Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to announce that it has been granted a new Exploration Licence E52/4342 (Woodlands) covering 134km2 as the inaugural tenement in the Mt Egerton Project (Mt Egerton).

Highlights
§ Exciting new gold-copper exploration project established in the Gascoyne region, located 230km north of the Meekatharra gold camp

§ Greatland targeted the region as potentially having mantle tapping structures, an essential ingredient in large scale gold and copper systems

§ Woodlands tenement includes a 25km strike length in a structurally complex geological setting which is potentially a very favourable mineralisation trap site

§ The tenement is significantly under-explored, with open file data recording very limited drilling and soil sampling, none of which was assayed for gold

§ Indigenous Land Use Agreement already in place provides expedited pathway to on-ground exploration work

Greatland Managing Director, Shaun Day, commented:

"We are delighted by the grant of the Woodlands tenement at our new Mt Egerton gold-copper project, which further enhances our excellent exploration portfolio with a new front in a highly prospective region of Western Australia.

Our exploration team identified Mt Egerton as an excellent regional and local geological setting for the discovery of major gold and copper deposits. With the successful grant of our first tenement, we will now work to compile and interpret available data to plan systematic, targeted exploration on the ground in the near future.

We are proud of Greatland's proven track record of discovery and exploration success, and Mt Egerton presents a further opportunity to put our advanced exploration techniques to work in an under-explored region in pursuit of tier-one gold and copper deposits."

Native title and land access

The newly granted Woodlands tenement is within the Nharnuwangga Wajarri and Ngarlawangga (NWN) native title determination and is covered by an existing Indigenous Land Use Agreement (ILUA) signed between the Government of WA and the Jidi Jidi Aboriginal Corporation (JJAC). The ILUA applies to any tenure within the area by the tenement holder entering into a prescribed form heritage agreement with JJAC, which Greatland has requested. This is expected to provide a significantly expedited pathway to on-ground exploration activities at Woodlands.

Geological setting

The Mt Egerton Project lies within an east west trending wedge of folded Proterozoic metasediments developed in the Edmund Basin (Figure 1), wedged between the northern margin of the Archean Yilgarn craton and the southern margin of the Pilbara Craton to the north. This is a major deep seated structural boundary which is interpreted as a likely conduit region for metals from the mantle, and a highly prospective setting for the discovery of gold and base metals deposits.
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