3rd Jul 2006 08:05
Greatland Gold PLC03 July 2006 GREATLAND GOLD PLC Admission to trading on AIM Dated: 3 July 2006 Greatland Gold plc (the "Company") the mineral exploration and developmentcompany focused on gold projects in Tasmania and Western Australia, is pleasedto announce that its ordinary shares have been admitted to trading on the AIMmarket of the London Stock Exchange ("AIM") today under the symbol GGP. ARMCorporate Finance Limited is acting as the Nominated Adviser and Simple CFDsLimited is Broker to the Company. The placing The Company raised £1.3 million, before expenses, by the placing of 65,550,000Ordinary Shares at the Placing Price. The Placing Shares issued represent 65.2per cent of the issued share capital of the Company as enlarged by the Placing. Placing statisticsPlacing Price 2pNumber of Placing Shares issued 65,550,000Placing Shares as a percentage of the enlarged issued Ordinary Share 65.2 per cent capital of the CompanyNumber of Ordinary Shares in issue on Admission 100,550,000Estimated net proceeds of the Placing £1.1 millionMarket capitalisation of the Enlarged Group at the Placing Price £2 million The Ordinary Shares will be listed on AIM under the symbol GGP Introduction and strategy The Company was incorporated as a mineral exploration and development company on16 November 2005. Its wholly owned subsidiary, Greatland Pty Ltd ("Greatland"),based in Perth, Western Australia, has resource assets in Tasmania and inWestern Australia prospective for gold. The Board seeks to increase shareholdervalue by the systematic exploration of its existing resource assets as well asthe acquisition of suitable exploration and development projects and producingassets. The principal asset of the Company is the Firetower project. The Directorsbelieve that, based on their experience, infill drilling may well demonstratehead grades exceeding current drill-indicated grades, and that the proposedfurther exploration should accordingly result in an increase in resourceestimates. The Directors will undertake mapping, geophysics, and shallow drilling toevaluate the grade, extent, and metallurgical character of the mineralisationwithin its tenements. The results will be utilised in developing JORC Codecompliant estimates of resource and provide the final resource to completepre-feasibility studies. Acquisition of Greatland Greatland was incorporated in Australia on 25 March 2004 and owns gold tenementsin Tasmania and an exploration licence application in Western Australia. At anextraordinary general meeting of the Company held on 10 May 2006 Shareholdersapproved the Acquisition of Greatland by written resolution of the Company. Under the terms and conditions of the Acquisition Agreement the Company acquiredall the outstanding equity shares issued by Greatland for an aggregateconsideration of £250,000, satisfied by the issue of 25,000,000 Shares at 1p perShare. Further details of the Acquisition Agreement are set out in paragraph 6.5of Part 6 of the Admission Document. Pursuant to the Acquisition Agreement, the Company acquired Greatland'sportfolio of properties, which includes three Exploration Licenses ("EL") (EL26/2004, EL30/2004 and EL31/2004). These give the beneficial holder the exclusiveright to enter onto the area covered by the licence with any necessary equipmentfor the purposes of exploring for minerals and any connected operations on thearea covered by that EL, including the extraction and collection of samples fromthat area. The EL's are for a maximum period of five years although there isprovision for the EL's to be renewed for additional periods in certaincircumstances at the Minister for Energy, Infrastructure and Resources'discretion. The EL's are valid, in full force and effect and have not beenrevoked nor have they become liable to revocation. The EL's are subject to thestandard conditions applied to the mining industry by the Tasmanian Government. In addition, Greatland's portfolio includes one Exploration Licence Application("ELA") (ELA63/983). The ELA does not confer any exclusive rights in relation tothe underlying land. The registered holders of each of the EL's, and of the ELA are either Greatlandor are held in trust by Paul Askins and Callum Baxter, two of the Vendors, onbehalf of Greatland. The Company acquired the beneficial interests of Greatlandin each of these properties pursuant to the terms and conditions of theAcquisition Agreement