Gervaise Heddle, Chief Executive Officer of Greatland Gold plc, commented: “It is a very exciting time at Havieron as drilling accelerates to define the potential scale of the deposit and preliminary work begins to determine potential mining methods. We are very pleased by Newcrest’s ongoing commitment and look forward to providing further updates on progress at Havieron.”
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business, notes the release of a presentation by Newcrest Mining Limited (“Newcrest”) to be given by the Managing Director and Chief Executive Officer of Newcrest, Sandeep Biswas, at the Bank of Montreal Global Metals and Mining Conference on 24 February 2020.
The presentation provides an update on Newcrest’s progress at Havieron and further details on studies currently underway.
Highlights
· 8 drill rigs in operation at Havieron, up from 6 rigs previously.
· Newcrest investigating the potential to start an exploration decline at Havieron by end of calendar year 2020.
· Studying both a stoping operation and the potential for a bulk underground mine.
· Investigating potential to achieve commercial production within approximately 2-3 years from commencement of decline.
Greatland notes that studies being performed by Newcrest are subject to all necessary permits, regulatory requirements and Newcrest Board approval and further works.
