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Great unexpected news and very happy for this being my largest holding. Unrelated to this RNS but what was that cryptic clue to the next RNS someone muted a week ago ‘800 - 1200’ I think it was? GLA
So scally drilling going ahead in the next 6 weeks. Another site secured. Results due on 22nd July from NCM which should highlight the much larger step outs and then Septembers results will hopefully talk about the site nearer the ART border. Of course not forgetting the MRE which could drop anytime ( but not too soon I hope ).
Comfortably sitting on my hands now and waiting for the next great news to arrive.
Gl everyone
Could we see a very nice "No 13" today ?????
With this RNS I’m a happy boy! It’s the waiting that’s annoying but that’s what you call investing! Sitting on my hands - best way to play this game!
All the best to the other investors!
Cheers
Stout
Lovely news. I've never been known for great timing, but my top up yesterday at 11.85 was a cracker.....
Great news - and there I was saying let's just return to talking about GGP and cheekily asking GH for a nugget.
Things you love to see - Greatland Gold RNS's haha
Wasn't expecting any further releases until the next update. To win another license in a competitive region is another good sign we're doing the right things. Furthermore, the update on drilling Scally we've all been waiting for. What I like is that the board haven't waited around to communicate the decision and the Scally update to us shareholders. Once again, another good sign they have their views in alignment with ours
A very nice bit of news. Yes well done Stuart for predicting it!
I wonder if the ballot win and the Scally drilling was the 'maybe more good news shortly' statement from GH in his last interview?
Brilliant news and no dilly dallying which ends any suspicion (namely mine sorry!). I am thrilled they are going ahead with Scally. All luck to GH and to us! This must be the great news he was on about. Stuart you were right about a Tuesday drop in :-)
Newcrest's involvement will have some pull and influence with WA officials. NCM has become almost our promoter in the corridors of power
Great RNS
Very positive way forward, the BOD are not testing on their laurels...
Fully financed for the next 12 months not just this year as stated by some.
No big surprise - tgf's postings are usually a precursor to good news . Is there a connection?
The seller(s) is holding us back at present. They won't depart. Options and warrants sellers no doubt
Its £6m in the bank not dollars.
During the Farm-In period, Newcrest will have a right of first refusal over three of Greatland's Paterson licences (Black Hills, Paterson Range East and the remainder of the Havieron licence). The right of first refusal does not extend to the new Rudall licence (E45/5533).
More great news, more targets and $6 million in the bank. What's not to like.
GLA Fc
Finally Scally news announced. Congratulations everyone !
The Paterson region is currently one of the most active exploration areas in Australia. Recent discoveries by Greatland (Havieron) and Rio Tinto (Winu) demonstrate the potential of the region and highlight the lack of historical exploration, particularly over the extensive areas under cover. As well as hosting several large gold and copper deposits such as Telfer and Nifty, more recent exploration has outlined several other deposits including Magnum (Au), Calibre (Au), O'Callaghans (W, Cu) and Maroochydore (Cu). The region is remote, however infrastructure is good with several operating mines, roads, formed tracks and rail networks nearby which branch out from the regional industrial hub of Port Hedland 500km to the west.
In March 2019, Greatland entered into a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper discovery in the Paterson region of Western Australia. Newcrest has the right to earn up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m. Newcrest may acquire an additional 5% interest at the end of the Farm-in period at fair market value.
During the Farm-In period, Newcrest will have a right of first refusal over three of Greatland's Paterson licences (Black Hills, Paterson Range East and the remainder of the Havieron licence). The right of first refusal does not extend to the new Rudall licence (E45/5533).
Los Diablos.
Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: "We are very pleased to be moving forward with our exploration plans in the Paterson and to have the opportunity to consolidate our strategic position in this exciting and highly prospective region. Geophysical and geochemical studies conducted last year highlighted a range of exciting, high-priority targets across our Paterson licences, many of which display similar geophysical characteristics to Havieron, and we look forward to systematically drill testing many of these targets over the coming months. In addition, the application for the Rudall licence gives us the opportunity to expand our footprint in a region that we view as one of the most attractive frontiers in the world for the discovery of tier-one, gold-copper deposits."
