TIDMGGP

RNS Number : 4237T

Greatland Gold PLC

14 November 2019

14 November 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")

Black Hills - Positive Final Drill Results & New Geophysical Targets

Drill results confirm the presence of high-grade gold mineralisation at the Black Hills' Saddle Reefs prospect, including 1m @ 10.96g/t gold from 35m (SRRC011)

Ground gravity surveys identify three new geophysical targets at Black Hills

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce positive final drill results with several intervals greater than 5g/t gold at its 100% owned Black Hills project in the Paterson region of Western Australia. The Company is also pleased to report it has identified three new geophysical targets following the completion of ground gravity surveys over the Black Hills licence and adjacent Havieron licence.

A Reverse Circulation ("RC") programme has been completed at Black Hills with a total of twenty RC holes for 5,846m, drilled to depths ranging from 154m to 500m. All holes were sampled from surface to end of hole as four metre composites with single metre samples analysed in areas of gold anomalism. Final analytical results have been received for all samples and are reported in this announcement.

Highlights of Drill Results

-- Results received confirm the presence of high-grade gold mineralisation at the Saddle Reefs prospect. Best results include:

o 13m @ 2.01g/t Au from 67m (SRRC012), including

-- 2m @ 7.38g/t Au from 77m

o 12m @ 1.38g/t Au from 32m (SRRC011), including

-- 1m @ 10.96g/t Au from 35m

o 36m @ 0.35g/t Au from surface (0m) (SRRC010)

o 19m @ 0.51g/t Au from 118m (SRRC007)

-- New drill results are considered very positive with several intervals greater than 5g/t gold, indicating the potential for a fertile gold system at Black Hills.

New Targets at Black Hills

-- Greatland has completed ground gravity surveys over the entire Black Hills licence and adjacent Havieron licence, which have identified three new geophysical targets in the Black Hills area:

o Parlay - Located in the south-western corner of the Black Hills licence, the Parlay target includes magnetic and gravity anomalies on an interpreted key lithological and structural contact.

o Black Hills North - Located to the north of recent drilling, Black Hills North comprises coincident gravity, magnetic and IP anomalies.

o Black Hills South - Located on Greatland's Havieron licence (E45/4701), Black Hills South is a very high amplitude gravity anomaly located at the interpreted closure of the Black Hills Dome to the south of outcrop under relatively thin cover (approximately 50m).

Gervaise Heddle, Chief Executive Officer, commented: "These exciting drill results at Black Hills confirm the presence of a near-surface gold system at the Saddle Reefs prospect which includes high-grade gold mineralisation. In addition, our systematic exploration approach continues to generate new targets across the region, including three within the Black Hills area which have not been tested by historic drilling.

"The results from our drilling and geophysical work at Black Hills further highlight the exceptional prospectivity of the Paterson region, which continues to draw in major resource players to the underexplored province."

In June 2018, Greatland commenced its first exploration campaign at Black Hills. Surface rock chip sampling located outcropping gold mineralisation over several hundred metres at the Saddle Reefs prospect and subsequent geophysical work outlined a large, coherent chargeability anomaly over 1,400m of strike, subparallel to gold mineralisation identified at surface. Recent drilling completed at Black Hills has partially tested the Saddle Reefs prospect and has confirmed the presence of high-grade gold.

In addition to this release, a PDF version of this report, with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc

Overview of Paterson Project and Black Hills licence

The Company's Paterson project comprises the Havieron, Paterson Range East, and Black Hills licences, located in the Paterson region of northern Western Australia. The three licences collectively cover more than 385 square kilometres and are prospective for Havieron and Telfer style gold-copper mineralisation.

The Paterson region is currently one of the most active exploration areas in Australia. Recent exploration success achieved by Greatland Gold and Rio Tinto demonstrates the region has been underexplored, particularly the extensive areas under cover. As well as hosting several large gold and copper deposits such as Telfer and Nifty, more recent exploration has outlined several other deposits including Magnum (Au), Calibre (Au), O'Callaghans (W, Cu) and Maroochydore (Cu). The region is remote, however infrastructure is good with several operating mines, roads, formed tracks and rail networks nearby which branch out from the regional industrial hub of Port Hedland 500km to the west.

The Black Hills licence, E45/4512, lies 30 km east of the large Telfer gold mine. Black Hills is a granted exploration licence that covers 25 square kilometres and sits adjacent to the Company's Havieron exploration licence. The Black Hills licence is regarded as having high potential to host gold mineralisation, similar in style to that seen at Telfer. There has been a considerable amount of historical exploration work at Black Hills with several discrete zones of mineralisation identified over 5km of strike. Historical rock chip samples have returned gold over 10g/t, with free (visible) gold in places. Historic drill intercepts include 3m at 9.14g/t gold from 26m downhole (incl. 1m at 21.2g/t from 27m (CBR073)), 1m at 10.0g/t gold from 16m (CBH138), 1m at 4.93g/t from 12m (CBH071) and 1m at 3.12g/t from 37m (NBH004).