entered into between the Company and Greatland. Following successful exploration and a positive feasibility study the Companymay apply for a mining lease to facilitate the mining of the gold ore. Miningleases are normally granted subject to certain conditions including:environmental issues; safety factors; rehabilitation of the environment; andnative title. Portfolio of properties The Company has acquired three mineral properties comprising the two projectareas of Firetower and Warrentinna and the exploration licence applicationLackman Rock (Table 1). The first two projects are located in northern Tasmaniawhile the latter is located in Western Australia. They range in development fromadvanced exploration with a resource at the Firetower project, through prospectswith identified targets at Firetower and Warrentinna, to a gold prospectivegrass roots area at Lackman Rock. Project locations are shown in Figure 1 of thecompetent person's report ("CPR"). Collectively the properties cover an area ofapproximately 300km2. Table 1 - Project tenure details Asset Tenement Interest Status Grant Licence Area Comments Operator Date Expiry (km2) Tasmania: EL26/2004 100% Development 26 Nov 26 Nov 2009 23 InferredFiretower Greatland 2004 Resource.project Drilling to commence immediately EL31/2004 100% Development 26 Nov 26 Nov 2009 30 Exploration Greatland 2004 to commence immediatelyTasmania: EL30/2004 100% Exploration 26 Nov 26 Nov 2009 114 ExplorationWarrentinna Greatland 2004 to commenceproject immediately Exploration toWestern ELA63/983 100% Exploration N/A N/A 45 ExplorationAustralia: Greatland blocks* to commenceLackman Rock or upon grantproject 130km2 recommended for June 2006 * a block is an area as defined by reference to the Geodetic Datum of Australia.In terms of longitude and latitude a block comprises positions which are oneminute apart. As a guide, one block represents approximately 3km2. The company's main initial focus will be the Firetower project where a largeproportion of the exploration efforts will be drilling to increase the resourceestimate. Other exploration targets are also to be drill tested at Firetower,Warrentinna and Lackman Rock. Pursuant to the Acquisition Agreement the Company is the 100% beneficiary of thetenements. GOLD - TASMANIA Firetower gold project -Northern Tasmania The Firetower project is located 65km west of Launceston, and 35km south ofDevonport, in northern Tasmania. The project covers rocks equivalent to those ofthe Mt Read Volcanic sequence, which hosts the world class base metal depositsof Mt Lyell, Hellyer, and Rosebery; and the large Henty gold deposit (Figure 2of the CPR). The project contains an initial inferred resource of 90,000oz ofgold. The resource has not been closed off, remains open in all directions, andat depth. The mineralisation comes to surface, and mining would be by open pitwith a low stripping ratio. Other areas of gold mineralisation, and structuraltargets, have been identified over 15km of strike east and west of the deposit.These are yet to be drill tested and Greatland also intends to carry outsystematic exploration over them. The Firetower project comprises two contiguous tenements, E26/2004 and E31/2004,that cover a total area of 53km2. E26/2004 was awarded to Greatland aftersuccessfully bidding through the Mineral Resources Tasmania Exploration ReleaseArea tender process. A subsequent application for E31/2004 was lodged over anadditional 30km2, extending eastwards along prospective volcanic andvolcaniclastic stratigraphy. The tenements cover a strike length of 20km of thisstratigraphy. Access to the project area is good as a sealed road passes through the projectarea. Numerous formed forestry roads provide additional access. Locally,infrastructure is good with sealed and formed roads, power, water,accommodation, communications and numerous regional supply points. Also, askilled local workforce is accessible from the many nearby regional centres. Geologically, the Firetower project lies in rocks equivalent to the Cambrian MtRead Volcanics (Figure 2 of the CPR), which hosts major polymetallic depositsincluding Hellyer, Rosebery, and Mt Lyell; and the structurally controlledhigh-grade Henty gold mine. These deposits are of a world class scale, forexample, Rosebery hosts 32.3Mt at 2.3g/t Au, 0.59% Cu, 14.6% Zn, 4.5% Pb and145g/t Ag while Henty hosts 2.83Mt at 12.5g/t Au for in excess of 1.1M oz gold.Specifically, the