and confirmed our belief in the significant potential of the project.

“This dual programme of geochemical and geophysical work will generate a comprehensive dataset to refine key targets for initial drill testing."

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Thu, 27 Jun 2019 11:04:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/222943/greatland-gold-starts-second-round-of-surface-work-at-panorama-in-wa-222943.html
<![CDATA[RNS press release - New Exploration Campaign at Panorama Project ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190627102414_14126997/ Thu, 27 Jun 2019 10:24:14 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190627102414_14126997/ <![CDATA[News - Greatland Gold starts gearing up for Firetower drill programme ]]> https://www.proactiveinvestors.co.uk/companies/news/221962/greatland-gold-starts-gearing-up-for-firetower-drill-programme-221962.html Greatland Gold PLC (LON:GGP) told investors it has begun preparations for a drill programme at the Firetower gold project in Tasmania.

The company plans to drill 15 holes, for a total of 2,000 metres, to test the centre of the chargeability anomaly at Firetower and additional drilling will test the previously undrilled Firetower East area.

READ: Greatland Gold extends range of Black Hills exploration target

"We are very pleased to have commenced field activities ahead of a drill programme that could begin to unlock the true potential of this project,” said Gervaise Heddle, Greatland chief executive.

“The current programme is designed to test sections of the large chargeability anomaly, approximately 1,000 metres long, that was identified by the results of last year's 3DIP survey.

“Importantly, the results of that earlier survey illustrated that the existing sub-surface gold mineralisation identified by previous drilling at Firetower is spatially associated with the 3DIP anomaly."

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Wed, 12 Jun 2019 09:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221962/greatland-gold-starts-gearing-up-for-firetower-drill-programme-221962.html
<![CDATA[RNS press release - Greatland Commences Field Activities at Firetower ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190612093719_14107989/ Wed, 12 Jun 2019 09:37:19 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190612093719_14107989/ <![CDATA[RNS press release - TR-1: Notification of major holdings ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190530133150_14092752/ Thu, 30 May 2019 13:31:50 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190530133150_14092752/ <![CDATA[News - Greatland Gold extends range of Black Hills exploration target ]]> https://www.proactiveinvestors.co.uk/companies/news/221216/greatland-gold-extends-range-of-black-hills-exploration-target-221216.html Greatland Gold PLC (LON:GGP) told investors that an exploration survey has extended the range of the exploration target at the Black Hills project in northern Western Australia.

The company has completed a ‘high powered, deep sensing induced polarisation’ survey over a chargeability anomaly described as being ‘spatially coincident’ with gold mineralisation that was previously identified at surface.

As a result of the survey results, Greatland has added some 400 metres to the length of the anomaly, which is now deemed to exceed 1,400 metres.

WATCH: Greatland Gold to kick off exploration at Paterson Range East

Analysis of the survey results also guides the identification of drill targets for future exploration. The aim of an upcoming drill programme will be to test these targets with a view to establishing a maiden resource estimate for the project.

Greatland today noted a ‘tightness’ in local rig availability and said it now expects the Black Hills drill programme will start by early July.

"We are very pleased by these results which further extend the length of the large chargeability anomaly to over 1,400m,” said Gervaise Heddle, Greatland chief executive.

“The 1,000m of strike previously identified, which is spatially coincident with gold mineralisation identified at surface, has been successfully proven to continue for a further 400m to the south-east, whilst still remaining open to the south.

“As a result of this positive outcome and recent field reconnaissance, we have been able to further refine target drill locations for Greatland's first drilling campaign at Black Hills, which is expected to commence in the next four or five weeks."

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Thu, 30 May 2019 11:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221216/greatland-gold-extends-range-of-black-hills-exploration-target-221216.html
<![CDATA[RNS press release - Black Hills - Positive IP Results and Drill Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190530095017_14092331/ Thu, 30 May 2019 09:50:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190530095017_14092331/ <![CDATA[Media files - Greatland Gold to kick off exploration at Paterson Range East ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13441/greatland-gold-to-kick-off-exploration-at-paterson-range-east-13441.html Wed, 22 May 2019 11:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13441/greatland-gold-to-kick-off-exploration-at-paterson-range-east-13441.html <![CDATA[RNS press release - Exploration to Commence at Paterson Range East ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190522101853_14083462/ Wed, 22 May 2019 10:18:53 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190522101853_14083462/ <![CDATA[News - Newcrest starts drilling at Greatland Gold’s Havieron gold project ]]> https://www.proactiveinvestors.co.uk/companies/news/220745/newcrest-starts-drilling-at-greatland-golds-havieron-gold-project-220745.html Australian mining giant Newcrest Mining Ltd (ASX:NCM) has started drilling at Greatland Gold PLC’s (LON:GGP) Havieron gold-copper project in the Paterson region of Western Australia.

