Greatland Gold Applies for New Exploration Licences in the Gascoyne Region

Greatland Gold plc has applied for four new exploration licenses covering 126km2 of ground in the Gascoyne region of Western Australia. The licenses were identified through a prospectivity study conducted by Greatland and are believed to be prospective for precious and base metals deposits similar to those found at the Havieron and Telfer projects. The Yannarie project, where the licenses are located, is situated within the Capricorn Orogeny and is considered underexplored. The area has shallow cover and is known to have mineral occurrences including gold, copper, uranium, and manganese. Greatland will engage with the Traditional Owners for land access and heritage considerations before the licenses are granted. A review of previous work will also be conducted to define exploration targets.

Greatland Gold's Managing Director, Shaun Day, stated that the addition of these tenements to the company's portfolio demonstrates their focus on identifying and securing prospective ground. He also mentioned that the Yannarie project complements their upgraded portfolio of priority projects, including the Paterson and Ernest Giles projects.

The Yannarie project is located approximately 300km southwest of Maitland in the Gascoyne Province. The geology of the area consists mainly of Palaeoproterozoic metasedimentary and intrusive rocks with minor alluvial and colluvial cover. The region has several interpreted long-lived crustal-scale structures that may provide pathways for gold and base metal mineralization. The Capricorn Orogen, where the project is situated, is comparable to other Proterozoic Orogens in Western Australia known to host large mineral deposits.

Greatland Gold is primarily focused on precious and base metals mining development and exploration. Their flagship asset is the Havieron gold-copper project in the Paterson Province, which is being developed in a joint venture with Newcrest Mining Limited. The company has a proven track record of discovery and exploration success and is pursuing the next generation of tier-one mineral deposits.