Greatland Gold Regulatory News (GGP)

Hole ID

Prospect

Northing

Easting

RL

Hole Depth

Azimuth

Dip

2019FTD001Ext

Firetower

5405314

446077

644

90

360

-60

2019FTD006Ext

Firetower

5405267

446100

623

134

360

-60

2019FTD007

Firetower

5405243

446123

628

98.7

360

-60

2019FTD008

Firetower

5405305

446102

639

50.8

360

-60

2019FTD009

Firetower East

5405100

446602

608

351.4

360

-60

2019FTD010

Firetower

5405308

446128

644

52

360

-60

2019FTD011

Firetower

5405275

446125

635

86.2

360

-60

2019FTD012

Firetower

5405253

446152

640

142.7

360

-60

2019FTD013

Firetower

5405272

446150

640

104.4

360

-60

2019FTD014

Firetower

5405192

446127

611

163

360

-60

Hole ID

From

To

Interval

Au (g/t)

Ag ppm

2019FTD001Ext

No Significant Results

2019FTD006Ext

89.2

91

1.8

1.74

2.8

99

110

11

2.06

5.9

incl

103.5

108

4.5

4.35

8.1

116.5

124.8

8.3

0.53

3.9

incl

119

122

3

0.86

5.2

129.5

130.5

1

0.96

4.5

2019FTD007

48

55

7

1.61

1.9

incl

52

55

3

3.47

1.8

73

80

7

0.21

2.7

86

94

8

0.76

2.8

incl

90.5

93

2.5

1.84

4.6

2019FTD008

5.5

8.5

3

0.63

2.4

14.5

28

13.5

2.00

4.3

incl

17

21.4

4.4

1.45

3.5

incl

23

28

5

3.65

6.7

32

35

3

1.54

4.6

47

48

1

0.21

0.6

2019FTD010

4

12.5

8.5

0.73

1.2

19

20

1

0.24

0.8

29

37

8

0.54

1.7

2019FTD011

0.8

7

6.2

0.31

1.5

14

18

4

0.69

2.4

incl

16

18

2

1.05

3.3

25

38

13

0.60

2.0

incl

25

27

2

1.50

3.9

incl

28

29.5

1.5

0.76

3.6

50

52

2

1.14

1.1

59.5

73

13.5

2.44

5.7

incl

60

61

1

0.99

2.5

incl

64

66.5

2.5

5.92

12.8

incl

69

73

4

3.47

4.2

76.5

83

6.5

0.21

3.1

2019FTD012

38

40

2

0.28

1.5

48

51

3

1.08

8.8

65.5

67.5

2

0.57

4.3

76

102.5

26.5

1.12

2.2

incl

78

80

2

2.21

10.4

incl

84

88.5

4.5

2.41

2.5

incl

89

91

2

2.23

3.4

108.5

109.5

1

0.43

0.6

2019FTD013

11

49

38

1.12

2.4

incl

31

37

6

2.06

3.0

incl

41

45

4

4.37

1.6

73

74

1

0.25

0.4

81

82

1

0.26

0.9

83

84

1

0.45

3.3

2019FTD014

109

110.5

1.5

0.81

9.1

135

141

6

0.40

1.7

Hole ID

From

To

Interval

Au (g/t)

Ag ppm

Zn ppm

2019FTD009

140

146

6

0.01

2.2

2405

2019FTD009

152

160

8

0.00

1.0

2860

2019FTD009

213

227

14

0.02

1.6

1609

2019FTD009

233

234

1

0.07

3.4

3410

2019FTD009

257

276

19

0.02

2.0

1089

2019FTD009

276

277

1

0.47

1.2

460

Criteria

Explanation

Sampling techniques

• Nature and quality of sampling (eg cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down hole gamma sondes, or handheld XRF instruments, etc). These examples should not be taken as limiting the broad meaning of sampling.

• Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.

