Latest News

Greatland Gold boasts transformational year driven by Havieron successes


Greatland Gold PLC (LON:GGP), in its full-year results, boasted a transformational year as the Havieron gold-copper deposit proving to be a “game changer” as a campaign led by operator Newcrest continued to unearth high grade results.

Newcrest has so far drilled some 100,000 metres at the project since May 2019.

“A series of excellent drill results to date from Havieron have continued to extend the footprint of mineralisation, and an initial resource is on track to be delivered before the end of calendar 2020,” Greatland chairman Alex Borrelli said in the results statement.

READ: Greatland Gold sees best intercept to date at Havieron deposit

“Subsequent to the year end, a Mining Lease was granted for the Havieron deposit and work continues at a rapid pace to support the potential commencement of early works activities at Havieron in late 2020 or early 2021.”

Borrelli added: “Our success at Havieron has not dimmed our appetite for discoveries and we are excited by our other exploration prospects, particularly in the Paterson region where Greatland has an entrenched position and is leading a wave of new investment and exploration in the region.”

The pre-revenue company reported a £5.14mln loss for the twelve months ended June 30, and, it finished the financial year with £6.02mln of cash and equivalents.

Frontier IP’s portfolio value surges alongside profit jump

Previous article

FTSE 100 adds to gains; US stocks start higher

Next article

You may also like


Leave a reply

Your email address will not be published.

More in Latest News