Greatland plans to leverage the exploration insights gained at Havieron to prioritise and accelerate exploration at key targets across its Paterson licences.
Greatland has identified multiple targets within its licences with a similar geophysical signature to Havieron and is working on prioritising those targets for 2019.
The company is currently finalising plans for exploration programmes at Black Hills and Scallywag.
It will also keep its eye out for potential acquisitions and may divest less attractive projects.
There is plenty of money for all this work too. Investment for Havieron has been secured, while Greatland had approximately £4mln in cash as at 31 December 2018.
"We are thrilled with Greatland's progress over the last year which has taken the Company to a new level in its development,” said Gervaise Heddle, Greatland’s chief executive.
“The farm-in agreement with Newcrest represents a cornerstone for Greatland on which we plan to build a large and valuable business focused on potential tier-one gold-copper projects.”