Investment in Greatland Gold

In late 2018 Primorus began building a strategic stake in AIM-listed gold explorer Greatland Gold PLC (GGP.L). The company has spent circa £633,000 buying 37m shares, representing approximately 1.15% of the issued share capital in Greatland, purchased at weighted average price of 1.71p per share.

The most recently announced drilling by Greatland at Havieron (5 February 2019) yielded excellent results, including 367.1m at 1.15g/t gold, 0.44% copper and 176ppm cobalt from 471m, including: 150.5m at 2.25g/t gold, 0.67% copper and 224ppm cobalt from 471.5m in HAD006.  HAD008 yielded 89m at 1.97g/t gold, 0.8% copper and 362ppm cobalt from 426m.

Previously announced drilling by Greatland at Havieron (19 November 2018) reported several excellent Gold/Copper intercepts including the outstanding combined drilling intercept of 275m at 4.77g/t gold and 0.61% copper, including an upper zone of 118m at 3.08g/t gold and 0.84% copper from 459m and a lower zone of 157m at 6.04g/t gold and 0.44% copper from 660m (HAD005) at its 100%-owned Havieron Gold/Copper project in the Paterson Province region of Western Australia.