TIDMGGP
RNS Number : 0638J
Greatland Gold PLC
11 August 2023
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 11 August 2023
Havieron Project Update
New Havieron 3D model published
Havieron MRE update scheduled for the December 2023 quarter
Greatland Gold plc (AIM:GGP) (Greatland or the Company), a
leading precious and base metals focused mining development and
exploration company, is pleased to provide an update on the
Havieron gold-copper project in the Paterson Province of Western
Australia.
Development update
The main decline continues to progress, having surpassed 1,840
metres. Decline support excavations for ventilation, services and
materials handling takes the total development to over 2,600
metres. The decline has continued to progress through improved
ground conditions since successfully developing through the middle
aquifer late last month.
Mineral Resource estimate update
Greatland notes the release of an ASX announcement titled
"Annual Mineral Resources and Ore Reserves Statement - as at 30
June 2023" by Newcrest Mining Ltd (Newcrest) earlier today, which
provided an annual statement of Newcrest's Resources and
Reserves.
Greatland notes that this statement, so far as it relates to
Havieron, only restates the previously released statement contained
within the Havieron Mineral Resource estimate (MRE) from Newcrest's
ASX announcement titled "Annual Mineral Resources and Ore Reserves
Statement - as at 30 June 2022" dated 19 August 2022.
Over 80,000 metres of growth drilling has been completed at
Havieron since Greatland announced the Havieron March 2022 MRE
(refer to RNS announcement titled "Updated Mineral Resource
substantially increases Havieron Resource and Reserve" dated 3
March 2022 for further information).
Drilling since Greatland's announcement of the Havieron March
2022 MRE has focused on:
-- Defining the extents of mineralisation in the lower levels of
the SE Crescent (3,600 - 4,200mRL);
-- Resource definition within the lower levels of the
mineralised system, with a focus on the Eastern Breccia; and
-- Extending the mineral system below the existing Resource.
The work programmes required to incorporate these drill results
into an updated Havieron MRE are in progress, and Greatland expects
an updated Havieron MRE to be completed in the December 2023
quarter.
Havieron 3D model
Greatland is pleased to announce the release of an updated
3-dimensional (3D) interactive model of the Havieron project, which
is available to view on the Company's website or by clicking this
link. The 3D model has been updated to include all Havieron drill
intercepts released to date. The 3D model is for illustrative
purposes only and uses previously reported JORC Mineral Resource
and Reserve estimates by Greatland. Any future production at
Havieron is subject to a positive Feasibility Study and Decision to
Mine.
Greatland Managing Director, Shaun Day, commented: "The
underground development at Havieron is making good progress as we
continue to advance to the top of the orebody.
We are working towards the publication of an updated MRE, which
will incorporate data from a further 80,000 metres of growth
drilling at Havieron since our March 2022 MRE update. We are
targeting completion and announcement of an updated MRE during the
December 2023 quarter and look forward to updating the market in
due course."
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | info@greatlandgold.com
Nominated Advisor
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368
3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / Patrick Dolaghan | +44 207
523 8000
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341
3500
Media Relations
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry
Gamble | +44 204 582 3500
Australia - Fivemark Partners | Michael Vaughan | +61 422 602
720
About Greatland
Greatland is a mining development and exploration company
focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron
gold-copper project in the Paterson Province of Western Australia,
discovered by Greatland and presently under development in joint
venture with ASX gold major, Newcrest Mining Limited (which is the
subject of a takeover by Newmont Corporation by way of a scheme of
arrangement).
Havieron is located approximately 45km east of Newcrest's
existing Telfer gold mine. The box cut and decline to the Havieron
orebody commenced in February 2021. Significant progress continues
on the exploration decline with total development at over 2,600
metres in early August 2023. Subject to a positive Feasibility
Study and Decision to Mine, Havieron may leverage the existing
Telfer infrastructure and processing plant.
Greatland has a proven track record of discovery and exploration
success and is pursuing the next generation of tier-one mineral
deposits by applying advanced exploration techniques in
under-explored regions. Greatland has a number of exploration
projects across Western Australia and in parallel to the
development of Havieron is focused on becoming a multi-commodity
miner of significant scale.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCNKDBDABKKBFD
(END) Dow Jones Newswires
August 11, 2023 02:15 ET (06:15 GMT)
Greatland Gold (LSE:GGP)
Historical Stock Chart
From Oct 2024 to Nov 2024
Greatland Gold (LSE:GGP)
Historical Stock Chart
From Nov 2023 to Nov 2024