• Aspects of the determination of mineralisation that are Material to the Public Report. In cases where 'industry standard' work has been done this would be relatively simple (eg 'reverse circulation drilling was used to obtain 1 m samples from which 3 kg was pulverised to produce a 30 g charge for fire assay'). In other cases more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (eg submarine nodules) may warrant disclosure of detailed information.

2019 Diamond Drilling

·; Assays have been received for a further 8 holes and 2 hole extensions. 14 of a 16 hole program have now been reported. In aggregate, ~2,200m of drilling was completed with 14 holes at Firetower and 2 holes at Firetower East.

·; Samples consist of diamond drill core (HQ and NQ sizes) cut in half.

·; All available core was cut and sampled. Sampling interval is generally 1m or 0.5m, but respects geological contacts in places. Sampling was carried out to Greatland internal protocols and QAQC procedures.

·; Entire samples were crushed then pulverised to a nominal 85% passing 75 microns. The resulting pulps were analysed for Au (50g charge, fire assay) and multi-element geochemistry (four acid digest ICP-MS).

·; The method of sampling is industry standard for reporting of Exploration Results.

·; Locations and orientation of 2019 drill holes for this release are tabulated in Appendix I.

Drilling techniques

• Drill type (eg core, reverse circulation, open-hole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (eg core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc).

Diamond Drilling

·; Drilling was undertaken using a track mounted Coretech CSD1800 drill rig. The drill rig is capable of ~1000m NQ.

·; Drill holes were cased with HWT casing to ~3m. HQ sized drill core from 0m to ~20m followed by NQ drill core from 20m to end of hole.

Drill sample recovery

• Method of recording and assessing core and chip sample recoveries and results assessed.

• Measures taken to maximise sample recovery and ensure representative nature of the samples.

• Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material.

·; Length based core recovery is measured from reassembled core for every drill run. Data is recorded into laptop computer using 'LogChief' - geological logging software.

·; Core recovery is very high (97%). The drilling method employed leads to very high recoveries.

·; Due to consistently high recoveries, no relationship between grade and recovery is evident.

Logging

• Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies.

• Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc) photography.

• The total length and percentage of the relevant intersections logged.

·; All drill core/samples were geologically logged for lithology, mineralogy, alteration, veining, sulphide occurrences, structure and geotechnical data. This logging includes both qualitative and quantitative components. All core is digitally photographed.

·; Logging is recorded directly into a laptop computer using 'LogChief' - geological logging software. This software has 'look-up tables' that do not allow for invalid entries. Additional validation is then carried out when data is transferred to Greatlands database managers.

·; All samples are analysed in the field using a pXRF (Olympus Vanta handheld - model VMR) for the purpose of geochemical interpretation.

·; All core is analysed in the field using a Minalyze unit. This collects ultra-high resolution photography, and continuous XRF measurements.

Sub-sampling techniques and sample preparation

• If core, whether cut or sawn and whether quarter, half or all core taken.

• If non-core, whether riffled, tube sampled, rotary split, etc and whether sampled wet or dry.

• For all sample types, the nature, quality and appropriateness of the sample preparation technique.

• Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples.

• Measures taken to ensure that the sampling is representative of the in situ material collected, including for instance results for field duplicate/second-half sampling.

• Whether sample sizes are appropriate to the grain size of the material being sampled.

·; All sampled core was cut with a core saw in a consistent way that preserved the bottom of hole reference line, where present. Sampling interval is generally 1m or 0.5m, but respects geological contacts in places.

·; Sample preparation included drying, crushing and pulverising in full to a nominal 85% passing 75 microns.

·; All staff were adequately trained for all sampling steps, with geologists checking sample sheets prior to loading into the database.

·; The sample sizes are considered appropriate for the style of mineralisation encountered in the region.

·; No field duplicates have been collected/reported.

Quality of assay data and laboratory tests

• The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total.

• For geophysical tools, spectrometers, handheld XRF instruments, etc, the parameters used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc.

• Nature of quality control procedures adopted (eg standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of accuracy (ie lack of bias) and precision have been established.

