Published on: July 5, 2016
Since our last update, Greatland Gold has produced its interim results for the current financial year, introduced new members to its Board, raised further equity and put in place two drilling programmes. With new Board members bringing further mining experience to the business, the rejuvenated team has stated that it intends to accelerate plans to exploit the existing pipeline of internal projects and actively seek new external opportunities to capitalise on current depressed valuations in the sector. This refocussed strategy has resulted in the announcement of preparations to drill at the Bromus and Ernest Giles projects. As at 21 June 2016, Greatland noted that it had around £875,000 at bank and no debt.