REG - Greatland Resources - March 2026 Quarterly Activities Report
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RNS Number : 1871C Greatland Resources Limited 28 April 2026
Greatland Resources Limited
E: info@greatland.com.au
W: https://greatland.com.au
NEWS RELEASE | 28 April 2026
March 2026 Quarterly Activities Report
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN
March quarter delivers record quarterly cash build
of $260 million
Quarterly production of 82,723 ounces of gold at AISC of $2,056/oz, which
generated $453 million cash flow from operations and delivered closing cash
of $1,208 million
Highlights
Operations
§ March quarter production of 82,723oz Au and 4,128t Cu at an AISC of
$2,056/oz Au
(YTD FY26: 249,887oz Au and 11,022t Cu at an AISC of $2,136/oz Au).
§ Record open pit material movements and ore mined in the quarter as high
gold recoveries were maintained, with 88.4% recovery achieved in the March
quarter, similar to H1 FY26.
§ Zero lost time injuries occurred during the quarter, resulting in a
12-month moving average Lost Time Injury Frequency Rate (LTIFR) of 0.2. The
overall safety statistics have continued to improve, and Total Recordable
Injury Frequency Rate (TRIFR) is 4.6.
Financial & Corporate
§ Sales of 97,800oz Au and 4,620t Cu at weighted average realised prices of
$6,773/oz gold and $15,803/t copper, generating net revenue of $742 million.
§ Cash flow from operations of $453 million and cash build of $260 million
for the quarter delivered a closing cash balance of $1,208 million ($948
million at 31 December 2025), debt free.
§ Full upside exposure to the gold price with partial downside protection
provided from gold put options at a strike price of $4,200/oz (CY26),
$5,000/oz (Q1 CY27) and $5,200/oz (Q2 CY27).
Growth
§ $42 million in Telfer growth capex invested across tailings storage
expansion, open pit pre-stripping, underground development and open pit fleet
renewal.
§ Record 240,000 metre annual Telfer drilling program continues to plan,
with 10 drill rigs in operation. A total 78,302 metres was completed in the
quarter (December quarter: 54,204 metres).
Mineral Resource update (announced 30 March 2026)
§ Telfer Mineral Resource Estimate (MRE) as at 31 December 2025:
‒ Total MRE growth of 4.8Moz (+150%) to 419Mt @ 0.59g/t Au
& 0.09% Cu for 8.0Moz Au & 370kt Cu, at a discovery cost of $5/oz.
‒ Measured and Indicated MRE growth 2.4Moz (+163%) to 170Mt @
0.69g/t Au & 0.13% Cu for 3.8Moz & 249kt Cu.
‒ Group MRE of 550Mt @ 0.84g/t Au & 0.12% Cu for 14.9Moz
Au & 645kt Cu (Havieron unchanged in the update).
§ O'Callaghans MRE of 70Mt @ 0.35% tungsten trioxide (WO(3)) / 0.30% Cu /
0.57% Zn / 0.28% Pb for 246kt WO(3) / 207kt Cu / 371kt Zn / 182kt Pb.
‒ O'Callaghans is one of the largest high-grade tungsten
deposits globally and benefits from significant copper, zinc and lead
mineralisation.
‒ 100% owned by Greatland and located just 10km south of
Telfer on a granted Mining Lease.
Greatland Managing Director, Shaun Day, commented:
"We are pleased to have delivered another strong operational result which
delivered a record cash build of $260 million for the March quarter. Gold
production of 82,723 ounces at an AISC of $2,056 per ounce was supported by
strong contributions from both open pit and underground, and high gold
recovery of 88.4%, continuing the trend of operational improvement at Telfer
under Greatland ownership.
"Based on the strong year-to-date performance, we currently expect full-year
production to be around, or slightly above, the upper end of the guidance
range of 260,000 - 310,000 ounces, and full-year AISC to trend towards the
lower end of the guidance range of $2,400 - $2,800 per ounce.
"With full upside to the gold price we realised an average price of over
$6,700 per ounce, generating $453 million cash flow from operations, to close
the quarter with $1,208 million in cash with no drawn debt. The strength of
our balance sheet positions Greatland very well to deliver our excellent
organic growth profile, through both development of Havieron and continued
investment in Telfer extension and growth.