·; All samples were submitted for preparation at Intertek laboratory Adelaide. Pulp samples were then submitted for analysis to Intertek Perth Laboratory.

·; Au analysis - 50g Fire Assay/ICP-OES (detection limit of 0.005ppm).

·; Multi-Element analysis - four acid digestion ICP-MS (for Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr, Cs, Cu, Fe, Ga, Ge, Hf, In, K, La, Li, Mg, Mn, Mo, Na, Nb, Ni, P, Pb, Rb, Re, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, TI, U, V, W, Y, Zn, Zr).

·; No geophysical tools were used for any element concentrations in this report.

·; All samples are analysed in the field using a pXRF (Olympus M-series) for the purpose of geochemical interpretation. This data is for internal company use only.

·; Quality Control procedures in the field involve the use of certified reference material (CRM's) for assay standards and blanks. Standards and blanks are inserted every 20 samples.

·; No field duplicates have been collected/reported.

Verification of sampling and assaying

• The verification of significant intersections by either independent or alternative company personnel.

• The use of twinned holes.

• Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols.

• Discuss any adjustment to assay data.

·; Significant intersections have been verified by multiple company personnel.

·; No twin holes have been drilled.

·; Logging is recorded directly into a laptop computer using 'LogChief' - geological logging software. This software has 'look-up tables' that do not allow for invalid entries. Additional validation is then carried out when data is transferred to Greatlands database managers.

·; No adjustments have been made to any assay data.

·; Primary assay data is stored in its electronic form, and retained in both original certificate form (.pdf) and text/.csv files.

Location of data points

• Accuracy and quality of surveys used to locate drill holes (collar and down-hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation.

• Specification of the grid system used.

• Quality and adequacy of topographic control.

Location information

·; Drill hole collar locations were surveyed using a handheld Garmin 64ST GPS (accuracy of ± 5m).

·; All coordinates are in GDA94 Zone55.

·; Down hole surveys were conducted every 30m using an Axis Champ Discover survey tool.

·; Topographic control of drill collars utilises handheld GPS information.

Data spacing and distribution

• Data spacing for reporting of Exploration Results.

• Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied.

• Whether sample compositing has been applied.

·; Drill planning at Firetower was designed to reduce spacing to ~15m between sections, and drill all holes in the same orientation (north) for the collection of systematic geological information. Average spacing between drill holes on sections is ~40m.

·; At Firetower East, drilling targeted an IP chargeability anomaly.

·; Historic drilling was of an ad-hoc nature, with average section spacing (east-west) of ~30m (in the main Firetower area), although holes have been drilled both to the north and south so continuity of geological information collected has been sparse.

·; The data spacing is not sufficient to establish a Mineral Resource.

Orientation of data in relation to geological structure

• Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type.

• If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introduced a sampling bias, this should be assessed and reported if material.

·; It is interpreted that the local geology is sub-vertical. The orientation of drill holes is not believed to have introduced any bias in sampling.

·; The orientation of key mineralised structures is unknown.

·; There is presently insufficient information to confirm the true thickness of any mineralised intervals.

Sample security

• The measures taken to ensure sample security.

·; Samples were freighted to the Laboratory using Greatland chain of custody protocols.

·; Verification of sample numbers and identification is conducted by the laboratory on receipt of samples, and sample receipt advise issued to Greatland.

·; Details of all sample movement are digitally recorded. Dates, Hole ID sample ranges, and the analytical suite requested are recorded with the dispatch of samples to analytical services.

Audits or reviews

• The results of any audits or reviews of sampling techniques and data.

·; No audits have been completed.

·; No reviews are considered required due as the project is in early phase of exploration.

Criteria

Explanation

Mineral tenement and land tenure status

• Type, reference name/number, location and ownership including agreements or material issues with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national park and environmental settings.

• The security of the tenure held at the time of reporting along with any known impediments to obtaining a licence to operate in the area.

