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22 July 2021

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK VERSION OF THE MARKET ABUSE REGULATION NO 596/2014 WHICH IS PART OF ENGLISH LAW BY VIRTUE OF THE EUROPEAN (WITHDRAWAL) ACT 2018, AS AMENDED.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Gold plc

("Greatland" or "the Company")

Havieron Development and Exploration Update

Excellent Growth Drilling results continue to support potential for resource expansion with additional mineralisation identified in Northern and Eastern Breccias

Several exciting results from the South East Crescent, extending the high grade mineralisation beneath the initial Inferred Resource estimate

Early works progressing with the Karlajartu decline officially opened and advanced to 69m from Portal

Greatland Gold plc (AIM:GGP), the precious and base metals mining and exploration company and Joint Venture owner of the world class Havieron gold-copper project, is pleased to provide an update on the drilling campaign at the Havieron gold-copper project in the Paterson region of Western Australia. The Company notes the release of an ASX announcement titled "Quarterly Exploration Report" by Newcrest Mining Ltd ("Newcrest") earlier today.

Drilling activities since the last update include new results from the Growth Drilling programme, which continue to support the potential for resource expansion of the Havieron gold-copper project.  

The latest results comprise seven new drill holes from the Growth Drilling programme (not previously reported), with all holes intersecting significant mineralisation. Newcrest has now completed a total of 184,081m of drilling from 212 holes to date, with all the latest holes continuing to intersect significant mineralisation.

Highlights

§ Further significant results from Growth Drilling continue to support the potential for resource expansion within the Havieron gold-copper mineralised system

o  Growth Drilling continues to confirm extensions to the high grade South East Crescent and the Northern Breccia mineralisation below and around the initial Inferred Mineral Resource estimate.

o  HAD138 (Northern Breccia) reported 84.5m @ 2.0 g/t Au & 0.05 % Cu from 683m, Including 12.7m @ 6.0 g/t Au & 0.01 % Cu from 685.3m.

§ 2021 Growth Drilling is progressing into FY22

o  A further 15 Growth drill holes have been completed with samples awaiting assay, anticipated to be received and reported in the next update.

o  These holes are part of the ongoing Growth Drilling programme, targeting:

§ North West Crescent and Northern Breccia: Zone of initial focus aimed at providing support for the potential expansion of the existing Inferred Mineral Resource.

§ Eastern Breccia: Drill testing and interpretation of the geological and mineralisation controls is ongoing.

§ South East Crescent and Breccia: Targeting potential resource definition of extensions below the existing resource shell and lateral extensions adjacent to the existing high-grade resource shell.

§ New Targets: Identified outside of the immediate vicinity of the Havieron deposit, but within the Havieron Joint Venture area, with the potential to conduct drill testing of these targets in the future.

§ Early Works advancing: Construction activities are progressing well with achievements including (as of 14 July 2021):

o  Box cut and portal completed in May 2021

o  Exploration decline commenced on 14 May 2021 and has advanced 69 metres

o  Decline contractor has moved to 24-hour operations

o  All surface support infrastructure is nearing completion

Best New Results (not previously reported)

Northern Breccia¹

§ HAD138

o  84.5m @ 2.0 g/t Au & 0.05 % Cu from 683m

o  Including 12.7m @ 6.0 g/t Au & 0.01 % Cu from 685.3m

§ HAD136W1

o  36.2m @ 2.7 g/t Au and 0.09 % Cu from 988.8m; and

o  201.0m @ 0.45 g/t Au & 0.09 % Cu from 1050m

[1] All widths reported here and below are downhole widths, generally greater than true widths.

Shaun Day, Chief Executive Officer of Greatland Gold plc, commented: "There is a tremendous amount of activity and excitement with the progress across the Havieron gold-copper project. In addition to the intensity of the drilling programme, the decline development is now maintaining 24-hour operations and the surface support infrastructure is nearing completion."

"The drilling programme keeps on delivering with every hole continuing to hit significant mineralisation while also growing the scale of the Project. Drilling has identified several exciting results from the South East Crescent, extending the high grade mineralisation beneath the initial Inferred Resource estimate."

"The ongoing success from each set of drill results builds confidence in the world class nature of the Havieron gold-copper project and its potential to expand. This de-risks the project as we progress it towards potential production and adds further upside to the value of the deposit."

