17th Oct 2023 12:26
Greatland Gold PLC - Western Australia-focused exploration and development company - Says progress continues at its Havieron gold-copper project in Western Australia, with total decline development to date now exceeding 2,820 metres as at October 8. As a result, development is now approaching the lower and final aquifer at the base of the Permian cover at Havieron.
The company also notes progress on the Newmont Corp-Newcrest Mining Ltd deal, saying all regulatory, shareholder and court approvals have now been received. Newcrest is Greatland's 70% joint venture partner in the Havieron project. Newcrest is currently the subject of an agreed takeover by gold, copper, silver, zinc and lead producer Newmont. It is due to be completed in November. Greatland says that with the transaction now unconditional, it welcomes Newmont as its Havieron joint venture partner.
Current stock price: 5.90 pence, up 1.7% in London around midday
12-month change: down 29%
By Heather Rydings, Alliance News senior economics reporter
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