TIDMGGP

RNS Number : 6878G

Greatland Gold PLC

25 July 2019

25 July 2019

Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).

Greatland Gold plc

("Greatland" or "the Company")

First Results from Newcrest's Drilling Campaign at Havieron

Excellent first drill results from Newcrest's campaign at Greatland's Havieron project confirm the presence of higher grade gold-copper mineralisation

HAD006 extension: 52m @ 7.0 g/t Au and 0.17% Cu from 1122m

Including, 17m @ 21 g/t Au and 0.39% Cu from 1153m

HAD011: 39m @ 1.1 g/t Au and 0.82% Cu from 754m

and, 14m @ 2.9 g/t Au and 1.1% Cu from 779m

Mineralisation now observed over 700m of vertical extent and remains open

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce the first results from Newcrest's drilling campaign at Greatland's 100% owned Havieron licence in the Paterson region of Western Australia. In addition, Greatland is pleased to announce that a third rig has commenced operation at Havieron and a fourth rig is expected to arrive at site in August.

Greatland notes the release of the June Quarterly Exploration Report by Newcrest Mining Ltd ("Newcrest") today, in which Newcrest states: "First drill results from the Havieron Project in Paterson province Western Australia have confirmed the presence of higher grade copper-gold mineralisation, with best results including 17 m @ 21 g/t Au and 0.39% Cu from 1153 m (HAD006 extension)."

Highlights of Results from Newcrest's Drilling Campaign at Havieron:

-- Results confirm high-grade gold-copper mineralisation, broaden mineralised extents defined by prior drilling and extend the depth of observed mineralisation at Havieron.

-- Two rigs were operational with one existing drill hole extended (HAD006) and two new holes completed (HAD010 and HAD011) for a total of 2800m of drilling.

-- HAD006: Newcrest extended Greatland's hole HAD006 from 838m to 1216m, the deepest on the project to date, and successfully identified high-grade mineralisation at depth, with mineralisation now observed over 700m in vertical extent, assay results include:

o 12m @ 3.1 g/t Au and 0.08% Cu from 1071m

o 52m @ 7.0 g/t Au and 0.17% Cu from 1122m, including

-- 17m @ 21 g/t Au and 0.39% Cu from 1153m

-- HAD011: Hole HAD011 extended the known mineralised breccia and confirmed that copper grades are increasing with depth, with local values up to 2.3% Cu, assays results include:

o 39m @ 1.1 g/t Au and 0.82% Cu from 754m, and

-- 14m @ 2.9 g/t Au and 1.1% Cu from 779m

o 48m @ 0.59 g/t Au and 0.90% Cu from 838m

-- HAD010: Hole HAD010 traversed over the top of the mineralised zone in the cover sequence and did not intersect significant mineralisation.

Next steps for Havieron:

-- Newcrest to expand its exploration campaign from two drill rigs to four - third drill rig has commenced operation and a fourth is scheduled to arrive at site in August.

   --    Drill programme designed to: 

o Further define the extent of the upper gold zone;

o Test the depth extents of the mineralisation and associated magnetic anomaly; and

o Search for additional zones of mineralised breccia within the footprint of the coincident magnetic anomaly.

Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: "We are delighted by these excellent early results from Newcrest's drilling campaign and by Newcrest's acceleration of the exploration programme at Havieron as demonstrated by the commencement of a third rig at site and the imminent addition of a fourth.

"We are particularly pleased to see that the hole HAD006 extension, the deepest hole to date at Havieron, identified high-grade mineralisation at depth, which further supports our view that Havieron has the potential to become a large, underground mining operation in one of the most mining-friendly jurisdictions in the world.

"These results also reinforce our view regarding the prospectivity of the Paterson region and, more specifically, the potential for other magnetic anomalies in the region, such as the multiple targets recently identified at our Paterson Range East licence, to host tier-one gold-copper deposits.

"We look forward to providing further updates on Newcrest's drilling campaign at Havieron and Greatland's ongoing exploration activities across the Paterson."

Background to Havieron and Farm-in Agreement with Newcrest

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 project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.

Greatland's Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the Black Hills licence.

Limited historical drilling was conducted by Newcrest Mining Limited at Havieron during the 1990s and early 2000s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper were intersected by Newcrest and gold grades within these peaked at 15.4g/t and copper to 2.5%.