"With 15 intersections awaiting assay, the volume of information available is expected to significantly expand with our next update as we continue to grow our understanding and scale of the Havieron gold-copper project."

Results from the seven Growth Drilling holes reported in the last update ("Further Excellent Growth Drilling Results at Havieron", dated 10 June 2021) and reported in Newcrest's Quarterly Exploration Report are also included below.

Analytical results for new drilling from HAD057W6, HAD089W2, HAD097W4, HAD099, HAD099W1, HAD136W1 and HAD138 (partial results) have been received and are announced today, along with results from HAD086W1, HAD089W1, HAD096W1, HAD097W3, HAD106W2, HAD133, and HAD136 which were completed early in the Quarter and have been previously reported. Selected significant intercepts are presented in Table 1.

Table 1 - Selected Significant Havieron Intercepts.

^^ previously reported; ** Partial result

Reporting Criteria are listed in Appendix II

In addition to this release, a PDF version of this report with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc/ 

Enquiries:

Further Information on Newcrest Drilling and Operations at Havieron

Exploration activities at Havieron are operated by Newcrest under a Joint Venture Agreement with Greatland. The Havieron deposit is centered on a magnetic anomaly located 45km east of Telfer. Exploration drilling by Greatland during 2018 resulted in the discovery of gold and copper mineralisation under 420m of post mineralisation cover. Newcrest commenced drilling at Havieron during the June 2019 quarter and have completed 184,081m of drilling from 212 holes to date (excluding holes in progress, abandoned holes, or drill holes which have not been sampled).

Drilling activities from 29 drill holes resulted in 25,418m of drilling completed since 31 March 2021. Results from 14 of 29 holes drilled have been received, with 9 holes returning significant assay intercepts in excess of 100 gram metres Au (Au_ppm x length).

Drilling activity during the period utilised up to eight drill rigs, and the results reported today include seven new drill holes (completed since the last release dated 10 June 2021). A further 15 holes have been completed but with assay results pending. Results from the seven "Growth Drilling" holes reported in the last update ("Further Excellent Growth Drilling Results at Havieron", dated 10 June 2021) and reported in Newcrest' Quarterly are also included below. All drilling reported here is from Growth Drilling with a focus on the North West Crescent, Northern Breccia Zone, depth extensions of the South East Crescent and Breccia, and drilling to test the extents of the Eastern Breccia.

Significant new results are presented in Table 1, and full drilling results are presented in Appendix II. Drilling in the reporting period was designed to support potential resource growth at the South East Crescent, Northern Breccia, and Havieron system extents and Eastern Breccia including:  

·    South East Crescent Zone - four drill holes completed, with assay results reported for two drill holes

·    Northern Breccia - 21 drill holes completed, with assay results reported for 12 drill holes

·    Eastern Breccia - four drill holes completed, all assays pending

At the South East Crescent, four drill holes targeting resource extensions on 75m x 75m spacing for up to 200m below the initial Inferred Mineral Resource extents have been completed. Results from two drill holes have been received, with previously reported holes HAD086W1^^ and HAD133^^ extending the high-grade mineralisation ~80m below the base of the Inferred Mineral Resource estimate. These intercepts are also below previously reported hole HAD065W2^^ (120.7m @ 9.3 g/t Au & 0.18 % Cu from 1,349.3m, including 26.6m @ 34 g/t Au & 0.23 % Cu from 1,384.4m). Assay results from two further drill holes HAD133W1 and HAD133W2 are pending. Further drilling is planned to continue to assess the lower RL resource extensions of the South East Crescent zone.

Results from HAD086W1 and HAD133 include:

·    HAD086W1^^

o  99.7m @ 2.5g/t Au & 0.85% Cu from 1,308m

o  including 50.4m @ 4.3g/t Au & 1.6% Cu from 1,313.6m

·    HAD133^^

o  85m @ 11g/t Au & 0.29% Cu from 1,345m

o  including 13m @ 32g/t Au & 0.46% Cu from 1,363m

o  including 14.5m @ 32g/t Au & 0.33% Cu from 1,396.5m

Three further drill holes drilled to test lower target positions in the Northern Breccia traversed the South East Crescent Zone, within the current Inferred Mineral Resource footprint including HAD097W3^^, HAD097W4 and HAD136^^. Results demonstrate good alignment with modelled grade and thickness within the South East Crescent zone which further supports the geological model including continuity of high grade.

