Greatland Gold PLC (LON:GGP) applied for two new exploration licences adjacent to the company's Ernest Giles project in Western Australia.
The two applications are for Mount Smith (E38/3612) and Welstead Hill (E38/3613) and cover a total area of 1,070km2. They join existing tenure at the Ernest Giles project located approximately 250km north-east of Laverton in the goldfields of Western Australia and increase the footprint of the project from 880km2 to 1,950km2.
"The new licences represent an excellent opportunity to double the size of our footprint across the underexplored Ernest Giles greenstone belt,” said chief executive Shaun Day.
“Following a detailed internal review of exploration data, we have identified compelling structural targets in an area containing dense and magnetic units of Archean greenstone sequences, with potential for gold, nickel and base metals mineralisation.
"This aligns with our strategy to seek to discover Tier 1 deposits both through the ramp-up of exploration activities across our existing 100% owned licences and by identifying new opportunities that can bring value to Greatland,” he added.