REG - Greatland Gold PLC - New licence applications

Greatland GoldAnnouncement

15/09/2023 08:45

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RNS Number : 6037M  Greatland Gold PLC  15 September 2023

Greatland Gold plc (AIM: GGP)

E: info@greatlandgold.com

W: https://greatlandgold.com

: twitter.com/greatlandgold

 

 

NEWS RELEASE | 15 September 2023

 

 

New licence applications at Yannarie in the Gascoyne

 

Greatland has applied for four new exploration licences covering 126km(2)

of ground in the Gascoyne

 

 

Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to announce
that it has lodged applications for new exploration licences covering 126km(2)
of tenure at Yannarie within the Gascoyne, to the south of the Pilbara.  The
ground was identified by a Greatland prospectivity study covering the Pilbara
and surrounding areas, and is considered prospective for Havieron and Telfer
style precious and base metals deposits.

 

Highlights

 

§ Geological environment and history of the district is considered to be
ideal for the formation of large scale precious and base metals deposits

 

§ The Yannarie applications overlay a complexly folded Proterozoic
meta-sedimentary package intruded by Proterozoic granitoids on the margin of a
terrane boundary

 

§ Open file data indicates that the area has only shallow cover and is
underexplored

 

Greatland Managing Director, Shaun Day, commented: "Exploration is one of
Greatland's three horizons for growth.  The addition of these tenements to
our portfolio augments a pipeline of high priority targets in Tier 1 districts
and demonstrates our continued focus to identify and secure prospective
ground, where we can leverage our team's experience and track record of
success.  Yannarie complements our upgraded portfolio of priority projects
including the Paterson and Ernest Giles."

 

Overview of the Yannarie project

The Yannarie project is located approximately 300km south-west of the town of
Maitland in the Gascoyne Province of Western Australia, within the Capricorn
Orogeny, between the Yilgarn and Pilbara cratons.

 

The geology comprises mainly outcropping Palaeoproterozoic metasedimentary and
intrusive rocks with minor alluvial and colluvial cover. This north to
northwest trending folded sequence has several interpreted long-lived
crustal-scale structures that may provide pathways for gold and base metal
mineralisation. There are several mineral occurrences in the area including
gold, copper, uranium and manganese.

 

The Capricorn Orogen represents the progressive assembly of the Western
Australia Craton and is comparable to other Proterozoic Orogens in Western
Australia. These orogens are known to host large mineral deposits including
Telfer and Havieron in the Paterson and Tropicana in the Albany-Fraser. The
Capricorn Orogen is considered underexplored.

 

Ahead of the expected grant of the licences, Greatland will engage with the
Traditional Owners in respect of land access and heritage and progress. A
review of previous work will be completed in parallel to define exploration
targets.

Figure 1:Satellite image showing Greatland's newly acquired Yannarie tenement
applications.

Figure 2: Geological Map showing Yannarie tenement applications

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.

 

Competent Persons Statement

 

Information in this announcement pertaining to Reporting of Exploration
Results has been reviewed and approved by Mr Damien Stephens, a Member of
the AusIMM, who has more than 30 years relevant industry experience.  Mr
Stephens is a full-time employee of the Company and has a financial interest
in Greatland.  Mr Stephens 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 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 and Gas Companies, which outline standards of
disclosure for mineral projects.  Mr Stephens consents to the inclusion in
this announcement of the matters based on this information in the form and
context in which it appears.  Mr Stephens confirms that the Company is not
aware of any new information or data that materially affects the information
included in the historical market announcements, and that the form and context
in which the information has been presented has not been materially modified.

 

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