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(GGP) Greatland Gold Share Chat

Discussion in 'General Share Chat (GGP)' started by Makaira88, Apr 3, 2016.

  1. Groucho

    Groucho Member

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    12 March 2019


    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).


    Greatland Gold plc

    ("Greatland" or "the Company")


    Greatland Gold SignsUS$65mFarm-In Agreement with Newcrest to Advance Havieron



    Farm-in agreement includes Joint Venture and Tolling Principles which reflectthe intention of both parties that, subject to a successful exploration program and positive Feasibility Study outcome, ore from the proposed Havieron Joint Venture will be toll processed at Newcrest's Telfer Gold Mine

    Additionally, during the farm-in period, Newcrest will have a first right of refusal over the remainder of Greatland's Paterson project (Black Hills, Paterson Range East and remaining areas of Havieron licence)

    Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce that the Company, and its wholly-owned subsidiary Greatland Pty Ltd, have signed a farm-in agreement with Newcrest Operations Limited ("Newcrest"), a wholly owned subsidiary of Newcrest Mining Limited (ASX:NCM),Australia'sleading gold producer and one of the world's largest gold mining companies, to explore and develop Greatland's Havieron gold-copper project in the Paterson region ofWestern Australia(the "Farm-In Agreement").


    Highlights of the Farm-In Agreement

    · Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target (the "Tenement Blocks") by spending up toUS$65m(roughly£50mor AUD$90m) and completing a series of exploration and development milestones in a four-stage Farm-in over six years.

    · After meeting the milestones in the four-stage Farm-in (set out below), Newcrest has the option to acquire an additional 5% interest at fair market value taking Newcrest's interest in the Farm-in to 75%.

    · Newcrest will have the right but not the obligation to acquire up to an initial 70% Farm-in Interest inthe Tenement Blocks in accordance with the following four-stage farm-in procedure:

    o Stage 1:Newcrest incursUS$10 millionin expenditure (inclusive of the Minimum Commitment ofUS$5 million) in relation to the Tenement Blocks (the "Stage 1 Commitment") within a period of 12 months;

    o Stage 2:If Newcrest incurs an additionalUS$10 millionin expenditure in relation to the Tenement Blocks (the "Stage 2 Commitment") within a period of 12 months from the date following satisfaction of the Stage 1 Commitment, Newcrest will earn a 40% Farm-in interest;

    o Stage 3:If Newcrest incurs an additionalUS$25 millionin expenditure in relation to the Tenement Blocks and delivers a Pre-Feasibility Study for a project on the Tenement Blocks (the "Stage 3 Commitment") within a period of 24 months from the date following satisfaction of the Stage 2 Commitment, Newcrest will earn an additional 20% Farm-in Interest (cumulative 60% Farm-in interest);

    o Stage 4:If Newcrest completes and delivers, or incurs no less thanUS$20 millionin expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks (the "Stage 4 Commitment") within a period of 24 months from the date following satisfaction of the Stage 3 Commitment, Newcrest will earn an additional 10% Farm-in Interest (cumulative 70% Farm-in interest).

    · Newcrest must incurUS$5min expenditure within 12 months of the Farm-in commencing (the "Minimum Commitment").

    · Newcrest will act as Manager during the Farm-in period and it is expected that drilling at Havieron will recommence in April 2019, under Newcrest's management and at Newcrest's expense, and subject to Newcrest receiving all required regulatory and heritage approvals.

    · The current intention of both parties is that, subject to a positive Feasibility Study outcome, the ore from the proposed Havieron Joint Venture will be toll processed at Newcrest's Telfer Gold Mine ("Telfer"), which sits approximately 45km to the west of Havieron, delivering material economic and operational benefits for both parties. These include:

    o lower upfront capital costs (no requirement to build a new processing plant);

    o ability to leverage all existing infrastructure at Telfer (roads, airport, power, water);

    o reduced time to production and first cash flows; and

    o potential for a significantly higher net present value for the project than if a new processing plant and supporting infrastructure was required.


    During the Farm-in period, Newcrest will have a first right of refusal over the Black Hills (E45/4512) and Paterson Range East (E45/4928) licences. Additionally, during the Farm-in period and the term of the proposed Joint Venture, Newcrest will have a first right of refusal over those blocks within the Havieron licence (E45/4701) not included in the Tenement Blocks.


