Greatland Gold funded for Havieron development as it welcomes Wyloo Metals as strategic investor

Greatland Gold PLC’s Shaun Day speaks with Proactive’s Andrew Scott soon after revealing it’s secured up to A$340mln (£200mln) in new funding that it expects will fully fund its 30% share of developing the world-class Havieron gold-copper deposit in Western Australia into production.

He also discusses three ‘transformational’ board appointments.

GGP has signed a commitment letter, including a terms sheet, for a A$220mln, seven-year debt facility with Australia and New Zealand Banking Group, HSBC Bank, and ING Bank (Australia).

It also announced a proposed strategic equity investment of up to A$120mln from Wyloo Metals, a privately owned metals company, that would see the Perth-based group becoming Greatland’s biggest shareholder with a stake of about 8.6%.

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