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Greatland Gold PLC Update on Newcrest Drilling Results at Havieron

10/09/2019 7:01am

UK Regulatory (RNS & others)


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Greatland Gold PLC

10 September 2019

10 September 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")

Update on Newcrest Drilling Results at Havieron

Summary

-- Further excellent drill results from Newcrest's campaign at Greatland's Havieron project define a series of higher-grade zones within a broad envelope of mineralisation and extend mineralisation to the north by an additional 100 metres with the system remaining open.

-- Each of drill holes HAD012, HAD013 and HAD014 intersected significant widths of mineralisation (in excess of 100m at better than 2g/t gold) and higher-grade zones within those intersections, including an interval of 43m @ 7.9g/t Au, 0.83% Cu from 900m in HAD012.

-- Newcrest will complete Phase 1 drilling in September and commence Phase 2 of the Havieron exploration programme which includes plans to significantly increase the amount of both step out and infill drilling.

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce further excellent results from Newcrest's drilling campaign at Greatland's 100% owned Havieron licence in the Paterson region of Western Australia.

Greatland notes the release of an ASX announcement titled "Exploration Update - Havieron" by Newcrest Mining Ltd ("Newcrest") earlier today which highlights "Further high grade drill results at the Havieron Project".

Four drill rigs are currently operational, and six holes have been completed to date (HAD006 extension, HAD010-014) for a total of 6,166m of drilling. Final assay results have been received for HAD011, HAD012, HAD013 and HAD014 and are announced today.

Highlights of Drill Results:

-- HAD012: Hole HAD012 intersected mineralisation approximately 100 metres north of HAD005, assay results include:

o 139.4m @ 2.9g/t Au, 0.39% Cu from 865.7m, including

-- 43m @ 7.9g/t Au, 0.83% Cu from 900m

o 27m @ 0.99g/t Au, 0.10% Cu from 1,056m, including

-- 10m @ 2.5g/t Au, 0.20% Cu from 1,056m

-- HAD013: Hole HAD013 intersected mineralisation approximately 50 metres north of HAD005 and extended the known mineralisation to the west, assays results include:

o 100.9m @ 2.0g/t Au, 0.48% Cu from 479m, including

-- 36m @ 4.1g/t Au, 0.84% Cu from 481m

o 162.3m @ 0.89g/t Au, 0.17% Cu from 712m, including

-- 10.2m @ 2.5g/t Au, 0.69% Cu from 725.7m, and

-- 15.3m @ 2.2g/t Au, 0.17% Cu from 855m

o 146.1m @ 0.93g/t Au, 0.10% Cu from 917.9m

-- HAD014: Hole HAD014 intersected mineralisation to the west of and below hole HAD005, assays results include:

o 244.6m @ 2.0g/t Au, 0.40% Cu from 450m, including

-- 29.3m @ 4.0g/t Au, 0.86% Cu from 465m, and

-- 22.4m @ 4.3g/t Au and 0.82% Cu from 557m

o 75.3m @ 3.4g/t Au, 0.43% Cu from 816.6m, including

-- 13.2m @ 16g/t Au and 0.93% Cu from 859.3m

-- HAD011: There were no significant intersections from 903.8m to end of hole. All significant intersections in the upper zone to 903.8m were previously reported in the announcement released by the Company on 25 July 2019.

-- A further five holes are at various stages of progress (HAD015-019) and assay results are awaited.

Next steps for Havieron:

-- Phase 2 drilling programme initiated, which includes plans for a significant increase in the amount of both step out and infill drilling.

   --     A fifth drill rig is expected to commence operation in September 2019. 

-- The Havieron camp is currently being upgraded to provide additional facilities and Telfer continues to provide support to the project.

   --     Newcrest's minimum expenditure commitment (USD $5 million) expected to be met this month. 

Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: "We are delighted by these excellent results and by Newcrest's ongoing commitment to the exploration programme at Havieron. These results have defined a series of higher-grade zones within a broad envelope of mineralisation and provide further support to our view that Havieron has the potential to become a truly significant, underground mining operation in one of the most mining-friendly jurisdictions in the world.

