Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it received a grant of up to A$220,000 (£120,000) to co-fund exploration drilling and mobilisation costs at its Ernest Giles gold project In Australia.
The grant was awarded by the Western Australian government under its Exploration Incentive Scheme (EIS).
"This drilling grant award for the Ernest Giles project will co-fund commencement of a new exploration programme,” said Shaun Day, managing director of Greatland.
“Ernest Giles is located in the Yilgarn craton, one of the most highly mineralised areas in the world and home to numerous gold deposits. With work advancing to finalise access, this grant then enables testing of priority targets at Ernest Giles, an underexplored and prospective part of the Greatland portfolio."