Good morning
Some media reports about the possible listing of Greatland Gold on ASX.
Greatland is headquartered in London and their operations are based in Australia. The company is listed on the AIM market of the London Stock Exchange (AIM: GGP). Australian Operations are contained within this link:
greatlandgold.com
The company's 'flagship' is its Havieron gold-copper project, Paterson region, Western Australia, which was discovered by Greatland and presently under development in joint venture with Newcrest. Havieron is located approximately 45km east of Newcrest's existing Telfer gold mine. The box cut and decline to develop the Havieron commenced in February 2021. It is rcw1's understanding that Havieron is intended to leverage the existing Telfer infrastructure and processing plant. This is very advantageous for a number of reasons, reduction in costs, mainly.
2023/24: Targeting commercial production within c.3 years of commencement of boxcut; subject of course to a positive decision to mine vote.
Note: Andrew Forrest's, Wyloo has 8.60% equity.
Greatland Gold Says ASX Listing Preparations on Track
Published: May 16, 2023 at 4:13 a.m. ET
By Anthony O. Goriainoff (Dow Jones Newswires)
Greatland Gold said Tuesday that its preparations to list on Australia's ASX remained on track and that it had been evaluating whether to conduct a potential equity raise as part of the process. The London-listed mining company said that although it has held preliminary discussions with investment banks, it hasn't made any decision on the capital raise nor has it formally mandated any investment bank in connection with the ASX listing. The company said it was targeting a cross-listing on the ASX during the quarter starting September 2023 subject to the required approvals.
Greatland said it was responding to a media article that said it appointed Bank of America to assist in the listing and that it was seeking to raise between 50 million and 100 million Australian dollars ($33.5 million-$67 million).
Response:
NEWS RELEASE | 16 May 2023
ASX Listing - Response to media article
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc (AIM:GGP; Greatland or Company) refers to an article published in The Australian Financial Review's Street Talk column today titled "Greatland ramps up listing preparations, BofA nabs role" (AFR Article). The AFR Article reports that Greatland has appointed Bank of America to assist with its listing on the Australian Securities Exchange (ASX) and that the Company is seeking to raise between A$50 million and A$100 million.
Greatland confirms that consistent with its most recent RNS Announcement titled "Non-Executive Director Appointment and ASX Listing Update" dated 2 May 2023, the Company is continuing to advance preparations for a cross-listing on the ASX and that this is targeted to occur during the September 2023 quarter subject to required approvals (ASX Listing).
Greatland confirms that its ASX Listing preparations remain on track and it has been evaluating whether to conduct a potential equity capital raising as part of that process.
Whilst preliminary discussions have been held with investment banks, Greatland advises that the Company has not made any decision as to whether to conduct a capital raising nor has it formally mandated any investment banks in connection with the ASX Listing. Greatland will keep shareholders informed on all material developments as it continues to evaluate and progress the ASX Listing as and when required by AIM Rules.
Nice one
rcw1 will be watching this one. Kindly conduct your own due diligence and have a very nice day, today.
Kind regards
rcw1
Some media reports about the possible listing of Greatland Gold on ASX.
Greatland is headquartered in London and their operations are based in Australia. The company is listed on the AIM market of the London Stock Exchange (AIM: GGP). Australian Operations are contained within this link:
Projects - Greatland Gold (LSE:GGP)
Greatland Gold has six projects across Australia located in highly prospective geological areas.
greatlandgold.com
The company's 'flagship' is its Havieron gold-copper project, Paterson region, Western Australia, which was discovered by Greatland and presently under development in joint venture with Newcrest. Havieron is located approximately 45km east of Newcrest's existing Telfer gold mine. The box cut and decline to develop the Havieron commenced in February 2021. It is rcw1's understanding that Havieron is intended to leverage the existing Telfer infrastructure and processing plant. This is very advantageous for a number of reasons, reduction in costs, mainly.
2023/24: Targeting commercial production within c.3 years of commencement of boxcut; subject of course to a positive decision to mine vote.
Note: Andrew Forrest's, Wyloo has 8.60% equity.
Significant shareholders
The company has been notified of the following significant shareholders. Significant shareholders are those holding 3% or more of the shares in issue excluding treasury shares.| Name | Number of Ordinary Shares | % of Issued Share Capital |
| Wyloo Consolidated Investments Pty Ltd | 430,024,390 | 8.60% |
| Van Eck Associates Corporation | 209,377,376 | 4.58% |
| Five Diggers Pty Ltd | 138,981,150 | 3.04% |
Greatland Gold Says ASX Listing Preparations on Track
Published: May 16, 2023 at 4:13 a.m. ET
By Anthony O. Goriainoff (Dow Jones Newswires)
Greatland Gold said Tuesday that its preparations to list on Australia's ASX remained on track and that it had been evaluating whether to conduct a potential equity raise as part of the process. The London-listed mining company said that although it has held preliminary discussions with investment banks, it hasn't made any decision on the capital raise nor has it formally mandated any investment bank in connection with the ASX listing. The company said it was targeting a cross-listing on the ASX during the quarter starting September 2023 subject to the required approvals.
Greatland said it was responding to a media article that said it appointed Bank of America to assist in the listing and that it was seeking to raise between 50 million and 100 million Australian dollars ($33.5 million-$67 million).
Response:
NEWS RELEASE | 16 May 2023
ASX Listing - Response to media article
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.
Greatland Gold plc (AIM:GGP; Greatland or Company) refers to an article published in The Australian Financial Review's Street Talk column today titled "Greatland ramps up listing preparations, BofA nabs role" (AFR Article). The AFR Article reports that Greatland has appointed Bank of America to assist with its listing on the Australian Securities Exchange (ASX) and that the Company is seeking to raise between A$50 million and A$100 million.
Greatland confirms that consistent with its most recent RNS Announcement titled "Non-Executive Director Appointment and ASX Listing Update" dated 2 May 2023, the Company is continuing to advance preparations for a cross-listing on the ASX and that this is targeted to occur during the September 2023 quarter subject to required approvals (ASX Listing).
Greatland confirms that its ASX Listing preparations remain on track and it has been evaluating whether to conduct a potential equity capital raising as part of that process.
Whilst preliminary discussions have been held with investment banks, Greatland advises that the Company has not made any decision as to whether to conduct a capital raising nor has it formally mandated any investment banks in connection with the ASX Listing. Greatland will keep shareholders informed on all material developments as it continues to evaluate and progress the ASX Listing as and when required by AIM Rules.
Nice one
rcw1 will be watching this one. Kindly conduct your own due diligence and have a very nice day, today.
Kind regards
rcw1
