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Greatland Gold PLC

Greatland Gold outlines its strategy and exploration priorities for 2019

Greatland may have one eye on moving to mid-tier status in the longer-term

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Greatland's drilling has returned world-class gold intercepts at Havieron

Greatland Gold PLC (LON:GGP) has outlined its plans for 2019, following the recent announcement of a US$65mln farm-in agreement with Newcrest to advance the Havieron project.

Greatland plans to leverage the exploration insights gained at Havieron to prioritise and accelerate exploration at key targets across its Paterson licences. 

WATCH: Greatland Gold in a 'tremendous position' as it signs US$65mln Havieron farm-in

Greatland has identified multiple targets within its licences with a similar geophysical signature to Havieron and is working on prioritising those targets for 2019.

The company is currently finalising plans for exploration programmes at Black Hills and Scallywag.

It will also keep its eye out for potential acquisitions and may divest less attractive projects.

There is plenty of money for all this work too. Investment for Havieron has been secured, while Greatland had approximately £4mln in cash as at 31 December 2018.

"We are thrilled with Greatland's progress over the last year which has taken the Company to a new level in its development,” said Gervaise Heddle, Greatland’s chief executive.

“The farm-in agreement with Newcrest represents a cornerstone for Greatland on which we plan to build a large and valuable business focused on potential tier-one gold-copper projects.”

 

 

Quick facts: Greatland Gold PLC

Price: £0.02

Market: AIM
Market Cap: £62.47 m
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