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GGP Greatland Gold Plc

5.74
-0.16 (-2.71%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Greatland Gold Plc LSE:GGP London Ordinary Share GB00B15XDH89 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.16 -2.71% 5.74 5.70 5.80 5.95 5.65 5.95 23,082,118 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 0 -21.12M -0.0041 -14.02 292.7M

Greatland Gold Shares Rise on Deposit Expansion in Australia

30/01/2020 10:42am

Dow Jones News


Greatland Gold (LSE:GGP)
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From Apr 2019 to Apr 2024

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By Adriano Marchese

 

Greatland Gold PLC (GGP.LN) shares rose in early trade Thursday after the company said a drilling campaign at its Havieron deposit in Western Australia continues to expand the extent of mineral deposits and demonstrates continuity of mineralization.

At 1058 GMT, shares were up 0.58 pence, or 20%, at 3.49 pence.

The AIM-listed metal exploration-and-development company said that Newcrest Mining Ltd. (NCM.AU), with which it has a farm-in agreement, found grades that were "unique for this region" and that the company will progress and accelerate its evaluation of the opportunity there.

The company said there is an additional 20,000 to 30,000 meters of drilling planned over the next two quarters to support the potential delivery of a maiden resource by the end of 2020.

"These latest drill results and the initial observed dimensions of the deposit provide further evidence that Havieron represents a significant gold-copper discovery," Chief Executive Gervaise Heddle said.

Newcrest has the right to acquire up to a 70% interest in a 12-block area of the Havieron deposit with investment of up to $65 million, the company added.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

January 30, 2020 05:27 ET (10:27 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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