"From a technical perspective, there are a number of positives contained within these results that I would highlight. First, each of drill holes HAD012, HAD013 and HAD014 intersected significant widths of mineralisation (in excess of 100m at better than 2g/t gold) and higher-grade zones within those intersections, including an interval of 43m @ 7.9g/t Au, 0.83% Cu from 900m in HAD012. Second, each of the three drill holes above extended the known mineralised envelope of the system, primarily to the north and the west. Third, these results establish a new peak gold grade for the system of 324.9g/t gold (in excess of 10 ounces of gold per tonne).

"We are very pleased that Newcrest has successfully advanced Phase 1 and is now initiating Phase 2 of their Havieron exploration programme which includes plans for a significant increase in the amount of drilling. We look forward to providing further updates on Newcrest's drilling campaign at Havieron and Greatland's ongoing exploration activities across the Paterson."

Background to Havieron and Farm-in Agreement with Newcrest

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.

Greatland's Paterson project covers more than 385 square kilometres in the Paterson region of Western Australia and includes the Havieron licence, the Paterson Range East licence, and the Black Hills licence.

Limited historical drilling was conducted by Newcrest Mining Limited at Havieron during the 1990s and early 2000s where six holes were drilled, all of which intersected significant alteration and gold plus copper anomalism. Thick lower grade zones of gold and copper were intersected by Newcrest and gold grades within these peaked at 15.4g/t and copper to 2.5%.

Greatland's drilling campaigns at Havieron during 2018 yielded excellent results, including:

   --     HAD001:       121m @ 2.9g/t Au and 0.23% Cu from 497m. 
   --     HAD003:       21m @ 3.8g/t Au and 0.44% Cu from 418m. 
   --     HAD005:       103m @ 3.5g/t Au and 0.93% Cu from 459m and; 

128m@ 7.4g/t Au and 0.54% Cu from 660m.

   --     HAD006:       54m @ 2.7g/t Au and 0.79% Cu from 471m and; 

179.1m @ 1.4g/t Au and 0.47% Cu from 547.9m.

   --     HAD008:       67m @ 2.0g/t Au and 0.91% Cu from 426m. 

A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson/

Newcrest Drilling and Operations at Havieron

The Havieron Project is operated by Newcrest under a farm-in agreement with Greatland. It is centred on a magnetic anomaly located 45km east of Telfer. The target is overlain by approximately 400m of post mineralised cover. Newcrest commenced drilling during the June 2019 quarter. Four rigs are operational at site, with a fifth drill rig expected to commence operation in September.

Six drill holes have been completed to date by Newcrest (HAD006, HAD010-014) for a total of 6,166m of drilling. Results from drill holes HAD006 (extension), HAD010 and HAD011 (to 903.8m) were reported in the announcement released by the Company on 25 July 2019. Results for drill holes HAD0011 (from 903.8m to eoh), HAD012, HAD013 and HAD014 are reported here. Holes HAD015 through HAD019 are currently at various stages of progress.

Hole HAD011 (upper zone to 903.8m previously reported 25 July 2019) intersected mineralisation under HAD005 to 903.8m. From 903.8m to 1275.6m (eoh) there were no significant intercepts.

Hole HAD012 intersected mineralisation approximately 100 metres north of HAD005. Assay results returned include:

   --     HAD012:       139.4m @ 2.9g/t Au, 0.39% Cu from 865.7m 

incl 43m @ 7.9g/t Au, 0.83% Cu from 900m

27m @ 0.99g/t Au, 0.10% Cu from 1056m

incl 10m @ 2.5g/t Au, 0.20% Cu from 1056m

Hole HAD013 intersected mineralisation approximately 50 metres north of HAD005 and extended the known mineralisation to the west. Assay results returned include:

   --     HAD013:       100.9m @ 2.0g/t Au, 0.48% Cu from 479m 

incl 36m @ 4.1g/t Au, 0.84% Cu from 481m

162.3m @ 0.89g/t Au, 0.17% Cu from 712m

incl 10.2m @ 2.5g/t Au, 0.69% Cu from 725.7m

and 15.3m @ 2.2g/t Au, 0.17% Cu from 855m

146.1m @ 0.93g/t Au, 0.10% Cu from 917.9m

Hole HAD014 intersected mineralisation to the west of and below hole HAD005. Assay results returned include:

