NCMGF - Newcrest strengthens its relationship with Greatland Gold

Newcrest Mining ([[NCMGF]]) has inked a joint venture agreement with Greatland Gold over its Havieron project. Newcrest has met its Stage 3 expenditure requirement at the Havieron project, having spent $45M on exploration, and is now entitled to earn an additional 20% interest in the JV, taking its overall share to 60%.The JV agreement facilitates the expansion of exploration and early work activities, including the construction of a boxcut and decline.The original farm-in agreement over the Havieron project started in May last year, under which Newcrest could earn up to a 70% interest in the project by spending $65M and completing a prefeasibility study ((PFS)) over a six-year period, and an additional 5% interest at the end of the farm-in period.The company’s ability to earn this 70% interest remains unchanged with the inking of the JV agreement.Prior to the completion of a PFS, Greatland Gold would fund its 30% share of

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Newcrest strengthens its relationship with Greatland Gold