Gold prospects identified to date extend from Black Hills into the north western parts of the Havieron licence. Proterozoic sandstone and carbonate rocks of the Yeneena Group formations are present, including the Telfer Formation, in a domal structure which is the equivalent geology to that of the large Telfer gold deposit located 30km to the west.

A large amount of historical surface exploration data for the Black Hills area has been compiled and incorporated into the Company's database. Gold mineralisation has been outlined at several prospects throughout the licence including Saddle Reefs, Eastern, Rogers and Northern Granites (within an area of 6.5km x 2km).

The Company commenced field activities at Black Hills in mid-2018. Work focused on the Saddle Reefs and Rogers areas, collecting rock chip samples and locating historical access. The host sequence of Proterozoic sandstones and limestones outcrop through relatively thin sand cover. Numerous indications of mineralisation in bedrock are apparent. Gossanous samples were collected from outcrop, visible gold recovered from rock chip samples, and gold nuggets were found in thin sand cover at Saddle Reefs.

At Saddle Reefs, the mineralised sequence outcrops through a thin veneer of sand and gravel. Rock chip samples were collected over a strike length of approximately 800m with results over 10g/t gold including 81.7g/t, 45.7g/t, 37.6g/t, 33.9g/t, 28.2g/t and 23.5g/t. Many also showed high silver above 10g/t up to a maximum of 106.1g/t. Gold (and silver) mineralisation in bedrock has been identified over a strike length of approximately 800m at Saddle Reefs.

Comprehensive Induced Polarisation ("IP") geophysical work over Saddle Reefs was undertaken during mid 2018 and early 2019 which covered a strike length of 2km. Modern 3D inversion models of resultant IP data were generated. These models outlined a large chargeability anomaly over 1,400m of strike subparallel to gold mineralisation identified at surface.

As previously reported, an RC drill program has been completed at Black Hills with 1m results reported in this announcement. RC drilling largely focussed on the Saddle Reefs prospect, with several additional holes into the Saddle Reefs West and Eastern prospects. A total of twenty RC holes for 5,846m were drilled to depths ranging from 154m to 500m. Holes were primarily angled at 60 degrees. All holes were sampled from surface to end of hole as four metre composites and single metre samples, and analysed for a 49 element suite. Single metre samples were analysed where 4m composites returned gold results of 0.1g/t or greater. Final analytical results have been received for the 20 holes completed. The first 13 holes represent three traverses of drill holes across portions of the Saddle Reefs prospect with highest results of 1m @ 10.96g/t gold from 35m (SRRC011) and 2m @ 7.38g/t Au from 77m (SRRC012). Results received confirm the presence of high-grade gold mineralisation at the Saddle Reefs prospect. Significant intercepts are presented in Table 1.

Table 1 - Highlights from 1m Sample Results from Saddle Reefs Prospect

 
   Hole     From   To    Interval   Au (g/t) 
    ID 
 SRRC007    118    137      19        0.51 
           -----  ----  ---------  --------- 
 
 
 SRRC010    0   36   36   0.35 
 
 
 SRRC011    32   44   12   1.38 
   incl     35   36   1    10.96 
           ---  ---  ---  ------ 
 
 
 SRRC012    67    80    13   2.01 
   incl     77    79    2    7.38 
           ----  ----  ---  ----- 
            100   122   22   0.50 
           ----  ----  ---  ----- 
   incl     106   107   1    4.92 
           ----  ----  ---  ----- 
 

Mineralisation intersected in RC drilling at the Saddle Reefs prospect is associated with fine grained sandstones and quartzite. Drill hole collar details and significant intercepts are presented in Appendix I, and additional drill hole information is presented in Appendix II.

These new results which include high-grade gold intercepts are considered very positive with several intervals greater than 5g/t Au indicating the potential for a fertile gold system at Black Hills. The project remains at an early stage and requires further investigation. Studies being undertaken at present include determination of local scale controls on mineralisation and integration of Black Hills drill data into the regional geological framework.

Along with drilling activities, the Company has recently completed ground gravity surveys over the entire Black Hills licence and adjacent Havieron licence, which have identified three new targets in the Black Hills area. A ground gravity survey was conducted over the entire Black Hills licence; gravity data was collected on a spacing of 400m by 200m for a total number of 328 stations. Gravity data has been processed and imaged and integrated with detailed airborne magnetic data over the Black Hills and Havieron licences which has revealed three previously unrecognised targets. These new targets have not been tested by historic drilling and are described below.

-- Parlay - Coincident magnetic and gravity anomalies on interpreted key lithological and structural contact.

   --    Black Hills North - Coincident gravity, magnetic and IP anomalies. 

-- Black Hills South - Very high amplitude gravity anomaly located at the interpreted closure of the Black Hills Dome to the south of outcrop under relatively thin cover (approximately 50m).

These new targets are additional to those recently announced from the Havieron and Paterson Range East licences. Further work may include local scale electrical geophysics and drill testing as required.

