Greatland Gold PLC Commencement of underground decline at Havieron (3501Y)
May 12 2021 - 1:46AM
UK Regulatory
TIDMGGP
RNS Number : 3501Y
Greatland Gold PLC
12 May 2021
12 May 2021
Greatland Gold plc
( " Greatland " or "the Company " )
Commencement of underground decline access at Havieron
Greatland Gold plc (AIM:GGP), the precious and base metals
exploration and development company, is pleased to announce
commencement of the underground decline at the Havieron Gold-Copper
Project .
Shaun Day, Chief Executive Officer of Greatland Gold plc,
commented: "This is a momentous step in the development of Havieron
as a world-class gold-copper mine. I am delighted by progress on
site and this fast-tracked milestone is indicative of the potential
scale of the deposit and the opportunity seen by our partners
Newcrest.
By providing access to the top of the orebody, the decline sets
Havieron on course to become a large, multi-commodity, bulk
tonnage, underground mining operation. Alongside the ongoing growth
drilling, the next key milestone will see the completion of a
Pre-Feasibility Study and we are on track to deliver this in the
second half of 2021."
The commencement of the decline by Newcrest Mining Limited
("Newcrest"), as Manager of the Joint Venture, follows receipt of
the necessary regulatory approvals to commence construction
activities (as announced on 29 December 2020).
Enquiries:
Greatland Gold PLC
Shaun Day/Callum Baxter
Tel: +44 (0)20 3709 4900
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Andrew Emmott/James Keeshan
Tel: +44 (0)20 3368 3550
Berenberg (Joint Corporate Broker and Financial Adviser)
Matthew Armitt/Jennifer Wyllie/Detlir Elezi
Tel: +44 (0)20 3207 7800
Canaccord Genuity (Joint Corporate Broker and Financial
Adviser)
James Asensio/ Patrick Dolaghan
Tel: +44 (0)20 7523 8000
Hannam & Partners (Joint Corporate Broker and Financial
Adviser)
Andrew Chubb/Matt Hasson/Jay Ashfield
Tel: +44 (0)20 7907 8500
SI Capital Limited (Joint Broker)
Nick Emerson/Alan Gunn
Tel: +44 (0)14 8341 3500
Luther Pendragon (Media and Investor Relations)
Harry Chathli/Alexis Gore/Joe Quinlan
Tel: +44 (0)20 7618 9100
Notes for Editors:
Greatland Gold plc is a London Stock Exchange AIM-listed
(AIM:GGP) natural resource exploration and development company with
a current focus on precious and base metals.
The Company's flagship asset is the world class Havieron
gold-copper deposit in the Paterson region of Western Australia.
This asset is held in joint venture with Newcrest Mining Ltd.
Havieron is located approximately 45km east of Newcrest's Telfer
gold mine, processing plant and existing infrastructure.
Commencement of the decline to develop the Havieron orebody
commenced in May 2021. In addition, a substantial ongoing growth
drilling programme is presently underway at Havieron which is being
undertaken in conjunction with the preparation of a Pre-Feasibility
Study ("PFS"). The PFS is expected to be released in late calendar
2021.
The Joint Venture Agreement includes tolling principles
reflecting the intention of the parties that, subject to positive
decision to mine, the resulting joint venture mineralised material
will be processed at Telfer.
Greatland is seeking to identify large mineral deposits in areas
that have not been subject to extensive exploration previously. It
is widely recognised that the next generation of large deposits
will come from such under-explored areas and Greatland is applying
advanced exploration techniques to investigate a number of
carefully selected targets within its focused licence
portfolio.
The Company is actively investigating a range of new
opportunities in Australia for precious and strategic metals.
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END
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