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.

Soil Sampling

• Soil samples were collected by hand using a plastic scoop. 468 samples were collected.

• Standard sample depth was ~20cm.

• All samples were sieved to -2mm, with sample weights of ~300 grams.

• Sampling density was 100m x 50m and 200m x 50m across 39 east-west traverses.

• Sample locations were recorded by handheld GPS which has an accuracy of ± 5m.

Airborne Geophysical Survey

Aircraft Type

• Cessna 206

Acquisition system

• High speed digital data acquisition system.

• Sample rates up to 20 Hz

• Integrated Novatel OEM DGPS receiver providing positional information, to tag incoming data streams in addition to providing pilot navigation guidance

• High precision caesium vapour magnetometer

• Visual real time on-screen system monitoring / error messages to limit re-fights due to equipment failure

Magnetometers

• Tail sensor mounted in a stinger housing.

• Model / Type - G-823 caesium vapour magnetometer

• Resolution - 0.001 nT resolution

• Sensitivity - 0.01 nT sensitivity

• Sample Rate - 20 Hz (approximately 3.5 m)

• Compensation - 3-axis fluxgate magnetometer

Gamma-Ray Spectrometer

• RSI RS-500 gamma-ray spectrometer, incorporating 2x RSX-4 detector packs.

• Total Crystal Volume: 32 L

• Channels: 1024

• Sample Rate: 2 Hz

• Multi-peak automatic gain stabilisation

Magnetic Base Stations

• GEM GSM-19 Overhauser and Scintrex Envi-Mag proton precession base station magnetometers.

• Resolution - 0.01 / 0.1 nT

• Accuracy - 0.1 / 0.5 nT

• Sample Rate - 1.0 / 0.5 Hz

• The GEM GSM-19 sampling at 1 second was used for all corrections.

See below for addition airborne mag-spec survey details.

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).

• No drilling results are reported in this release.

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 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.

• Samples will not be used for Mineral Resource Estimation, metallurgical or mining studies.

• No logging was undertaken.

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.

• No drilling undertaken or reported.

Soil Sampling

• Samples were collected from the soil profile, with samples stored in industry standard soil sampling bags.

• Sample sizes are considered appropriate to correctly represent the style of mineralisation sought.

Airborne Geophysical Survey

• See below for airborne magnetic survey details.

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.

• No drilling undertaken or reported.

Soil Sampling

• No geophysical tools were used to determine element concentrations.

• All samples were analysed by Intertek Perth Laboratories.

• Samples were dried and pulverized to 75 microns.

• Soil analysis - Samples were analysed for gold via AR25/MS (aqua-regia digestion).

• No standards or blanks were inserted.

• Intertek Perth Laboratories include certified reference material, blanks and replicates in every sample batch.

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.

• No drill samples are reported in this release.

Soil Sampling

• The soil geochemical results have been visually verified by the Exploration Manager.

Airborne Geophysical Survey

• Internal quality control completed by MAGSPEC Airborne surveys syn and post acquisition flight(s)

• Externally quality control completed by Merlin Geophysics Pty Ltd.

• Data deemed to be of high quality.

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.

Soil Sampling

• All samples reported were located using hand-held GPS.

• Grid system used - MGA94, Zone 50.

• Topographic control uses handheld GPS elevation data.

Airborne Geophysical Survey

Location information

• Integrated Novatel OEM719 DGPS receiver:

• L1/L2 + GLONASS Multi Frequency .

• 555-channel.

• All data were synchronised to a one pulse per second triggered by the GPS time.

Height Information

• Bendix/King KRA 405 radar altimeter

• Resolution - 0.3 m

• Sample Rate - 20 Hz

• Range - 0-760 m

• Renishaw ILM-500R laser altimeter

• Resolution - 0.01 m

• Sample Rate - up to 20 Hz

• Range - 0-500 m

• 50m traverse E-W orientated line spacing

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.

Soil Sampling

• No sampling compositing has been applied.

• This sampling is not designed for Mineral Resource Estimation.

• Sample traverses were oriented east-west perpendicular to strike of local geology.

• 39 east west traverses were completed at a density of 100m x 50m and 200m x 50m.

Airborne Geophysical Survey

• 50m traverse E-W orientated line spacing.

• 500m tie N-S oriented line spacing.

• Nominal sensor height 30m.

• Magnetometer: 20Hz sample rate (~3.5m).

• Spectrometer: 2Hz sample rate (~0.35m).

• Altimeter: 20Hz sample rate (~3.5m).

• GPS: 2Hz sample rate (~0.35m).

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.

Soil Sampling

• Possible structures/or structures controlling mineralisation in the project area are not known at this stage.

• Data spacing (sample sites and traverses) is considered appropriate to define geochemical anomalies.

• No orientation based data bias has been identified.

• The project area is prospective for Archean lode style gold mineralisation.

Airborne Geophysical Survey

• GPS: 2Hz sample rate (~0.35m).

• Traverse flight lines oriented 090-270° roughly perpendicular to regional geological strike.

• Tie lines oriented 000-180°.

Sample security

• The measures taken to ensure sample security.

Soil Sampling

• Contractors were employed to collect the soil samples.

• Samples were delivered by road transport to Perth Intertek Laboratories using Greatlands internal chain of custody protocols.

Airborne Geophysical Survey

• N/A

Audits or reviews

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

• No audits of reviews have been conducted.

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 Panorama project consists of three adjoining licences, covering approximately 155 square kilometres, located in the Pilbara region of northern Western Australia.

• Geochemical samples mentioned in this report are located on E45/4936 and E46/1170 - which are 100% owned by Greatland Pty Ltd.

• Airborne geophysical survey mentioned in this report are located on E45/4936, E46/1170, E4601166.

• There are no known impediments including a licence to operate in the area.

Exploration done by other parties

• Acknowledgment and appraisal of exploration by other parties.

• Historic exploration by other parties -

• Anglo American Corporation (1970's)

• Alcoa of Australia (1985)

• Bacome Pty Ltd (1993)

• Great Southern Mines (1997)

Geology

• Deposit type, geological setting and style of mineralisation.

• Archean lode 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.

Soil Sampling

• No averaging techniques or cut off grades are reported.

• No top cuts have been applied.

• No metal equivalent grades are reported.

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').

Soil Sampling

• Due to the nature of the survey type, no information regarding the geometry of mineralisation can be obtained.

• Samples reported have been collected from the surface and display surface geochemical signatures.

• No down hole lengths have been reported.

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.

Soil Sampling

• A plan map of gold in soil geochemical sample locations accompanies this announcement.

Airborne Geophysical Survey

• A plan map of reduced to pole magnetic intensity in nanotesla accompanies this announcement.

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.

• Ongoing work may include further reconnaissance prospecting, geological mapping, additional grid based soil sampling and possible local geophysical surveys to assist in structural and geological interpretation of the project area.