- Greatland Resouces Limited (DI)
- 27 November 2025 13:15:09
Source: Sharecast
The AIM-traded company completed 19 holes totalling more than 9,000 metres in the second phase of drilling, with assays received for nine holes so far.
Greatland said the campaign had focussed on the southern extension of mineralisation and confirmed three distinct domains - the Western Stockwork Corridor, and the high-grade Western and Eastern Limbs hosted within the Lower Limey Unit, a key geological horizon at Telfer.
Recent intercepts from the Western Stockwork Corridor include 56.6 metres at 2.24 grams per tonne of gold and 1.26% copper from 337 metres, and 82.2 metres at 1.9 grams per tonne gold and 0.31% copper from 360.7 metres.
It said the results indicated a broad mineralised zone 40 to 70 metres wide, extending more than 200 metres down dip.
High-grade drilling results also continued to be returned from both the Western and Eastern Limbs, where mineralisation remained open and had now been defined over strike lengths of more than 500 metres.
Managing director Shaun Day said the findings reinforced the strategic importance of the West Dome area.
“We continue to see excellent drilling results and progress at the compelling West Dome Underground project,” he said.
He noted that geological units and mineralisation styles mirror those found at the Main Dome, which produced more than three million ounces of gold to date.
“Drilling to date has now identified three separate mineralised domains, the high grade Western Limb and Eastern Limb, and the wide sub-vertical Western Stockwork Corridor.
“Mineralisation remains open along strike and down dip. Given the impressive results to date, a third diamond drilling rig has been allocated to the West Dome Underground, which will further inform a targeted maiden Mineral Resource estimate in the March 2026 quarter.”
Greatland said development work was also advancing.
A second access drive was about 60% complete and would improve ventilation and increase drilling capacity once finished.
A pre-feasibility study was under way to assess the use of substantial spare infrastructure at the Main Dome Underground, which previously supported mining rates above 5Mtpa but was currently operating at about 1.2Mtpa.
The company said the potential to leverage existing crushing, haulage, ventilation and power infrastructure offered a pathway to accelerated development.
Day said access to the West Dome Underground “effectively opens access to a new quartile of the Telfer mine,” creating the potential for a second high-grade ore source alongside Main Dome.
The maiden resource estimate remained targeted for the March quarter, with further drilling of 22,500 metres planned over the rest of the 2026 financial year.
At 1246 BST, shares in Greatland Resources were up 3.1% at 373.75p.
Reporting by Josh White for Sharecast.com.