Greatland Gold plc announced that it has been granted a new Exploration Licence E38/3775 (Mount Smith) covering 555km2 at the Ernest Giles Project (Ernest Giles). Highlights: E38/3775 covers more than 50km of strike length of the highly prospective Ernest Giles Yilgarn Craton Archean greenstone belt, with very limited previous exploration. The existing land access agreement covers the new tenement and allows on-ground activities this year as part of Greatland's broader Ernest Giles Project program.

Geologically, the complexity of the structure on the Mount Smith tenement combined with favourable lithologies, makes it ideal for the formation of structurally controlled orebodies as seen throughout the Eastern Goldfields. Exploration Licence E38/3775 - Mount Smith: The newly granted Mount Smith tenement is within the Manta Rirrtinya native title determination and is covered by the land access agreement signed by Greatland with the Manta Rirrtinya Native Title Holders in September 2023. The grant of Mount Smith gives renewed access(1) to a further ~50km of strike extent of the Ernest Giles Archean greenstone belt and structures.

This more than doubles the previous accessible strike length. Mount Smith hashistorically very limited on-ground exploration, withonly four reverse circulation (RC) holesdrilled throughout the entire 555km2 area. Three of these were logged as not reaching bedrock and therefore not testing the target, while the depth of cover in the one effective hole was logged as 369m.

No significant bedrock mineralisation was identified. The highly magnetic interpreted banded iron sediments (BIF - first order magnetic anomalies shown inFigure 1) within the Mount Smith tenement wrap into a crustal scale fault on the eastern side of the tenement. This unit is also disrupted by a large fault on the tenements western edge.

Further disruption and structural complexity displayed in the tenure including potential isoclinal folding and/or thrust faulting has resulted in repetition of the BIFs. Dilation zones and fluid pathways resulting from these events are likely to be highly prospective for structurally controlled gold systems as seen throughout the Eastern Goldfields. Planned work at Ernest Giles: At Mount Smith the intended work program for 2024 is to: carry out on-ground reconnaissance to confirm access and assess cover depth; improve the geophysical interpretation focusing on identifying likely dilational areas and fluid pathways; and work with a geophysical consultant to plan and carry out a geophysical survey to best confirm these targets prior to drilling.

At Ernest Giles more broadly, a ground based induced polarity (IP) electrical survey testing for mineralisation related sulphide alteration and 5,000m of infill drilling is planned targeting structural dilation zones and trap sites in favourable lithologies at the Meadows prospect, commencing in H2 2024.