Shares in London-listed Greatland Gold jumped 35% on Tuesday morning, after the company announced that it had signed a farm-in agreement with gold major Newcrest to develop the Havieron gold/copper project in the Paterson region of Western Australia.
Newcrest has the right to acquire up to a 70% interest in 12 blocks that cover the Havieron target by spending $65-million and completing a series of exploration milestones in a four-stage farm-in over six years.