Results include:

·    HAD097W3^^

o  47.8m @ 2.3g/t Au & 0.28% Cu from 620.2m

o  including 28.3m @ 3.8g/t Au & 0.45% Cu from 639.7m

·    HAD097W4

o  50m @ 1.1 g/t Au & 0.04 % Cu from 1,051m

o  including 10m @ 2.0 g/t Au & 0.04 % Cu from 1,081m

·    HAD136^^

o  55.2m @ 2.5g/t Au & 0.65% Cu from 501m

o  including 24.5m @ 5.4g/t Au & 0.95% Cu from 506.8m

At the Northern Breccia, 21 drill holes have been completed, with results from 12 drill holes reported. Drilling has targeted the Northern Breccia mineralisation footprint on a 75m x 75m target spacing to allow for a full assessment of the potential resource footprint in this zone (previously limited by drill spacing). Drilling has extended the mineralised breccia footprint around the Inferred Mineral Resource extents with reported drill holes supporting extensions to breccia mineralisation. Drilling has confirmed and increased the continuity of mineralisation as a north-west mineralised corridor which has been identified up to 300m in length, and 100m wide, between 4300 - 4100mRL and remains open at depth. Higher grade mineralisation has been identified internal to the mineralised breccia corridor. The results support the potential for incremental resource extensions.

Results include:

·      HAD057W6

o  25.1 m @ 2.3g/t Au & 0.03% Cu from 1,123.4m

o  including 13.4m @ 4.0g/t Au & 0.06% Cu from 1,127.5m

·    HAD089W1^^

o  81.3m @ 1.2g/t Au & 0.04% Cu from 1,009.7m

·    HAD136W1

o  36.2m @ 2.7 g/t Au & 0.09 % Cu from 988.8m

o  201m @ 0.45 g/t Au and 0.09% Cu from 1050m

·    HAD138

o  84.5m @ 2.0 g/t Au & 0.05 % Cu from 683m

o  Including 12.7m @ 6.0 g/t Au & 0.01 % Cu from 685.3m

At the Eastern Breccia four drill holes have been completed, with results from all drill holes pending. Drilling has targeted along strike from prior reported drill holes HAD083 (184.7m @ 1.8 g/t Au and 0.18% Cu from 1098m; and 134m @ 1.4 g/t Au and 0.04% Cu from 1529m) and HAD084 (342.2m @ 2.0 g/t Au and 0.11% Cu from 1536.8m), over a strike length of approximately 600m. Drill testing and interpretation of the geological and mineralisation controls of the Eastern Breccia Zone is ongoing.

All drill rigs are currently operational on the growth drilling programme, including testing extensions of the South East Crescent Zone below 4,200mRL, extension and definition of the Northern Breccia and associated internal higher-grade zones to support potential expansion of the existing Inferred Mineral Resource. Additionally, drilling programmes are focussed on defining the system footprint of the Havieron deposit, including Eastern Breccia.

Drilling since May 2019 has outlined an ovoid shaped zone of variable brecciation, alteration and sulphide mineralisation with dimensions of 650m x 350m trending in a north west orientation. Breccia mineralisation has been identified internally and externally to the Crescent zones, including targets which remain open to the east, northwest and southeast. Mineralisation has been observed to greater than 1,000m in vertical extent below the around 420m thick post mineral cover sequence and remains open at depth. Within this ovoid shaped zone (at this stage) exploration has identified four key target regions, which are:

§ South East Crescent and Breccia

§ North West Crescent

§ Northern Breccia; and

§ Eastern Breccia

Drill data density in the South East Crescent and adjacent Breccia and a portion of the Northern Breccia has been sufficient for the definition of an Inferred Mineral Resource Estimate¹ for these domains. Reported inside an A$50/t Net Smelter Return ("NSR") shell, the volume of identified mineralised geological domains where information to estimate the metal inventory and grades is at a sufficient magnitude and having the reasonable prospects of eventual economic extraction comprises:

§ 52Mt @ 2.0g/t Au and 0.31% Cu for 3.4Moz Au and 160Kt Cu for 4.2Moz gold equivalent², included in geological domains:

o  Crescent Zone containing 18Mt @ 3.8g/t Au and 0.61% Cu for 2.2Moz Au and 110Kt Cu; and

o  Breccia Zone containing 34Mt @ 1.1g/t Au and 0.15% Cu for 1.2Moz Au and 50Kt Cu.

