Greatland Gold PLC New Venture Collaboration - Metal Tiger Australia (8611O)
November 10 2016 - 4:30AM
UK Regulatory
TIDMGGP
RNS Number : 8611O
Greatland Gold PLC
10 November 2016
10 November 2016
Greatland Gold plc
("Greatland" or "the Company")
New Venture Collaboration with Metal Tiger Australia
Greatland Gold plc (LON:GGP), the London Stock Exchange AIM
listed precious and base metals exploration and development
business is pleased to announce that it has signed a Memorandum of
Understanding ("MoU") with Metal Tiger Australia Pty Limited
("MTA") regarding a collaboration on new ventures.
Highlights
-- Greatland Gold and MTA have signed an MoU to explore and
cooperate on new opportunities in the precious metals and strategic
base metals sectors;
-- Greatland and MTA will explore project level joint venture
and/or co-investment opportunities in the precious and base metal
sectors globally, but with a primary focus on Australia and
Asia;
-- Greatland and MTA will discuss the viability of establishing
an ASX-listed vehicle primarily focused on Australian-based
projects in these sectors;
-- The MoU is for an initial period of 12 months which can be extended if both parties agree.
Callum Baxter, Executive Director, commented: 'We are delighted
to announced this MoU with Metal Tiger Australia regarding a
collaboration on new ventures which we hope will provide Greatland
with a significantly expanded set of attractive opportunities in
the precious and strategic base metal sectors over the next few
years.
While there has been a notable recovery in the mining sector
during the course of 2016, Greatland maintains the view that the
valuations on early stage exploration assets, particularly unlisted
private assets, remain relatively depressed. We believe this
collaboration with Metal Tiger Australia will dramatically enhance
our ability to expand our portfolio of exciting Australian-based
projects in the precious and strategic base metal sectors.'
New Venture Collaboration
Greatland Gold plc and MTA have signed a MoU to explore and
cooperate on new opportunities in the precious metals and strategic
base metals sectors. The MoU is for an intitial period of 12 months
which can be extended if both parties agree.
The highlights of the MoU are as follows:
-- Greatland and MTA will explore project level joint venture
and/or co-investment opportunities in the precious metals and
strategic base metals sectors on a global basis, but with a primary
focus on Australian and Asia;
-- Recognising the relative scale of both companies, MTA will
proactively inform Greatland of early-stage exploration projects it
considers to be attractive but that are too early stage for MTA.
Moreover, Greatland will actively inform MTA of attractive
exploration and development projects that Greatland believes are
too large or too complex for Greatland to execute;
-- Greatland and MTA will work together to expand and solidify
their network of industry contacts with a view to increasing new
project lead generation; and
-- Greatland and MTA will discuss the viability of establishing
an ASX-listed company that will focus primarily on Australian-based
projects in the precious and strategic base metals sectors.
-- Both parties will work on a best efforts basis to collaborate
on new ventures as outlined in terms above.
Enquiries:
Greatland Gold PLC
Callum Baxter/Gervaise Heddle
Tel +44 (0)20 7747 9980
Email: info@greatlandgold.com
www.greatlandgold.com
SPARK Advisory Partners Limited (Nominated Adviser)
Mark Brady/Sean Wyndham-Quin/James Keeshan
Tel +44 (0)20 3368 3550
SI Capital Limited (Broker)
Nick Emerson / Andy Thacker
Tel +44 (0)14 8341 3500
Notes for Editors:
Greatland Gold plc is London listed (LON:GGP) natural resource
exploration and development company with a current focus on gold
and nickel exploration projects.
The Company has five main projects; three situated in Western
Australia and two in Tasmania. All projects are 100% owned by
Greatland or Greatland has the right to take 100% ownership.
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 also actively investigating a range of new
opportunities in precious and strategic metals and will update the
market on new opportunities as and when appropriate.
Note: This announcement contains inside information which is
disclosed in accordance with the Market Abuse Regulation.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCMMMMMLGVGVZG
(END) Dow Jones Newswires
November 10, 2016 04:30 ET (09:30 GMT)
Greatland Gold (LSE:GGP)
Historical Stock Chart
From Apr 2024 to May 2024
Greatland Gold (LSE:GGP)
Historical Stock Chart
From May 2023 to May 2024