REG - Greatland Gold PLC - Commencement of new CEO

Greatland GoldAnnouncement

08/02/2021 07:00

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RNS Number : 2360O  Greatland Gold PLC  08 February 2021

 
8 February 2021

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Greatland Gold plc
("Greatland" or "the Company")

 

Commencement of new CEO

 

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and
development company, is pleased to announce that its new Chief Executive
Officer, Shaun Day, has today commenced his role at the Company.

 

As announced on 15 December 2020, Shaun Day succeeds Gervaise Heddle, who will
remain on the Board and part of the Executive team until 12 March 2021 to
ensure a smooth transition. Shaun Day is a seasoned industry executive with
over 20 years of experience in leadership positions across established mining
and infrastructure, investment banking and international accounting firms. He
has extensive experience in capital markets with a track record of leading
successful transactions including M&A of publicly listed companies,
farm-in agreements and raising capital.

 

Shaun Day, Chief Executive Officer of Greatland Gold plc, said: "I join
Greatland at a very exciting time for the business and with a strong platform
in place to drive further growth. Greatland will continue to progress its core
strategy - advancing Havieron while pursuing value from our other exploration
targets with tier-one potential. Beyond this, I intend to apply my experience
from growing major mining companies to oversee the development of Havieron and
to scale-up the wider business.

 

"2021 is set to be an exciting year for Greatland as we embark on multiple
exploration campaigns in the Paterson province. Havieron continues to evolve
and we are confident that it will further expand in scale as Newcrest
undertakes its extensive growth drilling programme over the next six months,
with a view towards potential commencement of mining operations within three
years. In addition, we are preparing the imminent launch of the 2021
exploration programme for the Juri Joint Venture, which will test multiple
high priority targets, as we finalise plans to conduct further exploration
across our 100% owned targets in the highly prospective Paterson region.

 

"There is significant opportunity ahead of us and I am looking forward to
creating further value for shareholders."

 

 

Enquiries:

 

Greatland Gold PLC

Shaun Day/Callum Baxter

Tel: +44 (0)20 3709 4900

Email:  info@greatlandgold.com

www.greatlandgold.com

 

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: +44 (0)20 3368 3550

 

Berenberg (Joint Corporate Broker and Financial Adviser)

Matthew Armitt/Jennifer Wyllie/Detlir Elezi

Tel: +44 (0)20 3207 7800

 

Hannam & Partners (Joint Corporate Broker and Financial Adviser)

Andrew Chubb/Matt Hasson/Jay Ashfield

Tel: +44 (0)20 7907 8500

 

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel:  +44 (0)14 8341 3500

 

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: +44 (0)20 7618 9100

 

 

Notes for Editors:

 

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural
resource exploration and development company with a current focus on precious
and base metals. The Company has six main projects; four situated in Western
Australia and two in Tasmania.

 

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations
Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to
explore and develop Greatland's Havieron gold-copper deposit in the Paterson
region of Western Australia. The Havieron Project is operated by Newcrest
under a Joint Venture Agreement with Greatland Gold plc. Newcrest can earn up
to a 70% joint venture interest through total expenditure of US$65 million and
the completion of a series of exploration and development milestones in a
four-stage farm-in over a six year period that commenced in March 2019.
Newcrest may acquire an additional 5% interest at the end of the farm-in
period at fair market value.

 

The Joint Venture Agreement includes tolling principles reflecting the
intention of the parties that, subject to a successful exploration program and
feasibility study and a positive decision to mine, the resulting joint venture
mineralised material will be processed at Telfer, located 45km west of
Havieron.

 

Greatland is seeking to identify large mineral deposits in areas that have not
been subject to extensive exploration previously. It is widely recognised that
the next generation of large deposits will come from such under-explored areas
and Greatland is applying advanced exploration techniques to investigate a
number of carefully selected targets within its focused licence portfolio.

 

The Company is also actively investigating a range of new opportunities in
precious and strategic metals and will update the market on new opportunities
as and when appropriate.

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