"A key highlight of the March quarter was the delivery of a significant
resource upgrade at Telfer which increased Greatland's total gold resources to
nearly 15 million ounces, and delivered an excellent return on our investment
in drilling. The enlarged resource base has the potential to underpin a
multi-decade, world class gold-copper mining hub."
Conference Call
Greatland presented the Quarterly Activities Report via a webcast for
shareholders, research analysts, media and other interested stakeholders on
Tuesday, 28 April 2026 followed by a Q&A session.
To view the replay, please click on this link and register your details:
https://webcast.openbriefing.com/ggp-qtr3-2026/
(https://webcast.openbriefing.com/ggp-qtr3-2026/)
Overview
Greatland Resources Limited (Greatland) is pleased to report operating
(unaudited) results for the 3-month period from 1 January 2026 to 31 March
2026 (March quarter).
Greatland produced 82,723oz Au and 4,128t Cu at AISC of $2,056/oz Au in the
March quarter.
With FY26 year-to-date (YTD) production of 249,887oz Au, full-year production
is currently expected to be around, or slightly above, the upper end of the
production guidance range of 260,000 - 310,000oz Au.
With YTD All-In-Sustaining Cost (AISC) of $2,136/oz Au, full-year AISC is
currently expected to trend towards the lower end of the guidance range of
$2,400 - $2,800/oz Au.
Table 1: March quarter results, with December, September and June quarter
results for comparison, FY26 YTD
Operations Unit Mar Q 2026 Dec Q 2025 Sep Q 2025 Jun Q 2025 FY26 YTD
Mill production
Ore milled kt 4,815 4,513 4,680 4,917 14,008
Mill head grade Au g/t Au 0.59 0.65 0.58 0.58 0.60
Cu % Cu 0.10% 0.10% 0.09% 0.09% 0.10%
Recovery Au % 88.4% 88.4% 88.6% 82.4% 88.4%
Cu % 82.6% 78.7% 81.3% 81.1% 80.9%
Metal produced (1) Au oz 82,723 86,273 80,890 78,283 249,887
Cu t 4,128 3,528 3,366 3,729 11,022
Sales
Sales (2) Au oz 97,800 72,212 82,199 87,529 252,212
Cu t 4,620 3,301 3,277 3,740 11,199
Average price received (2, 3) Au A$/oz 6,773 6,301 5,277 5,014 6,150
Cu A$/t 15,803 14,652 12,552 12,718 14,512
Net revenue (2, 3) Au A$m 662 455 434 439 1,551
Cu A$m 74 48 41 48 163
Total A$m 742 507 476 487 1,725
Open pit mining
Total material mined kt 6,761 6,571 5,915 4,889 19,247
Ore mined (mill feed) kt 3,630 2,363 1,789 1,566 7,782
Mined grade Au g/t Au 0.49 0.58 0.60 0.59 0.54
Cu % Cu 0.07% 0.06% 0.07% 0.07% 0.07%
Contained metal Au oz 57,196 43,712 34,303 29,864 135,211
Cu t 1,833 1,518 1,174 1,172 4,525
Ore mined (dump leach) kt 167 411 274 99 852
Underground mining
Ore mined kt 315 243 283 298 841
Mined grade Au g/t Au 2.08 1.65 1.89 1.62 1.89
Cu % Cu 0.80% 0.64% 0.58% 0.58% 0.68%
Contained metal Au oz 18,815 12,912 17,138 15,452 48,865
Cu t 2,521 1,565 1,648 1,726 5,734
Costs
Mining A$m 82.2 77.3 65.4 42.7 224.9
Processing A$m 81.5 92.4 80.0 64.9 253.9
Site services A$m 19.2 25.1 29.1 22.9 73.4
TC/RC and freight A$m (0.1) 2.4 6.2 5.2 8.5
Royalties A$m 24.4 17.6 14.8 18.8 56.8
Sustaining capex A$m 28.7 25.1 17.9 28.6 71.7
Rehabilitation A$m 0.1 1.3 3.2 0.2 4.6
By-product credits A$m (66.0) (51.7) (42.3) (47.4) (160.0)
AISC A$m 170.1 189.5 174.5 135.9 533.9
AISC/oz Au produced (4) A$/oz 2,056 2,196 2,155 1,736 2,136
Telfer growth capex A$m 41.8 61.2 69.8 58.3 172.8
Inventory movements (4) A$m 48.6 (5.8) 18.2 54.2 61.0
Depreciation & amortisation (5) A$m 43.6 24.6 19.6 19.4 87.8
Notes:
1. Metal produced for gold includes dump leach ounces which are
recovered separately to the processing plant circuit.
