Published on: September 24, 2014
A series of encouraging developments
Since our last publication on Greatland Gold, the company has released a series of encouraging updates on its projects and raised more funds. Its most recent announcement highlights several new targets at its Western Australian projects and the disposal of Lackman Rock project licences. Importantly, discovery of the Carnegie nickel sulphide prospect in the Ernest Giles area confirms a shift in focus for Greatland from almost exclusively gold to gold and nickel at a time of increasing nickel prices. To provide the company with better focus on the locations with the highest potential for economic deposits, it has also reduced the licenced areas both in the south of the Bromus project and in the Warrentinna project area. We shall revisit our forecasts once the Company has published its FY14 results, due to be released during Q4 2014.