Greatland's drilling campaigns at Havieron have yielded excellent results to date, including*:

   --    HAD001:       121m @ 2.9g/t Au and 0.23% Cu from 497m. 
   --    HAD003:       21m @ 3.8g/t Au and 0.44% Cu from 418m. 
   --    HAD005:       103m @ 3.5g/t Au and 0.93% Cu from 459m and; 

128m@ 7.4g/t Au and 0.54% Cu from 660m.

   --    HAD006:       54m @ 2.7g/t Au and 0.79% Cu from 471m and; 

179.1m @ 1.4g/t Au and 0.47% Cu from 547.9m.

   --    HAD008:       67m @ 2.0g/t Au and 0.91% Cu from 426m. 

*The above results have been recalculated by Newcrest using company specific "data aggregation methods". Length-weighted averages exceeding 1.0 g/t Au or 0.5% Cu for greater than or equal to 10m, with less than 1 m of consecutive internal dilution; and length-weighted averages exceeding 0.2 g/t Au for greater than or equal to 20m, with less than 10m of consecutive internal dilution. No top cuts are applied to intercept calculations.

Data aggregation methods adopted by Newcrest are industry standard practice for assessing mineralisation widths and their relationship to underground mining techniques.

A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson/

The full Newcrest Quarterly Exploration Report can be viewed on Newcrest's website at: www.newcrest.com.au/investors/reports/quarterly/

Newcrest Drilling at Havieron

First drill results from the Havieron Project in Paterson province Western Australia have confirmed the presence of higher grade copper-gold mineralisation, with best results including 17m @ 21 g/t Au and 0.39% Cu from 1153m (HAD006 extension).

The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland. It is centred on a deep magnetic anomaly located 45km east of Telfer. The target is overlain by more than 400m of post mineralised cover. Newcrest commenced drilling during the June 2019 quarter. Two rigs were operational with one existing drill hole, HAD006 extended and two new holes, HAD010 and HAD011, completed for a total of 2800m of drilling. A third rig has since commenced operation at site.

Newcrest extended Greatland's hole HAD006 from 838m to 1,216m. Hole HAD006, the deepest on the project to date, has successfully identified high grade mineralisation at depth, with mineralisation now observed over 700m in vertical extent, and remaining open at depth, to the north and south. Assay results returned include:

   --    HAD006 (extension):       23m @ 1.0 g/t Au and 0.19% Cu from 872m 

12m @ 3.1 g/t Au and 0.08% Cu from 1071m

52m @ 7.0 g/t Au and 0.17% Cu from 1122m

incl 17m @ 21 g/t Au and 0.39% Cu from 1153m

Hole HAD010 was drilled to the southeast of the main complex and did not intersect any significant mineralisation. Drilling has traversed over the top of the mineralised zone in the cover sequence.

In Newcrest hole HAD011, sulfide-bearing breccia was observed over 100m laterally at -500mRL on either side of the central post mineral dolerite dyke. Assays results from the zones included:

   --    HAD011:          39m @ 1.1g/t Au and 0.82% Cu from 754m 

48m @ 0.59g/t Au and 0.90% Cu from 838m

Hole HAD011 extended the known mineralised breccia and confirmed that copper grades are increasing with depth, with local values up to 2.3% Cu. Higher-grade gold mineralisation was observed in these zones, with the highest value being 1m at 13g/t Au.

Additional drill hole information is presented in Appendix I and tabulated drill hole intercepts are presented in Appendix II. Drill hole collar locations and a cross section can be found on the Company's website at: www.greatlandgold.com/paterson/

Following are the drill results previously completed by Greatland which have now been aligned with Newcrest exploration reporting standards:

   --    HAD001:          121m @ 2.9g/t Au and 0.23% Cu from 497m 
   --    HAD003:          21m @ 3.8g/t Au and 0.44% Cu from 418m 
   --    HAD005:          103m @ 3.5g/t Au and 0.93% Cu from 459m 

128m @ 7.4g/t Au and 0.54% Cu from 660m

   --    HAD006:          54m @ 2.7g/t Au and 0.79% Cu from 471m 

179.1m @ 1.4 g/t Au and 0.47% Cu from 547.9m

   --    HAD008:          67m @ 2.0g/t Au and 0.91% Cu from 426m 

Future drilling programs will continue to assess the distribution and controls of higher grade gold and copper mineralisation intersected to date.