    A link to the map of theTenement Blocks and Greatland's Paterson licences can be found on the Greatland Gold website at:https://greatlandgold.com/paterson/


    Gervaise Heddle, Chief Executive Officer of Greatland Gold, commented:"We are delighted to welcome Newcrest as our chosen partner for accelerating the exploration and development of Havieron. Greatland will receive tremendous benefit from Newcrest's experience as a developer and producer at Telfer and Newcrest's broader understanding of the geology of the Paterson region. We believe that this deal represents a win-win for both parties due to the potential for significantly reduced capital costs and increased efficiency resulting from ore being toll processed at Newcrest's nearby Telfer mine. Moreover, Newcrest's expertise should help fast track Havieron through to a completed Feasibility Study and, subject to positive outcomes, into production and positive cash flow.


    "The terms of the Farm-in agreementrecognise both the exciting potential of the Havieron project andthe significant value that has been added to the project through a series of systematic exploration campaigns by Greatland since it was acquired in September 2016. Additionally, we believe that Newcrest's first right of refusal over the remainder of Greatland's Paterson project (the Black Hills and Paterson Range East licences and the areas of the Havieron licence not included in the Tenement Blocks) represents a strong endorsement of the attractiveness and prospectivity of our licences in the region.


    "In summary, we are very excited about the future of Havieron and the Paterson region more generally and we believe that this agreement with Newcrest will serve as a foundation on which we can build Greatland into a large and successful business delivering significant returns to our shareholders."


    Fraser MacCorquodale, Newcrest General Manager Exploration, commented:"We are excited to partner with Greatland Gold on this opportunity. The Paterson province is a great place for gold-copper ore bodies. Leveraging our existing operations at Telfer represents an opportunity to create value for both companies and their shareholders."



    Terms of the Farm-in Agreement


    Tenement Blocksmeans the following 12 blocks within E45/4701:

    1472 n, s, x, o, t, y, p, u, z,

    1473 v, q, l


    Remainder Tenementsmeans the part of the Tenements comprised by (a) exploration tenements E45/4512 and E45/4928; and (b) the remaining tenement blocks within E45/4701 that are not Tenement Blocks.


    Newcrest will have the right but not the obligation for it or its nominated related body corporate to acquire up to an initial 70% Farm-in Interest in accordance with the four-stage farm-in procedure as follows:


    (Stage 1 Farm-in) Newcrest (and/or its related bodies corporate) incursUS$10 millionExpenditure (inclusive of the Minimum Commitment) in relation to the Tenement Blocks (theStage 1 Commitment) within a period of 12 months from the Farm-in Start Date (Stage 1 Period);


    (Stage 2 Farm-in) if Newcrest (and/or its related bodies corporate) incurs an additionalUS$10 millionby way of Expenditure in relation to the Tenement Blocks (the Stage 2 Commitment) within a period of 12 months from the date following satisfaction of the Stage 1 Commitment (Stage 2 Period), Newcrest will have the right, but not the obligation, for it or its related body corporate nominee, to acquire a 40% Farm-in Interest (theStage 2 Interest) for no additional consideration;


    (Stage 3 Farm-in) if Newcrest (and/or its related bodies corporate) incurs an additionalUS$25 millionby way of Expenditure in relation to the Tenement Blocks and delivers a Pre-Feasibility Study for a project on the Tenement Blocks (theStage 3 Commitment) within a period of 24 months from the date following satisfaction of the Stage 2 Commitment (theStage 3 Period), Newcrest will have the right, but not the obligation, for it or its related body corporate nominee to acquire an additional 20% Farm-in Interest (theStage 3 Interest) for no additional consideration;


    (Stage 4 Farm-in) if Newcrest (and/or its related bodies corporate) completes and delivers, or incurs no less thanUS$20 millionby way of Expenditure toward the carrying out of, a Feasibility Study for a project on the Tenement Blocks (theStage 4 Commitment) within a period of 24 months from the date following satisfaction of the Stage 3 Commitment (theStage 4 Period), Newcrest will have the right, but not the obligation, for it or its related body corporate nominee to acquire an additional 10% Farm-in Interest (theStage 4 Interest) for no additional consideration; and


    (Additional Farm-in) within a period of 12 months from the date following satisfaction of the Stage 4 Commitment (Additional Period), Newcrest shall have an option exercisable by written notice to the Company for it or its related body corporate nominee to acquire an additional 5% Farm-in Interest at fair market value.