2. Sales and revenue for copper-gold concentrate is recognised upon
receipt of the bill of lading when the goods are delivered for shipment under
Cost, Insurance, and Freight (CIF) Incoterms. Payment was received during the
December quarter for a shipment that commenced loading in December 2025 but
was not completed until January 2026. Accordingly, sales and revenue for this
shipment has been recognised in the March 2026 quarter, however the cash was
received in the December 2025 quarter.
3. Total net revenue includes adjustments for treatment and refining
charges and payability deductions. Average price received is calculated by
dividing net revenue by sales (i.e. average price received is also adjusted
for payability deductions).
4. AISC is stated per ounce of gold produced, net of by-products
(copper) credits. AISC excludes inventory movements which relate to
utilisation of stockpiles acquired as part of the Telfer acquisition (expense
of $18.4 million) and finished goods movements of $30.2 million, impacting
EBIT by a debit of $48.6 million for the quarter.
5. Depreciation and amortisation is expected to be approximately $140
million for FY26, weighted towards H2.
Mining
Open Pit
Mill feed ore mined during the March quarter was from Stage 2, Stage 7 and
Stage 8 (refer Figure 1), totalling 3.63Mt at 0.49g/t Au and 0.07% Cu. Dump
leach ore mined was 0.17Mt.
Total material mined (TMM) was 6.76Mt including approximately 3.13Mt of waste.
This is the fifth consecutive quarter on quarter increase in TMM, driven by
higher equipment availability and productivity from a new CAT6060 digger
commencing operations, commissioning 2 additional haul trucks, returning
3 haul trucks from the ongoing truck rebuild programme, and a focus on
drilling and blasting to improve bench turnover and open up larger, more
productive work fronts in Stage 7.
Strip ratio (waste:ore) for the Stage 7 development during the quarter was
2.7, down from 4.3 in the previous quarter as more ore is exposed. Total Stage
7 waste mined in the quarter was 2.89Mt for a total cumulative waste mined of
13.55Mt to the end of the March quarter. The overall Stage 7 design strip
ratio is approximately 1.1. Potential pit design changes from the March MRE
update will be reviewed in the June quarter.
Underground
Ore mined during the March quarter was predominantly from A-reef, Rey and the
Eastern Stockwork Corridor (ESC) areas of the Main Dome Underground (MDU)
(refer Figure 1), totalling 0.31Mt at 2.08g/t Au and 0.80% Cu.
Record development metres of 1,776m was achieved for the quarter, with 368m
growth capital development including extension opportunities at West Dome
Underground (WDU) and ESC. The second development drive from the MDU to the
WDU progressed 255m during the March quarter and was 79% complete at quarter
end.
Figure 1: March quarter mining areas
Processing
March quarter delivered processed tonnes of 4.82Mt with average head grade of
0.59g/t Au and 0.10% Cu. Recoveries were 88.4% for gold and 82.6% for copper
for the quarter, maintaining the good recent recovery performance at Telfer
under Greatland ownership. Gold and copper production of 82,723 oz and 4,128
kt respectively was achieved for the quarter.
The dump leach piping infrastructure replacement project, which aims to ensure
the long-term productivity of dump leach ounces, was completed during the
quarter and is operational.
Costs
March quarter actuals
Mining costs of $82.2 million were higher than the previous quarter due to
higher overall ore mined and higher total material moved.
