Greatland Gold CEO says Panorama nickel find enhances portfolio's resilience
London, UK
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November 30, 2023 08:14 AM Eastern Standard Time
Greatland Gold PLC (AIM:GGP, OTC:GRLGF) managing director Shaun Day speaks to Thomas Warner from Proactive after the mining development and exploration company announced that surface sampling across its Panorama East, Panorama and Panorama North tenement has confirmed the area is prospective for nickel.
Day says the company achieved a series of nickel strikes, particularly in grid pattern NIO4, suggesting a 14-km strike length with high nickel concentrations. Despite relative oversupply of nickel in the global market currently, Day says he's pleased with the discovery not least because diversification will further enhance the resilience of the company's portfolio.
Greatland plans to further explore these anomalies with surface testing and potentially more intensive investigations if nickel continues to be found. Day also commented on the company's recent share price increase, attributing it to several factors. These include the favourable gold price, especially in Australian dollars, and the company's progress in de-risking its operations.
He says that resolving uncertainties about joint venture partners and updating mineral resource estimates have contributed to this positive trend.
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