RE: Review of 2021 for trolls29 Jun 2022 00:23
Review continued
The finale to an eventful 12 months
1st December
“ the Company issued 82,000,000 new Ordinary Shares for a total consideration of £11,890,000.”
“ The Company's new issued share capital comprises 4,046,547,171 ordinary shares. ”
9th December
Drilling update
“ Potential for a significant upgrade of the Inferred Mineral Resource to an Indicated Mineral Resource”
“ Growth Drilling over 250m below the extent of the Mineral Resource continues to return high grade results”
“ All drill programmes now focused on growth including commencing testing of new additional geophysical targets 2km outside of the Havieron system (Havieron North and Zipa)”
“ The Havieron joint venture has now completed a total of 219,561m of drilling from 266 holes, with all the latest completed holes continuing to intersect mineralisation, and 19 reporting significant mineralisation”
Drill 86W4 our deepest hole
“ Drilling to test geophysical targets outside of the known Havieron system have commenced at Havieron North, and Zipa”
Decline advanced to 245m
Vent shaft due to start late December
Approvals for blind boring underway
21st December
“ Newcrest has issued a notice to Greatland informing it that Newcrest would like to begin the process under the joint venture agreement to seek to agree the option exercise price in the period to mid-February 2022.”
23rd December
Results of the Juri jv campaign
“ With Newcrest moving to Stage 2 funding of the Juri JV programme and Greatland continuing in the role as Manager, we are well positioned to integrate the new data into our models, refine our Juri JV targets and capitalise on this opportunity in 2022, delivering the potential to increase value for our shareholders."