   --     HAD014:       244.6m @ 2.0g/t Au, 0.40% Cu from 450m 

incl 29.3m @ 4.0g/t Au, 0.86% Cu from 465m

and 22.4m @ 4.3g/t Au and 0.82% Cu from 557m

75.3m @ 3.4g/t Au, 0.43% Cu from 816.6m

incl 13.2m @ 16g/t Au and 0.93% Cu from 859.3m

Results from drill holes HAD012 through HAD014 are considered outstanding. Higher-grade mineralised zones have been defined with new peak gold of 324.9g/t. Results have defined a series of higher-grade zones within a broad envelope of mineralisation and have extended mineralisation a further 100 metres to the north with the system remaining open.

Additional drill hole information is presented in Appendix I and tabulated drill hole intercepts are presented in Appendix II. In addition to this release, a PDF version of this report with supplementary information can be found at the Company's website at www.greatlandgold.com/media/jorc

Newcrest will complete Phase 1 drilling in September and commence Phase 2. Phase 2 includes plans for a significant increase in the amount of both step out and infill drilling. The newly operational Havieron camp is currently being upgraded to provide additional facilities. Telfer continues to provide support to the project.

Newcrest's minimum expenditure commitment (USD $5 million) is expected to be met during the current calendar month.

Competent Person:

Information in this announcement that relates to Havieron exploration results has been extracted from the following announcements:

"Exploration Update - Havieron", dated 10 September 2019

"Newcrest Quarterly Exploration Report - June 2019", dated 25 July 2019

Information in this announcement, which has been taken from Newcrest Mining Limited's announcement "Exploration Update - Havieron" dated 10 September 2019, has been reviewed and approved by Mr Mick Sawyer, a member of the Australian Institute of Geoscientists and a Registered Professional Geoscientist (R.P.Geo #10194), who has more than 15 years relevant industry experience. Mr Sawyer consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. The company confirms that it is not aware of any new information or data that materially affects the information included in the relevant market announcement. The company confirms that the form and context in which the information has been presented has not been materially modified. Mr Mick Sawyer, full time employee of Greatland Pty Ltd and Exploration Manager, has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person in accordance with the guidance note for Mining, Oil & Gas Companies issued by the London Stock Exchange in respect of AIM Companies, which outlines standards of disclosure for mineral projects.

Enquiries:

Greatland Gold PLC

Gervaise Heddle/Callum Baxter

Tel: +44 (0)20 3709 4900

Email: info@greatlandgold.com

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: +44 (0)20 3368 3550

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel: +44 (0)14 8341 3500

Numis Securities Limited (Joint Broker)

Matthew Hasson/John Prior/Alamgir Ahmed

Tel: +44 (0)20 7260 1000

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: +44 (0)20 7618 9100

Notes for Editors:

Greatland Gold plc is a London-listed (LON:GGP) natural resource exploration and development company with a current focus on gold, copper and nickel exploration projects.

The Company has six main projects; four situated in Western Australia and two in Tasmania. All projects are 100% owned by Greatland.

In March 2019, Greatland signed a Farm-in Agreement with Newcrest Operations Limited, a wholly-owned subsidiary of Newcrest Mining Limited (ASX:NCM), to explore and develop Greatland's Havieron gold-copper project in the Paterson region of Western Australia. Newcrest has the right to acquire up to a 70% interest in a 12-block area within E45/4701 that covers the Havieron target by spending up to US$65m.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is also actively investigating a range of new opportunities in precious and strategic metals and will update the market on new opportunities as and when appropriate.

