Greatland Gold Regulatory News (GGP)

Criteria

Explanation

Commentary

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.

INDUCED POLARISATION GEOPHYSICAL SURVEY

• A Time Domain Induced Polarisation and DC Resistivity geophysical survey was undertaken during September to October 2019, by Zonge Engineering and Research Organisation Pty Ltd, an independent geophysical acquisition contractor.

• The survey employed the following sampling techniques: Time Domain Induced Polarisation and DC Resistivity geophysical survey.

• The survey used the following sampling equipment:

Method: Induced Polarisation and DC Resistivity

Array: Dipole-Dipole

Geometry: Inline 2D

Receiver a spacing (m): 100, 200

Transmitter a spacing (m): 400

Station Move Up (m): 100

N level: 16ch to 32 ch active

Transmitter Electrode: Two 1x0.3x0.1m aluminium plates

Receiver Electrode: Cu/CuSO4 non-polarising electrodes

Receiver System: GDD 32ch

Transmitter System: Zonge GGT-30 and 2x GDD Tx4

Transmitter Waveform: Square, 2 sec on 2 sec off

Stacking Time (sec): 120

Readings: 3 or more

GROUND GRAVITY GEOPHYSICAL SURVEY

• A ground gravity geophysical survey was undertaken during July to September 2019, by Atlas Geophysics Pty Ltd, an independent geophysical acquisition contractor.

• The survey employed the following sampling techniques: Ground Gravity and DGPS survey.

• The survey used the following sampling equipment:

Method: Ground Gravity and DGPS

Array: 400x200m grids

Gravity Instrument: 2x Scientrex CG-5 Autograv Gravity Meters (SN: 40361, 40240).

DGPS Instrument: 2x Leica System 1200 GNSS Rover Receivers, 1x Leica System 1200 GNSS Base Receiver.

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).

• This release has no reference to previously unreported drill results.

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.

• This release has no reference to previously unreported drill results.

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.

• This release has no reference to previously unreported drill results.

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.

• This release has no reference to previously unreported drill results.

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.

INDUCED POLARISATION GEOPHYSICAL SURVEY

• A Time Domain Induced Polarisation and DC Resistivity geophysical survey was undertaken during September to October 2019, by Zonge Engineering and Research Organisation Pty Ltd, an independent geophysical acquisition contractor.

• The survey consisted of 17.6 line km of data collected along five E-W (090-270) oriented profiles (lines: 7601100N, 7600800N, 7600400N, 7600050N, 7599700N) and one SE-NW (110-290) oriented profile (line: 1000N).

• Data QAQC was completed by the acquisition contractor and verified by an independent consultant geophysicist using industry standard TQIPdb software.

• Data QAQC showed that the obtained data is of moderate quality. Reductions in data quality occurred in areas of thick loose sand cover that resulted in higher contact resistances at current injection sites.

• Modelling of the data was completed by an independent consultant geophysicist using industry standard Zonge2D inversion software.

• The derived subsurface geo-electric models of Chargeability and Resistivity are interpreted with a high degree of confidence.

• This release has no reference to previously unreported drill results, sampling, assays or mineralisation.

GROUND GRAVITY GEOPHYSICAL SURVEY

• A ground gravity geophysical survey was undertaken during July to September 2019, by Atlas Geophysics Pty Ltd, an independent geophysical acquisition contractor.

• The survey consisted of 1180 new gravity stations collected on a 400 x 200m grid. This new survey was designed to infill existing gravity stations for effective 200 x 200m station coverage over the Scallywag prospect.

• Data QAQC was completed by the acquisition contractor and verified by an independent consultant geophysicist using industry standard Windisp software.

• Data QAQC showed that the obtained data is of moderate quality.

• Processing and 3D modelling of the data was completed by an independent consultant geophysicist using industry standard Windisp and 3DMGINV software.

• The derived subsurface geophysical models of density are interpreted with a high degree of confidence.

• This release has no reference to previously unreported drill results, sampling, assays or mineralisation.

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.

• Data QAQC was completed by the acquisition contractor and verified by an independent consultant geophysicist.

• This release has no reference to previously unreported drill results, sampling, assays or mineralisation.

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.

• km = kilometre; m = metre; mm = millimeter; mgal = milligal; msec = milliseconds

• The coordinate system is GDA94 MGA Zone 51S coordinates.

INDUCED POLARISATION GEOPHYSICAL SURVEY

• Garmin Etrex 10 hand-held GPS was used to locate receiver and transmitter electrodes.

GROUND GRAVITY GEOPHYSICAL SURVEY

• Lecia 1200 GNSS DGPS system was used to determine X,Y,Z for each gravity station.

• This release has no reference to previously unreported drill results.

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.