Competent Person:

Information in this announcement that relates to exploration results is based on information compiled by Mr Mick Sawyer who is a member of the Australian Institute of Geoscientists and is a Registered Professional Geoscientist (R.P.Geo #10194). Mr Sawyer is Exploration Manager and a full-time employee of Greatland Pty Ltd, and holds employee options in Greatland Gold plc. Mr Sawyer has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies. Mr Sawyer consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears.

Information in this announcement that relates to Black Hills project exploration results has been extracted from the following announcements:

"Multiple Targets at Paterson Range East", dated 6 November 2019

"New Drill Targets at Scallywag", dated 30 October 2019

"Exploration Update - Black Hills Drill Results", dated 23 September 2019

"Rio Tinto Exploration Update - Winu project", dated 1 August 2019

"First Drilling Campaign Commences at Black Hills", dated 9 July 2019

"Rio Tinto Exploration Update - Winu project" dated 6 June 2019

"Black Hills - Positive IP Results and Drill Update", dated 30 May 2019

"Greatland Commences 2019 Field Exploration Campaign at Black Hills", dated 7 May 2019

"Rio Tinto Exploration Update - copper-gold mineralisation discovered in the Paterson Province in the far east Pilbara region of Western Australia" dated 27 Feb 2019

"Large New Geophysical Target at Saddle Reefs", dated 29 October 2018

"High Grade Gold Detected in Samples at Black Hills", dated 4 September 2018

"Black Hills Update", dated 17 July 2018

"Black Hills: Further Gold Found in Surface Samples", dated 2 July 2018

"Greatland Discovers Gold Nuggets at Black Hills", dated 21 June 2018

Additional information on the project can be found on the Company's web site at www.greatlandgold.com/paterson/

In addition to this release, a PDF version of this report, with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc

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 (Joint Broker)

Nick Emerson/Alan Gunn

Tel: +44 (0)14 8341 3500

Numis Securities Limited (Joint Broker)

John Prior/Paul Gillam/Alamgir Ahmed

Tel: +44 (0)20 7260 1000

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 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$65 million.

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

DRILLHOLE DATA - Black Hills Project

Black Hills 2019 RC Drilling - Collar Locations (GDA94 Zone51)

 
   Hole       Prospect      Northing   Easting   RL    Depth   Azimuth   Dip    Assay 
    ID 
 SRRC001    Saddle Reefs    7610279    444938    268    304      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC002    Saddle Reefs    7610348    445049    263    298      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC003    Saddle Reefs    7610487    445237    261    298      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC004    Saddle Reefs    7610550    445338    269    350      235     -75   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC005    Saddle Reefs    7609821    445772    271    298      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC006    Saddle Reefs    7609622    445473    262    500      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC007    Saddle Reefs    7609521    445331    259    298      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC008    Saddle Reefs    7609402    445184    255    298      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC009    Saddle Reefs    7609292    445035    255    298      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC010    Saddle Reefs    7610543    445131    260    154      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC011    Saddle Reefs    7610561    445186    260    154      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC012    Saddle Reefs    7610486    445067    260    154      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC013    Saddle Reefs    7610449    445093    264    298      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
            Saddle Reefs 
 SRRC014         West       7609417    444090    249    262      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
            Saddle Reefs 
 SRRC015         West       7609535    444229    248    358      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
            Saddle Reefs 
 SRRC016         West       7609641    444381    249    358      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC017    Saddle Reefs    7608546    445646    249    300      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC018    Saddle Reefs    7608635    445870    253    300      55      -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC019       Eastern      7609373    446778    249    287      235     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 SRRC020       Eastern      7609695    446239    270    279      255     -60   Complete 
           --------------  ---------  --------  ----  ------  --------  ----  --------- 
 

Black Hills 2019 RC Drilling - Significant Intercepts from Single Metre Samples

Reporting Criteria: Intercepts reported are greater than or equal to 1m, greater than or equal to 0.1 ppm Au, with maximum consecutive internal dilution of 4m, and greater than or equal to 2.0 ppm Au with zero internal dilution. Au grades are reported to two significant figures.

 
   Hole       From      To     Interval   Au (g/t) 
    ID 
 SRRC001       31       40        9         0.22 
           ---------  ------  ---------  --------- 
 
 SRRC002       57       58        1         0.39 
 SRRC002      142       145       3         0.34 
           ---------  ------  ---------  --------- 
 
 SRRC003       60       66        6         0.67 
 
 SRRC004       0         7        7         0.29 
 
 SRRC005      158       159       1         0.33 
 
 SRRC006       50       51        1         0.13 
 SRRC006      189       199       10        0.20 
           ---------  ------  ---------  --------- 
 SRRC006      276       277       1         0.38 
           ---------  ------  ---------  --------- 
 
 SRRC007      100       111       11        0.64 
   incl       106       107       1         5.50 
           ---------  ------  ---------  --------- 
 SRRC007      118       137       19        0.51 
           ---------  ------  ---------  --------- 
   incl       119       120       1         2.93 
           ---------  ------  ---------  --------- 
 
 SRRC008      256       263       7         0.22 
 SRRC008      272       284       12        0.37 
           ---------  ------  ---------  --------- 
 
