Greatland Gold in demand as drilling at Havieron confirms world class potential

Greatland Gold PLC has a portfolio of six high-potential projects in Western Australia and Tasmania which are renowned for being low risk jurisdictions.

(, ) could become the second lowest cost gold company globally, according to the parameters set out by a pre-feasibility study just released.

The study investigated the potential of the first 14mln tonnes of the South-East Crescent Zone, and as such represents only the beginnings of the economic modelling to be done at Havieron.

Greatland’s partner at Havieron, Newcrest, would bear the bulk of the up-front costs of getting Havieron into production, with Greatland’s share currently envisaged as US$73mln.

All-in sustaining costs are reckoned at just US$643 per ounce, with further reductions possible.

We know that the Greatland Gold PLC (AIM:GGP, OTC:GRLGF) project at Havieron is big.

And we know that it’s likely to make someone a lot of money in the coming years, even if the gold price has been giving up a bit of ground lately.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) (AIM:GGP) shares rocketed higher on news that partner Newcrest Mining intends to release its pre-feasibility study results from the Havieron gold-copper deposit in the Paterson region of Western Australia on Tuesday 12 October 2021.

An extensive growth drilling programme is presently underway at Havieron while construction of the box cut and decline to develop the Havieron deposit commenced in February 2021.

As if we hadn’t had enough of it already, the positive newsflow from Greatland Gold PLC (LON:GGP) just keeps on coming.

Just over a week ago the company’s joint venture partner at the Havieron discovery in Western Australia, Newcrest Mining Ltd (ASX:NCM) commenced construction of a decline that’s designed to go down all the way to the top of the mineralization.

Greatland Gold PLC (AIM:GGP, OTC:GRLGF, FRA:G8G)’s first results from its Juri joint venture in the Paterson province in Western Australia has made an encouraging start with gold identified in assays from the first four holes.

SP Angel noted that the initial drilling at Juri intersected gold mineralisation at both the Saddle Reef and Goliath targets.

Newcrest is again Greatland’s partner in the exploration programme, the same combination that is developing the huge gold find at Havieron also in the Paterson region.

Greatland Gold’s CEO Shaun Day discusses with Proactive the Stage 1 PFS results for the Havieron gold-copper deposit in the Paterson region of Western Australia. He says the study of the South-East Crescent reflects the ‘staged approach’ to the evaluation and development of Havieron and does not consider bulk mining methods. Day adds that the study covers just a small fraction of the resource and the broader mineralised breccia system but is a ‘tremendous’ first step towards creating a mine and unlocking their understanding and the value of Havieron.