Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSVE.L Regulatory News (SVE)

  • There is currently no data for SVE

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Investee Company Greatland Gold PLC Signs Deal

30 May 2017 09:36

RNS Number : 5346G
Starvest PLC
30 May 2017
 

30 May 2017

 

 

 

Starvest Plc ("Starvest" or "the Company")

Investee Company Greatland Gold PLC Signs Deal With Global Gold Producer

 

Starvest PLC (LON:SVE), the London Stock Exchange AIM listed specialist mining and resources investment business, is pleased to provide an update on its investee company Greatland Gold PLC (LON:GGP), which earlier this month announced that it had signed a deal with global gold giant Newmont.

 

Highlights

· Investee company Greatland Gold PLC ("Greatland") signs deal with Newmont Exploration Pty Ltd ("Newmont"), a subsidiary of Newmont Mining Corporation (NYSE:NEM), one of the world's largest gold producers, with respect to Greatland's 100% owned Ernest Giles gold project;

· Newmont is granted a right of first refusal should Greatland wish to sell or joint venture the Ernest Giles project during a six month period;

· Positive results from recent work at Ernest Giles have established Ernest Giles as a new gold province in Western Australia.

 

Callum Baxter, Chairman and CEO commented: "Starvest have supported Greatland for several years after initially investing pre-IPO. The team at Greatland have worked very hard at developing their projects and the recent discoveries at Ernest Giles are very exciting. The tie-up with Newmont validates their technical capability and management skills. We look forward to further news on the activities at Greatland and the Ernest Giles Project.'

 

 

Greatland Gold PLC - Ernest Giles

 

Greatland was admitted to AIM in 2006 and Starvest initially invested pre-IPO following a positive review of their assets and management. After several years of project evaluation and early stage exploration work Greatland has assembled a robust portfolio of gold focussed projects located in Australia. All projects are 100% owned by Greatland or Greatland has the rights to 100% of the projects. The Ernest Giles project is currently a primary focus for Greatland.

 

Ernest Giles is a large gold project in central Western Australia covering over 1,800 square kilometres. The prospective rocks are buried under younger sequences making the area virtually unexplored. Greatland is targeting large +5m ounce deposits at Ernest Giles and in January 2017 announced it had discovered two large zones of gold mineralisation at the Meadows target in the southern portion of the Ernest Giles project highlighting the potential for the Ernest Giles project to host several major gold camps.

 

During May 2017 an agreement was entered into by Newmont Exploration Pty Ltd, a subsidiary of Newmont Mining Corporation, and Greatland Pty Ltd, an Australian-based subsidiary of Greatland Gold plc whereby, for a period of six months a) Greatland Pty Ltd grants Newmont access to the Ernest Giles project tenements and exploration database; and b) Greatland Pty Ltd grants Newmont a right of first refusal should Greatland wish to sell all or part of the Ernest Giles project.

 

The agreement with Newmont represents a major milestone for the Ernest Giles project and Greatland. Newmont are one of the largest global gold producers and for a project to be attractive it must have the capacity for significant upside; in terms of size and profitability. The tie-up demonstrates the potential of the Ernest Giles project and validates Greatland's technical capacity and management skills.

 

Newmont has several proprietary exploration techniques developed in-house some of which are ideally suited to the Ernest Giles project. Newmont will solely fund activities they carry out at Ernest Giles over the coming field season. Additional activities, guided by Greatland, are underway at Ernest Giles to better define drill targets within the vast project area.

 

Starvest continues to closely follow the activities at Greatland and looks forward to additional information from the Ernest Giles project. The involvement of Newmont could result in a fundamental company changing event for Greatland with a possible significant increase in market capitalisation. Starvest is a specialist mining and resource investment company and has the industry knowledge and market exposure to select compelling opportunities early in the investment cycle.

