21st Jul 2022 12:44
Greatland Gold PLC - mine developer and explorer in Western Australia - Completes the process to determine the option price for an additional 5% interest under the joint venture agreement in the Havieron joint venture. Sets the option price at USD60 million. Says Australia's Newcrest Mining Ltd can acquire the interest at this price from Greatland. The Havieron copper-gold project is located in west Australia. It is operated by Newcrest under a joint venture agreement with Greatland. Newcrest holds a stake of 70% and Greatland holds a 30% stake.
Greatland says seven drill rigs are on site at Havieron, and the drilling programmes continues to identify high-grade mineralisation extensions.
Current stock price: 11.35 pence, up 13% on Thursday
12-month change: down 40%
By Abby Amoakuh; [email protected]
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