APPIX I

Havieron Project (Greatland Gold plc farm-in agreement): JORC Table 1

Section 1 Sampling Techniques and Data

 
 Criteria              Commentary 
 Sampling techniques   Diamond core samples are obtained from diamond drilling 
                        in Proterozoic basement lithologies. PQ-HQ and NQ diameter 
                        diamond core was drilled on a 6m run. Diamond core 
                        was cut using an automated core-cutter and half core 
                        sampled at 1 m intervals with breaks for major geological 
                        changes. Sampling intervals range from 0.2 - 1.0 m. 
                        Cover sequences were not sampled. 
--------------------  -------------------------------------------------------------------- 
 Drilling techniques   Permian Paterson Formation cover sequence was drilled 
                        using mud rotary drilling. Depths of cover typically 
                        observed to approximately 420 m vertically below surface. 
                        Steel casing was emplaced to secure the pre-collar. 
                        Diamond drilling was advanced from the base of the 
                        cover sequence with PQ3, HQ3 and NQ2 diameter coring 
                        configuration. 
                        Diamond core from inclined drill holes are oriented 
                        on 6 m runs using an electronic core orientation tool 
                        (Reflex ACTIII). At the end of each run, the bottom 
                        of hole position is marked by the driller, which is 
                        later transferred to the whole drill core run length 
                        with a bottom of hole reference line. 
--------------------  -------------------------------------------------------------------- 
 Drill sample          Diamond core recovery is systematically recorded from 
  recovery              the commencement of diamond coring to end of hole, 
                        by reconciling against driller's depth blocks in each 
                        core tray with data recorded in the database. Drillers 
                        depth blocks provided the depth, interval of core recovered, 
                        and interval of core drilled. 
                        Diamond core recoveries were typically 100%, with isolated 
                        zones of lower recovery. 
                        Cover sequence drilling by the mud-rotary drilling 
                        did not yield recoverable samples. 
--------------------  -------------------------------------------------------------------- 
 Logging               Geological logging recorded qualitative descriptions 
                        of lithology, alteration, mineralisation, veining, 
                        and structure (for all diamond core drilled), including 
                        orientation of key geological features. 
                        Geotechnical measurements were recorded including Rock 
                        Quality Designation (RQD) fracture frequency, solid 
                        core recovery and qualitative rock strength measurements. 
                        Magnetic susceptibility measurements were recorded 
                        every metre. The bulk density of selected drill core 
                        intervals was determined at site on whole core samples. 
                        All geological and geotechnical logging was conducted 
                        at Havieron site. 
                        Digital data logging was captured on diamond drill 
                        core intervals only, and all data validated and stored 
                        in an AcQuire database. 
                        All drill cores were photographed, prior to cutting 
                        and/or sampling the core. 
--------------------  -------------------------------------------------------------------- 
 Sub-sampling          Sampling, sample preparation and quality control protocols 
  techniques            are considered appropriate for the material being sampled. 
  and sample            Diamond core was cut and sampled at the Telfer core 
  preparation           processing facility. Half core samples were collected 
                        in pre-numbered calico bags and grouped in plastic 
                        bags for dispatch to the laboratory. Sample weights 
                        typically varied from 0.5 to 4 kg. Sample sizes are 
                        considered appropriate for the style of mineralisation. 
                        Drill core samples were freighted by air and road to 
                        the laboratory. 
                        Sample preparation was conducted at Intertek Laboratory, 
                        Perth. Samples were dried at 105(o) C, and crushed 
                        to 95% passing 4.75 mm, and the split to obtain up 
                        to 3 kg sub-sample, which was pulverised (using LM5) 
                        to produce a pulped product with the minimum standard 
                        of 95% passing 106 <MU>m. 
                        Duplicate samples were collected from crush and pulp 
                        samples at a rate of 1:20. Duplicate results show an 
                        acceptable level of variability for the material sampled 
                        and style of mineralisation. 
                        Periodic size checks (1:20) for crush and pulp samples 
                        and sample weights are provided by the laboratory and 
                        recorded in the Acquire database. 
--------------------  -------------------------------------------------------------------- 
 Quality of            Assaying of diamond drill core samples was conducted 
  assay data            at Intertek, Perth. All samples were assayed for 48 
  and laboratory        elements using a 4-acid digestion followed by ICP-AES/ICP-MS 
  tests                 determination (method 4A/MS907). Gold analyses were 
                        determined by 50 g fire assay with AAS finish (method 
                        FA50N/AA). 
                        Sampling and assaying quality control procedures consisted 
                        of inclusion of certified reference material (CRMs), 
                        coarse residue and pulp duplicates with each batch 
                        (at least 1:20). 
                        Assays of quality control samples were compared with 
                        reference samples in AcQuire database and verified 
                        as acceptable prior to use of data from analysed batches. 
                        Laboratory quality control data, including laboratory 
                        standards, blanks, duplicates, repeats and grind size 
                        results are captured in Acquire database and assessed 
                        for accuracy and precision for recent data. 
                        Due to the limited extent of the drilling program to 
                        date, extended quality control programs are yet to 
                        be undertaken, whereby pulped samples will be submitted 
                        to an umpire laboratory and combined with more extensive 
