Greatland Resources (AIM:GGP) shares closed Tuesday 6% higher, to 715.5p after it secured environmental approval in Western Australia for the Havieron project.
The State approval follows Commonwealth approval under the EPBC Act announced on 24 April, and Greatland, which owns the Telfer mine and the adjacent Havieron brownfield development in the Paterson Province, said the permits clear the way for development.
"Once in steady state Havieron is anticipated to produce around 270koz of gold per annum at lowest quartile costs, with an initial mine life of 17 years," Greatland Managing Director Shaun Day said.
Tendering for critical-path project packages and early works is already underway, including boxcut tunnel installation, underground development and blind bore construction preparation.
Greatland reiterated that a Final Investment Decision for Havieron is targeted in the current June 2026 Quarter.
