Last checked at 16 May 2023 08:10
Greatland Gold plc (AIM: GGP)
E: info@greatlandgold.com
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 16 May 2023
ASX Listing - Response to media article
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc (AIM:GGP; Greatland or Company) refers to an article published in The Australian Financial Review's Street Talk column today titled "Greatland ramps up listing preparations, BofA nabs role" (AFR Article).
The AFR Article reports that Greatland has appointed Bank of America to assist with its listing on the Australian Securities Exchange (ASX) and that the Company is seeking to raise between A$50 million and A$100 million.
Greatland confirms that consistent with its most recent RNS Announcement titled "Non-Executive Director Appointment and ASX Listing Update" dated 2 May 2023, 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 subject to required approvals (ASX Listing).
Greatland confirms that its ASX Listing preparations remain on track and it has been evaluating whether to conduct a potential equity capital raising as part of that process.
Whilst preliminary discussions have been held with investment banks, Greatland advises that the Company has not made any decision as to whether to conduct a capital raising nor has it formally mandated any investment banks in connection with the ASX Listing.
Greatland will keep shareholders informed on all material developments as it continues to evaluate and progress the ASX Listing as and when required by AIM Rules.
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | info@greatlandgold.com
Nominated Adviser
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368 3550
Corporate Brokers
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
Canaccord Genuity | James Asensio / Patrick Dolaghan | +44 207 523 8000
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341 3500
Media Relations
Australia - Fivemark Partners | Michael Vaughan | +61 422 602 720
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry Gamble | +44 204 582 3500
About Greatland
Greatland is a mining development and exploration company focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in joint venture with ASX gold major, Newcrest Mining Limited (Newcrest).
Havieron is located approximately 45km east of Newcrest's existing Telfer gold mine. The box cut and decline to the Havieron orebody commenced in February 2021 and continues to accelerate with project record advancement achieved in the December 2022 quarter. Havieron is intended to leverage the existing Telfer infrastructure and processing plant. Access to Telfer will de-risk the development, reduce capital expenditure and lower the project's carbon footprint.
Greatland has a proven track record of discovery and exploration success and is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. Greatland has a number of exploration projects across Western Australia and in parallel to the development of Havieron is focused on becoming a multi-commodity miner of significant scale.