StockMarketWire.com - Greatland Gold posted a deeper first-half loss as it continued to invest in prospects in Western Australia and Tasmania states.

The company reported a net loss for the six months through December of £1.5m, compared to a loss of £0.6m on-year.

'It has been a very significant first half of the year for Greatland, characterised by strong progress across our key projects,' chief executive Gervaise Heddle said.

'Most notably, we recorded exceptional drilling results in the Paterson, making clear the potential for Havieron to become a large-scale underground mining operation.'

'We have also added financial stability through a successful fundraising and the company is well capitalised to sustain our momentum in the second half of the year.'


At 1:27pm: [LON:GGP] Greatland Gold PLC share price was +0.16p at 2.01p



Story provided by StockMarketWire.com