RNS Sept 2015
Callum Baxter, CEO, commented: "Due to challenging market conditions, Greatland has altered its strategy. We will now focus on our more advanced exploration assets, whilst significantly reducing our exposure to early stage mineral exploration. We are actively seeking new opportunities for near term production and are currently evaluating several projects in jurisdictions outside of Australia."
Ernest Giles Project, Western Australia
The Ernest Giles project is located in central Western Australia and includes gold mineralisation and nickel prospective rocks. The area is covered by desert sands and sediments, making it virtually unexplored.
Greatland has drilled several sites recently, with many targets deemed too deep and early stage to be pursued at present. As such only two core areas will be retained with the balance of the licence areas relinquished; the areas to be retained include the Meadows and Carnegie licences.
Greatland is planning drilling for the Meadows area and considering surface geophysics for the Carnegie target.
https://polaris.brighterir.com/public/g ... ry/drmjq2r