Greatland Gold PLC (LON:GGP)

The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold.

The board seeks to increase shareholder value by the systematic evaluation of its existing resource assets, as well as the acquisition of suitable exploration and development projects and producing assets.

Exploration:

It is widely recognised in the exploration and mining industry that the next generation of large deposits will come from areas under cover that have not been subject to significant exploration in the past. Based on this understanding, the Company has focused efforts and acquired ground in specific targeted areas.

Exploration work is carried out as a phased, results-based, systematic geological investigation in order to evaluate the mineral resource potential of the project areas. This includes geological mapping, geochemistry and geophysics, where necessary.

Anomalous regions are delineated based on robust geochemical and geophysical anomalies and increased geological understanding of the area. Targets are ranked based on their potential to host gold mineralization.

Risk:

The Company operates in Australia where it has projects located in Western Australia and Tasmania, regions with historic and current world class deposits.

Australia offers an excellent opportunity for developing exploration potential. The country and states have established mining codes, stable government, skilled labour force, and excellent infrastructure, with an established industry in exploration and mining.

The Company is also researching and reviewing projects globally.

Finance:

The company has an industry focused, skilled and experienced board and management team with a track record of delivering high quality exploration results and project development at low costs.

The Company aims to provide shareholder value through capital raising, Joint Venture agreements and realization of exploration targets into resources and reserves.

The principal activity of Greatland Gold plc is to explore for and develop natural resources, with a focus on gold.

It is widely recognised in the exploration and mining industry that the next generation of large deposits will come from areas under cover that have not been subject to significant exploration in the past. Based on this understanding, the Company has focused recent efforts and acquired ground in specific targeted areas.

The company has an industry focused, skilled and experienced board and management team with a track record of delivering high quality exploration results and project development at low costs.

Ernest Giles

Potential to deliver significant shareholder value with the discovery of large +5 mil oz gold and 5-10Mt nickel camps possible in +1800sq km of unexplored Yilgarn Craton. Gold mineralisation of up to 2g/t has been intersected in early drilling.

Paterson

135 square kilometres  in north western Australia. Geophysical data outlined the Havieron prospect as covering approximately 1,000m x 1,000m, at a depth of 400m to top of target. Historic drilling reported gold grades peak at 15.4g/t and copper to 2.5%.

Bromus

93sq km of under-explored greenstone and intrusive granites of the Archean Yilgarn Block at the southern end of the Kalgoorlie-Norsman Belt.  Several geochemical targets identified over 10km of strike prospective for nickel.

Warrentinna

The tenement shows 15km of strike prospective for gold. Drilling result show gold mineralization is from surface, providing potential for an open pittable gold resource. There is exploration potential for the discovery of high-grade shoots beneath known shallow historical workings and within unmined quartz-lodes.

Firetower

62sq km of stratigraphically equivalent Mt. Read Volcanic Sequence rocks with gold and copper targets over a 11km strike length throughout the area.

Panorama

130 sq km considered highly prospective for cobalt mineralisation, with an under-explored cobalt-in-stream anomaly.

Highlights: 

Located just 65km west of Launceston and 35km south of Devonport in northern Tasmania, the Firetower project consists of 62sq km of stratigraphically equivalent Mt. Read Volcanic Sequence rocks.

Firetower consists of one 100% owned tenement with gold and copper targets within approximately 12km of strike of prospective rocks throughout the area.

Its location provides excellent infrastructure and access to a skilled local labour force.

Highlights:

The Warrentinna project is located 60km North-East of Launceston in North-Eastern Tasmania and covers an area of 37sq km with 15km of strike prospective for gold.

Its location provides excellent infrastructure and access to a skilled local labour force.

The host rocks are equivalent to those found in the goldfields in Victoria, south-eastern Australia which have to date produced over 50million oz of gold.

Drilling results show gold mineralization is from surface, providing potential for an open pittable gold resource.

There is exploration potential for the discovery of high-grade shoots beneath known shallow historical workings and within unmined quartz-lodes. There is also potential for the discovery of larger tonnages of lower-grade mineralisation adjacent to quartz lodes.

Highlights:

The Paterson region hosts several large gold and copper deposits such as Telfer (27M oz) and Nifty (2MT copper). The region has been subject to more recent exploration which has outlined several other deposits including Magnum (Au), Calibre (Au), O’Callaghans (Cu) and Maroochydore (Cu).The Paterson Project comprises the Havieron, Black Hills and Paterson Range East licences, covering over 385 square kilometres of under-explored ground in the Paterson Province in Western Australia prospective for iron-oxide-copper-gold (IOCG) and Telfer style gold deposits.

Regional targeting by the Company has highlighted the potential for a new IOCG district with multiple targets identified across the Company’s licences, with recent drilling demonstrating the potential for one such target, Havieron, to represent a very large mineralised system.

Highlights:

The Ernest Giles project is located 250km north-east of Laverton in the Yilgarn in central Western Australia. The project covers over 2,000sq km of unexplored Yilgarn Craton hosting greenstone belts and intrusives with over 210km of strike of prospective rocks.

Greatland believes the project has the potential to deliver significant shareholder value with the discovery of large +5 mil oz gold camps and 5-10Mt nickel deposits.

Highlights:

The Panorama project consists of three adjoining exploration licence applications, covering 155 square kilometres, located in the Pilbara region of Western Australia. in an area that Greatland considers to be highly prospective for gold and cobalt.

The Pilbara region is currently experiencing a surge in gold exploration activity. Greatland has recently identified potential gold targets on both the north-western and southern licence applications (see announcement dated 24 October 2017).

Highlights:

The Bromus project is located 25km south-west of Norseman and 65km south of the historic Chalice gold mine in the southern Yilgarn region of Western Australia.

The Bromus exploration licence covers 93sq km of under-explored greenstone & intrusive granites of the Archean Yilgarn Block at the southern end of the Kalgoorlie-Norsman Belt, host to over 120M oz Au and numerous nickel deposits.

Its location provides access to a skilled local labour force, excellent infrastructure & transport links with highways & a railway line running to the south-east of the licence.

Greatland Gold has identified several geochemical targets over 10km of strike prospective for  nickel and gold.

The board

ALEX BORRELLI, FCA

Non-executive Chairman

 

GERVAISE HEDDLE, CFA

Chief Executive Officer

 

CALLUM BAXTER, MSC (ORE DEPOSIT GEOLOGY), MAIG, MAUSIMM

Chief Technical Director

Senior Management

GEMMA CRYAN, B.SC (HON) CMS, FGS

Geology Manager

Gemma  has over 15 years industry experience in mineral exploration where she has worked with private and public companies throughout North America, Europe, Australasia and Africa. Her time has been spent in the field, and in management roles assisting with corporate matters. Gemma is also a non-executive director of investee company Starvest PLC. 

Significant Shareholders
(notifiable interest 3.0% or above)
Stephen Beetham 121,000,000 (4.0%)

Company Secretary
Stephen F Ronaldson

Registered Office
55 Gower Street
London
WC1E 6HQ UK

Business and Postal Address
1 Adam Street
London
WC2N 6LE  UK

Nominated Advisor (NOMAD)
SPARK Advisory Partners Limited
5 St John’s Lane
London EC1M 4BH UK

Broker
SI Capital Limited
46 Bridge Street
Godalming
Surrey GU7 1HL UK

Registrars
Share Registrars Ltd.
The Courtyard
17 West Street
Farnham
Surrey GU9 7DR UK