    Expenditure incurred in connection with the Feasibility Study that is in excess ofUS$20 millionshall be funded by the Parties in proportion to their respective Participating Interests in the Joint Venture at the relevant time the Feasibility Study is delivered, in accordance with the terms of the Joint Venture Agreement.


    Newcrest must incur Expenditure of not less thanUS$5 million(Minimum Commitment) within 12 months ofreceiving all required regulatory and heritage approvals. Nothing in the Farm-in Agreement or the Joint Venture Agreement obliges Newcrest to incur Expenditure greater than the Minimum Commitment.


    Newcrest shall have the option to extend any or all of the Stage 1 Period, the Stage 2 Period, the Stage 3 Period and / or the Stage 4 Period provided that the extension of time does not exceed 12 months for any one Farm-in Stage, and 24 months in aggregate for all Farm-in Stages.


    During the Farm-in Period, Newcrest will act as the Manager with respect to the Tenement Blocks.After the Farm-in Period, the Participant with the majority Participating Interest in the Joint Venture will be the Manager of the Joint Venture.During the Farm-in Period, and prior to entry into a Joint Venture and the establishment of a management committee, the Parties shall establish a Technical Committee comprising of one or more representatives nominated by each of Newcrest and Greatland.



    The Pre-Feasibility Study and Feasibility Study for any project on the Tenement Blocks will consider the potential for the toll processing of ore from that project (JVProject) at the Telfer Gold Mine.If the Feasibility Study determines that toll processing at the Telfer Gold Mine is the preferred method for refining Minerals from the JV Project, then, subject to certain conditions and agreement of final tolling terms,the JV Project developed by the Joint Venture will toll process its ore at the Telfer Gold Mine processing facilities.


    Right of First Refusal: If Greatland receives a bona fide offer from a third party purchaser to farm-in or otherwise acquire all or part of its right, title and interest in the Remainder Tenements, the Company must first make an offer on the same terms to Newcrest.The right of first refusal will only apply and be binding on the parties (a) in respect of any area of Tenement E45/4701, during the Farm-In Period and for the term of the Joint Venture Agreement; and (b) in respect of Tenements E45/4512 and E45/4928, for the duration of the Farm-In Period.
     
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  2. Groucho

    Groucho Member

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  3. tricombe

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  4. Groucho

    Groucho Member

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    Newcrest’s Chief Development Officer, Michael Nossal, said “We are excited to enter into this partnership with Greatland Gold on their Havieron licence. Greatland Gold’s exploration to date has intersected significant mineralisation only 45km from Telfer’s extensive infrastructure and processing capacity. Further exploration at Havieron is in line with our strategy in Australia of looking under-cover and it is becoming more and more evident that the Paterson region is highly prospective for under-cover discoveries. Having existing infrastructure centred in this highly prospective region shows the latent option value embedded at Telfer.”
     
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  5. tricombe

    tricombe Member

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  6. BigP

    BigP Keeping the Faith

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    RNS
    Today 13:10
    Primorus Investments plc (AIM: PRIM, NEX: PRIM) is pleased to advise shareholders that its investee company Greatland Gold PLC ("Greatland"; AIM: GGP) has today announced a US$65m, (GBPGBP50m) farm-in agreement ("the Agreement") with Australia's leading gold producer and one of the world's largest gold mining companies, Newcrest Mining Limited ("Newcrest"; ASX: NCM).
    Primorus owns 37m shares in Greatland, representing approximately 1.15% of its issued share capital in Greatland, purchased at weighted average price of 1.71p per share.
    The key terms of the Agreement as set out in the announcement released by Greatland this morning stipulate that Newcrest has the right to acquire up to a 70% interest in 12 blocks within E45/4701 that cover the Havieron target by spending up to US$65m (roughly GBP50m or AUD$90m) and completing a series of exploration and development milestones in a four-stage Farm-in over six years.
    Full details of today's announcement can be reviewed on the Greatland RNS newsfeed available on the London Stock Exchange website and on the Greatland website at https://greatlandgold.com/.
    Alastair Clayton, Executive Director, commented on the Agreement announced this morning: "We believe this US$65m farm-in agreement with Newcrest is an incredible result for Greatland and by default Primorus shareholders. Our investment mandate is to identify, risk assess and then invest early in opportunities where others may seek to wait. We believe today's announcement is a vindication of that strategy and will prove to be transformational for Greatland and value accretive for Primorus."
    "We note the deal includes the contemplation of using Newcrest's existing Telfer Mine as a toll-treat facility to support any future mining opportunities at Havieron, potentially reducing any future large capital expenditure requirements and the many years needed to permit and build a commercial mine.
    "In short this farm-in has, in my opinion, the potential to open up the entire Havieron region to commercial mining in a time frame and cost that stand-alone operations could never compete with."
    He added: "I am immensely pleased that we have been to provide our shareholders with exposure to what we believe is an excellent opportunity. We will continue to hold our shares in Greatland and, funds permitting, add to our position in the future as we believe they remain hugely undervalued".
     