[1] Refer to Newcrest announcement titled "Newcrest announces initial Inferred Mineral Resource estimate for Havieron of 3.4Moz of gold and 160Kt of Copper" dated 10 December 2020 and available on www.asx.com.au under the code "NCM".

2 The gold equivalent (AuEq) is based on assumed prices of US$1,400/oz Au and US$3.40/lb Cu, gold recoveries of 94% (Crescent) and 84% (Breccia), and copper recoveries of 84% (Crescent) and 82% (Breccia), which equates to a formula of approximately AuEq = Au (g/t) + 1.65 * Cu (%).  In Greatland's opinion all elements (gold and copper) have a reasonable potential to be recovered and sold

Mineralisation in the Havieron deposit is hosted by metasedimentary (meta-sandstones, meta-siltstones and meta-carbonate) and intrusive rocks. Gold and copper mineralisation is hosted in breccia, vein and massive sulphide replacement styles, typical of intrusion-related and skarn types of mineralisation. The main sulphide mineral assemblage contains well developed pyrrhotite-chalcopyrite and pyrite. Alteration assemblages associated with mineralisation are amphibole-carbonate-biotite-sericite-chlorite. Higher-grade gold zones (+10g/t Au) are often associated with quartz/chalcopyrite-pyrite veining.

Outside of the Initial Inferred Mineral Resource Estimate, mineralisation remains open with encouraging results identified from below the South East Crescent and Breccia Zone, and around the Northern Breccia Zone (including the new results reported here), and the Eastern Breccia Zone. The extents of the Havieron system are still to be defined.

Currently, all drill rigs are operational on the Growth Drilling programme with a focus on the North West Crescent, Northern Breccia Zone and depth extension of the South East Crescent and Breccia. This drilling is aimed to provide support for the potential expansion of the existing Inferred Mineral Resource estimate. Drill testing and interpretation of the geological and mineralisation controls of the Eastern Breccia Zone is ongoing.

Further targets outside of Havieron, but within the Havieron Joint Venture area, have been identified with the potential to conduct drilling to test these targets in the future.

Construction update

Newcrest received the required regulatory approvals to commence construction of an exploration decline at Havieron following approval of the Water Management Plan on 30 April 2021.

Construction activities are progressing to plan with achievements as at 14 July 2021 including:

·    Box cut and portal completed in May 2021

·      Exploration decline commenced on 14 May 2021 and has advanced 69 metres

·      Decline contractor has moved to 24 hour operations

·      All surface support infrastructure is nearing completion

Works to progress the necessary approvals and permits that are required to commence the development of an operating underground mine and associated infrastructure at the Project are ongoing¹.

The Havieron Pre-Feasibility Study in expected to be released in the second half of CY21.

Additional drill hole information is presented in Appendix I and tabulated drill hole intercepts are presented in Appendix II. A 3D schematic plan view of Crescent Sulphide Zone and Breccia target zones is shown in Figure 1, a schematic horizontal slice through the Crescent Sulphide Zone and Breccia hosted mineralisation is shown in Figure 2, drill hole locations are shown in Figure 3 and Cross Sections are shown in Figures 4 and 5.

[1]The development of any underground mine at the Havieron Project will also be subject to the completion of a successful exploration programme and further studies, market and operating conditions, Board approvals, and a positive decision to mine.

Background to Havieron and Joint Venture Agreement with Newcrest

The Havieron copper-gold project is operated by Newcrest under a Joint Venture Agreement with Greatland. As announced on 30 November 2020, Newcrest has now met the Stage 3 expenditure requirement (US$45 million) and is entitled to earn an additional 20% joint venture interest, resulting in an overall joint venture interest of 60% (Greatland 40%). 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 following completion of Stage 4 at fair market value.

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration programme 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.

Juri Joint Venture

On 30 November 2020, Newcrest announced its entry into the Juri Joint Venture. Juri is a farm-in and joint venture agreement with Greatland Gold with respect to its Black Hills and Paterson Range East projects, located within the Paterson Province approximately 50km from the Telfer operation. The joint venture covers an area of approximately 248km².