 SRRC009      270       273       3         0.28 
 
 SRRC010       0        36        36        0.35 
 SRRC010       73       82        9         0.19 
           ---------  ------  ---------  --------- 
 SRRC010       93       96        3         0.21 
           ---------  ------  ---------  --------- 
 
 SRRC011       32       44        12        1.38 
   incl        35       36        1        10.96 
           ---------  ------  ---------  --------- 
 
 SRRC012       52       53        1         0.52 
 SRRC012       67       80        13        2.01 
           ---------  ------  ---------  --------- 
   incl        68       69        1         4.55 
           ---------  ------  ---------  --------- 
   incl        70       71        1         3.68 
           ---------  ------  ---------  --------- 
   incl        77       79        2         7.38 
           ---------  ------  ---------  --------- 
 SRRC012       85       90        5         0.13 
           ---------  ------  ---------  --------- 
 SRRC012      100       122       22        0.50 
           ---------  ------  ---------  --------- 
   incl       106       107       1         4.92 
           ---------  ------  ---------  --------- 
 
 SRRC013       17       24        7         0.16 
 SRRC013       32       39        7         0.14 
           ---------  ------  ---------  --------- 
 SRRC013       78       79        1         0.12 
           ---------  ------  ---------  --------- 
 SRRC013       84       86        2         0.59 
           ---------  ------  ---------  --------- 
 SRRC013      117       134       17        0.38 
           ---------  ------  ---------  --------- 
 
 SRRC014     No significant 
                 results 
 SRRC015     No significant 
                 results 
--------- 
 SRRC016     No significant 
                 results 
---------  -----------------  ---------  --------- 
 
 SRRC017      176       178       2         0.40 
 
 SRRC018      102       106       4         0.37 
 SRRC018      120       121       1         0.20 
           ---------  ------  ---------  --------- 
 SRRC018      138       139       1         0.64 
           ---------  ------  ---------  --------- 
 
 SRRC019       68       69        1         0.38 
 
 SRRC020     No significant 
                 results 
                              --------- 
 

APPIX II

JORC Code 2012 Table 1 - Black Hills Project

Section 1 Sampling Techniques and Data

(Criteria in this section apply to all succeeding sections)

 
 Criteria       Explanation 
 Sampling                                                                                  2019 Reverse Circulation Drilling 
  techniques      *    Nature and quality of sampling (eg cut channels,                    (RC) 
                       random chips, or specific specialised industry                       *    Prospects have been drilled by 20 RC drill holes, 
                       standard measurement tools appropriate to the                             totalling 5,846m, with an average hole depth of 
                       minerals under investigation, such as down hole gamma                     290m. 
                       sondes, or handheld XRF instruments, etc). These 
                       examples should not be taken as limiting the broad 
                       meaning of sampling.                                                 *    Assays have been received for all 20 2019 RC drill 
                                                                                                 holes. 
 
                  *    Include reference to measures taken to ensure sample 
                       representivity and the appropriate calibration of any                *    RC drill holes were drilled at three separate areas 
                       measurement tools or systems used.                                        testing geophysical and geochemical targets. 
 
 
                  *    Aspects of the determination of mineralisation that                  *    Locations and orientation of 2019 drill holes for 
                       are Material to the Public Report. In cases where                         this release are tabulated in the appendices of the 
                       'industry standard' work has been done this would be                      report. 
                       relatively simple (eg 'reverse circulation drilling 
                       was used to obtain 1 m samples from which 3 kg was 
                       pulverised to produce a 30 g charge for fire assay'). 
                       In other cases more explanation may be required, such               RC Sampling 
                       as where there is coarse gold that has inherent                      *    RC sampling was carried out using Greatland internal 
                       sampling problems. Unusual commodities or                                 protocols and QAQC procedures. 
                       mineralisation types (eg submarine nodules) may 
                       warrant disclosure of detailed information. 
                                                                                            *    One metre samples were collected from the cyclone 
                                                                                                 into individual alpha-numeric calico bags. 
 
 
                                                                                            *    RC samples were initially composited to 4m lengths 
                                                                                                 via 'spear' sampling the individual 1m intervals. 
                                                                                                 Samples were then taken to the laboratory, pulverise 
                                                                                           d 
                                                                                                 and analysed. 
 
 
                                                                                            *    1m RC samples were then taken to the laboratory, 
                                                                                                 pulverised and analysed. 
 
 
                                                                                           Ground Gravity Geophysical 
                                                                                           Survey 
                                                                                            *    A ground gravity geophysical survey was undertaken 
                                                                                                 during July to September 2019, by Atlas Geophysics 
                                                                                                 Pty Ltd, an independent geophysical acquisition 
                                                                                                 contractor. 
 
 
                                                                                            *    The survey employed the following sampling 
                                                                                                 techniques: Ground Gravity and DGPS survey. 
 
