Greatland Gold plc, a precious and base metals exploration and development company, has announced the commencement of the underground decline at the Havieron Gold-Copper Project.
Shaun Day, CEO of Greatland Gold plc, commented: "This is a momentous step in the development of Havieron as a world-class gold-copper mine. I am delighted by progress on site and this fast-tracked milestone is indicative of the potential scale of the deposit and the opportunity seen by our partners Newcrest.
“By providing access to the top of the orebody, the decline sets Havieron on course to become a large, multi-commodity, bulk tonnage, underground mining operation. Alongside the ongoing growth drilling, the next key milestone will see the completion of a pre-feasibility study and we are on track to deliver this in 2H21."
The commencement of the decline by Newcrest Mining Limited, as Manager of the joint venture, follows receipt of the necessary regulatory approvals to commence construction activities (as announced on 29 December 2020).