Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said developing its growth portfolio will be a focus in the coming year following the early progress at Paterson South, part of its joint venture with Rio Tinto.
Shaun Day, managing director, added that it was “well-positioned to make the most of all value generative opportunities” following the strategic cornerstone investment from Wyloo of £33.5 million and other funding.
“There has been exploration advancement across our portfolio, which we believe provides excellent optionality and prospectivity in addition to Havieron," he said in a statement with its annual results.
At Havieron, its gold and copper joint venture project with Newcrest/Newmont, progress has also been impressive, he added, with the decline closing in on the top of the ore body.
Losses for the year to end-June 2023 were £26 million (£10.8 million), reflecting the step-up in activity at Havieron and elsewhere.
Cash and equivalents at the year-end were £31.1 million.