 
                                                                                            *    The survey used the following sampling equipment: 
 
 
                                                                                           Method: Ground Gravity and DGPS 
                                                                                           Array: 400m x 200m grid 
                                                                                           Gravity Instrument: 2x Scintrex 
                                                                                           CG-5 Autograv Gravity Meters 
                                                                                           (SN: 40361, 40240). 
                                                                                           DGPS Instrument: 2x Leica System 
                                                                                           1200 GNSS Rover Receivers, 1x 
                                                                                           Leica System 1200 GNSS Base 
                                                                                           Receiver. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Drilling                                                                            RC Drilling 
  techniques       *    Drill type (eg core, reverse circulation, open-hole            *    RC drilling was undertaken using a truck mounted 
                        hammer, rotary air blast, auger, Bangka, sonic, etc)                KWL700. Depth capacity of the drill rig is 
                        and details (eg core diameter, triple or standard                   approximately 600m. The drill rig utilised an onboard 
                        tube, depth of diamond tails, face-sampling bit or                  compressor (1200 cfm, 350/500 psi) and auxiliary 
                        other type, whether core is oriented and if so, by                  booster (1250 cfm, 850 psi). 
                        what method, etc). 
 
                                                                                       *    Drill holes were collared using a 7 1/2 inch RC bit 
                                                                                            to 25-35m, followed by 5-5/8 inch RC bit to end of 
                                                                                            hole. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Drill sample                                                                        RC Sampling 
  recovery        *    Method of recording and assessing core and chip                 *    RC sample recovery and quality was recorded via 
                       sample recoveries and results assessed.                              visual estimation of sample volume and the condition 
                                                                                            of drill spoils. 
 
                  *    Measures taken to maximise sample recovery and ensure 
                       representative nature of the samples.                           *    Recovery ranges from 90-100%, with only occasional 
                                                                                            recoveries of less than 70%. Sample recovery was 
                                                                                            maximized by maintaining dry samples (dry drilling 
                  *    Whether a relationship exists between sample recovery                conditions) as much as possible. 
                       and grade and whether sample bias may have occurred 
                       due to preferential loss/gain of fine/coarse 
                       material.                                                       *    Due to consistently high recoveries, no relationship 
                                                                                            between grade and recovery is evident. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Logging 
                   *    Whether core and chip samples have been geologically          *    All RC drill samples were geologically logged for 
                        and geotechnically logged to a level of detail to                  lithology, mineralogy, alteration, veining and 
                        support appropriate Mineral Resource estimation,                   sulphide occurrences. This logging includes both 
                        mining studies and metallurgical studies.                          qualitative and quantitative components. 
 
 
                   *    Whether logging is qualitative or quantitative in             *    Logging is recorded directly into a laptop computer 
                        nature. Core (or costean, channel, etc) photography.               using 'LogChief' - geological logging software. This 
                                                                                           software has 'look-up tables' that do not allow for 
                                                                                           invalid entries. Additional validation is then 
                   *    The total length and percentage of the relevant                    carried out when data is transferred to Greatlands 
                        intersections logged.                                              database managers. 
 
 
                                                                                      *    All samples are analysed in the field using a pXRF 
                                                                                           (Olympus Vanta M-series) for the purpose of 
                                                                                           geochemical interpretation. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Sub-sampling 
  techniques       *    If core, whether cut or sawn and whether quarter,                  *    One metre samples were collected from the cyclone 
  and sample            half or all core taken.                                                 into individual alpha-numeric calico bags. 
  preparation 
 
                   *    If non-core, whether riffled, tube sampled, rotary                 *    1m RC samples were taken to the laboratory, 
                        split, etc and whether sampled wet or dry.                              pulverised and analysed. 
 
 
                   *    For all sample types, the nature, quality and                      *    RC sample preparation was completed at Intertek 
                        appropriateness of the sample preparation technique.                    Laboratory in Perth using industry standard 
                                                                                                procedures (dry, crush and pulverise for 85% at 
                                                                                                75um). This sample is then split into sub-samples for 
                   *    Quality control procedures adopted for all                              analysis. 
                        sub-sampling stages to maximise representivity of 
                        samples. 
                                                                                           *    The sample sizes are considered appropriate for the 
                                                                                                style of mineralisation encountered in the region. 
                   *    Measures taken to ensure that the sampling is 
                        representative of the in situ material collected, 
                        including for instance results for field 
                        duplicate/second-half sampling. 
 
 
                   *    Whether sample sizes are appropriate to the grain 
                        size of the material being sampled. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Quality                                                                             RC Drilling Analytical Techniques 
  of assay        *    The nature, quality and appropriateness of the                  *    All samples were dried, crushed and pulverised to 
  data and             assaying and laboratory procedures used and whether                  produce suitable sub-samples for Au analysis (via 
  laboratory           the technique is considered partial or total.                        Fire Assay), and Multi-Element analysis (via 
  tests                                                                                     four-acid digestion ICP-MS). 
 
