Greatland Gold PLC - London-based development and exploration company, specialising in one-tier gold and copper deposits in Australia - Says Newcrest Mining Ltd, its joint venture partner, will become Juri's manager from July 1. The Juri JV is an unincorporated JV between Greatland, which holds 49%, and Newcrest which holds 51%. The JV was formed in November 2020 to accelerate exploration at the Paterson Range East and Black Hills exploration licences.
Greatland Managing Director Shaun Day says: "Greatland and Newcrest are two of the largest landholders in the Paterson Province. We welcome Newcrest elevating its engagement and interest in the Juri Joint Venture property. Our partnerships at Havieron and Juri are central to unlocking the full potential of the Paterson Province. Greatland strongly believes in the prospectivity of the Juri Joint Venture tenure and will continue to be an active participant following the upcoming management transition."
Current stock price: 7.9 pence each, down 1.3% on Thursday afternoon in London
12-month change: down 32%
By Xindi Wei, Alliance News reporter
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Greatland Gold (GGP)