Published on: October 28, 2013

Western Australian Gold Projects update

Following the August announcement of further progress at its three projects in Tasmania, Greatland Gold has delivered the promised update on its Western Australian projects. Again, there is significant positive news. A new target has been identified within the exciting Ernest Giles project while further geochemical targets have been found at Bromus and there is confirmation of gold prospective rocks at Lackman Rock.

Between the two updates on its projects, Greatland has raised further capital (taking the total raised in FY14 so far to £675,000) and reported results for its financial year to the end of June 2013. Those results were well within expectations and featured carefully controlled exploration investment. Our estimated loss per share for FY14 reduces from 0.12p to 0.09p (partly reflecting the higher share count following the placings) and we introduce our estimates for FY15.