Appointment of Chief Financial Officer

RNS Number : 5925E

Greatland Gold PLC

08 July 2021

 

This announcement contains inside information for the purposes of Article  7 of Market Abuse Regulation (Regulation 596/2014) (as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended).

8 July 2021

Greatland Gold plc

("Greatland" or the "Company")

Appointment of Chief Financial Officer

Greatland Gold plc (AIM:GGP), the precious and base metals exploration and development company, is pleased to announce the appointment of Christopher Toon as Chief Financial Officer of the Company, in a non-Board role, with effect from Monday 12 July 2021.

Christopher is a senior finance professional with a track record of overseeing the development of fast-growing mining businesses. Since beginning his career as a chartered accountant with PwC, Christopher has held senior finance roles with a number of SGX and ASX listed businesses, including Sakari Resources Limited, Aquila Resources Limited, Iluka Resources Limited and most recently with Sandfire Resources Limited.

Shaun Day, Chief Executive Officer of Greatland   Gold plc , commented: "We are delighted to welcome Christopher as our new CFO. An experienced and respected operator, Christopher brings considerable expertise in guiding publicly quoted mining companies through periods of rapid growth and transformation. This skillset will be an immense asset to Greatland as we progress Havieron up the value curve and develop the wider business."

Commenting on his appointment, Christopher Toon said: "Greatland is regarded across Australia as one of the most exciting and dynamic companies in the natural resources sector. Underpinned by its world-class flagship asset, tier one partner and exploration profile, the business is now entering a key growth phase and is well placed to scale at speed. I look forward to working with Shaun, the Board and the wider team to support these ambitious plans."

Further information in relation to Christopher Toon

As part of his appointment, Mr Toon will receive up to 2,000,000 performance shares subject to the achievement of certain performance criteria.

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For further information:

Greatland Gold PLC

Shaun Day/Callum Baxter

Tel: [phone]

Email: [e-mail]

www.greatlandgold.com

SPARK Advisory Partners Limited (Nominated Adviser)

Andrew Emmott/James Keeshan

Tel: [phone]

Berenberg (Joint Corporate Broker and Financial Adviser)

Matthew Armitt/Jennifer Wyllie/Detlir Elezi

Tel: [phone]

Canaccord Genuity (Joint Corporate Broker and Financial Adviser)

James Asensio/Patrick Dolaghan

Tel: [phone]

Hannam & Partners (Joint Corporate Broker and Financial Adviser)

Andrew Chubb/Matt Hasson/Jay Ashfield

Tel: [phone]

SI Capital Limited (Joint Broker)

Nick Emerson/Alan Gunn

Tel:  [phone]

Luther Pendragon (Media and Investor Relations)

Harry Chathli/Alexis Gore/Joe Quinlan

Tel: [phone]

Notes for Editors:

Greatland Gold plc is a London Stock Exchange AIM-listed (AIM:GGP) natural resource exploration and development company with a current focus on precious and base metals.

The Company's flagship asset is the world class Havieron gold-copper deposit in the Paterson region of Western Australia. This asset is held in joint venture with Newcrest Mining Ltd. Havieron is located approximately 45km east of Newcrest's Telfer gold mine, processing plant and existing infrastructure.

Commencement of the decline to develop the Havieron orebody commenced in May 2021. In addition, a substantial ongoing growth drilling programme is presently underway at Havieron which is being undertaken in conjunction with the preparation of a Pre-Feasibility Study ("PFS"). The PFS is expected to be released in late calendar 2021.

The Joint Venture Agreement includes tolling principles reflecting the intention of the parties that, subject to positive decision to mine, the resulting joint venture mineralised material will be processed at Telfer.

Greatland is seeking to identify large mineral deposits in areas that have not been subject to extensive exploration previously. It is widely recognised that the next generation of large deposits will come from such under-explored areas and Greatland is applying advanced exploration techniques to investigate a number of carefully selected targets within its focused licence portfolio.

The Company is actively investigating a range of new opportunities in Australia for precious and strategic metals.

 

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