New Venture Collaboration with Metal Tiger Australia

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Greatland Gold plc (LON:GGP), the London Stock Exchange AIM listed precious and base metals exploration and development business is pleased to announce that it has signed a Memorandum of Understanding (“MoU”) with Metal Tiger Australia Pty Limited (“MTA”) regarding a collaboration on new ventures.

Highlights

• Greatland Gold and MTA have signed an MoU to explore and cooperate on new opportunities in the precious metals and strategic base metals sectors;

• Greatland and MTA will explore project level joint venture and/or co-investment opportunities in the precious and base metal sectors globally, but with a primary focus on Australia and Asia;

• Greatland and MTA will discuss the viability of establishing an ASX-listed vehicle primarily focused on Australian-based projects in these sectors;

• The MoU is for an initial period of 12 months which can be extended if both parties agree.

Callum Baxter, Executive Director, commented: ‘We are delighted to announced this MoU with Metal Tiger Australia regarding a collaboration on new ventures which we hope will provide Greatland with a significantly expanded set of attractive opportunities in the precious and strategic base metal sectors over the next few years.

While there has been a notable recovery in the mining sector during the course of 2016, Greatland maintains the view that the valuations on early stage exploration assets, particularly unlisted private assets, remain relatively depressed. We believe this collaboration with Metal Tiger Australia will dramatically enhance our ability to expand our portfolio of exciting Australian-based projects in the precious and strategic base metal sectors.’

New Venture Collaboration

Greatland Gold plc and MTA have signed a MoU to explore and cooperate on new opportunities in the precious metals and strategic base metals sectors. The MoU is for an intitial period of 12 months which can be extended if both parties agree.

The highlights of the MoU are as follows:

• Greatland and MTA will explore project level joint venture and/or co-investment opportunities in the precious metals and strategic base metals sectors on a global basis, but with a primary focus on Australian and Asia;
• Recognising the relative scale of both companies, MTA will proactively inform Greatland of early-stage exploration projects it considers to be attractive but that are too early stage for MTA. Moreover, Greatland will actively inform MTA of attractive exploration and development projects that Greatland believes are too large or too complex for Greatland to execute;
• Greatland and MTA will work together to expand and solidify their network of industry contacts with a view to increasing new project lead generation; and
• Greatland and MTA will discuss the viability of establishing an ASX-listed company that will focus primarily on Australian-based projects in the precious and strategic base metals sectors.
• Both parties will work on a best efforts basis to collaborate on new ventures as outlined in terms above.

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