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Greatland Gold plc announced on 13 September 2024 the release of an Investor Presentation. The presentation details Greatland's acquisition of a 70% ownership interest in the Havieron gold-copper project, consolidating its ownership to 100%. It also covers the acquisition of 100% ownership of the Telfer gold-copper mine and other related assets in the Paterson Region.
| Date | 13 Sept 2024 |
| Time | 07:02:00 |
| Category | Miscellaneous |
| ID | 1090E |
Greatland Gold plc (AIM: GGP)
W: https://greatlandgold.com
: twitter.com/greatlandgold
NEWS RELEASE | 13 September 2024
Transformational Acquisition of Havieron & Telfer
Investor Presentation
Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to announce the release of an Investor Presentation for the acquisition by Greatland of a 70% ownership interest in the Havieron gold-copper project (consolidating Greatland's ownership to 100%), 100% ownership of the Telfer gold-copper mine, and other related assets in the Paterson Region.
The presentation is available at https://greatlandgold.com/investors/regulatory-news/.
Contact
For further information, please contact:
Greatland Gold plc
Shaun Day, Managing Director | Rowan Krasnoff, Head of Business Development [email protected]
Nominated Advisor
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368 3550
Corporate Brokers
Canaccord Genuity | James Asensio / George Grainger | +44 207 523 8000
Berenberg | Matthew Armitt / Jennifer Lee | +44 203 368 3550
SI Capital Limited | Nick Emerson / Sam Lomanto | +44 148 341 3500
Media Relations
UK - Gracechurch Group | Harry Chathli / Alexis Gore / Henry Gamble | +44 204 582 3500
Australia - Fivemark Partners | Michael Vaughan | +61 422 602 720
About Greatland
Greatland is a mining development and exploration company focused primarily on precious and base metals.
The Company's flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in joint venture with world gold major, Newmont Corporation.
Havieron is located approximately 45km east of the Telfer gold mine. The box cut and decline to the Havieron orebody commenced in February 2021. Total development exceeds 3,060m including over 2,110m of advance in the main access decline (as at 30 June 2024). Havieron is intended to leverage the existing Telfer infrastructure and processing plant, which would de-risk the development and reduces capital expenditure.
On 10 September 2024, Greatland announced that certain of its wholly owned subsidiaries had entered into a binding agreement with certain Newmont Corporation subsidiaries to acquire, subject to certain conditions being satisfied, a 70% ownership interest in the Havieron gold-copper project (consolidating Greatland's ownership of Havieron to 100%), 100% ownership of the Telfer gold-copper mine, and other related interests in assets in the Paterson region. Completion of the acquisition is subject to the satisfaction of certain conditions precedent and is targeted to occur during Q4 2024.
Greatland has a proven track record of discovery and exploration success and is pursuing the next generation of tier-one mineral deposits by applying advanced exploration techniques in under-explored regions. Greatland has a number of exploration projects across Western Australia and in parallel to the development of Havieron is focused on becoming a multi-commodity miner of significant scale.