Under the terms of the agreement, Newcrest has been granted an initial 25% joint venture interest with the potential to earn up to a 75% joint venture interest through total expenditure of A$20 million over a two stage earn-in, across a five-year period. Greatland Gold will manage the Juri Joint Venture until the end of calendar year 2021, after which Newcrest has the right to be appointed as Manager.

Initial scout drill testing of the Goliath, Outamind and Los Diablos targets in the Paterson Range East area has been completed. Assay results are pending. Subsequent work programmes for the next period, including drilling, will focus on the Parlay target within the Black Hills Project.

A regional map showing the Havieron licence area with regional targets and adjacent landholdings can be found at: www.greatlandgold.com/paterson

A version of this release with the full images and diagrams can be found on the Company's website: www.greatlandgold.com/media/jorc/ 

Figure 1. 3D Plan view schematic showing the spatial association of the South East Crescent + Breccia, North West Crescent, Northern Breccia and Eastern Breccia targets. 

Figure 2. Plan view schematic of a horizontal slice at 4700mRL through the Crescent Sulphide Zone and Breccia-hosted Zones, showing the extents of the December 2020 Inferred Resource, 0.5 and 1.0 g/t Au Leapfrog^TM grade shells with the newly reported intercepts for this period shown in red trace. Also shown is the Eastern Breccia, Northern Breccia and North West Crescent mineralisation outlines projected to the 4700mN section - drilling is ongoing to confirm the extent of these zones. Drilling reported in the 10th June 2021 announcement is shown in blue trace. Previously reported holes are shown in the inset figure, assay results are not displayed for clarity.

Figure 3. Schematic plan view map showing the location of drill hole cross sections, drill hole locations and significant intercepts reported in this release superimposed on the interpreted geology. Previously reported holes are not shown for the sake of clarity. Note some holes and results appear on multiple sections due to the sections orientation and sections overlap.

Figure 4. Schematic cross section of geology and significant new drillhole intercepts (looking northwest, Section Line S1, +/-75m section width, as shown in Figure 3). Due to section spacing and orientation holes may appear on multiple sections.

Figure 5. Schematic cross section of geology and significant new drillhole intercepts (looking southwest, Section Line S2, +/-75m section width, as shown in Figure 3). Due to section spacing and orientation holes may appear on multiple sections.

Competent Person:

Information in this announcement that relates to exploration results has been extracted from the following announcements:

"Quarterly Exploration Report", dated 22 July 2021 (Newcrest)

"Further Excellent Growth Drilling Results at Havieron", dated 10 June 2021 (Greatland)

"Exploration Update", dated 10 June 2021 (Newcrest)

"Excellent Growth Drilling Results at Havieron", dated 29 April 2021 (Greatland)

"Quarterly Exploration Report", dated 29 April 2021 (Newcrest)

"Further Outstanding Infill Drilling Results at Havieron", dated 11 March 2021 (Greatland)

"Exploration Update", dated 11 March 2021 (Newcrest)

"Newcrest Reports Further Drilling Results at Havieron", dated 28 January 2021 (Greatland)

"Quarterly Exploration Report", dated 28 January 2021 (Newcrest)

"Newcrest Reports Further Drilling Results at Havieron", dated 10 December 2020 (Greatland)   

"Exploration Update", dated 10 December 2020 (Newcrest)

"Initial Inferred Mineral Resource Estimate for Havieron", dated 10 December 2020 (Greatland) 

"Initial Inferred Mineral Resource Estimate for Havieron", dated 10 December 2020 (Newcrest) 

"Drilling Results at Havieron Highlight Potential New Eastern Breccia Target", dated 29 October 2020 (Greatland)

"Quarterly Exploration Report", dated 29 October 2020 (Newcrest)

"Latest Drilling Results at Havieron Highlight Potential Bulk Tonnage Target", dated 10 September 2020 (Greatland) 

"Exploration Update", dated 10 September 2020 (Newcrest) 

"Newcrest Identifies New Zone of Breccia Mineralisation at Havieron", dated 23 July 2020 (Greatland)

"Quarterly Exploration Report", dated 23 July 2020 (Newcrest)

"Further Outstanding Drill Results from Havieron", dated 11 June 2020 (Greatland)

"Exploration Update", dated 11 June 2020 (Newcrest)