Processing costs of $81.5 million were lower than the previous quarter
primarily due to lower surface maintenance costs incurred during the March
quarter planned shutdown compared to the December quarter planned shutdown,
and the processing of less Stage 2 material which requires more reagents and
consumables.
Sustaining capex of $28.7 million was higher than the previous quarter due to
higher spend on underground development.
Site services of $19.2 million were lower than the previous quarter, with
costs weighted towards the first half of FY26.
Outlook
Greatland is closely monitoring potential supply chain and cost impacts due to
the current conflict in the Middle East, and notes the following:
§ Telfer is not currently impacted by diesel supply disruptions with fuel
supplied directly by a global oil major on a long-term contract via Port
Hedland.
§ Processing plant power is generated onsite by natural gas that is
produced in Western Australia and delivered via the Pilbara Pipeline System ex
Port Hedland. Telfer's underground operation utilises an electric shaft hoist,
reducing diesel intensity of Greatland's highest-grade ore sources.
§ Telfer maintains significant surface stockpiles of 23Mt @ 0.36g/t Au
& 0.05% Cu estimated at the end of March 2026, equal to more than 12
months of mill feed.
§ Direct diesel costs at Telfer represent ~3.8% of the total cost base
(operating and capital costs) YTD. It is acknowledged that continued elevated
diesel prices have the potential to result in cost inflation across the
resources sector and economy more broadly.
With YTD All-In-Sustaining Cost (AISC) of $2,136/oz Au, full-year AISC is
currently expected to trend towards the lower end of the guidance range of
$2,400 - $2,800/oz Au.
Stockpiles
Closing run-of-mine (ROM) ore stockpiles at 31 March 2026 are estimated at
1.9Mt at an average grade of 0.69g/t Au and 0.13% Cu for contained metal of
41koz Au and 2.4kt Cu. Drawdown of stockpiles during the quarter reduced to
approximately 1.0Mt, the third consecutive quarter-on-quarter reduction, as
increased output from open pit and underground accounted for more than 80% of
total mill feed.
Low grade stockpiles at 31 March 2026 are estimated at 20.6Mt at average grade
of 0.33g/t Au and 0.04% Cu for contained metal of 221koz Au and 9.1kt Cu.
Low-grade stockpiles are expected to be incorporated into the mine plan in
FY27. Targeted trial campaigns commenced in the March quarter and will
continue for the remainder of FY26 to assess both grade and metallurgical
performance, with the outcomes to inform the FY27 processing schedule.
Table 2: Stockpiles (estimated)
Stockpiles Unit Mar Q 2026 Dec Q 2025 Sep Q 2025 Jun Q 2025
Closing ore stockpiles (ROM) - estimated
Ore Mt 1.9 2.7 4.5 7.0
Average grade Au g/t Au 0.69 0.66 0.63 0.57
Cu % Cu 0.13 0.11 0.07 0.06
Contained metal Au koz 41 57 92 129
Cu kt 2.4 3.0 3.2 4.5
Closing ore stockpiles (low grade) - estimated
Ore Mt 20.6 20.8 20.8 20.7
Average grade Au g/t Au 0.33 0.33 0.33 0.33
Cu % Cu 0.04 0.04 0.04 0.04
Contained metal Au koz 221 221 221 220
Cu kt 9.1 9.1 9.1 9.0
Growth
A total of $82.1 million was spent on growth during the quarter, comprising:
§ Telfer: $41.8 million across TSF8 Stage 3 lift construction, TSF8 Stage 4
lift construction, West Dome Open Pit Stage 7 growth stripping, underground
growth development (primarily across A-Reef, ESC and West Dome Underground)
and new open pit mining fleet equipment. Full year Telfer growth capital
guidance remains $230 - 260 million.
§ Havieron: $27.5 million for Feasibility Study costs and early works
(refer below).
§ Exploration & resource development: $12.8 million capitalised for
resource development from 52,981 metres of resource growth drilling, with a
further $3.9 million of exploration expensed.