project occurs in the Fossey Mountain Trough, an east-westextension of the north-south trending Dundas Trough. The eastern margin of theDundas Trough contains the Cambrian Mt Read Volcanics, overlain by unconformableto disconformable Cambro-Ordovician siliclastics and limestones. The FosseyMountain Trough is similarly comprised of Cambrian volcanics and volcaniclasticsand overlying Cambro-Ordovician siliclastics and limestones. Gold mineralisation at the Firetower deposit is associated with widespreadalteration of the volcaniclastic units. Alteration is dominated by silica,sericite, carbonate, and pyrite. Rockchip results include 30.1g/t Au, 14.2g/t Auand 11.2g/t Au. To date gold mineralisation has been defined over a strikelength of 400m and has a width of approximately 80m. Previous exploration Drilling has been restricted to the Firetower prospect in which gold gradesintersected in drilling are up to 30g/t over one metre. Drilling to date hasonly tested to a maximum depth of 100m. Drilling was completed by Noranda PtyLtd (now Falconbridge) during 1990, Plutonic Operations Ltd in 1992 andAurionGold Ltd (now Barrick Gold) in 2002. Mineralisation is hosted in astockwork that consists of fine quartz-carbonate veining with a sulphide contentof between 2% and 5%. Sulphides include pyrite, chalcopyrite, chalcocite,arsenopyrite, sphalerite, and galena, and are mostly associated with thequartz-carbonate veining. The tungsten minerals scheelite and ferberite havealso been noted in drill core. The distribution of mineralisation is shown incross-sections in Figures 7 and 8 of the CPR. Following the most recent drillingin 2002, Auriongold Ltd used a polygonal technique to estimate an inferredresource at Firetower of 90,000oz gold (Table 2). In total, only 29 holes for1,993m have been completed at the prospect despite the high grades and untestedstrike extensions. Table 2 - Resource statement Firetower project Gross Net attributable OperatorResource ____________________________ ______________________________ Category Tonnes Grade Contained Tonnes Grade Contained (M) (g/t) Gold (oz) (M) (g/t Gold (oz) Inferred 3.6 0.8 90,000 3.6 0.8 90,000 Greatland Note: (i) These figures are JORC compliant (ii) See Table 9 of the CPR Exploration potential AurionGold Ltd also carried out soil and rockchip sampling at the nearby WestFiretower prospect and outlined an extensive Au-As-Cu anomaly within an area ofalteration containing numerous gossanous ironstones. A zone of gold anomaloussilica-hematite-malachite veining returned rockchips to 3.3% Cu. No drilling hasbeen carried out at West Firetower. This represents another high-priority targetfor Greatland. Additionally, three other regional targets have been identified for furtherwork. These are the Noranda, Asarco and Austamax prospects where stream sedimentsampling by previous explorers has outlined gold and base metal anomalous areaswithin strike extensions of prospective rocks. No follow-up work has beencarried out in these areas despite encouraging geochemical results. Timetable of activities Greatland proposes to carry out immediately infill diamond drilling of theFiretower deposit in order to delineate high grade zones within it and toupgrade its resource category. It intends to recover oriented core, which shouldadd to the understanding of the structural controls in the area. Greatland alsoproposes, in the short term, to carry out shallow diamond or open-holepercussion drilling at the West Firetower prospect to assess the potential foradditional resources. Re-estimation of the Firetower resource will also beundertaken as soon as all the data from the drilling program is compiled. Theseactivities are scheduled for completion before 31 December 2006. Greatland also proposes within the first year to carry out soil and rock chipsampling over other parts of the project area. The selection of these areas willbe based upon structural grounds and the follow up of untested stream sedimentanomalies. Re-estimation of resources will be ongoing. Geophysical surveys arealso planned for these areas. Activities are scheduled for completion before 30June 2007. In the second year it is expected that Greatland will carry out follow updrilling on targets delineated in year one namely Firetower and West Firetower,along with further follow-up work on other regional targets. Re-estimation ofresources will be ongoing and pre-feasibility studies will be