                        re-submission programs. 
                        Analysis of the available QC sample assay results indicates 
                        that an acceptable level of accuracy and precision 
                        has been achieved and the database contains no analytical 
                        data that has been numerically manipulated. 
                        The assaying techniques and quality control protocols 
                        used are considered appropriate for the data to be 
                        used for reporting exploration drilling results. 
--------------------  -------------------------------------------------------------------- 
 Verification          Sampling intervals defined by the Geologist are electronically 
  of sampling           assigned sample identification numbers prior to core 
  and assaying          cutting. Corresponding sample numbers matching pre-labelled 
                        calico bags are assigned to each interval. 
                        All sampling and assay information were stored in a 
                        secure Acquire database with restricted access. 
                        Electronically generated sample submission forms providing 
                        the sample identification number accompany each submission 
                        to the laboratory. Assay results from the laboratory 
                        with corresponding sample identification are loaded 
                        directly into the Acquire database. 
                        Assessment of reported significant assay intervals 
                        was verified by re-logging of diamond drill core intervals 
                        and assessment of high-resolution core photography. 
                        The verification of significant intersections has been 
                        completed by company personnel and the Competent Person. 
                        No adjustments are made to assay data, and no twinned 
                        holes have been completed. 
--------------------  -------------------------------------------------------------------- 
 Location of           Drill collar locations were surveyed using a differential 
  data points           GPS with GNSS with a stated accuracy of +/- 0.5m (HAD012) 
                        and Handheld GPS with +/-3 m accuracy (HAD013 & HAD014). 
                        Drill rig alignment was attained using an electronic 
                        azimuth aligner. Downhole survey was collected at 6-12 
                        m intervals in the cover sequence, and every 6 m in 
                        diamond drill core segments of the drill hole. At the 
                        end of hole, all holes have been surveyed using a continuous 
                        gyro survey to surface (Axis Mining Champ Gyro). 
                        Topographic control is established from SRTM (1 second) 
                        topographic data and derived digital elevation model. 
                        The topography is generally low relief to flat, with 
                        an average elevation of 265 m, within dune corridors. 
                        All collar coordinates are provided in the Geocentric 
                        Datum of Australian (GDA94 Zone 51S). 
--------------------  -------------------------------------------------------------------- 
 Data spacing          The drill hole spacing ranges from 50 - 500 m in lateral 
  and distribution      extent within an area of 1.5 square kilometres. 
                        The current drill hole spacing does not provide sufficient 
                        information for the estimation of a Mineral Resource. 
                        Significant assay intercepts remain open. Further drilling 
                        is required to determine the extent of currently defined 
                        mineralisation. 
                        No sample compositing is applied to samples. 
--------------------  -------------------------------------------------------------------- 
 Orientation           Drilling of reported holes HAD012, HAD013 and HAD014 
  of data in            are oriented perpendicular to a central dolerite dyke. 
  relation to           The dolerite dyke has a north-south orientation, with 
  geological            drilling established on an east-west orientation. 
  structure             Drill holes exploring the extents of the Havieron Mineral 
                        System intersect moderately dipping carbonate and siliclastic 
                        sedimentary facies, mineralised breccia and sub-vertical 
                        intrusive lithologies. Steeply dipping mineralised 
                        zones with a north-south orientation have been interpreted 
                        from historic and Newcrest drill holes. 
                        There is presently insufficient information to confirm 
                        the geological model or true thickness of mineralised 
                        intervals. 
--------------------  -------------------------------------------------------------------- 
 Sample security       The security of samples is controlled by tracking samples 
                        from drill rig to database. 
                        Drill core was delivered from the drill rig to the 
                        Havieron core yard every shift. On completion of geological 
                        and geotechnical logging, core was transported by vehicle 
                        to Telfer core processing facility by Newcrest personnel. 
                        High resolution core photography and cutting of drill 
                        core was undertaken at the Telfer core processing facility. 
                        Samples were freighted in sealed bags by air and road 
                        to the Laboratory, and in the custody of Newcrest representatives. 
                        Sample numbers are generated directly from the database. 
                        All samples are collected in pre-numbered calico bags. 
                        Verification of sample numbers and identification is 
                        conducted by the laboratory on receipt of samples, 
                        and sample receipt advise issued to Newcrest. 
                        Details of all sample movement are recorded in a database 
                        table. Dates, Hole ID sample ranges, and the analytical 
                        suite requested are recorded with the dispatch of samples 
                        to analytical services. Any discrepancies logged at 
                        the receipt of samples into the analytical services 
                        are validated. 
--------------------  -------------------------------------------------------------------- 
 Audits or             Due to the limited duration of the program, no external 
  reviews               audits or reviews have been undertaken. 
                        Internal verification and audit of Newcrest exploration 
                        procedures and databases are periodically undertaken. 
--------------------  -------------------------------------------------------------------- 
 