Newcrest will drill a total of approximately 10,000 metres (m) as part of this initial drill programme, which it is covering all the costs for.

READ: Greatland Gold signs US$65mln farm-in agreement with Newcrest

The aim is to define the extent of the mineralisation along strike and at depth, testing the system to a depth of 1,000 metres below surface.

“It is an exciting moment for Greatland as Newcrest embarks on its first drill programme at our cornerstone Havieron gold-copper project,” said Greatland chief executive Gervaise Heddle.

“The initial 10,000-metre drill programme is the most extensive at Havieron to date and we anticipate that Newcrest's technical expertise and understanding of the local geology will build upon our highly successful 2018 programme.”

Back in March, Greatland signed a farm-in agreement with Newcrest to explore and develop Havieron.

Newcrest has the right to acquire a 70% stake in the project by spending up to US$65mln. It also has the option to buy another 5% stake in Havieron.

Exploration work to start at Paterson Range East shortly

In a separate announcement later on Wednesday, Greatland confirmed it plans to start exploration work at the nearby Paterson Range East licence early next month (June).

Due to be carried out first is a detailed, low-level airborne magnetic survey covering around 5,200-line kilometres.

Greatland said the new survey will “significantly increase” the resolution of twenty magnetic targets previously identified across the licence and will help in the structural and geological interpretation of those targets.

“Greatland's 2019 exploration programme in the Paterson is advancing on a number of fronts, with a detailed aeromagnetic survey planned at Paterson Range East, a 6,000 metre drilling programme expected to commence at Black Hills within the next few weeks, and Newcrest's first drilling programme at Havieron underway,” said CEO Heddle.

“The aeromagnetic survey at Paterson Range East is part of an important and ongoing process to prioritise the multiple geophysical targets that we have across our Paterson licences.”

Shares rose 3.4% to 1.7p on Wednesday morning.

--Updates for additional info and share price--

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Wed, 22 May 2019 07:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220745/newcrest-starts-drilling-at-greatland-golds-havieron-gold-project-220745.html
<![CDATA[RNS press release - Newcrest Commences Drilling at Havieron ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190522070002_14082654/ Wed, 22 May 2019 07:00:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190522070002_14082654/ <![CDATA[News - Greatland Gold begins exploration campaign, announces maiden drilling at Black Hills licence ]]> https://www.proactiveinvestors.co.uk/companies/news/219787/greatland-gold-begins-exploration-campaign-announces-maiden-drilling-at-black-hills-licence-219787.html Greatland Gold PLC (LON:GGP) has started a field exploration campaign at its Black Hills licence in Western Australia while also announcing plans for a maiden drilling programme at the site.

The precious metals explorer said it would begin the programme with a high powered, deep sensing Induced Polarisation (IP) survey, a geophysical imaging technique designed to detect underground materials such as ore.

READ: Newcrest now getting down to business on Greatland Gold’s Havieron project

Greatland said the IP survey was looking to extend an anomaly identified by a similar survey last year, with a maiden drilling programme scheduled to begin in early June that would include 20 holes for a total of 6,000 metres of drilling.

"The high powered, deep penetrating IP survey at Black Hills is designed to test whether the large, chargeability anomaly that was previously identified over 1,000m of strike, and which is spatially coincident with gold mineralisation identified at surface, continues further to the south-east”, said Gervaise Heddle, Greatland’s chief executive.

"We intend to immediately follow up this survey by commencing Greatland's first drilling campaign at Black Hills in early June. It is set to be a busy exploration season this year and we look forward to pursuing multiple exciting exploration targets at Black Hills".

In mid-morning trading on Tuesday, Greatland shares were 0.6% lower at 1.6p.