Competent Person:

Information in this announcement that relates to Havieron exploration results has been extracted from the following announcement:

"Newcrest Quarterly Exploration Report - June 2019", dated 25 July 2019

Information in this announcement, which has been taken from Newcrest Mining Limited's Quarterly Exploration Report dated 25 July 2019, has been reviewed and approved by Mr Mick Sawyer, a member of the Australian Institute of Geoscientists and a Registered Professional Geoscientist (R.P.Geo #10194), who has more than 15 years relevant industry experience. Mr Sawyer consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement. The company confirms that the form and context in which the information has been presented has not been materially modified. Mr Mick Sawyer, full time employee of Greatland Pty Ltd and Exploration Manager, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.

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

SI Capital Limited (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-listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.

The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.

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 project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.

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.

APPIX I

Havieron Project (Greatland Gold plc farm-in agreement): JORC Table 1

Section 1 Sampling Techniques and Data

 
 Criteria              Commentary 
 Sampling techniques   Diamond core samples are obtained from diamond drilling 
                        in Proterozoic basement lithologies. PQ-HQ and NQ diameter 
                        diamond core was drilled on a 6m run. Diamond core 
                        was cut using an automated core-cutter and half core 
                        sampled at 1 m intervals with breaks for major geological 
                        changes. Sampling intervals range from 0.2 - 1.0 m. 
                        Cover sequences were not sampled owing to the drilling 
                        method deployed (mud rotary drilling). 
====================  ==================================================================== 
 Drilling techniques   Permian Paterson Formation cover sequence was drilled 
                        using mud rotary drilling technique. Depths of cover 
                        typically observed to approximately 420 m vertically 
                        below surface. Steel casing was emplaced to secure 
                        the pre-collar. 
                        Diamond drilling was advanced from the base of the 
                        cover sequence with PQ3, HQ3 and NQ2 diameter coring 
                        configuration. 
                        Diamond core from inclined drill holes are oriented 
                        on 6 m runs using an electronic core orientation tool 
                        (Reflex ACTIII). At the end of each run, the bottom 
                        of hole position is marked by the driller, which is 
                        later transferred to the whole drill core run length 
                        with a bottom of hole reference line. 
--------------------  -------------------------------------------------------------------- 
 Drill sample          Diamond core recovery is systematically recorded from 
  recovery              the commencement of diamond coring to end of hole, 
                        by reconciling against driller's depth blocks in each 
                        core tray with data recorded in the database. Drillers 
                        depth blocks provided the depth, interval of core recovered, 
                        and interval of core drilled. 
                        Diamond core recoveries were typically 100%, with isolated 
                        zones of lower recovery. 
                        Cover sequence drilling by the mud-rotary drilling 
                        did not yield recoverable samples. 
====================  ==================================================================== 
 Logging               Geological logging recorded qualitative descriptions 
                        of lithology, alteration, mineralisation, veining, 
                        and structure (for all diamond core drilled), including 
                        orientation of key geological features. 
                        Geotechnical measurements were recorded including Rock 
                        Quality Designation (RQD) fracture frequency, solid 
                        core recovery and qualitative rock strength measurements. 
                        Magnetic susceptibility measurements were recorded 
                        every metre. The bulk density of selected drill core 
                        intervals was determined at site on whole core samples. 
                        All geological and geotechnical logging was conducted 
                        at Havieron site. 
                        Digital data logging was captured on diamond drill 
                        core intervals only, and all data validated and stored 
                        in an AcQuire database. 
                        All drill cores were photographed, prior to cutting 
                        and/or sampling the core. 
--------------------  -------------------------------------------------------------------- 
 Sub-sampling          Sampling, sample preparation and quality control protocols 
