Well positioned for 2018
Greatland is well financed to pursue several ambitious exploration campaigns across its exciting portfolio of 100% owned projects in 2018. We expect Greatland to capitalise on successful campaigns at Ernest Giles, Havieron and Panorama this year, and to launch field exploration at the recently acquired Black Hills gold project. In May 2017, Greatland signed an agreement granting Newmont Exploration access to the Ernest Giles project tenements and exploration data for six months, with a right of first refusal on any deal during that period. While it is clearly disappointing that Newmont has not pursued the opportunity further, the group’s involvement defined a new large gold anomaly and Greatland remains committed to an exploration programme using Newmont’s survey results. In our view, Ernest Giles remains an exciting project in which a methodical exploration campaign, using the latest available technology, is gradually unveiling what could be a major new goldfield in the Yilgarn block.