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  7. BigP

    BigP Keeping the Faith

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    Greatland Gold's Newcrest tie-up is huge
    by Graeme Evans from interactive investor | 12th March 2019 12:46


    A stock for "seasoned mining sector fans, it's one to follow," we said. The shares have now doubled.

    [​IMG]
    As the only AIM-listed explorer in one of the most exciting mining territories in Australia, Greatland Gold (LSE:GGP) has rightly been attracting plenty of interest in recent months.

    That enthusiasm stepped up a level today when Greatland announced a joint venture with mining giant Newcrest to develop its Havieron licence, which is only 45km from Newcrest's Telfer infrastructure and processing capacity in the Great Sandy Desert of Western Australia.

    During the farm-in period for Havieron, Newcrest will also have first right of refusal over the rest of Greatland's Paterson gold and copper project, which includes Black Hills where prospectors were able last year to bend down and pick nuggets off the ground.

    Newcrest — Australia's leading gold producer and one of the world’s largest gold miners — said it was "more and more evident" that the Paterson region is highly prospective for under-cover discoveries, highlighting the value of still having infrastructure in the region.

    - Greatland Gold interview: Finding the mother lode

    The Telfer facility has been owned by Newcrest since the 1970s but is nearing the end of its life, having produced millions of ounces of gold. Limited drilling was conducted by Newcrest at Havieron during the 1990s and early 2000s where six holes were drilled with some success.

    It is expected that drilling at Havieron will start as soon as next month, under Newcrest's management and expense. There is a minimum commitment of US$5 million over an initial 12-month period, with the potential for Newcrest to earn up to a 70% joint venture interest through expenditure of $65 million over a six-year period.

    [​IMG]
    Source: TradingView (*) Past performance is not a guide to future performance

    Greatland's CEO Gervaise Heddle said there was "tremendous benefit" in harnessing Newcrest's Telfer experience and its understanding of the geology of the Paterson region.

    He added:

    "We believe that this deal represents a win-win for both parties. Newcrest's expertise should help fast track Havieron through to a completed feasibility study and, subject to positive outcomes, into production and positive cash flow."

    Shares in Greatland, which has been listed on AIM since July 2006, jumped as much as 38% in early trade to 2.54p, not far off an eight-year high.

    They had not traded above 1p for over five years until October 2017 when a flurry of activity quadrupled the price to a peak of 2.4p in early January. As well as Paterson, the company has five other exploration projects in Australia, including two in Tasmania.

    Its strategy is based on the belief that the next generation of large deposits will come from areas under cover that have not been subject to significant exploration in the past. It will be hoping to meet the demands of mining majors, who are increasingly focused on projects of scale.

    When we spoke to Heddle in September, the former fund manager at Merrill Lynch said there was a "real buzz" in the region due to speculation about the potential for Rio Tinto (LSE:RIO) to deliver a massive copper discovery. The mining giant reported last month that the results of initial drilling at a site just 130 km from Telfer had been encouraging.

    As with all such exploration stocks, Greatland is high risk. But for adventurous and seasoned mining sector fans, its current momentum means it may be one to follow.

    *Horizontal lines on charts represent levels of previous technical support and resistance.
     
  8. tricombe

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    http://www.cityam.com/274559/aim-listed-greatland-teams-up-australias-largest-gold-miner

    Aim-listed Greatland teams up with Australia's largest gold miner Newcrest




    [​IMG]
    Newcrest already explored part of the prospect around two decades ago (Source: Getty)

    London-listed Greatland Gold has reached an agreement to partner with one of the world’s largest gold miners as it looks to explore its most important Australian prospect.

