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

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  • Greatland Gold hails transformational year as it reports annual results
  • Greatland’s Havieron project could get even bigger, says Berenberg
  • Greatland Gold’s results show it retains flexibility to finance work on Havieron project, says broker
  • Greatland Gold highlights best intercept to date and new Havieron look-alike targets
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Quick facts: Greatland Gold PLC

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

11 Nov 2021

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) hailed its transformational year as it reported financial results for the year to end June 2021.

During that year, the company evolved from a junior explorer to a mining development and exploration company. It achieved several significant milestones at its flagship Havieron gold-copper asset in Western Australia, including starting construction and surface infrastructure activities, moving it closer to bringing a tier-one gold copper mine into production.

Greatland said it is well positioned to fund its portfolio of projects into the next financial year.

The company’s losses widened to GBP5.5mln, from GBP5.1mln in the year-earlier period, on exploration costs and administrative expenses. It has no revenue.

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03 Nov 2021

Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it identified two early-stage targets that are ‘lookalikes’ of the Havieron gold-copper deposit in Western Australia.

Geologists say the two new areas share similar magnetic and gravity anomaly characteristics with Havieron, which boasts a resource estimate of 1.6mln ounces of gold and 73,000 tonnes of copper.

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28 Oct 2021

(, ) said recent drilling at the Havieron gold project in Western Australia unearthed the best intercept yet.

The intercept, beneath the existing South Crescent resource, was over a width of 102.4m at a grade of 10 g/t gold and 0.66% copper.

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28 Oct 2021

It’s a measure of the uniqueness of (, ) as an exploration company that is share price was broadly flat after it announced a new 120 metre mineralized intercept at its Havieron project in Australia with grades running at 10 grams per tonne gold and significant additional copper.

If it had been any other company, such a result would have set the market on fire.

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11 Nov 2021

Greatland Gold PLC (AIM:GGP, OTC:GRLGF)‘s results show it retains flexibility to finance work at its Havieron project, says Berenberg.

The bank maintained its price target of 24p, compared to the last close of 16.1p, and a ‘buy’ recommendation on the shares.

Analysts said this target is based on the recent pre-feasibility study for the South East Crescent Zone at Havieron and an assumption of a further 10Moz being delineated outside of the PFS reserve, valued in line with the Australian mid-tier gold miners at EV/ounce of USD624/oz. It also assumes that Greatland eventually retains a 30% interest in Havieron.

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11 Nov 2021

Greatland Gold’s Shaun Day says recent drilling at the Havieron gold project in Western Australia has unearthed the best intercept yet. The result, beneath the existing South Crescent resource, was over a width of 120.4m at a grade of 10 g/t gold and 0.66% copper. Meanwhile, GGP’s identified what it says are two early-stage targets that are ‘lookalikes’ of the Havieron deposit. They were uncovered on the Canning application and the adjacent recently-acquired Paterson South tenement.

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Greatland Gold highlights best intercept to date and new Havieron look-alike…

Greatland Gold’s Shaun Day says recent drilling at the Havieron gold project in Western Australia has unearthed the best intercept yet. The result, beneath the existing South Crescent resource, was over a width of 120.4m at a grade of 10 g/t gold and 0.66% copper. Meanwhile, GGP’s identified…

20 hours, 42 minutes ago

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