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Tue, 07 May 2019 10:41:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219787/greatland-gold-begins-exploration-campaign-announces-maiden-drilling-at-black-hills-licence-219787.html
<![CDATA[RNS press release - Greatland Commences Field Exploration Campaign ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190507092335_14064466/ Tue, 07 May 2019 09:23:35 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190507092335_14064466/ <![CDATA[News - Newcrest now getting down to business on Greatland Gold’s Havieron project ]]> https://www.proactiveinvestors.co.uk/companies/news/219346/newcrest-now-getting-down-to-business-on-greatland-golds-havieron-project-219346.html Australian gold giant Newcrest (ASX:NCM) has now begun work on Greatland Gold PLC (LON:GGP) after it signed a major earn-in deal earlier this year.

Newcrest has the right to acquire up to a 70% interest in a 12-block area by spending up to US$65mln.

WATCH: Greatland Gold to narrow its focus on big tier-one projects to ‘move the needle’ for investors

Newcrest has commenced a native title heritage survey of the Havieron project and expects to commence the construction of a field camp at Havieron in mid-May, with drilling to commence shortly after. 

The initial drill programme comprises approximately 10,000 metres of drilling with the aim to define the extent of the mineralisation along strike and at depth, testing the system to a depth of 1,000 metres below surface.

"We are very pleased with the thorough and extensive work that has been completed by Newcrest in preparation for field activities at Havieron,” said Gervaise Heddle, chief executive of Greatland Gold.

“We look forward to keeping shareholders fully updated as Newcrest moves forward with its drilling programme which is expected to commence within the next few weeks."

 

 

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Tue, 30 Apr 2019 08:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/219346/newcrest-now-getting-down-to-business-on-greatland-golds-havieron-project-219346.html
<![CDATA[RNS press release - Update on Newcrest's activities at Havieron ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190430082239_14056875/ Tue, 30 Apr 2019 08:22:39 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190430082239_14056875/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190430070004_14056245/ Tue, 30 Apr 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190430070004_14056245/ <![CDATA[News - Greatland Gold unveils new drilling programme at Firetower project ]]> https://www.proactiveinvestors.co.uk/companies/news/218682/greatland-gold-unveils-new-drilling-programme-at-firetower-project-218682.html Greatland Gold PLC (LON:GGP) has announced a new 15-hole drilling programme at its Firetower project in Tasmania, Australia.

The exploration firm said the drilling would test targets at Firetower and Firetower East that were identified from geophysical imaging conducted by the company last year.

READ: Greatland Gold outlines its strategy and exploration priorities for 2019

An anomaly of around 1,000m had been identified from the imaging survey, Greatland said, with sub-surface gold mineralisation found in previous drilling lining up with the data.

The drilling itself would focus on the location of the anomaly around Firetower, while the drilling at Firetower East would test a previously undrilled area that displayed similar geological features.

Field activities for the programme are expected to begin in late May following regulatory approval.

Gervaise Heddle, chief executive, said the programme was “an important opportunity” to test the mineralisation at Firetower as well as the previously undrilled area.

“This programme is designed to further advance this exciting gold project and is in line with our stated strategy of focusing on those assets which have the potential to deliver significant shareholder value in the medium term.”

In mid-morning trading Tuesday, Greatland shares were up 0.2% at 1.7p.

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Tue, 16 Apr 2019 10:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/218682/greatland-gold-unveils-new-drilling-programme-at-firetower-project-218682.html
<![CDATA[RNS press release - Firetower Project: Launch of New Drilling Plan ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190416094019_14042820/ Tue, 16 Apr 2019 09:40:19 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190416094019_14042820/ <![CDATA[RNS press release - Exercise & Extension of Options, Director Dealings ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190409135343_14034661/ Tue, 09 Apr 2019 13:53:43 +0100 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190409135343_14034661/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190329070002_14020355/ Fri, 29 Mar 2019 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190329070002_14020355/ <![CDATA[RNS press release - Grant of Options to New Appointments ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190322101714_14012409/ Fri, 22 Mar 2019 10:17:14 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190322101714_14012409/ <![CDATA[Media files - Greatland Gold to narrow its focus on big tier-one projects to ‘move the needle’ for investors ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12641/greatland-gold-to-narrow-its-focus-on-big-tier-one-projects-to-move-the-needle-for-investors-12641.html Tue, 19 Mar 2019 13:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12641/greatland-gold-to-narrow-its-focus-on-big-tier-one-projects-to-move-the-needle-for-investors-12641.html <![CDATA[News - Greatland Gold outlines its strategy and exploration priorities for 2019 ]]> https://www.proactiveinvestors.co.uk/companies/news/216732/greatland-gold-outlines-its-strategy-and-exploration-priorities-for-2019-216732.html Greatland Gold PLC (LON:GGP) has outlined its plans for 2019, following the recent announcement of a US$65mln farm-in agreement with Newcrest to advance the Havieron project.

