Greatland Gold plc (AIM: GGP), the precious and base metals exploration and development company, is pleased to announce that its new Chief Executive Officer, Shaun Day, has today commenced his role at the Company.
As announced on 15 December 2020, Shaun Day succeeds Gervaise Heddle, who will remain on the Board and part of the Executive team until 12 March 2021 to ensure a smooth transition. Shaun Day is a seasoned industry executive with over 20 years of experience in leadership positions across established mining and infrastructure, investment banking and international accounting firms. He has extensive experience in capital markets with a track record of leading successful transactions including M&A of publicly listed companies, farm-in agreements and raising capital.
Shaun Day, Chief Executive Officer of Greatland Gold plc, said: 'I join Greatland at a very exciting time for the business and with a strong platform in place to drive further growth. Greatland will continue to progress its core strategy - advancing Havieron while pursuing value from our other exploration targets with tier-one potential. Beyond this, I intend to apply my experience from growing major mining companies to oversee the development of Havieron and to scale-up the wider business.
'2021 is set to be an exciting year for Greatland as we embark on multiple exploration campaigns in the Paterson province. Havieron continues to evolve and we are confident that it will further expand in scale as Newcrest undertakes its extensive growth drilling programme over the next six months, with a view towards potential commencement of mining operations within three years. In addition, we are preparing the imminent launch of the 2021 exploration programme for the Juri Joint Venture, which will test multiple high priority targets, as we finalise plans to conduct further exploration across our 100% owned targets in the highly prospective Paterson region.
'There is significant opportunity ahead of us and I am looking forward to creating further value for shareholders.'
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Notes for Editors
Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals. The Company has six main projects; four situated in Western Australia and two in Tasmania.
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 deposit in the Paterson region of Western Australia. The Havieron Project is operated by Newcrest under a Joint Venture Agreement with Greatland Gold plc. Newcrest can earn up to a 70% joint venture interest through total expenditure of US$65 million and the completion of a series of exploration and development milestones in a four-stage farm-in over a six year period that commenced in March 2019. Newcrest may acquire an additional 5% interest at the end of the farm-in period at fair market value.
The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration program and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer, located 45km west of Havieron.
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.