logo-loader
viewGreatland Gold PLC

Greatland Gold holds a handful of promise across Australia

Snapshot

  • Australia-focused gold explorer with numerous projects
  • Newcrest Mining has partnered with Greatland at Havieron
  • Grades at Havieron have been consistently impressive
  • Good grades also unearthed at other prospects
Newcrest Mining -

Quick facts: Greatland Gold PLC

Price: 4.32 GBX

AIM:GGP
Market: AIM
Market Cap: £157.88 m
Follow

What it owns

Western Australia

The Paterson Project comprises the Havieron, Black Hills and Paterson Range East licences, covering over 385 square kilometres of under-explored ground in the Paterson Province in Western Australia. 

Australian gold major Newcrest Mining has a farm-in agreement to explore and develop the Havieron gold-copper project and earn 70% interest in the 12 blocks by spending up to US$65mln.

Panorama consists of three adjoining exploration licences, covering 155 square kilometres, located in the Pilbara region of Western Australia. Greatland has recently identified potential gold targets on both the north-western and southern licence.

Ernest Giles is 250km north-east of Laverton in the Yilgarn in central Western Australia. The project covers approximately 1,370sq km of unexplored Yilgarn Craton hosting greenstone belts and intrusives with over 180km of strike of prospective rocks. Greatland is hoping for a 5mln oz plus deposit.

Bromus is 25km south-west of Norseman and 65km south of the historic Chalice gold mine in the southern Yilgarn region of Western Australia. The Bromus exploration licence covers 52sq km of under-explored greenstone & intrusive granites of the Archean Yilgarn Block at the southern end of the Kalgoorlie-Norsman Belt, host to over 120M oz Au and numerous nickel deposits.

Tasmania

Firetower consists of one 100% owned tenement with gold and copper targets within approximately 12km of strike of prospective rocks in northern Tasmania.

Warrentinna is 60km North-East of Launceston in North-Eastern Tasmania and covers an area of 37sq km with 15km of strike prospective for gold.

 

How it's doing?

Exploration is ongoing across Greatland Gold PLC's (LON:GGP) portfolio.

Latest results from Havieron, where partner Newcrest now has eight rigs running, were described as  “outstanding" by the company.

The AIM-listed miner said the numbers represented “one of the best set of drilling results” at the project since exploration began at the site, with three holes reporting in excess of 400 gold gram-metres and one result reporting 500 gold gram-metres.

Newcrest is said to be keen to move underground by the end of 2020 and to get into production within 2-3 years.

Latest video

Inflexion points

  • Drilling results are likely to dominate Greatland’s newsflow with so much exploration underway
  • Partners for others of the group’s projects
  • Gold price keeps rising

What the broker says: Numis about Havieron

"In our view, GGP is one of the most exciting exploration plays globally, as the Telfer Mine is running out of reserves and Newcrest has clearly prioritised the project as a future potential source of higher-grade ore feed."

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

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...

In exchange for publishing services rendered by the Company on behalf of Greatland Gold PLC named herein, including the promotion by the Company of Greatland Gold PLC in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

High margins and record gold price 'seeing investors move back into gold...

Mining Capital's Alastair Ford looks at the opportunities around gold equities given the current backdrop of global market uncertainty. ''You've got a record high gold price and low oil prices and a lot of the gold mining companies incur huge energy costs and with the oil price at low levels,...

1 week, 3 days ago

3 min read