Greatland Gold announces plans to list on the ASX

Greatland Gold (LSE: GGP), a leading mining development and exploration company, has announced its plans to list on the ASX later this year.

This move is a significant milestone for the company, as it seeks to enhance its capital markets profile, provide access to deeper pools of capital to support longer-term growth, and increase equity research and institutional investor ownership of the company.

Greatland’s flagship asset, the world-class Havieron gold-copper project, is presently under development in joint venture with ASX gold major, Newcrest Mining Limited.

To support its growth strategy and ASX listing, Greatland has appointed Yasmin Broughton as an Independent Non-Executive Director of the Company.

Broughton’s expertise in corporate law, mergers and acquisitions, governance, risk management, compliance, and regulation will further strengthen Greatland’s Board ahead of the ASX listing.

Greatland remains committed to its UK shareholders and the AIM market and will remain listed on AIM in addition to the ASX listing.

If the corporate reorganisation is undertaken, it will be effected through a scheme of arrangement under the Companies Act 2006 (UK) and will require shareholder approval.

The development of the Havieron project is a positive development for Western Australia, as it is located in a relatively under-explored region with significant potential for the discovery of large-scale mineral deposits.

The project will bring significant economic benefits to the region, including job creation and increased export revenues, as well as support the growth of the local supply chain and contribute to the development of skills and expertise in the mining sector.

Greatland’s commitment to delivering multi-project exploration upside in a low-risk jurisdiction also bodes well for Western Australia’s mining sector.

The company’s use of advanced exploration techniques to pursue the next generation of tier-one mineral deposits is an encouraging sign for the future of mining in the state.

Overall, Greatland’s ASX listing and the development of the Havieron project are positive developments for Western Australia and the state’s mining sector.