undertaken. Theseactivities are scheduled for completion before 31 December 2007. The Directors believe the tenements are prospective for economic gold resources. Exploration budget Greatland has proposed a total exploration budget for the Firetower project to30 November 2006 of approximately £300,000. These budgeted figures exceed theminimum annual expenditure commitments as prescribed by the Tasmanianauthorities. This budget is presented on the basis of a £1.0 million capitalraising and should more than that be raised then the excess will be additionallyallocated pro-rata to each activity to a maximum of £880,000. Table 3 - Firetower project exploration budget Activity Year 1 Year 2 TotalsData Compilation £10,000 £0 £10,000Geological Mapping £16,000 £2,000 £18,000Geochemistry £12,000 £2,000 £14,000Geophysics £14,000 £4,000 £18,000Drilling £200,000 £16,000 £216,000Field Support £24,000 £8,000 £32,000Administration £24,000 £8,000 £32,000Totals £300,000 £40,000 £340,000 Warrentinna gold project - North-Eastern Tasmania The Warrentinna gold project is located in the northeast of Tasmania and coversthe historic goldfields of Warrentinna, Forester, and Waterhouse (Figure12 ofthe CPR). These goldfields were worked from the late 1800s to the mid 1900s.Gold was taken from surface and underground workings that accessed high-gradequartz lodes. Some modern exploration for gold has taken place, and although ithas been only of a preliminary nature it has confirmed the presence of goldmineralisation over extensive strike lengths. Minimal drill testing ofhistorical high-grade gold workings has been carried out. The Warrentinna tenement, EL30/2004, is located 60km northeast of Launceston andcovers approximately 115km2. The tenement extends from near Branxholm in thesouth, to Waterhouse in the north, a distance of 30km. The bulk of land withinthe tenement is logged state forest, with private farm land at its northern andsouthern ends. Access to the north and south ends of the project area is by sealed road viaBridport and Scottsdale respectively. Formed roads are throughout the tenement.Local infrastructure is good with sealed and formed roads, electricity, water,and local towns for accommodation and supply points. Geological setting Geologically the project covers north-northwest striking rocks of the MathinnaGroup, which consists of poorly sorted, turbiditic, siliclastic sediments ofOrdovician to Devonian age. The Mathinna Group covers much of northeasternTasmania and is considered to be equivalent to rocks of the Melbourne Trough ofthe Lachlan Fold Belt which host the bulk of Victoria's gold mineralisation.Goldfields in northeastern Tasmania hosted by the Mathinna Group include Lefroyand Back Creek to the north of Launceston, Gladstone in the northeast and anorth-northwest trending group that extends over a distance of 85km from Manganain the south to Waterhouse in the north. The Mathinna Group sediments areintruded by granitoid batholiths of Devonian to Carboniferous age. The Scottdalebatholith is to the west of the project area and the Blue Tier batholith to theeast. Metamorphism and folding of the Mathinna Group is attributed to a Silurianregional orogenic event. They have been subjected to pervasive low grademetamorphism. Gold mineralisation in northeastern Tasmania generally occurs within quartzveins hosted by the Mathinna Group rocks, and also in local placer depositsderived from their erosion. There is also recorded gold mineralisation in quartzveining in granitoids. Significant granite related tin mineralisation is alsopresent in the area. The historical goldfields of Warrentinna, Forester, andWaterhouse lie in the project area. Gold and associated sulphide mineralisationis found in quartz veins hosted by metasediments of the Mathinna Group. Mostgold production was between 1880 and 1921 from high-grade lodes. Althoughnumerous localities are recorded, official production figures are minimal andmany of the historically mined gold occurrences are poorly located andinadequately documented. In the Waterhouse goldfield some lodes which carriedrich gold were sulphide-rich with assemblages containing arsenopyrite,chalcopyrite, tetrahedite, pyrite, galena, and sphalerite. The largest recorded producer was the Golden Mara mine in the Warrentinna fieldwith 3,368oz produced from 3,560t at an average grade of 29g/t Au. The mineextended over a length of about 300m and exploited six main reefs