  techniques            are considered appropriate for the material being sampled. 
  and sample            Diamond core was cut and sampled at the Telfer core 
  preparation           processing facility. Half core samples were collected 
                        in pre-numbered calico bags and grouped in plastic 
                        bags for despatch to the laboratory. Sample weights 
                        typically varied from 0.5 to 4 kg. Sample sizes are 
                        considered appropriate for the style of mineralisation. 
                        Drill core samples were freighted by air and road to 
                        the laboratory. 
                        Sample preparation was conducted at Intertek Laboratory, 
                        Perth. Samples were dried at 105(o) C, and crushed 
                        to 95% passing 4.75 mm, and the split to obtain up 
                        to 3 kg sub-sample, which was pulverised (using LM5) 
                        to produce a pulped product with the minimum standard 
                        of 95% passing 106 <MU>m. 
                        Duplicate samples were collected from crush and pulp 
                        samples at a rate of 1:20. Duplicate results show an 
                        acceptable level of variability for the material sampled 
                        and style of mineralisation. 
                        Periodic size checks (1:20) for crush and pulp samples 
                        and sample weights are provided by the laboratory and 
                        recorded in the Acquire database. 
====================  ==================================================================== 
 Quality of            Assaying of diamond drill core samples was conducted 
  assay data            at Intertek, Perth. All samples were assayed for 48 
  and laboratory        elements using a 4-acid digestion followed by ICP-AES/ICP-MS 
  tests                 determination (method 4A/MS907). Gold analyses were 
                        determined by 50 g fire assay with AAS finish (method 
                        FA50N/AA). 
                        Sampling and assaying quality control procedures consisted 
                        of inclusion of certified reference material (CRMs), 
                        coarse residue and pulp duplicates with each batch 
                        (at least 1:20). 
                        Assays of quality control samples were compared with 
                        reference samples in AcQuire database and verified 
                        as acceptable prior to use of data from analysed batches. 
                        Laboratory quality control data, including laboratory 
                        standards, blanks, duplicates, repeats and grind size 
                        results are captured in Acquire database and assessed 
                        for accuracy and precision for recent data. 
                        Due to the limited extent of the drilling program to 
                        date, extended quality control programs are yet to 
                        be undertaken, whereby pulped samples will be submitted 
                        to an umpire laboratory and combined with more extensive 
                        re-submission programs. 
                        Analysis of the available QC sample assay results indicates 
                        that an acceptable level of accuracy and precision 
                        has been achieved and the database contains no analytical 
                        data that has been numerically manipulated. 
                        The assaying techniques and quality control protocols 
                        used are considered appropriate for the data to be 
                        used for reporting exploration drilling results. 
--------------------  -------------------------------------------------------------------- 
 Verification          Sampling intervals defined by the Geologist are electronically 
  of sampling           assigned sample identification numbers prior to core 
  and assaying          cutting. Corresponding sample numbers matching pre-labelled 
                        calico bags are assigned to each interval. 
                        All sampling and assay information were stored in a 
                        secure Acquire database with restricted access. 
                        Electronically generated sample submission forms providing 
                        the sample identification number accompany each submission 
                        to the laboratory. Assay results from the laboratory 
                        with corresponding sample identification are loaded 
                        directly into the Acquire database. 
                        Assessment of reported significant assay intervals 
                        was verified by re-logging of diamond drill core intervals 
                        and assessment of high-resolution core photography. 
                        The verification of significant intersections has been 
                        completed by company personnel and the Competent Person. 
                        No adjustments are made to assay data, and no twinned 
                        holes have been completed. 
====================  ==================================================================== 
 Location of           Drill collar locations were surveyed using a differential 