    Newcrest has signed a deal giving it the right to acquire up to 70 per cent of its Havieron target for $65m (£50m) over six years, the company announced today.

    Read more:Greatland Gold's share price soars after gold discovery

    The deal is divided into four stages which split Newcrest’s commitments into two $10m investments, one $25m and one $20m.

    The funds will help Greatland drill during phase one and two, before carrying out feasibility studies in the final stages.
    It is “very difficult” to tell how much cash might be needed to start producing from the mine, chief executive Gervaise Heddle toldCity A.M.

    However, cooperating with Newcrest, which has a processing plant at the Telfer mine less than 30 miles away, will cut costs.

    “It’s significant capital, but it’s going to be probably a lot less than it would otherwise be if we had to build a plant. I’m not sure if it’s half the amount or maybe a third of the amount, but certainly there’d be a very significant saving in terms of upfront capital,” Heddle said.

    He said Newcrest will bring expertise to the table as well as its money.

    The firm, which has been listed on London’s Aim since 2006 has had questions about a dual listing elsewhere, Heddle said.

    “We don't think that’s the key thing for now, we’re really focused on just pushing forward with our operations in Australia while maintaining our listing on Aim,” he told City A.M., while declining to rule out a second float in future.
     
  9. Groucho

    Groucho Member

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    9435FD3A-1484-448C-B3FD-5FEA94479CD5.jpeg
    City AM 13/3/19
     
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  10. tricombe

    tricombe Member

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    OVERVIEW
    Greatland’s US$65mln joint venture deal is just the latest in an ongoing rush into the gold-bearing riches of Paterson
    12:12 13 Mar 2019
    The ongoing staking rush in Paterson is now beginning to bear fruit, for Newcrest and others
    [​IMG]

    Download Greatland Gold PLC
    Capital Network report here

    OVERVIEW: GGPTHE BIGPICTURE
    Staking map of the Paterson district in Western Australia


    What do you get if you hit 275 metres grading 4.77 grams gold and 0.61% copper?

    The answer is simple enough, as shown byGreatland Gold PLC(LON:GGP) this week: a US$65mln joint venture deal that could pay all expenses to feasibility, and which could lead to the development of a major producing mine.

    The partner in question isNewcrest MiningLTD (ASX:NCM), Australia’s largest gold producer and, as a participant in the Lihir mine in Indonesia, a major player in the international scene.

    It’s quite some leap for Greatland, shares of which are now touching five-year highs to give it a market capitalisation of more than £50mln.

    But even with the share price leap, the value of Newcrest’s potential spend is still roughly commensurate with Greatland’s entire capitalisation.

    In short, it’s a big deal for a small company, the type of which you don’t see every day.

    At the heart of it is that 275 metre intercept and what it means.

    First off, it’s deep, running from depths of around 459 metres below surface. That means an expensive underground operation is inevitable, and one that’s surely out of the price range of a junior miner like Greatland.

    Nevertheless, the sheer quality of the intercept, its length and grade, meant that Greatland was unlikely to be short of suitors offer to provide assistance, and on attractive terms too. Indeed, such an outcome was already broadly priced into Greatland’s shares, which, although they leaped on the day of the Newcrest announcement, didn’t quite scale the former heights reached when the original news of the intercept came out.

    But of course, there’s more than one drill hit to this story.

    There’s a whole new gold district opening up in and around Greatland’s Havieron project in Western Australia. Previous drilling by Greatland had already hit what in the context of the later hit might now be called “encouraging”, but which at the time looked attractive enough in their own right.

    Drilling returned 121 metres of 2.93 grams per tonne in early 2018, and follow-up work in the summer delivered further hits of 21 metres at 3.78 grams per tonne and one metre at 5.9 grams per tonne.

    So, it’s not just a one-off hit that Newcrest is buying into, it’s a solid work programme that could be about to yield up a major discovery.

    And it’s certainly in the right area for that. Greatland’s land package at Havieron isn’t held in isolation. All around, other gold miners are busy exploring what looks to be an emerging new district at Paterson, in Western Australia. Forty-five kilometres to the west lies Newcrest’s own Telfer mine, and both Greatland and Newcrest have been quite explicit that if ore comes up out of the ground at Havieron it will be destined for processing at Telfer.

