UK's Greatland Gold rises on Rio Tinto partnership

Greatland Gold

30/05/2023 08:19

** Shares of UK-based mining development and exploration
company Greatland Gold  GGPL.L  rose 8.7% to 7.8 pence
    ** Co entered into a farm-in and joint venture arrangement
with Rio Tinto Exploration  RIO.L 
    ** Under the deal, Greatland will make an up-front payment
of A$350,000 to Rio Tinto Exploration in either cash or shares
    ** Co is entitled to up to a 75% JV interest in the Project
Tenements under a two-stage farm-in arrangement
    ** GGPL to commence drilling in 2023
    ** Stock is down 3.75% YTD, as of last close

 (Reporting by Shreyaa Narayanan in Bengaluru)
 ((Shreyaa.Narayanan@thomsonreuters.com))