 

 

Callum N Baxter

Chairman & Chief Executive

30 May 2017

 

Enquiries to:

 

Starvest PLC

Callum Baxter Chairman/CEO 07922 255 933 cbaxter@starvest.co.uk

John Watkins Finance Director 07768 512 404 jwatkins@starvest.co.uk

 

Grant Thornton UK LLP (Nomad)

Colin Aaronson or Harrison Clarke 02073 835 100

 

SI Capital Ltd (Appointed Broker)

Nick Emerson or Andy Thacker 01483 413 500

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
NRAWGUPWAUPMURU
Date   Source Headline
29th Nov 20237:00 amRNSCancellation - STARVEST Plc
28th Nov 20237:00 amRNSUpdate on Second General Meeting
23rd Nov 20235:45 pmRNSStarvest
21st Nov 202312:39 pmRNSResult of General Meeting
27th Oct 20237:00 amRNSProposed AIM Cancellation and Notice of GM
9th Oct 20233:43 pmRNSHolding(s) in Company
2nd Oct 20233:07 pmRNSNet Asset Value at 30 September 2023
4th Jul 20237:00 amRNSNet Asset Value(s)
6th Jun 20237:00 amRNSHalf-year Report
13th Apr 20234:32 pmRNSDirector/PDMR Shareholding
3rd Apr 20232:24 pmRNSNet Asset Value at 31 March 2023
21st Mar 202312:17 pmRNSResult of AGM
21st Mar 20237:00 amRNSNet Asset Value at 17 March 2023
8th Feb 20237:00 amRNSNotice of AGM
7th Feb 202312:10 pmRNSFinal Results
3rd Jan 20232:02 pmRNSNet Asset Value(s)
7th Dec 20227:00 amRNSHolding(s) in Company
3rd Oct 20223:02 pmRNSNet Asset Value at 30 September 2022
1st Sep 20227:00 amRNSDirectorate Change
5th Jul 20227:00 amRNSNet Asset Value at 30 June 2022
22nd Jun 202210:43 amRNSHolding(s) in Company
18th May 20222:08 pmRNSHalf-year Report
29th Apr 20227:00 amRNSTotal Voting Rights
19th Apr 20224:40 pmRNSSecond Price Monitoring Extn
19th Apr 20224:35 pmRNSPrice Monitoring Extension
12th Apr 20225:56 pmRNSDirector Dealings Replacement
12th Apr 202211:07 amRNSDirectors Dealings
7th Apr 202211:54 amRNSIssue of Equity, TVR and Directors' Holdings
5th Apr 202210:38 amRNSNet Asset Value at 31 March 2022
22nd Mar 202211:33 amRNSResult of AGM
22nd Mar 20229:02 amRNSNet Asset Value at 21 March 2022
15th Feb 20223:35 pmRNSNotice of AGM
15th Feb 202211:48 amRNSAudited results for the year end 30 September 2021
21st Jan 202211:04 amRNSHolding(s) in Company
4th Jan 20222:20 pmRNSNet Asset Value at 31 December 2021
1st Dec 202110:18 amRNSTotal Voting Rights
16th Nov 202110:54 amRNSIssue of Shares to Directors. Total Voting Rights
4th Oct 20211:27 pmRNSNet Asset Value at 30 September 2021
30th Jul 20217:00 amRNSTotal Voting Rights
27th Jul 202111:00 amRNSIssue of Shares to Directors. Total Voting Rights
1st Jul 202112:15 pmRNSNet Asset Value
30th Jun 20217:00 amRNSTotal Voting Rights
2nd Jun 20212:30 pmRNSIssue of Shares to Directors. Total Voting Rights
26th May 20219:31 amRNSHalf-year Report
6th Apr 20219:48 amRNSNet Asset Value(s)
17th Mar 20215:00 pmRNSDirector Shareholding Notification
16th Mar 20211:20 pmRNSResult of AGM
11th Feb 202112:09 pmRNSNotice of AGM
10th Feb 20217:00 amRNSAudited results for the year end 30 September 2020
20th Jan 202112:50 pmRNSShare Price Movement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.