Background to the Paterson Project
The Company's Paterson project comprises three granted licences (Havieron, Paterson Range East, and Black Hills) and one licence application (Rudall), located in the Paterson region of northern Western Australia. The four licences collectively cover more than 450 square kilometres and are prospective for Telfer and Havieron style gold-copper deposits.
Cultural heritage clearances are now underway in the Paterson. These were previously deferred due to COVID-19 concerns (see announcement dated 1 April 2020). Subject to the receipt of cultural heritage approvals, the Company expects to commence drilling at its 100%-owned Scallywag prospect area in the next four to six weeks.
Drilling will initially focus on high-priority targets within the Scallywag prospect area including Kraken, Blackbeard and London. Once the initial phase of drilling is complete at Scallywag the Company expects to continue with drilling of additional high-priority targets on its Paterson Range East licence including Goliath and Los Diablos.
Greatland has received notification from DMIRS that it has won a government conducted ballot in regard to the Company's application for licence E45/5533 Rudall. Consequently, Greatland's application for E45/5533 has priority and will be processed ahead of other competing applications. The new licence application E45/5533 Rudall covers an area of approximately 65 square kilometres and is located 20 kilometres south-southeast of Greatland's Havieron gold-copper deposit.
Once granted Greatland expects to complete acquisition of detailed aeromagnetics, ground gravity and surface geochemistry to enhance preliminary targets already outlined within the Rudall licence.
The Paterson region is currently one of the most active exploration areas in Australia. Recent discoveries by Greatland (Havieron) and Rio Tinto (Winu) demonstrate the potential of the region and highlight the lack of historical exploration, particularly over the extensive areas under cover. As well as hosting several large gold and copper deposits such as Telfer and Nifty, more recent exploration has o
RNS Number : 5172R
Greatland Gold PLC
30 June 2020
30 June 2020
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR)
Greatland Gold plc
("Greatland" or "the Company")
Application for Fourth Licence in the Paterson and Update on Drilling Programme
Greatland wins ballot for new licence application in the Paterson, drilling campaign at Scallywag expected to commence within the next four to six weeks
Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce that it has received notification from the Western Australian Department of Mines, Industry Regulation and Safety ("DMIRS") that it has won a government conducted ballot in regard to Greatland's application for its fourth exploration licence in the Paterson region (E45/5533 Rudall). The Company is also pleased to provide an update on the Company's exploration activities in the Paterson region (excluding the Havieron Farm-in).
Greatland is in a strong financial position with approximately £6 million in cash as at 30 June 2020 and remains well financed to conduct all planned activities over the next 12 months.
Fourth Exploration Licence (E45/5533 Rudall) in the Paterson
· Greatland has received notification from DMIRS that it has won a government conducted ballot in regard to the Company's application for the Rudall licence (E45/5533).
· Consequently, Greatland's application for E45/5533 has priority and will be processed ahead of other competing applications.
· The Rudall licence application covers an area of approximately 65 square kilometres and is located 20 kilometres south-southeast of Greatland's Havieron gold-copper deposit.
· New licence will expand Greatland's landholding in the Paterson region from 385 square kilometres to 450 square kilometres.
· The Rudall licence is considered to be prospective for Havieron and Telfer style gold/copper occurrences.
· Once granted, Greatland expects to complete the acquisition of detailed aeromagnetics, ground gravity and surface geochemistry to enhance preliminary targets already outlined within the Rudall licence.
Greatland's Exploration Activities in the Paterson (excluding the Havieron Farm-in)
· Cultural heritage clearances, which were previously deferred due to COVID-19 concerns (see announcement dated 1 April 2020), are now underway.
· Drilling expected to commence at Greatland's 100%-owned Scallywag prospect area within the next four to six weeks, subject to receipt of heritage approvals.
· The drilling campaign will initially focus on high-priority targets within the Scallywag prospect area including Kraken, Blackbeard and London.
· Once the initial phase of drilling is complete at Scallywag, the Company expects to drill additional high-priority targets on its Paterson Range East licence including Goliath and Los
Drilling Scally!
nm