Section 2 Reporting of Exploration Results

 
 Criteria                  Commentary 
 Mineral tenement          The Havieron Project is entirely contained within 12 
  and land tenure           sub-blocks of E45/4701, which is 100% owned by Greatland 
  status                    Pty Ltd. Newcrest has entered into an Exploration Farm-In 
                            agreement with Greatland Pty Ltd and Greatland Gold 
                            Plc effective 12 March, 2019, with Newcrest as Manager 
                            of the Havieron Project. 
                            There is a current ILUA (Indigenous Land Use Agreement) 
                            signed in December 2015 which extends to the Havieron 
                            Project. 
                            All obligations with respect to legislative requirements 
                            including minimum expenditure are maintained in good 
                            standing. The exploration licence E45/4701 was first 
                            granted 17(th) July 2017 for 5 years, expiring 16(th) 
                            July 2022. 
------------------------  --------------------------------------------------------------------------------------- 
 Exploration               Newcrest Mining Limited completed six diamond core 
  done by other             holes in the vicinity of the Havieron Project from 
  parties                   1991 to 2003. Greatland Gold completed drill targeting 
                            and drilling of 9 Reverse Circulation (RC) drill holes 
                            with diamond tails for a total of approximately 6,800 
                            m in 2018. Results of drilling programs conducted by 
                            Greatland Gold have previously been reported on the 
                            Greatland Gold web site. 
                            Drilling has defined an intrusion-related mineral system 
                            with evidence of breccia- and massive sulphide-hosted 
                            higher-grade gold-copper mineralisation. 
------------------------  --------------------------------------------------------------------------------------- 
 Geology                   The Havieron Project is located within the north-western 
                            exposure of the Palaeo-proterozoic to Neoproterozoic 
                            Paterson Orogen (formerly Paterson Province), 45 km 
                            east of Telfer. The Yeneena Supergroup hosts the Havieron 
                            prospect and consists of a 9 km thick sequence of marine 
                            sedimentary rocks, and is entirely overlain by approximately 
                            420 m of Phanerozoic sediments of the Paterson Formation 
                            and Quaternary aeolian sediments. 
                            Gold and copper mineralisation at Havieron consist 
                            of breccia, vein and massive sulphide replacement gold 
                            and copper mineralisation typical of intrusion-related 
                            and skarn styles of mineralisation. Mineralisation 
                            at the prospect is hosted by metasedimentary rocks 
                            (meta-sandstones, meta-siltstones and meta-carbonate) 
                            and intrusive rocks of an undetermined age. The main 
                            mineral assemblage contains well developed pyrrhotite-chalcopyrite 
                            and pyrite sulphide mineral assemblages as breccia 
                            and vein infill, and massive sulphide lenses. The main 
                            mineralisation event is associated with amphibole-carbonate-biotite-sericite-chlorite 
                            wall rock alteration. 
------------------------  --------------------------------------------------------------------------------------- 
 Drill hole                As provided. 
  Information 
------------------------  --------------------------------------------------------------------------------------- 
 Data aggregation          Significant assay intercepts are reported as (A) length-weighted 
  methods                   averages exceeding 1.0 g/t Au greater than or equal 
                            to 10 m, with less than 5 m of consecutive internal 
                            dilution; and (B) length-weighted averages exceeding 
                            0.2 g/t Au for greater than or equal to 20 m, with 
                            less than 10 m of consecutive internal dilution. No 
                            top cuts are applied to intercept calculations. 
------------------------  --------------------------------------------------------------------------------------- 
 Relationship              Significant assay intervals reported represent apparent 
  between mineralisation    widths. Insufficient geological information is available 
  widths and                to confirm the geological model and true width of significant 
  intercept lengths         assay intervals. 
------------------------  --------------------------------------------------------------------------------------- 
 Diagrams                  As provided. 
------------------------  --------------------------------------------------------------------------------------- 
 Balanced reporting        This is the second release of Exploration Results for 
                            this project made by Newcrest. The initial Newcrest 
                            release is dated the 25(th) July 2019. Earlier reporting 
                            of exploration programs conducted by Newcrest and Greatland 
                            Gold have previously been reported. Exploration drilling 
                            programs are ongoing and further material results will 
                            be reported in subsequent Newcrest releases. 
------------------------  --------------------------------------------------------------------------------------- 
 Other substantive         Nil. 
  exploration 
  data 
------------------------  --------------------------------------------------------------------------------------- 
 Further work              Further work is planned to evaluate exploration opportunities 
                            that extend the known mineralisation. Initial drilling 
                            conducted by Newcrest has confirmed higher grade mineralisation, 
                            broadened mineralised extents defined by prior drilling 
                            and extended the depth of observed mineralisation of 
                            the Havieron prospect. The results of drilling to date 
                            indicate the limits of mineralisation have not been 
                            closed off. Drilling programs at Havieron are ongoing, 
                            with additional drill rig(s) scheduled to commence 
                            in the Q2 FY20. 
------------------------  --------------------------------------------------------------------------------------- 
 

