Greatland Gold discusses updated Havieron resource and reserve estimate from JV partner Newmont
London, UK
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February 22, 2024 10:50 AM Eastern Standard Time
Greatland Gold (AIM:GGP) managing director Shaun Day joined Proactive's Stephen Gunnion to discuss an updated Reserve and Resource for the Havieron gold-copper project released by joint venture partner Newmont.
Newmont’s update includes 4.9 million gold equivalent ounces in the Indicated Mineral Resource category, closely aligning with Greatland Gold's estimate of 5 million ounces.
Day discussed the differences in reporting standards between Greatland's JORC code and Newmont's SK-1300, and the resulting differences between Greatland’s and Newmont’s reserve and resource estimates.
Greatland Gold remains highly confident in its Mineral Resource estimate of 8.4 million gold equivalent ounces and will continue to report under JORC. Greatland Gold PLC is a mining development and exploration company focused primarily on precious and base metals.
The company’s flagship asset is the world-class Havieron gold-copper project in the Paterson Province of Western Australia, discovered by Greatland and presently under development in a joint venture with Newmont.
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