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Share Price: 7.45

Bid: 7.30

Ask: 7.60

Change: 0.13 (1.78%)

Spread: 0.30 (4.11%)

Open: 7.30

High: 7.80

Low: 7.45

Prev. Close: 7.32

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Greatland Gold fully funded to follow "excellent" drilling results

Mon, 04th Mar 2019 13:51

(Sharecast News) - Greatland Gold's shares climbed on Monday after the company reported "strong progress" across its key projects over the first half of the year, including "excellent" drilling results.At 31 December the company had cash and cash equivalents of approximately £4.0m, up from £3.6m at the same point the year before, which it said will enable it to pursue multiple targeted exploration campaigns across its key projects over the next 12-18 months.This will include follow-up work on Havieron, where Greatland drilled a "world-class" intercept of 275 metres grading 4.77grams gold and 0.61% copper, as well as an overall acceleration of plans across the Paterson region after the company raised £2.65m in a strategic financing.Gervaise Heddle, chief executive of Greatland, said: "Most notably, we recorded exceptional drilling results in the Paterson, making clear the potential for Havieron to become a large-scale underground mining operation. We have also added financial stability through a successful fundraising and the company is well capitalised to sustain our momentum in the second half of the year."Works will also continue at Black Hills, where the AIM traded company discovered multiple gold nuggets and gold pieces in bedrock at surface, as well as the Ernest Giles and Firetower projects."Looking ahead, the company is in a strong position to pursue its strategy of advancing exploration across its portfolio of quality projects as well as identifying and acquiring new under-explored projects with the potential to become large multi-million ounce deposits," said Heddle.Greatland is yet to generate any revenue as its projects remain in the development stage.Greatland Gold's shares were up 7.97% at 2.00p at 1638 GMT.

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30 May 2023 15:38

Greatland inks farm-in and joint venture with Rio Tinto

(Sharecast News) - Greatland Gold announced the signing of a farm-in and joint venture arrangement with Rio Tinto on Tuesday, which it said would expedite exploration efforts across 1,884 square kilometres of highly prospective tenure within the Paterson Province of Western Australia, known as the Paterson South Project.

30 May 2023 11:43

Greatland Gold signs with Rio Tinto for Western Australia expansion

(Alliance News) - Greatland Gold PLC on Tuesday said it entered a farm-in and joint-venture deal with Rio Tinto Exploration Pty Ltd to expand its tenure in the Paterson province in Australia.

16 May 2023 20:01

IN BRIEF: Greatland Gold confirms ASX listing remains on track

Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Notes article published in The Australian Financial Review's Street Talk column today titled "Greatland ramps up listing preparations, BofA nabs role". Confirms that consistent with announcement on May 2, the company is continuing to advance preparations for a cross-listing on the ASX and that this is targeted to occur during the September 2023 quarter. Says ASX listing preparations remain on track. Advises no decision has been made as to whether to conduct a capital raise, nor has it formally mandated any investment banks in connection with the listing.

16 May 2023 11:20

Greatland clarifies ASX listing progress after Australian press speculation

(Sharecast News) - Mining company Greatland Gold responded to an article published in the Australian Financial Review on Tuesday, which suggested it had enlisted the services of Bank of America to facilitate its listing on the ASX.

2 May 2023 11:41

Greatland adds Australian director ahead of possible ASX listing

(Sharecast News) - Greatland Gold announced the appointment of Yasmin Broughton as an independent non-executive director on Tuesday, effective immediately.

27 Apr 2023 09:01

Greatland Gold reports positive progress at Havieron

(Sharecast News) - Gold and copper explorer and developer Greatland Gold released a positive exploration and development update for its flagship Havieron gold-copper project in the Paterson region of Western Australia on Thursday - a joint venture with Newcrest Mining, which holds a 70% stake.

20 Apr 2023 17:23