REG - Greatland Gold PLC - Havieron Project Update

Greatland GoldAnnouncement

11/08/2023 07:15

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RNS Number : 0638J  Greatland Gold PLC  11 August 2023

Greatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

: twitter.com/greatlandgold

 

NEWS RELEASE | 11 August 2023

 

 

Havieron Project Update

 

New Havieron 3D model published

Havieron MRE update scheduled for the December 2023 quarter

 

 

Greatland Gold plc (AIM:GGP) (Greatland or the Company), a leading precious
and base metals focused mining development and exploration company, is pleased
to provide an update on the Havieron gold-copper project in the Paterson
Province of Western Australia.

 

Development update

 

The main decline continues to progress, having surpassed 1,840 metres.
Decline support excavations for ventilation, services and materials handling
takes the total development to over 2,600 metres.  The decline has continued
to progress through improved ground conditions since successfully developing
through the middle aquifer late last month.

 

Mineral Resource estimate update

Greatland notes the release of an ASX announcement titled "Annual Mineral
Resources and Ore Reserves Statement - as at 30 June 2023" by Newcrest Mining
Ltd (Newcrest) earlier today, which provided an annual statement of Newcrest's
Resources and Reserves.

 

Greatland notes that this statement, so far as it relates to Havieron, only
restates the previously released statement contained within the Havieron
Mineral Resource estimate (MRE) from Newcrest's ASX announcement titled
"Annual Mineral Resources and Ore Reserves Statement - as at 30 June 2022"
dated 19 August 2022.

 

Over 80,000 metres of growth drilling has been completed at Havieron since
Greatland announced the Havieron March 2022 MRE (refer to RNS announcement
titled "Updated Mineral Resource substantially increases Havieron Resource and
Reserve" dated 3 March 2022 for further information).

 

Drilling since Greatland's announcement of the Havieron March 2022 MRE has
focused on:

 

§ Defining the extents of mineralisation in the lower levels of the SE
Crescent (3,600 - 4,200mRL);

§ Resource definition within the lower levels of the mineralised system, with
a focus on the Eastern Breccia; and

§ Extending the mineral system below the existing Resource.

 

The work programmes required to incorporate these drill results into an
updated Havieron MRE are in progress, and Greatland expects an updated
Havieron MRE to be completed in the December 2023 quarter.

 

Havieron 3D model

 

Greatland is pleased to announce the release of an updated 3-dimensional (3D)
interactive model of the Havieron project, which is available to view on the
Company's website or by clicking this link
(https://inventum3d.com/c/greatlandgold/havieron) .  The 3D model has been
updated to include all Havieron drill intercepts released to date.  The 3D
model is for illustrative purposes only and uses previously reported JORC
Mineral Resource and Reserve estimates by Greatland.  Any future production
at Havieron is subject to a positive Feasibility Study and Decision to Mine.

 

Greatland Managing Director, Shaun Day, commented: "The underground
development at Havieron is making good progress as we continue to advance to
the top of the orebody.

 

We are working towards the publication of an updated MRE, which will
incorporate data from a further 80,000 metres of growth drilling at Havieron
since our March 2022 MRE update.  We are targeting completion and
announcement of an updated MRE during the December 2023 quarter and look
forward to updating the market in due course."

 

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 / Patrick Dolaghan  |  +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 a takeover by Newmont Corporation by
way of a scheme of arrangement).

 

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 on 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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