    That’s a significant distance to truck ore, but such arrangements are not particularly uncommon in the industry, and the overall savings on the construction of a new plant at Havieron could run to hundreds of millions of dollars.

    Newcrest, as the most powerful player in the region, is thus making a US$65mln claim to what could be the next big mine in Paterson, and it knows exactly what it wants to do with it.

    In that sense, it’s at least one step ahead of its rivals in Paterson, of whom there are many. A staking rush has gradually gathered steam over the past 24 months or so, and has led the likes ofRio Tinto(LON:RIO),Sipa Resources(ASX:SRI), Fortescue, Antipa and Red Metal into the area.

    Aside from Telfer, which is up and running, there are several advanced prospects in Paterson, particularly on ground held by Antipa, or in joint venture between Antipa and Rio, where the exploration spend is rumoured to run to extremely high levels.

    But the addition of Havieron to the list shifts the centre of gravity at Paterson over to the south east. The Greatland exploration blocks were previously thought to be on the edge of the prospective area. But no longer. Newcrest hasn’t only joint ventured the block containing Greatland’s 275 metre hit, it’s also joint ventured 11 others held by Greatland, and obtained a right of first refusal over others.

    The confirms Newcrest as a significant player in the ongoing development of the Paterson region, more than holding its own against larger rival Rio Tinto.

    The likelihood now is that Newcrest drill rigs will mobilise rapidly at Havieron in an endeavour to replicate Greatland’s own drilling success. That in turn is likely to lead to some interesting newsflow that already has Greatland shareholders salivating.

    "This farm-in has, in my opinion, the potential to open up the entire Havieron region to commercial mining in a time frame and cost that stand-alone operations could never compete with," said Alastair Clayton, executive director ofPrimorus Investments(LON:pRIM), which owns around 1.1% of Greatland’s shares.

    Clayton has been involved in the capital markets and mining finance for many years now, and he knows a good thing when he sees it.

    Newcrest’s chief development officer, Michael Nossal, would tend to agree.

    “It is becoming more and more evident that the Paterson region is highly prospective for under-cover discoveries,” he said.
     
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  11. tricombe

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  12. tricombe

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    "You find a new mine next to an old mine"
    The Pilbara is known to geologists as the place in northwestern Australia where the oldest rock on earth, almost three billion years old, is coming to the surface. The area, of 350 by 700 kilometers, became known in 2017 through the discovery of the gold-bearing "conglomerates" of Novo and Artemis. Iron ore has been found on a large scale for decades.

    But it seems that the Pilbara has many more undiscovered resources. The Paterson area is in eastern Pilbara and two new, promising discoveries have recently been made here. Greatland Gold has drilled a number of holes in the Havierion project with impressive results. The peak was almost 5 grams of gold per tonne of rock over a distance of 275 meters at the end of last year. To put this in perspective: the monster discovery of Aurelian Resources in Ecuador in 2006 started with a similar 'hole'. We therefore immediately bought a first position and own more than 1% of this London-listed company.

    And the project is only 40 kilometers east of the Telfer gold mine. So from a geological perspective around the corner. This mine, which is now on its last legs, has a deposit of 27 million ounce of gold and is operated by Newcrest Mining. After it appeared that the geological setting of these two projects have a lot in common, an indication that Havieron might be Telfer's sister, Newcrest recently proposed to Greatland to take over the exploration and to bear all its costs. In exchange, Newcrest can build up a 75% interest in the project. As a result, Greatland can now concentrate on a number of other promising 'targets'.

    This is a great deal especially for Newcrest. Now that the old Telfer mine is on its last legs, gold production may possibly continue much longer. The golden rock can be transported relatively cheaply by truck. At the same time, a new 'mill' does not have to be built for Havieron and this makes the project a lot more economically viable. That quickly saves an investment of half a billion. The small print shows that Newcrest also takes into account any new discoveries on the territory of Greatland. It is remarkable that Artemis Resources claimed the area around Havieron last year. The company has already identified a number of potential places, based on geophysical research, and wants to drill here.
     
