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GREATLANDGOLD 9 March 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 " ) Interim Results Greatland Gold plc ( AIM : GGP ) , the precious and base metals mineral exploration and development company , announces its unaudited results for the six months ended 31 December 2020 . Operational highlights The Company made significant progress in the first six months of the financial year , consolidating its reputation as one of the most successful operators in the Paterson region of north - western Australia as it delivered the initial Mineral Resource estimate at its Havieron project . • Havieron delivers initial Mineral Resource estimate and accelerates development ○ Initial Inferred Mineral Resource estimate of 52Mt @ 2.0g / t Au , 0.31 % Cu or 2.5g / t AuEq for 3.4Moz Au , 160Kt Cu or 4.2Moz AuEq¹ , with mineralisation open outside of the resource shell and potential to grow the resource over time O о о • о • Commenced preparation for the construction of the box cut and decline with A $ 146 million ( US $ 112 million ) in funding approved by Newcrest Mining Limited ( " Newcrest " ) Board Four successive sets of excellent , high - grade results from Newcrest drilling between July 2020 and January 2021 resulted in : Expanded footprint of mineralisation : additional zones of mineralisation identified to the east , north and north - west Best intercept to date : infill drilling returns further high - grade results , including the best intercept to date , 120.7m @ 9.3g / t Au and 0.18 % Cu from 1349.3m ( HAD065W2 ) Newcrest commencing 65,000 metre growth drilling campaign ; Stage 3 of Farm - in Agreement completed and up to nine drill rigs operational Juri JV - Second joint venture signed with Newcrest in the Paterson region Entered into a farm - in and joint venture agreement with Newcrest to accelerate exploration at Greatland's Black Hills and Paterson Range East licences O ○ Two - stage farm - in over five years , including a A $ 3 million minimum commitment for Stage 1 Newcrest has right to earn up to a 75 % interest in licences by spending up to A $ 20 million Advancing strategy to discover potential Tier - 1 gold - copper deposits in the Paterson Multiple new targets identified at Scallywag and first three drill holes intersect prospective target lithologies and pathfinder element anomalism O 1 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 both gold and copper have a reasonable potential to be recovered and sold .