                  *    For geophysical tools, spectrometers, handheld XRF 
                       instruments, etc, the parameters used in determining            *    Au analysis - 25g Fire Assay/ICP-OES (detection limit 
                       the analysis including instrument make and model,                    of 0.005ppm). 
                       reading times, calibrations factors applied and their 
                       derivation, etc. 
                                                                                       *    Multi-Element analysis - four acid digestion ICP-MS 
                                                                                            (for Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, 
                  *    Nature of quality control procedures adopted (eg                     Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, 
                       standards, blanks, duplicates, external laboratory                   Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, 
                       checks) and whether acceptable levels of accuracy (ie                Ti, TI, U, V, W, Y, Zn, Zr). 
                       lack of bias) and precision have been established. 
 
                                                                                       *    No geophysical tools were used for any element 
                                                                                            concentrations in this report. 
 
 
                                                                                       *    All samples are analysed in the field using a pXRF 
                                                                                            (Olympus Vanta M-series) for the purpose of 
                                                                                            geochemical interpretation. This data is for internal 
                                                                                            company use only. 
 
 
                                                                                       *    Quality Control procedures in the field involve the 
                                                                                            use of certified reference material (CRM's) for assay 
                                                                                            standards and blanks. CRM's are inserted 1 in every 
                                                                                            25 samples. Quality control results were considered 
                                                                                            acceptable. 
 
 
                                                                                       *    In addition to Greatland supplied CRM's, Intertek 
                                                                                            Laboratory includes CRM's in each sample batch they 
                                                                                            receive for analysis. 
 
 
                                                                                      Ground Gravity Geophysical 
                                                                                      Survey 
                                                                                       *    A ground gravity geophysical survey was undertaken 
                                                                                            during July to September 2019 on E45/4512 (Black 
                                                                                            Hills), by Atlas Geophysics Pty Ltd, an independent 
                                                                                            geophysical acquisition contractor. 
 
 
                                                                                       *    The survey consisted of 328 gravity stations 
                                                                                            collected on 400m x 200m grid. 
 
 
                                                                                       *    Data QAQC was completed by the acquisition contractor 
                                                                                            and verified by an independent consultant 
                                                                                            geophysicist using industry standard Windisp 
                                                                                            software. 
 
 
                                                                                       *    Data QAQC showed that the obtained data is of 
                                                                                            moderate quality. 
 
 
                                                                                       *    Processing and 3D modelling of the data was completed 
                                                                                            by an independent consultant geophysicist using 
                                                                                            industry standard Windisp and 3DMGINV software. 
 
 
                                                                                       *    The derived subsurface geophysical models of density 
                                                                                            are interpreted with a high degree of confidence. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Verification                                                                        RC Drilling 
 of sampling      *    The verification of significant intersections by                *    Significant intersections have been verified by 
 and assaying          either independent or alternative company personnel.                 company personnel. 
 
 
                  *    The use of twinned holes.                                       *    No twin holes have been drilled. 
 
 
                  *    Documentation of primary data, data entry procedures,           *    Logging is recorded directly into a laptop computer 
                       data verification, data storage (physical and                        using 'LogChief' - geological logging software. This 
                       electronic) protocols.                                               software has 'look-up tables' that do not allow for 
                                                                                            invalid entries. Additional validation is then 
                                                                                            carried out when data is transferred to Greatlands 
                  *    Discuss any adjustment to assay data.                                database managers. 
 
 
                                                                                       *    No adjustments have been made to any assay data. 
 
 
                                                                                      Ground Gravity Geophysical 
                                                                                      Survey 
                                                                                       *    Data QAQC was completed by the acquisition contractor 
                                                                                            and verified by an independent consultant 
                                                                                            geophysicist. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Location                                                                            Location information - RC Drilling 
  of data         *    Accuracy and quality of surveys used to locate drill            *    Drill hole collar locations were surveyed using a 
  points               holes (collar and down-hole surveys), trenches, mine                 handheld Garmin 64ST GPS (accuracy of +/- 5m). 
                       workings and other locations used in Mineral Resource 
                       estimation. 
                                                                                       *    All coordinates are in GDA94 Zone51. 
 
                  *    Specification of the grid system used. 
                                                                                       *    RL is measured using a handheld GPS. 
 
                  *    Quality and adequacy of topographic control. 
                                                                                       *    Inclined RC drill holes are checked for drill rig 
                                                                                            set-up azimuth using a Suunto Sighting compass. 
 
 
                                                                                       *    Inclination of drill holes is set by the driller 
                                                                                            using a clinometer on the mast of the drill rig. 
 
 
                                                                                       *    Down hole surveys were conducted at 50m intervals 
                                                                                            using a 'north seeking gyro' instrument. 
 