with widths ofup to 1.5m and varying orientations. Rich shoots were developed at veinintersections with one area of southwest-plunging stopes reported as being 60mlong at the 12m level reducing to 12m long at the 60m level. Workings were to amaximum depth of about 85m, mainly north-northeast trending, and both west andeast dipping. Other mines with significant workings were the North Mara andDerby, situated about a kilometre north-northeast of the Golden Mara. Previous exploration Previous exploration has been carried out within the project area by a number ofparties, however the only systematic modern effort was by that of HeraldResources during the 1990s. Herald carried out gold exploration over theWarrentinna, Forester and Waterhouse areas. Its programmes included regionalstream sediment sampling, rockchip sampling, soil sampling, and drilling. Thestream sediment sampling outlined two north trending gold-anomalous areas(Figure 14 of the CPR). The larger area has a strike length of 7km. It includesthe historical Golden Mara, North Mara, and Derby mines. Rockchip resultsincluded 18.7g/t Au at Forrester, 8.01g/t Au at Warrentinna, and 15.2g/t fromWaterhouse. Soil results were up to 1,342ppb Au at Waterhouse, 592ppb Au atWarrentinna, and 100ppb Au at Forester. Limited drill testing was carried outand returned results including 4m @ 4.5g/t and 2m @ 3.8g/t Au from the NorthMara workings and 14m @ 1.1 g/t Au from a Golden Mara lode. Exploration potential There is exploration potential within the project area for the discovery ofhigh-grade shoots beneath known shallow historical workings and within unminedquartz-lodes. There is also potential for the discovery of larger tonnages oflower-grade mineralisation adjacent to quartz lodes. Gold mineralisation withinthe Mathinna Group has been generally accepted as being restricted toquartz-rich lodes, within which high-grade (in excess of 30g/t) shoots werehistorically mined. Recent exploration drilling by Lefroy Resources Limited , inthe Lefroy Goldfield, about 60km to the west of Warrentinna, has, however,intersected significant intervals of gold mineralisation both withindisseminated sulphides (20m @ 2.4g/t Au) and within narrow quartz vein arrays(14m @ 4.1g/t Au). Neither of these types of mineralisation were exploited bythe historical miners. A further indication of the potential for the discoveryof significant tonnages of low-grade mineralisation is the record of 487t ofmullock from the Golden Mara mine, which yielded 2.1 g/t Au when treated at abattery. Modern exploration activities over the project area have been limited. The onlysystematic stream sediment sampling was by Herald, in the mid 1990s, whichcovered only portions of the project area. The sampling outlined two coherentareas of gold anomalism, neither of which was adequately followed up, either byinfill stream sediment sampling, soil sampling, or drilling. Herald also conducted the only modern and systematic drill programme. It,however, only drilled 29 holes within the tenement. A much greater number wouldbe required to adequately test the areas of the known workings, their strikeextensions, the already outlined stream sediment anomalies, and other anomalousareas that could be expected to be produced by systematic exploration. The 300mof workings at the Golden Mara mine, for instance, were only tested by threelines of drilling. As high-grade shoots can be expected to have a strike lengthmeasured in tens of metres, such drill-testing is inadequate. Greatland has access to a significant strike length of gold prospectivestratigraphy that includes three historic goldfields. High grade gold haspreviously been taken from these goldfields but they have not been subject tosignificant modern exploration efforts. Greatland aims to capitalise on itsstrategic landholding by conducting efficient regional and prospect scaleexploration programs to realise the project's gold potential. Timetable of activities Greatland proposes to compile and fully evaluate all previous exploration workand historical records prior to the commencement of field activities. This willbe completed by 31 December 2006. It then proposes to carry out a groundassessment of all known mineralised occurrences, paying particular attention tovein style and sulphide mineralogy, structural controls, and wallrockmineralisation and alteration. It is intended these initial investigations willbe followed by geochemical