In the Buy Zone, page-291

Seems like our JV partner is getting ready to go mining

Greatland Gold announces transformational board appointments, funding for Havieron gold-copper deposit
Greatland said it plans to undertake a cross-listing on the Australian Securities Exchange


Greatland Gold PLC (AIM:GGP, OTC:GRLGF) said it has secured up to A$340mln (£200mln) in new funding that it expects will fully fund its 30% share of developing the world-class Havieron gold-copper deposit in Western Australia into production, and unveiled three transformational board appointments.

The AIM-traded development and exploration company said three of Australia's top corporate and mining industry leaders will be joining its board to help with its transition into a gold and copper producer.

Mark Barnaba, an eminent natural resources investment banker and deputy chair of A$50bn ASX-listed Fortescue Metals Group (ASX:FMG) Ltd will become Greatland’s non-executive chairman, and Elizabeth Gaines, former Fortescue chief executive and managing director, will become a non-executive director and deputy chair.

They both intend to take up a consulting role with effect from today before joining the board on or before January 1, 2023.

James 'Jimmy' Wilson, a former senior executive at BHP Group including the former president of its iron ore division, will also join Greatland as an executive director from today.

Greatland said it plans to undertake a cross-listing on the Australian Securities Exchange to increase liquidity and provide additional access to capital.