 
                                                                                      Ground Gravity Geophysical 
                                                                                      Survey 
                                                                                       *    Lecia 1200 GNSS DGPS system was used to determine X,Y, 
                                                                                            Z for each gravity station. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Data spacing                                                                    RC Drilling 
 and              *    Data spacing for reporting of Exploration Results.          *    Three areas were drilled for the 2019 RC program. At 
 distribution                                                                           these three areas, drill hole spacing is 
                                                                                        approximately 140m. Drill hole orientation is 
                  *    Whether the data spacing and distribution is                     perpendicular to the strike direction of the local 
                       sufficient to establish the degree of geological and             geology. 
                       grade continuity appropriate for the Mineral Resource 
                       and Ore Reserve estimation procedure(s) and 
                       classifications applied.                                    *    Sample compositing has been applied to some of the 
                                                                                        data. 4m composites were initially used for the 2019 
                                                                                        drill program. 1m intervals of interest identified 
                  *    Whether sample compositing has been applied.                     from the 4m composites were then forwarded to the 
                                                                                        laboratory. 
 
 
                                                                                   *    Data spacing is not sufficient for the reporting of 
                                                                                        Mineral Resources. 
 
 
                                                                                   *    A large amount of historic shallow surface 
                                                                                        exploration has been conducted at the Black Hills 
                                                                                        project. Most historic holes are shallow ( 
 
 
                                                                                  Ground Gravity Geophysical 
                                                                                  Survey 
                                                                                   *    The survey consisted of 328 new gravity stations 
                                                                                        collected on 400m x 200m grid. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Orientation                                                                         RC Drilling 
 of data          *    Whether the orientation of sampling achieves unbiased           *    Drill holes were oriented perpendicular to strike of 
 in relation           sampling of possible structures and the extent to                    the local geology. 
 to                    which this is known, considering the deposit type. 
 geological 
 structure                                                                             *    No relationship is known between key mineralizing 
                  *    If the relationship between the drilling orientation                 structures and the orientation of drilling. 
                       and the orientation of key mineralised structures is 
                       considered to have introduced a sampling bias, this 
                       should be assessed and reported if material.                   Ground Geophysical Survey 
                                                                                       *    The grid geometry (east-west) is approximately 
                                                                                            perpendicular to regional geological strike. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Sample                                                                              RC Drilling/Sampling 
 security          *    The measures taken to ensure sample security.                  *    Sample security is managed by Greatland internal 
                                                                                            protocols. Samples are taken from site by Greatland 
                                                                                            or their representatives to Port Hedland, and 
                                                                                            transported to the laboratory in Perth. 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 Audits or                                                                           RC Drilling/Sampling 
  reviews          *    The results of any audits or reviews of sampling               *    No audits have been completed. 
                        techniques and data. 
 
                                                                                       *    No reviews are considered required as the project is 
                                                                                            in early phase of exploration. 
 
 
 
                                                                                      Ground Geophysical Survey 
                                                                                       *    Data QAQC was completed by the acquisition contractor 
                                                                                            (Atlas Geophysics Pty Ltd) and verified by an 
                                                                                            independent consultant geophysicist (Montanna GIS Pty 
                                                                                            Ltd). 
 
 
                                                                                       *    QAQC of the processed gravity data and derived 
                                                                                            subsurface density model was verified by an 
                                                                                            independent consultant geophysicist (Montanna GIS Pty 
                                                                                            Ltd). 
               -------------------------------------------------------------  ----------------------------------------------------------------------- 
 

Section 2 Reporting of Exploration Results

(Criteria in the preceding section also apply to this section)

 
 Criteria         Explanation 
 Mineral 
 tenement            *    Type, reference name/number, location and ownership           *    The Black Hills Project is located wholly within the 
 and land                 including agreements or material issues with third                 following Exploration Licence: 
 tenure status            parties such as joint ventures, partnerships, 
                          overriding royalties, native title interests, 
                          historical sites, wilderness or national park and             *    E45/4512 (granted) 
                          environmental settings. 
 
                                                                                        *    Greatland Pty Ltd holds a 100% interest in E45/4512 
                     *    The security of the tenure held at the time of 
                          reporting along with any known impediments to 
                          obtaining a licence to operate in the area.                   *    Newcrest Operations Limited holds right of first 
                                                                                             refusal as per Farm-in Agreement dated 12th March 
                                                                                             2019. 
 
 
                                                                                        *    The tenements are in 'good standing' with the WA - 
                                                                                             DMIRS. 
 
 
                                                                                        *    No known impediments exist, including a licence to 
                                                                                             operate in the area. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Exploration 
  done by other      *    Acknowledgment and appraisal of exploration by other          *    Exploration in the area of the Black Hills project 
  parties                 parties.                                                           has involved the following companies: 
 
 
                                                                                        *    CBM (1974--1989) 
 
 
                                                                                        *    Peko (-- 1978) 
 
 
                                                                                        *    Marathon Petroleum (--1979) 
 
 
                                                                                        *    Western Mining Corporation (1980--1981) 
 
 
                                                                                        *    Duval (1984) 
 
 
                                                                                        *    Malateur (1985--1986) 
 
 
                                                                                        *    Newmont (1986-1996) 
 
 
                                                                                        *    Freeport (1987--1988) 
 
 
                                                                                        *    Newcrest (1995--1997) 
 
 
                                                                                        *    Normandy Exploration (1998--1999) 
 
 
                                                                                        *    Croesus Mining (2000--2001) 
 
 
                                                                                        *    Opus Exploration (2001--2002) 
 
 
                                                                                        *    Range River Gold (2003--2005) 
 
 
                                                                                        *    Newcrest (2009--2015) 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Geology 
                     *    Deposit type, geological setting and style of                *    Paterson Province Geological Setting: 
                          mineralisation. 
 
