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  • Writer's pictureMark Watson-Mitchell

Greatland Gold – responds to Australian press article concerning a listing on the ASX market

Greatland Gold – responds to Australian press article concerning a listing on the ASX market, which is currently buzzing with the Newmont bid


The precious and base metals mining development and exploration group Greatland Gold (LON:GGP) has responded to an article in The Australian Financial Review’s Street Talk column, which was entitled ‘Greatland ramps up listing preparations, BofA nabs role’.


In today’s announcement answering the press mention, the group has not specifically confirmed that it has appointed Bank of America to assist with the ASX listing, nor the suggestion that it has been chosen to raise between A$50m and A$100m in the process.


As we highlighted earlier this month the group has appointed a new Non-Executive Director that could help speed the procedure in the ‘cross-listing’ for the £407m capitalised resources business.


The company has confirmed that it has held preliminary talks with various potential advisers, but no decisions have been made as yet.


The whole Australian gold mining scene has perked up over the last few days as the Newmont Corporation $17.5bn bid for Newcrest Mining has been recommended by the latter to its shareholders.


Newcrest Mining is a partner with Greatland Gold on the Havieron gold-copper project in Paterson Province in Western Australia.


Greatland Gold, whose shares have eased 11% today to 7.35p, has a number of exploration interest in WA, while it is expected that Havieron will be developed into a significant scale project.


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