INDUCED POLARISATION GEOPHYSICAL SURVEY

• The survey consisted of 17.6 line km of data collected along five E-W (090-270) oriented profiles (lines: 7601100N, 7600800N, 7600400N, 7600050N, 7599700N) and one SE-NW (110-290) oriented profile (line: 1000N).

• These survey lines are spaced ~400m apart.

• Forward modelling confirmed that the array geometry and dipole sizes were appropriate to detect the mineralization style targeted.

GROUND GRAVITY GEOPHYSICAL SURVEY

• The survey consisted of 1180 new gravity stations collected on a 400 x 200m grid.

• This new survey was designed to infill existing gravity stations for effective 200 x 200m station coverage over the Scallywag prospect.

• Decimation testing of ground gravity data collected over Havieron (100 x 100m) confirmed that the maximum 400 x 200m station spacing is appropriate to detect mineralization style targeted.

• This release has no reference to previously unreported drill results, sampling, assays or mineralisation.

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.

INDUCED POLARISATION GEOPHYSICAL SURVEY

• The survey consisted of 17.6 line km of data collected along five E-W (090-270) oriented profiles (lines: 7601100N, 7600800N, 7600400N, 7600050N, 7599700N) and one SE-NW (110-290) oriented profile (line: 1000N).

• Survey lines were oriented to be approximately perpendicular to regional geological strike whilst avoiding NW-SE trending sand dune ridges.

GROUND GRAVITY GEOPHYSICAL SURVEY

• The survey consisted of 1180 new gravity stations collected on a 400 x 200m grid.

• The grid geometry provides 200m along line station coverage approximately perpendicular to regional geological strike.

• This release has no reference to previously unreported drill results.

Sample security

• The measures taken to ensure sample security.

• This release has no reference to previously unreported drill results.

Audits or reviews

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

INDUCED POLARISATION GEOPHYSICAL SURVEY

• Data QAQC was completed by the acquisition contractor (Zonge Engineering and Research Organisation Pty Ltd) and verified by an independent consultant geophysicist (Montana GIS Pty Ltd).

• QAQC of the derived subsurface geo-electric models of Chargeability and Resistivity was verified by an independent consultant geophysicist (Montana GIS Pty Ltd).

GROUND GRAVITY GEOPHYSICAL SURVEY

• Data QAQC was completed by the acquisition contractor (Atlas Geophysics Pty Ltd) and verified by an independent consultant geophysicist (Montana GIS Pty Ltd).

• QAQC of the processed gravity data and derived subsurface density model was verified by an independent consultant geophysicist (Montana GIS Pty Ltd).

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 license to operate in the area.

• The Scallywag Prospect is located within the following Exploration License:

• E45/4701 (granted)

• Twelve (12) blocks of E45/4701 are subject to farm-in by Newcrest Operations Limited (over the Havieron Prospect).

• Newcrest Operations Limited holds right of first refusal as per Farm-in Agreement dated 12th March 2019.

• No known impediments exist, including a license to operate in the area.

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

• Exploration in the region of the Scallywag Project has involved the following companies:

• The Havieron tenement was first explored in the mid 1980's by Newcrest. The company held the license from 1986 to 1998 and under a Joint Venture with Normandy Exploration ltd from 1998 to 2001.

• The area was briefly held by Croesus Mining NL in 2001-2002 who carried out an historic data review but no ground work and reverted back to Newcrest from 2003-2009. The area was not worked again until 2013 when Ming Gold undertook an historic data review and remodelling with a view to evaluating preliminary resource potential.

• The majority of historic work on the Scallywag area was thus carried out by Newcrest who carried out detailed airborne magnetics, radiometrics and DTM, Landsat data; geochemistry; BLEG and soil vapour surveys; drilling; RAB, aircore and RC, which failed to penetrate the Phanerozoic cover. Six diamond drill holes over the Havieron target (~5km east of Scallywag), all of which penetrated the Permian-Proterozoic basement.

• During 2017 Greatland Pty Ltd undertook detailed ground gravity and MMI surface geochemistry surveys over Scallywag.

Geology

• Deposit type, geological setting and style of mineralisation.

• Paterson Province Geological Setting:

• Proterozoic meta-sedimentary rocks.

• Targeted Mineralisation styles include:

• Iron Oxide Copper Gold (IOCG) and Iron Sulphide Copper and Gold (ISCG).

• Intrusive Related (IRG) and Skarn-style gold and copper.

• Orogenic (vein and reef style) gold;

• Carlin-style gold.

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.

• No drilling has been completed at this stage of the exploration program.

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.

• This release has no reference to previously unreported drill results.

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').

• This release has no reference to previously unreported drill results.

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.

• This release has no reference to previously unreported drill results.

• Diagrams including plan maps, perspective and section views are provided 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.

• Planned further work includes drill testing of selected target areas. These targets have been selected based on magnetic, gravity, induced polarization and surface geochemical data.