Greatland plans to leverage the exploration insights gained at Havieron to prioritise and accelerate exploration at key targets across its Paterson licences. 

WATCH: Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in

Greatland has identified multiple targets within its licences with a similar geophysical signature to Havieron and is working on prioritising those targets for 2019.

The company is currently finalising plans for exploration programmes at Black Hills and Scallywag.

It will also keep its eye out for potential acquisitions and may divest less attractive projects.

There is plenty of money for all this work too. Investment for Havieron has been secured, while Greatland had approximately £4mln in cash as at 31 December 2018.

"We are thrilled with Greatland's progress over the last year which has taken the Company to a new level in its development,” said Gervaise Heddle, Greatland’s chief executive.

“The farm-in agreement with Newcrest represents a cornerstone for Greatland on which we plan to build a large and valuable business focused on potential tier-one gold-copper projects.”

 

 

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Tue, 19 Mar 2019 08:42:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216732/greatland-gold-outlines-its-strategy-and-exploration-priorities-for-2019-216732.html
<![CDATA[RNS press release - Strategic and Operational Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190319082431_14007266/ Tue, 19 Mar 2019 08:24:31 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190319082431_14007266/ <![CDATA[Media files - Greatland Gold PLC the 'erstwhile minnow' now valued at more than £60mln ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12617/greatland-gold-plc-the--erstwhile-minnow--now-valued-at-more-than-60mln-12617.html Fri, 15 Mar 2019 11:07:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12617/greatland-gold-plc-the--erstwhile-minnow--now-valued-at-more-than-60mln-12617.html <![CDATA[News - Greatland Gold’s US$65mln joint venture deal is just the latest in an ongoing rush into the gold-bearing riches of Paterson ]]> https://www.proactiveinvestors.co.uk/companies/news/216387/greatland-golds-us65mln-joint-venture-deal-is-just-the-latest-in-an-ongoing-rush-into-the-gold-bearing-riches-of-paterson-216387.html What do you get if you hit 275 metres grading 4.77 grams gold and 0.61% copper?

The answer is simple enough, as shown by Greatland Gold PLC (LON:GGP) this week: a US$65mln joint venture deal that could pay all expenses to feasibility, and which could lead to the development of a major producing mine.

WATCH: Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in

The partner in question is Newcrest Mining LTD (ASX:NCM), Australia’s largest gold producer and, as a participant in the Lihir mine in Indonesia, a major player in the international scene.

It’s quite some leap for Greatland, shares of which are now touching five-year highs, to give it a market capitalisation of more than £50mln.

But even with the share price leap, the value of Newcrest’s potential spend still roughly commensurates with Greatland’s entire capitalisation.

In short, it’s a big deal for a small company, the type of which you don’t see every day.

WATCH: Greatland Gold PLC the 'erstwhile minnow' now valued at more than £60mln

At the heart of it is that 275-metre intercept and what it means.

First off, it’s deep, running from depths of around 459 metres below surface. That means an expensive underground operation is inevitable, and one that’s surely out of the price range of a junior miner like Greatland.

Nevertheless, the sheer quality of the intercept, its length and grade, meant that Greatland was unlikely to be short of suitors offer to provide assistance, and on attractive terms too. Indeed, such an outcome was already broadly priced into Greatland’s shares, which, although they leapt on the day of the Newcrest announcement, didn’t quite scale the former heights reached when the original news of the intercept came out.

But of course, there’s more than one drill hit to this story.

