Greatland Gold Grows Group Ore Reserve by 62%, Achieves Financial Close on AU$225 Million Debt Facility

MT Newswires Live
Jun 29

Greatland Gold (ASX:GGP) said its group ore reserve estimate grew 62% to 5 million ounces, according to a Monday Australia and New Zealand bourse filing.

The group ore reserve estimate comprises 157 million tonnes at about 1 gram per tonne gold and 0.1% copper for 5 million ounces of gold and 196,000 tonnes of copper.

The company also said it has achieved financial close on the AU$225 million Facility B of its AU$500 million corporate debt facility. Facility B is a seven-year revolving credit facility earmarked for working capital and general corporate purposes.

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