Greatland Gold Share Discussion Threads

[qs99] 01/4/2020 08:04

sense the delay in one project, may hit this disproportionately....DYOR

[timberwolf] 01/4/2020 07:03

RNS Number : 3679I

Greatland Gold PLC

01 April 2020

1 April 2020

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

Greatland Gold plc

( " Greatland " or "the Company " )

Newcrest Progress at Havieron and Corporate Update

Newcrest completes Stage 2 and commences Stage 3 of Farm-in at Havieron

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to provide an update on Newcrest's activities at Greatland's Havieron Project in the Paterson region of Western Australia. In addition, Greatland provides an update on the impact of COVID-19 on its own exploration activities in the Paterson region (excluding the Havieron Project).

Greatland notes the release of an ASX announcement titled "Newcrest earns 40% interest in Havieron" by Newcrest Mining Ltd ("Newcrest") earlier today.

Newcrest's Activites at the Havieron Project

-- Drilling activity at Havieron is continuing as planned with eight rigs currently operational.

-- Newcrest has implemented measures to mitigate the risks of the COVID-19 pandemic to its project workforce and stakeholders and is continuing to closely monitor developments.

-- Newcrest has successfully completed Stage 2 of the Farm-in Agreement (US$20 million in expenditure to date) and has commenced Stage 3 of the Agreement.

-- In accordance with the Farm-in Agreement, following completion of Stage 2, Newcrest now has a 40% interest in a 12-block area within E45/4701 that covers the Havieron target , with the remaining 60% interest retained by Greatland.

-- In order to complete Stage 3 of the Farm-in Agreement, Newcrest must spend an additional US$25 million and deliver a Pre-Feasibility study for the Havieron Project.

-- Newcrest continues infill drilling to support the delivery of a maiden resource in the second half of calendar year 2020 and continues to investigate the potential to start an exploration decline at Havieron by the end of calendar year 2020 or early 2021.

-- Newcrest will provide updated Havieron drilling results in its Quarterly Exploration Report to be released on 30 April 2020.

Greatland's Exploration Activities in the Paterson Region (excluding Havieron)

-- Due to COVID-19 related issues, Greatland's exploration activities in the Paterson, which were originally scheduled to commence in April 2020, are being temporarily delayed.

-- The commencement of cultural heritage clearances required for drilling activities has been deferred due to the potential impact of COVID-19 on the Martu People of the Central Western Desert region in Western Australia.

-- Greatland will seek to commence its exploration activities in this region as soon as it is practical to do so and will provide further updates over the coming weeks.

-- Greatland is in a strong financial position and remains well financed to conduct all planned activities during calendar year 2020.

Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: "The commencement of Stage 3 of the Farm-in Agreement by Newcrest represents an important milestone in the life of the Havieron Project as it now officially moves into the Pre-Feasibility Study stage of development. In just over 12 months, Newcrest has delivered six consecutive sets of excellent drill results at Havieron, which support the potential for both high grade selective and bulk mining methods. We are delighted by Newcrest's ongoing commitment and we look forward to reporting further results as work continues towards the next major milestone at Havieron, the delivery of a maiden mineral resource in the second half of the 2020 calendar year.

"Over the past few weeks, we have all been impacted in both our personal and professional lives by the COVID-19 outbreak. During this challenging time, Greatland's priority remains the health and safety of our people, our partners and the communities in which we operate. For this reason, we have put on hold our exploration activities in the Paterson, including an Airborne Electromagnetic survey and drilling at Scallywag. Our team is using this time to further refine targets and we will be ready to commence exploration as soon as it is safe and responsible to do so"......

[timberwolf] 01/4/2020 06:32

Just a useful reminder for those that maybe aren't fully aware of the terms & conditions of the Farm-In-Agreement (FROM THE RNS ON THE 12TH MARCH 2019):

QUOTE
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 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.

-- 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 in the Tenement Blocks in accordance with the following four-stage farm-in procedure:

o STAGE 1: Newcrest incurs US$10 million in expenditure (inclusive of the Minimum Commitment of US$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 additional US$10 million in 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 additional US$25 million in 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 than US$20 million in 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 incur US$5m in 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.
UNQUOTE

[zooman] 31/3/2020 22:35

Should be good for the share price tomorrow.Zoo

[uknighted] 31/3/2020 22:32

Thanks Mirabeau - confirmation of Newcrest’s confidence in the project.