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  13. tricombe

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  14. tricombe

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    Founder and CIO Willem Middelkoop has been an investor in (junior) mining companies for over 10 years. He is one of the pioneers in ‘Discovery Investing’, whereby in a very early stage investments in an exploration company are being made, after the start of a significant discovery. He is responsible for the impressive track-record of his fund, with dozens of take overs in it’s ‘discovery portfolio’.

    Willem has published seven books in eight different languages on financial and economic topics. He is also a member of the, London based, OMFIF advisory board.

    Willem Middelkoop, Founder & Chief Investment Officer of Commodity Discovery Fund, will give a keynote investment presentation on Discovery Investing at Mines and Money Asia 2019
     
  15. BigP

    BigP Keeping the Faith

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    Daily Mail 19/3
    Greatland’s $65m joint venture deal is the latest in rush into the gold-bearing riches of Paterson in Western Australia. Greatland Gold (GGP) joint venture deal that could pay all expenses to feasibility, and which could lead to the development of a major producing mine. The partner in question is Newcrest Mining, Australia’s largest gold producer and, as a participant in the Lihir mine in Indonesia, a major player in the international scene. In short, it’s a big deal for a small company, the type of which you don’t see every day. At the heart of it is that 275 metre intercept and what it means.
     
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  16. BigP

    BigP Keeping the Faith

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    RNS Number : 2871T
    Greatland Gold PLC
    19 March 2019

    19 March 2019


    Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR).


    Greatland Gold plc

    ("Greatland" or "the Company")


    Strategic and Operational Update


    The Board of Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to provide an update on its strategy and exploration priorities for 2019.


    Summary


    · Leverage success in the Paterson region

    o Build on momentum gained in Paterson region following the Company's recent announcement of a US$65mfarm-in agreement with Newcrest to advance the Havieron project

    o Leverage exploration insights gained at Havieron to prioritise and accelerate exploration at key targets across Greatland's Paterson licences

    o Paterson region represents one of the most exciting regions globally for the potential discovery of tier-one gold-copper deposits as demonstrated by recent exploration results at Havieron (Greatland/Newcrest) and Winu (Rio Tinto)

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

    o Finalising plans for exploration programmes at Black Hills (30km east of Telfer, high grade gold at surface over 800m of strike) and Scallywag (40km east of Telfer, several magnetic anomalies and elevated copper, silver and gold MMI response over 6km of strike)

    · Focus on assets with tier-one, multi-cycle potential

    o Capitalise on general weakness in the junior resources sector by identifying and acquiring new projects in safe jurisdictions with tier-one potential at attractive valuations

    o Systematically advance existing exploration targets outside of the Paterson region which have multi-million ounce potential, and which present the opportunity to deliver significant shareholder value in the medium term

    o Seek to divest those projects which do not meet the criteria described above or which don't offer significant medium-term upside to shareholders

    · Invest for growth

    o Over the past 12 months, the Company has been building key corporate infrastructure for future exploration success and will continue to do so with selective new additions to its team

    o Greatland recently appointed a new Exploration Manager, Michael Sawyer, who spent seven years at Oz Minerals Limited, most recently as Principal Geologist, Australia, Exploration and Growth where he was extensively involved with exploration and resource definition at Carrapatenna, one of Australia's largest undeveloped copper deposits

    o Well capitalised for the planned 2019 exploration campaign with investment for Havieron secured and approximately £4m in cash as at 31 December 2018


    Gervaise Heddle, Chief Executive Officer of Greatland Gold, commented: "We are thrilled with Greatland's progress over the last year which has taken the Company to a new level in its development. 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.


    "Our experience in the Paterson region and the farm-in with Newcrest at Havieron will have a positive impact on the Company on a number of fronts. First, Havieron now has the structure and capital in place to take it through feasibility study and decision to mine which releases resources which would have been committed to Havieron and enables us to focus on advancing our other key exploration targets, particularly in the Paterson region. Second, our experience has reinforced our commitment to be proactive in identifying and acquiring those projects in safe jurisdictions that have the potential to be tier-one, multi-cycle assets and which we can access at attractive valuations. Third, we now have the infrastructure and team in place to support our expanded strategy and drive the business forward to the next level of growth.


    "We are determined to build Greatland into a large and successful business delivering significant returns to our shareholders and we look forward to providing updates on both Newcrest's progress at Havieron and Greatland's exploration efforts in the Paterson and at our other exciting projects."
     
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  17. tricombe

    tricombe Member

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