The grant awarded is the result of a successful application under the exploration incentive scheme (EIS). Greatland is eligible to receive a grant up to AUS$200 000 (£115, 000) to co-fund drilling and mobilisation costs, within 12 months of the grant.
Shaun Day, Managing Director of Greatland Gold plc, commented: “The drilling grant for the Rudall licence will accelerate our programme to test targets in this area of the Paterson. Testing of priority targets delivers the opportunity to unlock the exploration option value of the portfolio.”
The Rudall licence covers an area of approximately 65 km2 approximately 20 km south-southeast of Greatland’s Havieron gold-copper resource. The licence is considered to be prospective for Havieron and Telfer style gold/copper occurrences.
