Greatland Gold PLC (AIM:GGP, OTC:GRLGF) has confirmed it expects to complete the acquisition of Newmont’s 70% stake in the Havieron gold-copper project and the Telfer gold-copper mine on Wednesday (December 4).
The acquisition conditions of remediation of Telfer Tailings Storage Facility 8 and restart of Telfer processing operations and approvals by the Australian Foreign Investment Review Board and Western Australian Minister for Mines and Petroleum have each been satisfied, said the statement.
Shaun Day, Greatland’s managing director, added: "We are delighted to have scheduled completion of Greatland's transformational acquisition of Telfer and Havieron for Wednesday, 4 December 2024.
"Completion will mark the beginning of a new chapter for Greatland as an immediate and significant Australian gold and copper producer.
“The combination of immediate production from the Telfer operations and our planned completion of the development of the world-class Havieron project provides an exceptional platform for continued growth.”