  data points           GPS with GNSS with a stated accuracy of +/- 0.5m. 
                        Drill rig alignment was attained using an electronic 
                        azimuth aligner. Downhole survey was collected at 6-12 
                        m intervals in the cover sequence, and every 6 m in 
                        diamond drill core segments of the drill hole. At the 
                        end of hole, all holes have been surveyed using a continuous 
                        gyro survey to surface (Axis Mining Champ Gyro). 
                        Topographic control is established from SRTM (1 second) 
                        topographic data and derived digital elevation model. 
                        The topography is generally low relief to flat, with 
                        an average elevation of 265 m, within dune corridors. 
                        All collar coordinates are provided in the Geocentric 
                        Datum of Australian (GDA94 Zone 51S). 
--------------------  -------------------------------------------------------------------- 
 Data spacing          The drill hole spacing ranges from 50 - 500 m in lateral 
  and distribution      extent within an area of 1.5 square kilometres. 
                        The current drill hole spacing does not provide sufficient 
                        information for the estimation of a Mineral Resource. 
                        Significant assay intercepts remain open. Further drilling 
                        is required to determine the extent of currently defined 
                        mineralisation. 
                        Reported assay results from 2 drill holes pertain only 
                        to drill holes completed or in progress as part of 
                        Newcrest's drilling programs since May 2019. Further 
                        assay results are yet to be reported for completed 
                        drill holes. 
                        No sample compositing is applied to samples. 
====================  ==================================================================== 
 Orientation           Drilling of reported holes HAD010, HAD011 is oriented 
  of data in            perpendicular to a central dolerite now observed in 
  relation to           several of the historic drill holes, and Newcrest drill 
  geological            hole HAD011. The dolerite dyke has a north-south orientation, 
  structure             with drilling established on an east-west orientation. 
                        Drill hole HAD006 is an extension of a prior Greatland 
                        Gold drill hole from 838 m to 1216.3 m and is a vertical 
                        hole, which drills sub-parallel to a central dolerite 
                        dyke, breccia body and mineralised intrusive. 
                        Drill holes intersect moderately dipping carbonate 
                        and siliclastic sedimentary facies, mineralised breccia 
                        and sub-vertical intrusive lithologies, and aim to 
                        explore the extents of the Havieron mineral system. 
                        There is presently insufficient information to confirm 
                        the geological model or true thickness of mineralised 
                        intervals. 
--------------------  -------------------------------------------------------------------- 
 Sample security       The security of samples is controlled by tracking samples 
                        from drill rig to database. 
                        Drill core was delivered from the drill rig to the 
                        Havieron core yard every shift. On completion of geological 
                        and geotechnical logging, core was transported by vehicle 
                        to Telfer core processing facility by Newcrest personnel. 
                        High resolution core photography and cutting of drill 
                        core was undertaken at the Telfer core processing facility. 
                        Samples were freighted in sealed bags by air and road 
                        to the Laboratory, and in the custody of Newcrest representatives. 
                        Sample numbers are generated directly from the database. 
                        All samples are collected in pre-numbered calico bags. 
                        Verification of sample numbers and identification is 
                        conducted by the laboratory on receipt of samples, 
                        and sample receipt advise issued to Newcrest. 
                        Details of all sample movement are recorded in a database 
                        table. Dates, Hole ID sample ranges, and the analytical 
                        suite requested are recorded with the dispatch of samples 
                        to analytical services. Any discrepancies logged at 
                        the receipt of samples into the analytical services 
                        are validated. 
====================  ==================================================================== 
 Audits or             Due to the limited duration of the program, no external 
  reviews               audits or reviews have been undertaken. 
                        Internal verification and audit of Newcrest exploration 
                        procedures and databases are periodically undertaken. 
--------------------  -------------------------------------------------------------------- 
 