"Newcrest Reports Further Outstanding Drill Results at Havieron", dated 30 April 2020 (Greatland)

"Quarterly Exploration Report", dated 30 April 2020 (Newcrest)

"Newcrest Reports Further Outstanding Drill Results at Havieron", dated 11 March 2020 (Greatland)

"Exploration and Guidance Update", dated 11 March 2020 (Newcrest)

"Further Outstanding Drill Results at Havieron", dated 30 January 2020 (Greatland)

"Quarterly Exploration Report", dated 30 January 2020 (Newcrest)

"New Outstanding Drill Results at Havieron Extend the Strike Length of High-Grade Mineralisation", dated 2 December 2019 (Greatland)

"Exploration Update - Havieron", dated 2 December 2019 (Newcrest)

"Further High-Grade Drilling Results from Newcrest's Campaign at Havieron", dated 24 October 2019 (Greatland)

"Quarterly Exploration Report - September 2019", dated 24 October 2019 (Newcrest)

"Update on Newcrest Drilling Results at Havieron", dated 10 September 2019 (Greatland)

"Exploration Update - Havieron", dated 10 September 2019 (Newcrest)

"First Results from Newcrest's Drilling Campaign at Havieron", dated 25 July 2019 (Greatland)

"Newcrest Quarterly Exploration Report - June 2019", dated 25 July 2019 (Newcrest)

Information in this announcement pertaining to Reporting of Exploration Results, which has been taken from Newcrest Mining Limited's announcement titled "Quarterly Exploration Report", dated 22 July 2021, has been reviewed and approved by Mr John McIntyre, a Member of the Australian Institute of Geoscientists (MAIG), who has more than 30 years relevant industry experience. Mr McIntyre is an employee of the Company and has no financial interest in Greatland Gold plc or its related entities. Mr McIntyre has sufficient experience relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined by the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas Companies, which outline standards of disclosure for mineral projects. Mr McIntyre consents to the inclusion in this announcement of the matters based on this information in the form and context in which it appears. Mr McIntyre confirms that the Company is not aware of any new information or data that materially affects the information included in the relevant market announcements, and that the form and context in which the information has been presented has not been materially modified.

Additional information on the project can be found on the Company's website at www.greatlandgold.com/paterson/ 

In addition to this release, a PDF version of this report with supplementary information can be found at the Company's website: www.greatlandgold.com/media/jorc 

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's flagship asset is the world class Havieron gold-copper project in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.

The box cut for the decline to develop the Havieron ore body was commenced in February 2021. The portal was complete in April 2021 and the decline commenced later that month. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with preparation of a Pre-Feasibility Study ("PFS"). Newcrest is managing the preparation of the PFS which is expected to be released in H2 2021.

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to a successful exploration programme and feasibility study and a positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.

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 actively investigating a range of new opportunities in Australia for precious and strategic metals and will update the market on new opportunities as and when appropriate.

APPENDIX I

Havieron Project (Greatland Gold plc - Joint Venture Agreement): JORC Table 1

Section 1 Sampling Techniques and Data

Section 2 Reporting of Exploration Results

APPENDIX II

Drillhole Data

Havieron Project, Paterson, Western Australia

Reporting Criteria: Intercepts reported are downhole drill width (not true width) Au >0.20ppm (0.2g/t Au) and minimum 20m downhole width with maximum consecutive internal dilution of 10m. Average grades are based on length-weighting of uncut sample grades. Also highlighted are high grade intervals of Au >1.0ppm (1g/t Au) and minimum 10m downhole width with maximum consecutive internal dilution of 5m, and intervals of >30g/t with no internal dilution which are greater or equal to 30 gram metres (Au_ppm x length) are tabled. Gold grades are reported to two significant figures, the downhole lengths are rounded to 0.1m which may cause some apparent discrepancies in interval widths. Samples are from core drilling which is PQ, HQ or NQ in diameter. Core is photographed and logged by the geology team before being cut. Half core PQ, HQ and NQ samples are prepared for assay and the remaining material is retained in the core farm for future reference. Each assay batch is submitted with duplicates and standards to monitor laboratory quality. Total depth (end of hole) is rounded to one decimal place for reporting purposes. Collars denoted "^^" have been reported previously.

^#drilling in progress. **partial intercept, assays pending. ^updated intercept. ^^previously reported intercept.