·; The Firetower Project is located wholly within the following Exploration Licence:

·; EL26/2004 (granted)

·; Greatland Pty Ltd holds a 100% interest in EL26/2004

·; The tenements are in 'good standing' with Minerals Resources Tasmania (MRT).

·; No known impediments exist, including a licence to operate in the area.

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

·; Exploration in the region of the Firetower Project has involved the following companies:

·; Arasco (1970's)

·; CRA (1984)

·; Noranda and Noranda Plutonic JV (1989-1993)

·; Sirrocco (2000)

·; Auriongold (2001-2002)

·; Greatland Pty Ltd (2004-2011)

·; Unity Mining Limited (2011-2014)

·; Greatland Pty Ltd (2015 - current)

Geology

• Deposit type, geological setting and style of mineralisation.

·; The Firetower project lies in the central north of Tasmania within equivalents of the Mt Read Volcanics.

·; Gold mineralisation is hosted in volcanoclastic rocks and manifest as sheeted veins (and breccias) with associated pyrite, haematite, quartz and limonite.

·; At Firetower East, Zinc and Silver mineralisation appears to be associated with an IP chargeability anomaly. Zinc mineralisation occurs as veins and disseminations.

Drill hole Information

• A summary of all information material to the understanding of the exploration results including a tabulation of the following information for all Material drill holes:

• easting and northing of the drill hole collar

• elevation or RL (Reduced Level - elevation above sea level in metres) of the drill hole collar

• dip and azimuth of the hole

• down hole length and interception depth

• hole length.

• If the exclusion of this information is justified on the basis that the information is not Material and this exclusion does not detract from the understanding of the report, the Competent Person should clearly explain why this is the case.

·; A tabulation of the collar details and significant intersections is contained in Appendix I.

·; Reports prepared by Greatland Pty Ltd are available to view on: www.greatlandgold.com

Data aggregation methods

• In reporting Exploration Results, weighting averaging techniques, maximum and/or minimum grade truncations (eg cutting of high grades) and cut-off grades are usually Material and should be stated.

• Where aggregate intercepts incorporate short lengths of high grade results and longer lengths of low grade results, the procedure used for such aggregation should be stated and some typical examples of such aggregations should be shown in detail.

• The assumptions used for any reporting of metal equivalent values should be clearly stated.

• Exploration results are reported by length weighted average.

• Firetower - Significant intersections are reported as minimum length of 1m - greater than or equal to 0.2ppm Au with up to 4m of internal dilution and intervals greater than or equal to 0.5ppm Au with zero metres of internal dilution.

• Firetower East - 2019FTD009 intercepts reported as minimum length of 1m, greater than or equal to 500ppm Zn, with maximum internal dilution of 4m.

Relationship between mineralisation widths and intercept lengths

• These relationships are particularly important in the reporting of Exploration Results.

• If the geometry of the mineralisation with respect to the drill hole angle is known, its nature should be reported.

• If it is not known and only the down hole lengths are reported, there should be a clear statement to this effect (eg 'down hole length, true width not known').

• Down hole lengths are reported, true width is not known.

Diagrams

• Appropriate maps and sections (with scales) and tabulations of intercepts should be included for any significant discovery being reported These should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional views.

• Appropriate diagrams are available with this report.

Balanced reporting

• Where comprehensive reporting of all Exploration Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of Exploration Results.

• The company believes this announcement is a balanced report, and that all material information has been reported.

Other substantive exploration data

• Other exploration data, if meaningful and material, should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples - size and method of treatment; metallurgical test results; bulk density, groundwater, geotechnical and rock characteristics; potential deleterious or contaminating substances.

• Previous exploration results included in this announcement can be found on the company website: www.greatlandgold.com

Further work

• The nature and scale of planned further work (eg tests for lateral extensions or depth extensions or large-scale step-out drilling).

• Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.

• Further results are awaited for the remaining holes.

• Planned further work includes geological and geochemical investigation of drill results with the aim of developing a 3D geological model of the project.