Greatland Gold PLC - mine developer and explorer in Western Australia - Completes the process to determine the option price for an additional 5% interest under the joint venture agreement in the Havieron joint venture. Sets the option price at $60 million. Says Australia’s Newcrest Mining Ltd can acquire the interest at this price from Greatland. The Havieron copper-gold project is located in west Australia. It is operated by Newcrest under a joint venture agreement with Greatland. Newcrest holds a stake of 70% and Greatland holds a 30% stake.

Greatland says seven drill rigs are on site at Havieron, and the drilling programmes continues to identify high-grade mineralisation extensions.

Current stock price: 11.35 pence, up 13% on Thursday

12-month change: down 40%

Copyright 2022 Alliance News Limited. All Rights Reserved.