sampling and drilling; to be completed by 30 June2007. Further ground evaluation, drilling and re-estimation of identifiedresources will be ongoing through to 31 December 2007. Exploration budget Greatland has proposed a total exploration budget for the Warrentinna project to30 June 2008 of £100,000. These budgeted figures exceed the minimum annualexpenditure commitments as prescribed by the Tasmanian authorities. This budgetis presented on the basis of a £1.0 million capital raising and should more thanthat be raised then the excess will be additionally allocated pro-rata to eachactivity to a maximum of £320,000. Table 4- Warrentinna project exploration budget Activity Year 1 Year 2 TotalsData Compilation £4,000 £0 £4,000Geological Mapping £2,800 £8,000 £10,800Geochemistry £4,000 £20,000 £24,000Geophysics £0 £0 £0Drilling £14,000 £34,000 £48,000Field Support £1,600 £6,000 £7,600Administration £1,600 £4,000 £5,600Totals £28,000 £72,000 £100,000 GOLD - WESTERNAUSTRALIA Lackman Rock - South-Western Australia The Lackman Rock project is located in the south of the Yilgarn Craton inWestern Australia (Figure 15 of the CPR). The craton hosts world class depositsof both gold and nickel sulphide within contained greenstone belts. Greatland'sexploration licence application covers almost 40km of previously unrecognizedgreenstones. Greatland processed recently released aeromagnetic data andinterpreted the location of the rocks. The project's location and interpretedgeology make it prospective for both gold and nickel sulphide mineralisation. The Lackman Rock project consists of a single exploration licence application,ELA63/983. The tenement was recommended for grant in June 2006. Access to thetenement is by a track from the towns of Lake King to the west or Salmon Gums80km to the east. Local infrastructure is good with nearby supply points and anumber of local nickel and gold mines providing communication facilities. Geological setting Lackman Rock is located in the central-southern Yilgarn Block of southernWestern Australia. The central-southern Yilgarn region has produced significantquantities of gold from deposits in the Marvel Loch, Forrestania, and SouthernCross areas. It also hosts nickel sulphide deposits at Lake Johnston,Forrestania, and Ravensthorpe (Figure 15 of the CPR). The tenement is locatedover the eastern section of the Lake Johnston greenstone belt, a 200km longgreenstone sequence that includes mafic, ultramafic, felsic volcanic andsedimentary lithologies. The western section of the belt hosts the Emily Ann andMaggie Hays nickel sulphide mines. No greenstone outcrop has been mapped withinthe project area, the majority of the tenement being covered by surficialdeposits of calcareous or ferruginous loams and sands, and laterite gravel. TheArchaean geology has been largely interpreted from aeromagnetic data, satelliteimagery, and aerial photography. Along strike to the north, the stratigraphycomprises a sequence of metamorphosed mafic and ultramafic rocks with minorchert and banded iron formation intruded by granitoid. Previous exploration No exploration has been carried out within the Lackman Rock project area,however Billiton and RGC completed work on the immediate northern strikeextensions. Gold mineralisation was located by both companies. Between 1986 and1987 Billiton Australia Exploration completed reconnaissance mapping and BLEGsoil sampling immediately north of the current project area, targeting gold.Results outlined three gold anomalous areas with infill sampling confirming thepresence of anomalous gold in soils but no further work was completed. This wasfollowed by RGC Exploration Pty Ltd, between 1993 and 1999. Work included augersoil sampling and rock chip sampling. Gold in soil values of up to 25ppb wereobtained. Exploration potential The major greenstone belts, from west to east across the southern Yilgarn, arethe Southern Cross-Forrestania belt, the Lake Johnston belt, and theNorseman-Wiluna belt. The first and last contain significant gold and nickelsulphide deposits. The Lake Johnston belt is the least well explored of thethree and contains two nickel sulphide deposits. The tenement has potential tohost mineralisation of either commodity. The Lackman Rock project is located in a region where gold and nickel iscurrently mined and represents an opportunity for Greatland to be 'first mover'on a sequence of prospective rocks that have not been