Greatland Gold PLC (LON:GGP), a precious and base metals exploration and development company, announced the start of the underground decline access at its Havieron gold-copper joint venture project in Western Australia.
“This is a momentous step in the development of Havieron as a world-class gold-copper mine,” said Greatland chief executive Shaun Day. “I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.”
Exploration activities at Havieron are operated by Newcrest Mining Ltd (ASX:NCM) under a joint venture agreement.
“By providing access to the top of the orebody, the decline sets Havieron on course to become a large, multi-commodity, bulk tonnage, underground mining operation,” said Day. “Alongside the ongoing growth drilling, the next key milestone will see the completion of a Pre-Feasibility Study and we are on track to deliver this in the second half of 2021.”