Greatland Gold PLC Commencement of new CEO (2360O)
08 Febbraio 2021 - 08:00AM
UK Regulatory
TIDMGGP
RNS Number : 2360O
Greatland Gold PLC
08 February 2021
8 February 2021
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Greatland Gold plc
("Greatland" or "the Company")
Commencement of new CEO
Greatland Gold plc (AIM:GGP), the precious and base metals
exploration and development company, is pleased to announce that
its new Chief Executive Officer, Shaun Day, has today commenced his
role at the Company.
As announced on 15 December 2020, Shaun Day succeeds Gervaise
Heddle, who will remain on the Board and part of the Executive team
until 12 March 2021 to ensure a smooth transition. Shaun Day is a
seasoned industry executive with over 20 years of experience in
leadership positions across established mining and infrastructure,
investment banking and international accounting firms. He has
extensive experience in capital markets with a track record of
leading successful transactions including M&A of publicly
listed companies, farm-in agreements and raising capital.
Shaun Day, Chief Executive Officer of Greatland Gold plc, said:
"I join Greatland at a very exciting time for the business and with
a strong platform in place to drive further growth. Greatland will
continue to progress its core strategy - advancing Havieron while
pursuing value from our other exploration targets with tier-one
potential. Beyond this, I intend to apply my experience from
growing major mining companies to oversee the development of
Havieron and to scale-up the wider business.
"2021 is set to be an exciting year for Greatland as we embark
on multiple exploration campaigns in the Paterson province.
Havieron continues to evolve and we are confident that it will
further expand in scale as Newcrest undertakes its extensive growth
drilling programme over the next six months, with a view towards
potential commencement of mining operations within three years. In
addition, we are preparing the imminent launch of the 2021
exploration programme for the Juri Joint Venture, which will test
multiple high priority targets, as we finalise plans to conduct
further exploration across our 100% owned targets in the highly
prospective Paterson region.
"There is significant opportunity ahead of us and I am looking
forward to creating further value for shareholders."
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
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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