subject to previousexploration. Timetable of activities Greatland proposes to complete exploration activities including interpretationof remotely sensed data, mapping, geochemical sampling in the first year to 30June 2007. Drilling of resultant targets will be completed in the first half ofthe second year with results available before 31 December 2007. Exploration budget Greatland has proposed a total exploration budget for the Lackman Rock projectto 30 June 2008 of £60,000. These budgeted figures exceed the minimum annualexpenditure commitments as prescribed by the Western Australian authorities.This budget is presented on the basis of a £1.0 million capital raising andshould more than that be raised then the excess will be additionally allocatedpro-rata to each activity to a maximum of £90,000. Table 5- Lackman Rock project exploration budget Activity Year 1 Year 2 TotalsData Compilation £4,000 £0 £4,000Geological Mapping £4,000 £0 £4,000Geochemistry £8,000 £0 £8,000Geophysics £0 £0 £0Drilling £0 £30,000 £30,000Field Support £2,000 £6,000 £8,000Administration £2,000 £4,000 £6,000Totals £20,000 £40,000 £60,000 Pursuant to the material contracts set out in paragraph 6.5 of Part 6 of theAdmission Document, the Company is entitled to be the 100% beneficiary of thetenements. DIRECTORS Details of the Directors are set out below: Andrew Bell aged 51, MA, LLB, Non-executive Chairman In the late 1970s Andrew Bell was a natural resources analyst at Morgan Grenfell& Co. His business experience encompasses periods in fund management andadvisory work at financial institutions including Grieveson Grant & Co andPhillips & Drew, corporate finance in Hong Kong, and private equity. Andrew Bellis currently Chairman of Regency Mines plc and Red Rock Resources plc, companiestrading on AIM, and a non-executive director of Ormonde Mining Plc, a companytrading on AIM, Axiom Resources Ltd, a company listed on the Venture Exchange ofthe Toronto Stock Exchange, and Magyar Mining Plc. He is President of BellMinLimited and a director of Redstone Metals Pty Ltd. Callum Baxter aged 37, MSc (Ore Deposit Geology), MAIG, MAusIMM, ManagingDirector Callum Baxter is a geologist with over fifteen years global multi-commodityexperience and is a member of the Australian Institute of Geoscientists and theAustralasian Institute of Mining and Metallurgy. He has developed considerable experience in the natural resources sector as anexploration geologist with companies that include Hunter Exploration NL, EquinoxResources NL and Eagle Mining Corporation NL. Latterly he was a director andprincipal geologist for Baxter Geological a mineral exploration services andmanagement support consultancy. Paul Askins aged 62, MSc (Mining and Exploration Geology), MAusIMM, RPGeo, MSEG,Technical Director Paul Askins is a generalist mineral explorer with considerable experience in theexploration of gold and base metals in Australia and internationally. Hisexperience has been gained from working for companies that include Billiton inAustralia, covering all aspect of exploration over a fourteen year period, andas exploration manager for Central Kalgoorlie Gold Mines NL. He currently is anindependent consultant advising companies that include Avoca Resources Ltd,Heron Resources Ltd, Capricorn Resources Australia NL, Minorco Aust Ltd, PortmanMining Ltd, Homestake Gold Aust Ltd, Alcaston Mining NL, Placer Pacific,Quaestus Ltd, and A1 Minerals Ltd. Paul Askins is a member of the Australian Institute of Mining and Metallurgy,the Geological Society of Australia, the Society of Economic Geologists, Inc andthe Society for Geology Applied to Mineral Deposits. John Watkins aged 62, FCA, Non-executive Director John Watkins is a chartered accountant and a former partner of Ernst & Young andNeville Russell. He has experience as a public company director, and is financedirector of Starvest plc, a substantial shareholder of the Company. Of hisdirectorships, Starvest plc, Regency Mines plc and Red Rock Resources plc arelisted on AIM. He is also Chairman of Lisungwe plc, a mineral explorationcompany traded on Ofex. Enquiries: Callum Baxter 01638 572085 Greatland Gold plc Managing DirectorJohn Simpson 020 7512 0191 ARM Corporate Finance Ltd Nominated Adviser Updates on the Company's activities are regularly posted on its websitewww.greatlandgold.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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