Section 2 Reporting of Exploration Results

 
 Criteria                  Commentary 
 Mineral tenement          The Havieron Project is entirely contained within 12 
  and land tenure           sub-blocks of E45/4701, which is 100% owned by Greatland 
  status                    Pty Ltd. Newcrest has entered into an Exploration Farm-In 
                            agreement with Greatland Pty Ltd and Greatland Gold 
                            Plc effective 12 March, 2019, with Newcrest as Manager 
                            of the Havieron Project. 
                            There is a current ILUA (Indigenous Land Use Agreement) 
                            signed in December 2015 which extends to the Havieron 
                            Project. 
                            All obligations with respect to legislative requirements 
                            including minimum expenditure are maintained in good 
                            standing. 
------------------------  --------------------------------------------------------------------------------------- 
 Exploration               Newcrest Mining Limited completed six diamond core 
  done by other             holes in the vicinity of the Havieron Project from 
  parties                   1991 to 2003. Greatland Gold completed drill targeting 
                            and drilling of 9 Reverse Circulation (RC) drill holes 
                            with diamond tails for a total of approximately 6,800 
                            m in 2018. Results of drilling programs conducted by 
                            Greatland Gold have previously been reported on the 
                            Greatland Gold web site. 
                            Drilling has defined an intrusion-related mineral system 
                            with evidence of breccia- and massive sulphide-hosted 
                            higher-grade gold-copper mineralisation. 
------------------------  --------------------------------------------------------------------------------------- 
 Geology                   The Havieron Project is located within the north-western 
                            exposure of the Palaeo-proterozoic to Neoproterozoic 
                            Paterson Orogen (formerly Paterson Province), 45 km 
                            east of Telfer. The Yeneena Supergroup hosts the Havieron 
                            prospect and consists of a 9 km thick sequence of marine 
                            sedimentary rocks, and is entirely overlain by approximately 
                            420 m of Phanerozoic sediments of the Paterson Formation 
                            and Quaternary aeolian sediments. 
                            Gold and copper mineralisation at Havieron consist 
                            of breccia, vein and massive sulphide replacement gold 
                            and copper mineralisation typical of intrusion-related 
                            and skarn styles of mineralisation. Mineralisation 
                            at the prospect is hosted by metasedimentary rocks 
                            (meta-sandstones, meta-siltstones and meta-carbonate) 
                            and intrusive rocks of an undetermined age. The main 
                            mineral assemblage contains well developed pyrrhotite-chalcopyrite 
                            and pyrite sulphide mineral assemblages as breccia 
                            and vein infill, and massive sulphide lenses. The main 
                            mineralisation event is associated with amphibole-carbonate-biotite-sericite-chlorite 
                            wall rock alteration. 
------------------------  --------------------------------------------------------------------------------------- 
 Drill hole                As provided. 
  Information 
------------------------  --------------------------------------------------------------------------------------- 
 Data aggregation          Significant assay intercepts are reported as (A) length-weighted 
  methods                   averages exceeding 1.0 g/t Au or 0.5% Cu for greater 
                            than or equal to 10 m, with less than 10 m of consecutive 
                            internal dilution; and (B) length-weighted averages 
                            exceeding 0.2 g/t Au for greater than or equal to 20 
                            m, with less than 10 m of consecutive internal dilution. 
                            No top cuts are applied to intercept calculations. 
------------------------  --------------------------------------------------------------------------------------- 
 Relationship              Significant assay intervals reported represent apparent 
  between mineralisation    widths. Insufficient geological information is available 
  widths and                to confirm the geological model. 
  intercept lengths 
------------------------  --------------------------------------------------------------------------------------- 
 Diagrams                  As provided. 
------------------------  --------------------------------------------------------------------------------------- 
 Balanced reporting        This is the first release of Exploration Results for 
                            this project made by Newcrest. Earlier reporting of 
                            exploration programs conducted by Greatland Gold have 
                            previously been reported. Exploration drilling programs 
                            are ongoing and further material results will be reported 
                            in subsequent Newcrest releases. 
------------------------  --------------------------------------------------------------------------------------- 
 Other substantive         Nil. 
  exploration 
  data 
------------------------  --------------------------------------------------------------------------------------- 
 Further work              Further work is planned to evaluate exploration opportunities 
                            that extend the known mineralisation. Initial drilling 
                            conducted by Newcrest has confirmed higher grade mineralisation, 
                            broadened mineralised extents defined by prior drilling 
                            and extended the depth of observed mineralisation of 
                            the Havieron prospect. The results of drilling to date 
                            indicate the limits of mineralisation have not been 
                            closed off. Drilling programs at Havieron are ongoing, 
                            with additional drill rig(s) scheduled to commence 
                            in the Q1 FY20. 
------------------------  --------------------------------------------------------------------------------------- 
 

APPIX II

Drillhole Data

Havieron Prospect, Paterson, Western Australia

Reporting Criteria: Intercepts reported are Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 20m. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) or Cu >5000ppm (0.5%), and minimum 10m downhole width with maximum consecutive internal dilution of 10m. Au grades are reported to two significant figures. Samples are from diamond core drilling which is PQ, HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core PQ, HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) rounded to 1 decimal place for reporting purposes.