APPIX II

Drillhole Data

Havieron Prospect, Paterson, Western Australia

Reporting Criteria: Intercepts reported are Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 20m. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) or Cu >5000ppm (0.5%), and minimum 10m downhole width with maximum consecutive internal dilution of 10m. Au grades are reported to two significant figures.

 
 
 Hole ID    Hole    Easting   Northing   RL    Total   Azimuth   Dip    From    To (m)   Interval    Au      Cu      Cut 
            Type      (m)       (m)      (m)   Depth                     (m)               (m)      (ppm)   (pct)    Off 
                                                (m) 
--------  -------  --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD012    MR-DD    463803    7597709    258   1157      90      -65    509.9   540.1      30.2     0.25    0.02      Au 
          -------  --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD012                                                                 865.7    1005     139.4      2.9    0.39      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD012                                                          Incl    900     943        43       7.9    0.83      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD012                                                                 1056     1083       27      0.99    0.10      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD012                                                          Incl   1056     1066       10       2.5    0.20      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD013    MR-DD    464435    7597650    263   1254      270     -65     479    579.9     100.9      2.0    0.48      Au 
          -------  --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD013                                                          Incl    481     517        36       4.1    0.84      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD013                                                          Incl    525     535        10       2.0    0.72      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD013                                                          Incl    550     561        11       1.3    0.18      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD013                                                                  590     647        57      0.47    0.28      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD013                                                                  712    874.3     162.3     0.89    0.17      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD013                                                          Incl   725.7   735.8      10.2      2.5    0.69      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD013                                                          Incl    855    870.3      15.3      2.2    0.17      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD013                                                                 917.9    1064     146.1     0.93    0.10      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD013                                                                 1128    1149.8     21.8     0.25    0.02      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD014    MR-DD    463835    7597653    266    955      90      -65     450    694.6     244.6      2.0    0.40      Au 
          -------  --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD014                                                          Incl    465    494.3      29.3      4.0    0.86      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD014                                                          Incl    539     549        10       2.7    0.53      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD014                                                          Incl    557    579.4      22.4      4.3    0.82      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD014                                                                  705    731.6      26.6     0.99    0.81      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    0.2g/t 
 HAD014                                                                 816.6   891.9      75.3      3.4    0.43      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
                                                                                                                    1.0g/t 
 HAD014                                                          Incl   859.3   872.5      13.2     16.0    0.93      Au 
                   --------  ---------  ----  ------  --------  -----  ------  -------  ---------  ------  ------  ------- 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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September 10, 2019 02:01 ET (06:01 GMT)

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