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Greatland Resources ( (GB:GGP) ) has issued an announcement.
Greatland Resources has entered into a Farm-In and Joint Venture agreement with Rincon Resources to develop the Telfer South Gold Project. This collaboration allows Greatland to earn up to a 75% stake in Rincon’s exploration in exchange for staged funding, leveraging its nearby Telfer mine infrastructure for toll processing of any future joint venture ore. While Greatland will spearhead exploration in this joint venture, Rincon will focus on enhancing its own 100%-owned Hasties gold and copper deposits, aiming for significant resource expansion. The partnership highlights the potential for accelerated development in the relatively unexplored Paterson region and creates synergies through shared infrastructure, benefiting both companies and stakeholders.
More about Greatland Resources
Greatland Resources operates in the mining and exploration industry, focusing on gold and copper projects. The company holds a significant position in the Paterson Province of Western Australia with its Telfer gold-copper mine and is known for leveraging its infrastructure to support exploration and mining projects.
Learn more about GGP stock on TipRanks’ Stock Analysis page.