TIDMGGP

RNS Number : 6069V

Greatland Gold PLC

14 December 2021

14 December 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Gold plc

("Greatland" or "the Company")

Result of AGM

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, announces that at the Annual General Meeting, held earlier today, all resolutions proposed at the meeting were approved.

Details of the voting results, which should be read alongside the Notice of AGM, are below:

 
 Resolution            Votes                      Votes               Votes         Total       Result 
                        for *                     against            withheld       votes 
                No. of      % of votes     No. of      % of votes 
                 votes        cast **       votes        cast ** 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     1        674,942,640     93.2%      49,339,446       6.8%      1,825,412    726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     2        347,213,740     50.9%      334,673,960     49.1%      44,219,798   726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     3        719,247,343     99.2%       6,027,159       0.8%       832,996     726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     4        723,806,505     99.9%       1,082,997       0.1%      1,217,996    726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     5        723,585,319     99.8%       1,675,706       0.2%       846,473     726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     6        720,048,486     99.9%        682,269        0.1%      5,376,743    726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     7        711,153,347     98.5%      10,919,592       1.5%      4,034,559    726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     8        705,015,527     98.4%      11,756,418       1.6%      9,335,553    726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
     9        707,590,547     98.6%       9,733,218       1.4%      8,783,733    726,107,498   Approved 
             ------------  -----------  ------------  -----------  -----------  ------------  --------- 
 
   *   Includes discretionary votes 

** Excludes withheld votes

The Company notes the outcome for Resolution 2 and recognises the differing interpretations of the benefits of Non-Executive Directors holding options and believes there are benefits for wider shareholder alignment vis-à-vis its potential to impact the perception of independence.

The growth of Greatland in recent years has been substantial and its success has been supported by the contribution of an experienced Board and executive management team. The Company's view is that a strong Board and executive team is essential for Greatland's continued success, particularly as it moves through development and into maiden production of its flagship asset.

Greatland would like to reiterate that the Board considers all the Non-Executive Directors to be independent in judgement and character. In demonstrating its commitment to continued strong corporate governance, in September 2021 the Board recognised the need to strengthen its independence by appointing Paul Hallam as a Non-Executive Director of the Company, which increased the ratio of Board independence from 50% to 75%. Furthermore, the Board recognises the value of good governance and complies with the guidelines contained in the QCA Corporate Governance Code and is undertaking a search for additional high quality Non-Executive Directors.

Enquiries:

 
 Greatland Gold PLC                                 +44 (0)20 3709 
  Shaun Day                                          4900 
                                                     info@greatlandgold.com 
                                                     www.greatlandgold.com 
 
 SPARK Advisory Partners Limited (Nominated 
  Adviser)                                          +44 (0)20 3368 
  Andrew Emmott/James Keeshan                        3550 
 
 Berenberg (Joint Corporate Broker and Financial 
  Adviser) 
  Matthew Armitt/ Varun Talwar/Alamgir Ahmed        +44 (0)20 3207 
  /Detlir Elezi                                      7800 
 
 Canaccord Genuity (Joint Corporate Broker 
  and Financial Adviser)                            +44 (0)20 7523 
  James Asensio/Patrick Dolaghan                     8000 
 
 Hannam & Partners (Joint Corporate Broker 
  and Financial Adviser)                            +44 (0)20 7907 
  Andrew Chubb/Matt Hasson/Jay Ashfield              8500 
 
 SI Capital Limited (Joint Broker)                  +44 (0)14 8341 
  Nick Emerson/Alan Gunn                             3500 
 
 Luther Pendragon (Media and Investor Relations)    +44 (0)20 7618 
  Harry Chathli/Alexis Gore                          9100 
 

Notes for Editors:

Greatland Gold plc (AIM:GGP) is a mining development and exploration company with a 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, discovered by Greatland and presently under development in Joint Venture with Newcrest Mining Ltd.

Havieron is located approximately 45km east of Newcrest's Telfer gold mine and, subject to positive decision to mine, will leverage the existing infrastructure and processing plant to significantly reduce the project's capital expenditure and carbon impact for a low-cost pathway to development. An extensive growth drilling programme is presently underway at Havieron with a maiden Pre-Feasibility Study released on the South-East crescent on 12 October 2021. Construction of the box cut and decline to develop the Havieron deposit commenced in February 2021.

Greatland has a proven track record of discovery and exploration success. It is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. The Company is focused on safe, low-risk jurisdictions and is strategically positioned in the highly prospective Paterson region. Greatland has a total six projects across Australia with a focus on becoming a multi-commodity mining company of significant scale.

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END

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December 14, 2021 06:16 ET (11:16 GMT)

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