WATCH: Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale'

There’s a whole new gold district opening up in and around Greatland’s Havieron project in Western Australia. Previous drilling by Greatland had already hit, what in the context of the later hit might now be called “encouraging”, but which at the time looked attractive enough in their own right.

Drilling returned 121 metres of 2.93 grams per tonne in early 2018, and follow-up work in the summer delivered further hits of 21 metres at 3.78 grams per tonne and one metre at 5.9 grams per tonne.

So, it’s not just a one-off hit that Newcrest is buying into, it’s a solid work programme that could be about to yield up a major discovery.

And it’s certainly in the right area for that. Greatland’s land package at Havieron isn’t held in isolation. All around, other gold miners are busy exploring what looks to be an emerging new district at Paterson, in Western Australia. Forty-five kilometres to the west lies Newcrest’s own Telfer mine, and both Greatland and Newcrest have been quite explicit that if ore comes up out of the ground at Havieron it will be destined for processing at Telfer.

That’s a significant distance to truck ore, but such arrangements are not particularly uncommon in the industry, and the overall savings on the construction of a new plant at Havieron could run to hundreds of millions of dollars.

Newcrest, as the most powerful player in the region, is thus making a US$65mln claim to what could be the next big mine in Paterson, and it knows exactly what it wants to do with it.

In that sense, it is at least one step ahead of its rivals in Paterson, of whom there are many. A staking rush has gradually gathered steam over the past 24 months or so, and has led the likes of Rio Tinto PLC  (LON:RIO), Sipa Resources Limited (ASX:SRI), Fortescue, Antipa and Red Metal into the area.

Aside from Telfer, which is up and running, there are several advanced prospects in Paterson, particularly on ground held by Antipa, or in joint venture between Antipa and Rio, where the exploration spend is rumoured to run to extremely high levels.

But the addition of Havieron to the list shifts the centre of gravity at Paterson over to the south-east. The Greatland exploration blocks were previously thought to be on the edge of the prospective area, but no longer. Newcrest hasn’t only joint ventured the block containing Greatland’s 275-metre hit, it has also joint ventured 11 others held by Greatland, and obtained a right of first refusal over others.

This confirms Newcrest as a significant player in the ongoing development of the Paterson region, more than holding its own against larger rival Rio Tinto.

READ: Greatland Gold gains as Primorus Investments ups its holding in the gold explorer to around 1.1%

The likelihood now is that Newcrest drill rigs will mobilise rapidly at Havieron in an endeavour to replicate Greatland’s own drilling success. That, in turn, is likely to lead to some interesting newsflow that already has Greatland shareholders salivating.

"This farm-in has, in my opinion, the potential to open up the entire Havieron region to commercial mining in a time frame and cost that stand-alone operations could never compete  with," said Alastair Clayton, executive director of Primorus Investments PLC (LON:PRIM), which owns around 1.1% of Greatland’s shares.

Clayton has been involved in the capital markets and mining finance for many years now, and he knows a good thing when he sees it.

Newcrest’s chief development officer, Michael Nossal, would tend to agree.

“It is becoming more and more evident that the Paterson region is highly prospective for under-cover discoveries,” he said.

 

 

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Wed, 13 Mar 2019 12:12:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216387/greatland-golds-us65mln-joint-venture-deal-is-just-the-latest-in-an-ongoing-rush-into-the-gold-bearing-riches-of-paterson-216387.html
<![CDATA[RNS press release - Update on Investment in Greatland Gold PLC ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312130347_13999339/ Tue, 12 Mar 2019 13:03:47 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312130347_13999339/ <![CDATA[Media files - Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12565/greatland-gold-in-a--tremendous-position--as-it-signs-us65mln-havieron-farm-in-12565.html Tue, 12 Mar 2019 11:28:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12565/greatland-gold-in-a--tremendous-position--as-it-signs-us65mln-havieron-farm-in-12565.html <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312090523_13998773/ Tue, 12 Mar 2019 09:05:23 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312090523_13998773/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312090020_13998758/ Tue, 12 Mar 2019 09:00:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312090020_13998758/ <![CDATA[News - Greatland Gold signs US$65mln farm-in agreement with Newcrest ]]> https://www.proactiveinvestors.co.uk/companies/news/216260/greatland-gold-signs-us65mln-farm-in-agreement-with-newcrest-216260.html Greatland Gold PLC (LON:GGP) has signed a farm-in agreement with Newcrest Mining LTD (ASX:NCM) for the further advancement of the Havieron project in the Paterson region of Western Australia.

