RCS - Greatland Gold PLC - Ernest Giles Land Access Agreement

Greatland GoldAnnouncement

20/09/2023 09:15

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RNS Number : 0636N  Greatland Gold PLC  20 September 2023

Greatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

: twitter.com/greatlandgold

 

 

NEWS RELEASE | 20 September 2023

 

 

Ernest Giles Land Access Agreement

 

First agreement by the Manta Rirrtinya Native Title Holder

 

On-ground exploration at Ernest Giles to resume as a priority

 

Expansion to the current granted exploration licences

 

 

Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to announce
entry into a Land Access and Mineral Exploration Agreement (LAA) with the
Wakamurru Aboriginal Corporation RNTBC (Wakamurru), acting on behalf of the
Manta Rirrtinya Native Title Holders, for tenement areas within the Company's
Ernest Giles project on the Manta Rirrtinya exclusive native title
determination area.

 

Highlights

 

§ LAA is the first land access agreement that the Manta Rirrtinya Native
Title Holders have entered into since their native title determination in 2018

 

§ Greatland can now resume and expedite on-ground exploration activities on
our high priority Ernest Giles project

 

§ First target is the Meadows prospect with a Government of Western Australia
Exploration Incentive Scheme (EIS) drilling grant approved and cultural
heritage surveys underway

 

§ Greatland's LAA with the Manta Rirrtinya People is structured to provide
significant benefits to the local community

 

§ New applications in September 2023 represents approximately a 35% expansion
to the current granted exploration licences securing a comprehensive holding
over the Ernest Giles belt

 

Greatland Managing Director, Shaun Day, commented: "We are very pleased to
announce the completion of our Land Access Agreement with Wakamurru which sets
in place a mechanism for the Manta Rirrtinya People to benefit from
exploration by Greatland on their country. I would like to thank the Wakamurru
Board for their efforts in bringing this agreement to fruition and look
forward to building a strong relationship based on mutual respect and
cooperation."

 

"This LAA provides Greatland with exploration access to the highly prospective
Ernest Giles tenements. Ernest Giles has been a long-standing priority for
Greatland as an underexplored Archean greenstone belt. Ernest Giles will now
resume its place as a high priority project within our exploration portfolio."

 

Land Access Agreement

 

Greatland has entered into the LAA with Wakamurru, representing the Manta
Rirrtinya Native Title Holders, covering the majority of the land within the
Ernest Giles project (refer Figure 1 below).

 

The LAA provides for Wakamurru's consent to the grant of tenure to, and land
access by, Greatland over approximately 75% of the Ernest Giles project area.

 

The LAA provides for employment, training and procurement opportunities for
the benefit of

Wakamurru and the Manta Rirrtinya community.

 

Wakamurru and Greatland have established a cooperative relationship, enabling
them to negotiate this LAA that promotes heritage protection of the area and
provides benefits to the local community, whilst providing Greatland with the
land access certainty required to undertake its exploration programs.

 

 

 

Overview of the Ernest Giles project

The Ernest Giles project is located approximately 250km north-east of the town
of Laverton and covers a folded belt of magnetic greenstone rocks (Figure 2)
typical of the highly gold and nickel endowed Archean Goldfields of Western
Australia. The Goldfields host large gold camps such as Kalgoorlie, Leonora,
Laverton, Mt Magnet and Jundee. The prospective greenstone sequence at Ernest
Giles does not outcrop and, as a consequence, is underexplored relative to the
remainder of the Goldfields.

 

The cover sequence ranges from around 120m to more than 300m across the
broader project area. Moderate to deep reverse circulation (RC) drilling is
expected to provide an effective test of bedrock across most of the tenure.

 

Greatland's granted and under-application tenure at Ernest Giles covers more
than 1,950km(2), and includes a new application in September 2023 that
represents approximately a 35% expansion to the current granted exploration
licences, securing a comprehensive holding over what Greatland considers the
most prospective near surface portions of the Ernest Giles belt. Over 75% of
the Company's granted and under-application tenure is covered by the new
LAA.

 

Prior to the discovery of Havieron in 2018, Ernest Giles was Greatland's
highest priority project. The Company has previously completed 62 RC holes for
~17,000m and 4 diamond holes for ~1,300m of diamond drilling.

 

Prior work focused on the Meadows prospect, with a program of 800m spaced RC
drilling.  All holes intersected Archean bedrock inclusive of prospective
banded ironstones, mafic intrusives and dacites, all of which are known gold
host rocks within the Archean greenstones of the Yilgarn Craton. Moderate gold
results of up to 2g/t Au were recorded, and these are considered highly
encouraging given the wide spaced nature of this first phase drill testing.
 The first on-ground activities under the new LAA will again focus on the
Meadows prospect (Figure 3), with two EIS co-funded diamond holes following
up on anomalism in the previous RC drilling.

 

Ongoing work will include airborne geophysics to better understand the geology
of the entire Ernest Giles belt and prioritise targets, prior to systematic
drill testing of the resultant priority targets.

 

Figure 2: Yilgarn Craton Goldfields and Archean Greenstones

 

 

Contact

 

For further information, please contact:

 

Greatland Gold plc

Shaun Day, Managing Director  |  info@greatlandgold.com

 

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin  |  +44 203 368 3550

 

Corporate Brokers

Berenberg  |  Matthew Armitt / Jennifer Lee  |  +44 203 368 3550

Canaccord Genuity  |  James Asensio / George Grainger |  +44 207 523 8000

SI Capital Limited  |  Nick Emerson / Sam Lomanto  |  +44 148 341 3500

 

Media Relations

UK - Gracechurch Group  | Harry Chathli / Alexis Gore / Henry Gamble  |
+44 204 582 3500

Australia - Fivemark Partners  |  Michael Vaughan  |  +61 422 602 720

 

About Greatland

 

Greatland is a mining development and exploration company focused primarily on
precious and base metals.

 

The Company's flagship asset is the world-class Havieron gold-copper project
in the Paterson Province of Western Australia, discovered by Greatland and
presently under development in joint venture with ASX gold major, Newcrest
Mining Limited (which is the subject of an agreed takeover by Newmont
Corporation that is ongoing).

 

Havieron is located approximately 45km east of Newcrest's existing Telfer gold
mine. The box cut and decline to the Havieron orebody commenced in February
2021.  Significant progress continues with the exploration decline with total
development at over 2,600 metres in early August 2023.  Subject to a positive
feasibility study and Decision to Mine, Havieron may leverage the existing
Telfer infrastructure and processing plant.

 

Greatland has a proven track record of discovery and exploration success and
is pursuing the next generation of tier-one mineral deposits by applying
advanced exploration techniques in under-explored regions. Greatland has a
number of exploration projects across Western Australia and in parallel to the
development of Havieron is focused on becoming a multi-commodity miner of
significant scale.

 

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