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Greatland Gold PLC on Thursday reported ‘exceptional drilling results’ from its maiden underground drilling campaign at the West Dome target of the Telfer gold-copper mine in Western Australia, confirming high-grade mineralisation and extending potential resources. Shares in the company were up 6.0% at 8.69 pence each in London on Thursday afternoon. Greatland Gold has a market capitalisation of around £1.14 billion, making it one of the largest AIM-listed companies. The Western Australia-focused metals exploration and development company said 16 out of 19 drill holes intercepted gold and copper mineralisation with an average intercept of 23.2 metres at 2.95 grams per tonne of gold and 1.07% copper, equivalent to 4.23 g/t gold. The results, Greatland Gold said, suggest mineralisation at West Dome is hosted within the same geological units as the adjacent Main Dome Underground, which has produced over 3.1 million ounces of gold and 210,000 tonnes of copper since 2006. Managing Director Shaun Day said: ‘The exceptional drilling results from the maiden underground campaign validate the exciting opportunity we identified at the West Dome Underground during our acquisition due diligence.’ Mineralisation remains open along strike and at depth, and the company plans a second-phase drilling program to expand the resource base. CEO Day said the company is focused on extending the mine life at Telfer, adding: ‘These results confirm the West Dome Underground Project as a very high-priority target for us.’ Copyright 2025 Alliance News Ltd. All Rights reserved.
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