 
 
  Hole ID     Hole    Easting   Northing   RL    Total    Azimuth    Dip    From     To     Interval    Au      Cu     Cut Off 
              Type      (m)       (m)      (m)   Depth                       (m)     (m)      (m)      (ppm)   (pct) 
                                                  (m) 
----------  -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
 Havieron 
 Greatland Gold exploration programs 2018 - Results re-calculated by Newcrest 
------------------------------------------------------------------------------------------------------------------------------ 
                                                                                                                       0.2g/t 
 HAD001      RC-DD    464098    7597650    258   622.9      360      -90     497     618      121       2.9    0.23      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    Incl     497    536.5     39.5      1.4    0.33      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl    568.5    618      49.5      6.0    0.28      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                    incl    568.5   579.5      11       19     0.69    0.5% Cu 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD002      RC-DD    463927    7597744    257   601.1      360      -90     437     461       24       0.4    0.03      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     567    601.1     34.1     0.21    0.02      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD003      RC-DD    464024    7597694    258   590.3      360      -90     418     439       21       3.8    0.44      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    Incl    419.5    439      19.5      4.0    0.47      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     518     546       28       0.2    0.12      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD004      RC-DD    464097    7597749    257    625       360      -90     432     450       18      0.31    0.03      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     479    521.5     42.5     0.21    0.01      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     592     625       33      0.28    0.04      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD005      RC-DD    463898    7597649    259   821.2      90       -70     459     562      103       3.5    0.93      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl    462.5    531      68.5      5.1     1.2      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     660     788      128       7.4    0.54      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl     663     744       81       11     0.56      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD006      RC-DD    464094    7597602    259   838.1      360      -90     471     525       54       2.7    0.79      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl    471.5    497      25.5      4.1     1.4      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl     510     525       15       2.5    0.30      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and    547.9    727     179.1      1.4    0.47      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl    547.9   560.8     12.9      1.7    0.48      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl     577    604.5     27.5      1.9     1.4      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl     617    654.5     37.5      3.8    0.44      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                     and    671.5   688.5      17      0.69    0.61    0.5% Cu 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     741     765       24      0.66    0.28      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and    810.5    833      22.5     0.23    0.20      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD007      RC-DD    464348    7597648    258   754.5      270      -70     468     506       38      0.53    0.22      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     518     551       33      0.87    0.07      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     602    666.5     64.5     0.34    0.16      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl     604    614.5     10.5      1.0    0.28      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     721    754.5     33.5     0.41    0.14      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD008      RC-DD    464148    7597602    259   772.4      360      -90     426     493       67       2.0    0.91      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl    426.5    468      41.5      1.2     1.2      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
 HAD009      RC-DD    464456    7597548    259   932.1      270     -74.7    755     805       50      0.23    0.21      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     844     902       58      0.33    0.42      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                    incl     913    923.5     10.5     0.58    0.65    0.5% Cu 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
 Newcrest exploration program - from May to June 2019 
------------------------------------------------------------------------------------------------------------------------------ 
 HAD006*     RC-DD    464094    7597602    259   838.1      360      -90     792     893      101      0.33    0.57    0.5% Cu 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     844     941       97      0.48    0.26      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl     872     895       23       1.0    0.19      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                     and    1071    1083       12       3.1    0.08      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and    1122    1174       52       7.0    0.17      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                    incl    1153    1170       17       21     0.39      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
 HAD010      MR-DD    463940    7597603    260    733       90       -65                  No significant result 
            -------  --------  ---------  ----  -------  --------  ------  --------------------------------------------------- 
                                                                                                                       0.2g/t 
 HAD011**    MR-DD    464450    7597598    259   1275.6     270      -61     682     735       53      0.20    0.25      Au 
            -------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                     and     712     724       12      0.25    0.95    0.5% Cu 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                     and     754     793       39       1.1    0.82    0.5% Cu 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                        1 g/t 
                                                                     and     779     793       14       2.9     1.1      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                                                       0.2g/t 
                                                                     and     838     886       48      0.59    0.90      Au 
 ------------------  --------  ---------  ----  -------  --------  ------  ------  ------  ---------  ------  ------  -------- 
                                                                                       Awaiting assays from 903.8 m 
 ------------------  --------  ---------  ----  -------  --------  ------  --------------------------------------------------- 
 

* Greatland Gold to 838.2m interval open at depth; Newcrest extended drilling from 838.2m to 1216.3m.

**Assay results pending.

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END

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July 25, 2019 02:02 ET (06:02 GMT)

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