                                                                                       *    Proterozoic meta-sedimentary rocks. Mineralisation 
                                                                                            styles include: Stratigraphic/contact controlled gold, 
                                                                                            vein and reef style gold/copper stockwork. 
 
 
                                                                                       *    At Saddle Reefs, mineralisation is hosted in fine 
                                                                                            grained sandstones with minor interbedded siltstones. 
                                                                                            In other parts of the project area, mineralisation is 
                                                                                            associated with fine grained quartzites. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Drill hole 
  Information        *    A summary of all information material to the                  *    Reports prepared by Greatland Pty Ltd on the Black 
                          understanding of the exploration results including a               Hills project are available to view on: 
                          tabulation of the following information for all                    www.greatlandgold.com 
                          Material drill holes: 
 
                                                                                        *    Other information regarding the exploration area can 
                     *    easting and northing of the drill hole collar                      be found in historic exploration reports, available 
                                                                                             in previous Western Australia DMIRS reports. 
 
                     *    elevation or RL (Reduced Level - elevation above sea 
                          level in metres) of the drill hole collar                     *    A table with drill hole collar details and 
                                                                                             significant intersections accompanies the report. 
 
                     *    dip and azimuth of the hole 
 
 
                     *    down hole length and interception depth 
 
 
                     *    hole length. 
 
 
                     *    If the exclusion of this information is justified on 
                          the basis that the information is not Material and 
                          this exclusion does not detract from the 
                          understanding of the report, the Competent Person 
                          should clearly explain why this is the case. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Data 
 aggregation        *    In reporting Exploration Results, weighting averaging          *    Aggregated intervals have been length weighted. 
 methods                 techniques, maximum and/or minimum grade truncations 
                         (eg cutting of high grades) and cut-off grades are 
                         usually Material and should be stated.                         *    Reporting Criteria 1m samples: Intercepts reported 
                                                                                             are greater than or equal to 1m, greater than or 
                                                                                             equal to 0.1 ppm Au, with maximum consecutive 
                    *    Where aggregate intercepts incorporate short lengths                internal dilution of 4m; and greater than or equal to 
                         of high grade results and longer lengths of low grade               1m, greater than or equal to 2ppm Au with zero 
                         results, the procedure used for such aggregation                    internal dilution. Au grades are reported to two 
                         should be stated and some typical examples of such                  significant figures. 
                         aggregations should be shown in detail. 
 
                                                                                        *    Higher grade gold intervals within broader zones of 
                    *    The assumptions used for any reporting of metal                     lower grade intervals are reported as included 
                         equivalent values should be clearly stated.                         intervals. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Relationship 
 between            *    These relationships are particularly important in the      *    The geometry of mineralisation with respect to drill 
 mineralisation          reporting of Exploration Results.                               hole orientation is not known. 
 widths and 
 intercept 
 lengths            *    If the geometry of the mineralisation with respect to      *    Intervals are down hole lengths, true widths not 
                         the drill hole angle is known, its nature should be             known. 
                         reported. 
 
 
                    *    If it is not known and only the down hole lengths are 
                         reported, there should be a clear statement to this 
                         effect (eg 'down hole length, true width not known'). 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Diagrams 
                     *    Appropriate maps and sections (with scales) and           *    Appropriate diagrams (plans/sections) are available 
                          tabulations of intercepts should be included for any           with this report. 
                          significant discovery being reported These should 
                          include, but not be limited to a plan view of drill 
                          hole collar locations and appropriate sectional 
                          views. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Balanced 
  reporting          *    Where comprehensive reporting of all Exploration          *    The company believes this announcement is a balanced 
                          Results is not practicable, representative reporting           report, and that all material information has been 
                          of both low and high grades and/or widths should be            reported. 
                          practiced to avoid misleading reporting of 
                          Exploration Results. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Other 
 substantive        *    Other exploration data, if meaningful and material,            *    Previous exploration results included in this 
 exploration             should be reported including (but not limited to):                  announcement can be found on the company website: 
 data                    geological observations; geophysical survey results;                www.greatlandgold.com 
                         geochemical survey results; bulk samples - size and 
                         method of treatment; metallurgical test results; bulk 
                         density, groundwater, geotechnical and rock 
                         characteristics; potential deleterious or 
                         contaminating substances. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 Further work 
                     *    The nature and scale of planned further work (eg          *    Planned further work includes geological and 
                          tests for lateral extensions or depth extensions or            geochemical investigation of drill results. 
                          large-scale step-out drilling). 
 
 
                     *    Diagrams clearly highlighting the areas of possible 
                          extensions, including the main geological 
                          interpretations and future drilling areas, provided 
                          this information is not commercially sensitive. 
                 -------------------------------------------------------------  ------------------------------------------------------------------ 
 

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