Sign up United Kingdom
Proactive Investors - Run By Investors For Investors
Why invest in GGP?

Progress at Havieron, Black Hills and Ernest Giles leaves Greatland Gold in ‘strongest position ever’

Chief executive Gervaise Heddle believes the three projects, all located in Western Australia, have the potential to host “multi-million ounce deposits”
gold mineralisation
New drill programmes at Black Hills and Havieron are due to begin over the next couple of weeks

Greatland Gold PLC (LON:GGP) is in the “strongest position it has ever been” according to the explorer’s chief executive, Gervaise Heddle.

The AIM-quoted firm embarked on successful exploration programmes at the Havieron and Black Hills licences in Western Australia in the first half, while last month it kicked off a major drilling campaign at Ernest Giles, also in Western Australia.

READ: Greatland recovers more gold pieces at Black Hills

The plan now is to follow up the initial results at Havieron and Black Hills with new drill programmes which are slated to begin over the next couple of weeks.

As for Ernest Giles, the drilling it started last month is ahead of schedule and further exploration plans will be announced once the results are received and assessed.

READ: Greatland sees “exceptional” results from Havieron drill campaign

In terms of finances, Greatland ended the first half with £3.5mln of cash and no debt.

‘Multi-million ounce potential’

“Greatland is in the strongest position it has ever been following this year's successful exploration campaigns at both Havieron and Black Hills,” said CEO Heddle in today’s update.

“Both projects were acquired within the last two years and demonstrate the successful execution of Greatland's acquisition and exploration strategy during that time.”

He added: “We believe that Black Hills, Havieron and Ernest Giles have the potential to host multi-million ounce deposits and we look forward to updating investors on our progress as we seek to build on the success of the first half.”


View full GGP profile View Profile

Greatland Gold PLC Timeline

Related Articles

zeolite mine
September 14 2018
Zeolite may not be the most well-known mineral but it has wide applications, such as use in animal feed, as a pozzolan in cement and as an additive to soil, which could be used for cannabis plants
May 15 2018
Output is targeted to average around 225,000 ounces a year over an initial 10-year mine life
Gold fragments
October 11 2018
SP Angel said the company could be “one of the top-yielding precious metals producers on the London market”

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use