[pr0t0n] 31/3/2020 22:30

Cheers Mirabeau

Newcrest earns 40% interest in Havieron.
Newcrest confirms that it has now reached its Stage 2 farm-in milestone at the Havieron Project. In accordance with the terms of the farm-in agreement, Newcrest has earned a 40% interest in the project and has provided notice to Greatland Gold Plc that Newcrest is proceeding to Stage 3
Drilling at the Havieron Project continues to expand and demonstrate the continuity of high-grade mineralisation which extends over 450m, to vertical depths of 600m and remains open at depth to the northwest. Drilling has also identified mineralised breccias proximal to high grade mineralisation. A further 20,000m are planned to be drilled to support the objective of delivering a maiden resource estimate in the second half of calendar year 2020
Studies are also underway to investigate the potential for the following:
• starting an exploration decline by the end of calendar year 2020 or early 2021;
• stoping and bulk underground mining options; and
• achieving commercial production within two to three years from the commencement of the decline

[mirabeau] 31/3/2020 22:25

Newcrest earns 40% interest in Havieron

[zooman] 31/3/2020 16:38

Nice finish to the day.Zoo

[jim899manutd] 31/3/2020 15:37

https://twitter.com/priminvestments/status/1244992824287866880?s=21

[zooman] 31/3/2020 14:51

Paddy thank you for your updates.Zoo

[zooman] 31/3/2020 14:51

T, I think they are going to start playing more games now the end of the F/Y is in sight. I love this share, I had a core holding that I've had for a long time and traded it as well. Then each time with the day trading taking back the original initial investment plus fifty percent of the profit and adding the other to the original holding. I never thought it would play out as his has. I've traded it now thirty-five times sometimes only making £150. Given where we are with the virus etc this share has held up so well.Good luck to all holders for the future.Zoo

[jim899manutd] 31/3/2020 14:42

See paddy's most recent tweet. Might have something to do with it. https://twitter.com/paddygall1/status/1244977781642944512?s=21

[timberwolf] 31/3/2020 14:39

Spread just tightened again to just 2% and another step up... :-)

[paddygall] 31/3/2020 13:54

More activity on the sentinel satellite image from today.https://twitter.com/paddygall1/status/1244968355389415425?s=20GLA - Paddy

[mufprat] 31/3/2020 12:27

I don't thimk GGP has much correlation with other gold producers and to a large extent nor the POG, albeit it will help a bit. The share price is holding up as it becomes more and more obvious that Havieron is the 'elephant in the room.'

[timberwolf] 31/3/2020 12:27

Another steady rise in the share price so far today. Currently at a day high of 4.575p, with a reduced bid/offer spread of just 3-4%.... :-)

[zooman] 31/3/2020 09:39

Alan, GGP is holding up nicely as against yesterday Tullow is up but the view there is wash and rince. Here as P posted yesterday the Australian government has clearly stated its rules and we fall inside of them which is good. Zoo

[alangriffbang] 31/3/2020 09:09

Very odd this morning my Perseus mining was down a lot overnight ,I thought it would be a bay day for gold ,then shanta is down and centamin as well, so the fact that GGP is up strange ,good luck to you ,

[zooman] 31/3/2020 08:24

Looking at the the prices they've closed the spread this morning, given where they were yesterday. I'm hoping we may see around five pence today. But yesterday morning was a bit odd.Zoo

[rose_by_another_name] 30/3/2020 21:16

Again, as a shareholder in GGP I think
it is not out of order that I read and
even post on this forum, despite the
personal issues of one other poster and
his hangers-on.

[zooman] 30/3/2020 21:04

P. Can you help Alan and myself we have a Poster that has followed us from GFM would you consider moderating him. It would be appreciated.M has put him on ignore I have him there as well. Alan is in his eighties and can't ignore him on his ipad for some reason. Today I made up some food parcels for some local homeless people who are living in tents they help out locally etc but are struggling. This poster took the mickey. For me that's not on given what is going on.Zoo

[daddy warbucks] 30/3/2020 21:02

It doesn't improve spelling though. ;0)

[daddy warbucks] 30/3/2020 21:01

Alan, I use an iPad. If you look at a post, on the right hand side at the top, you will see a downward arrow. Press that and a list comes up.Press ignore user and it will filter that poster. You need to come out of the thread and go back in and all the filtered posters posts will be missing.Hope this hepls.

[zooman] 30/3/2020 20:55

P, this is good because we must fall well inside of that. Thank you for posting I'm sure some were thinking about the virus effecting us that gives a clear understanding. Zoo