Greatland Gold PLC Commencement of Early Works at Havieron (4628M)
21 Gennaio 2021 - 11:17AM
UK Regulatory
TIDMGGP
RNS Number : 4628M
Greatland Gold PLC
21 January 2021
21 January 2021
Dissemination of a Regulatory Announcement that contains inside
information according to REGULATION (EU) No 596/2014 (MAR).
Greatland Gold plc
("Greatland" or "the Company")
Commencement of Early Works at Havieron
Further to the announcement of 13 January 2021, Greatland Gold
plc (AIM:GGP), the precious and base metals exploration and
development company, is pleased to announce that early works
activities have commenced at the Havieron Project in Western
Australia.
Gervaise Heddle, Chief Executive Officer of Greatland Gold plc,
commented: "The commencement of early works activities at Havieron
marks a major milestone for the project and for the Company. Earth
moving activities to prepare for the construction of the box cut
and decline have begun and we will continue to update shareholders
as work progresses. In addition, we look forward to advancing the
2021 growth drilling programme at Havieron, where mineralisation
remains open in multiple directions outside of the initial Inferred
Mineral Resource estimate. "
The Havieron Project is operated by Newcrest under a Joint
Venture Agreement with Greatland. The commencement of early works
by Newcrest, as Manager of the Joint Venture, follows receipt of
the necessary regulatory approvals to commence these construction
activities (as announced on 29 December 2020).
Work is ongoing to finalise the Water Management Plan for the
early works programme and to progress further approvals and permits
which will be required to commence development of any operating
underground mine and associated infrastructure at the Havieron
Project. In addition, the development of any underground mine at
the Havieron Project will also be subject to further studies, Board
approvals and a positive decision to mine.
Enquiries:
Greatland Gold PLC
Gervaise Heddle/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
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 has six
main projects; four situated in Western Australia and two in
Tasmania.
In March 2019, Greatland signed a Farm-in Agreement with
Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest
Mining Limited (ASX:NCM), to explore and develop Greatland's
Havieron gold-copper deposit in the Paterson region of Western
Australia. The Havieron Project is operated by Newcrest under a
Joint Venture Agreement with Greatland Gold plc. Newcrest can earn
up to a 70% joint venture interest through total expenditure of
US$65 million and the completion of a series of exploration and
development milestones in a four-stage farm-in over a six year
period that commenced in March 2019. Newcrest may acquire an
additional 5% interest at the end of the farm-in period at fair
market value.
The Joint Venture Agreement includes tolling principles
reflecting the intention of the parties that, subject to a
successful exploration program and feasibility study and a positive
decision to mine, the resulting joint venture mineralised material
will be processed at Telfer, located 45km west of Havieron.
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 also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
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