Greatland Gold Shares Up After Pact with Newmont on Ernest Giles Project
May 16 2017 - 3:11AM
Dow Jones News
By Razak Musah Baba
LONDON--Greatland Gold PLC (GGP.LN) shares rose in early trade
Tuesday after the company said it has agreed to allow Newmont
Exploration Pty Ltd., access to its Ernest Giles project in central
Western Australia for a period of six months.
The precious and base metals exploration and development company
said it has entered into an agreement with Newmont by granting
Newmont access to the Ernest Giles project tenements and
exploration database.
The company has also granted Newmont the right of first refusal
should Greatland wish to sell or joint venture the Ernest Giles
project during that six month period.
Greatland Gold shares at 0740 GMT traded up 0.05 pence or 16% at
0.37 pence, valuing the company at GBP6.6 million.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter:
@Raztweet
(END) Dow Jones Newswires
May 16, 2017 03:56 ET (07:56 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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