Additionally, during the farm-in period, Newcrest will have the first right of refusal over the remainder of Greatland's Paterson project, including Black Hills, Paterson Range East and the remaining areas of Havieron licence.

Newcrest has the right to acquire up to a 70% interest in Havieron by spending up to US$65mln and completing a series of exploration and development milestones in a four-stage farm-in over six years.

After meeting the milestones, Newcrest has the option to acquire an additional 5% interest at fair market value taking Newcrest's interest in the Farm-in to 75%.

Newcrest will act as Manager during the Farm-in period and it is expected that drilling at Havieron will recommence in April 2019, under Newcrest's management and at Newcrest's expense.

The current intention of both parties is that, subject to a positive feasibility study outcome, the ore from the proposed Havieron Joint Venture will be toll processed at Newcrest's Telfer gold mine, approximately 45 kilometres to the west of Havieron.

"We are delighted to welcome Newcrest as our chosen partner for accelerating the exploration and development of Havieron,” said Greatland chief executive Gervaise Heddle. 

“We believe that this deal represents a win-win for both parties due to the potential for significantly reduced capital costs and increased efficiency resulting from ore being toll processed at Newcrest's nearby Telfer mine. Moreover, Newcrest's expertise should help fast track Havieron through to a completed Feasibility Study and, subject to positive outcomes, into production.”

 

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Tue, 12 Mar 2019 08:07:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216260/greatland-gold-signs-us65mln-farm-in-agreement-with-newcrest-216260.html
<![CDATA[RNS press release - US$65m Farm-In Agreement with Newcrest at Havieron ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312070011_13998113/ Tue, 12 Mar 2019 07:00:11 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190312070011_13998113/ <![CDATA[News - Greatland Gold ends six months to December well positioned to follow-up on exploration success ]]> https://www.proactiveinvestors.co.uk/companies/news/215709/Greatland-Gold-ends-six-months-to-December-well-positioned-to-follow-up-on-exploration-success-215709.html Greatland Gold PLC (LON:GGP) finished the six months to December 2018 with approximately £4mln in cash.

This money will be used to continue with exploration work across the company’s Australian assets, including follow-up work on Havieron, where Greatland drilled a world-class intercept of 275 metres grading 4.77grams gold and 0.61% copper.

WATCH: Greatland Gold's Havieron has potential to be multi-commodity project of 'significant scale'​

Work on the Black Hills, Ernest Giles and Firetower projects will also continue.

"It has been a very significant first half of the year for Greatland, characterised by strong progress across our key projects,” said chief executive Gervaise Heddle.

“Most notably, we recorded exceptional drilling results in the Paterson, making clear the potential for Havieron to become a large-scale underground mining operation. We have also added financial stability through a successful fundraising and the company is well capitalised to sustain our momentum in the second half of the year.

He added that Greatland might be on the look-out for more assets too, with the potential to become “large multi-million ounce deposits.”

Drilling at Havieron will recommence shortly.

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Mon, 04 Mar 2019 10:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/215709/Greatland-Gold-ends-six-months-to-December-well-positioned-to-follow-up-on-exploration-success-215709.html
<![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190304092712_13988831/ Mon, 04 Mar 2019 09:27:12 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190304092712_13988831/ <![CDATA[RNS press release - TR-1: Notification of major holdings ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190304070008_13988261/ Mon, 04 Mar 2019 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190304070008_13988261/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190228070006_13984389/ Thu, 28 Feb 2019 07:00:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190228070006_13984389/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190206164031_13960841/ Wed, 06 Feb 2019 16:40:31 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190206164031_13960841/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190206163540_13960835/ Wed, 06 Feb 2019 16:35:40 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190206163540_13960835/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190205110540_13958813/ Tue, 05 Feb 2019 11:05:40 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190205110540_13958813/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190205110033_13958795/ Tue, 05 Feb 2019 11:00:33 +0000 https://www.proactiveinvestors.co.uk/companies/rns/404/LSE20190205110033_13958795/