Greatland Gold awarded grant for drilling at Rudall

Precious and base metals miner Greatland Gold has been awarded a grant from the Western Australian Government, it announced on Tuesday, to co-fund exploration drilling and mobilisation costs at its wholly-owned Rudall licence in the Paterson province.

The AIM-traded firm said the grant was the result of a successful application under the Exploration Incentive Scheme (EIS).

It said it would be eligible to receive a grant of up to AUD 0.2m (£0.12m) to co-fund drilling and mobilisation costs within 12 months of the award.

“The drilling grant for the Rudall licence will accelerate our programme to test targets in this area of the Paterson,” said managing director Shaun Day.

“Testing of priority targets delivers the opportunity to unlock the exploration option value of the portfolio.”

At 1100 BST, shares in Greatland Gold were up 0.68% at 13.09p.

Reporting by Josh White at Sharecast.com.