Havieron
Updates from the March 2025 quarter include:
§ Permitting and Approvals: The permitting processes with the Commonwealth
Department of Climate Change, Energy, the Environment and Water (approval
under the Environment Protection and Biodiversity Conservation Act 1999 (Cth)
(EPBC Act)) and the Western Australian Environmental Protection Authority
(approval under the Environmental Protection Act 1986 (WA) (EP Act)) continued
to progress during the quarter. Subsequent to quarter end, Greatland received
Commonwealth primary environmental approval under the EPBC Act, with State
primary environmental approval under the EP Act continuing to progress. The EP
Act approval is targeted in FY26, with timing subject to ongoing processes.
§ Decline tunnel: The precast floor footings and reinforced concrete arch
installation has completed (see Figure 2), with backfill and compaction now
underway with completion scheduled for May 2026. The decline tunnel project
will de-risk the long-life Havieron operation against rainfall events.
§ Blind bores: Preliminary works are progressing in line with schedule.
Drill cutter heads were shipped and landed in Perth in April. Additional early
works being undertaken in rig pre-commissioning and mobilisation planning.
§ Development mining: Mining continues from the primary decline across to
the ventilation drives and access progressing towards the conveyor decline.
Dewatering pump station installation progressing in line with scheduled
requirements.
§ Resourcing: Project Office established with recruitment of key owner's
team positions and project delivery partner underway.
§ Tendering: Commenced for critical path project packages (site bulk
earthworks pads, evaporation ponds and electrical upgrades) in preparation
for project FID.
Figure 2: Completed instillation of precast floor footings and reinforced
concrete at Havieron portal
Mineral Resource update
The Company announced an updated Telfer Mineral Resource Estimate (MRE) (as at
31 December 2025) on 30 March 2026, with Telfer resources growing by 4.8Moz to
419Mt @ 0.59g/t Au & 0.09% Cu for 8.0Moz Au & 370kt Cu, at a discovery
cost of $5/oz. Higher confidence Measured and Indicated Telfer Resources grew
163% to 170Mt @ 0.69g/t Au & 0.13% Cu, for 3.8Moz & 249Kt Cu.
Highlights from the Telfer MRE update included:
§ West Dome Open Pit (WDO) grew by 2.8Moz to 338Mt @ 0.45g/t Au & 0.04%
Cu for 4.9Moz Au & 149Kt Cu (+135%) and includes a higher-grade component
of 258Mt @ 0.53g/t Au & 0.05% Cu for 4.4Moz Au & 131kt Cu.
§ Main Dome Underground (MDU) MRE grew by 1.5Moz to 2.2Moz (+225%),
including growth of 37.5Mt @ 1.09 g/t Au & 0.33% Cu for 1.3Moz Au &
125Kt Cu from the Vertical Stockwork Corridor (VSC) area below the previous
sub-level cave mine area.
§ West Dome Underground Maiden MRE of 8.0Mt @ 2.30g/t Au & 0.44% Cu for
0.6Moz Au & 35Kt Cu, which consists of:
‒ Lower Limey Unit (LLU): 3.5Mt @ 3.36g/t Au & 0.51% Cu
‒ Western Stockwork Corridor (WSC): 4.5Mt @ 1.47g/t Au &
0.38% Cu
Total Group resources now stand at 550Mt @ 0.84g/t Au & 0.12% Cu for
14.9Moz Au & 645kt Cu (Havieron unchanged in the update).
Greatland's first MRE for O'Callaghans was also completed and totals 70Mt @
0.35% tungsten trioxide (WO(3)) / 0.30% Cu / 0.57% Zn / 0.28% Pb for 246Kt
WO(3) / 207Kt Cu / 371Kt Zn / 182Kt Pb.
Table 3: 2025 Telfer & Havieron Mineral Resource Statement
Area Measured Indicated Inferred Combined
Tonnes Au Cu Tonnes Au Cu Au Tonnes Au Cu Au Tonnes Au Cu Au Cu
Mt g/t % Mt g/t % Moz Mt g/t % Moz Mt g/t % Moz kt
Havieron 50 2.56 0.33 4.1 81 1.09 0.13 2.8 131 1.65 0.21 7.0 275
Telfer
West Dome Open Pit - - - 102 0.46 0.05 1.5 235 0.45 0.04 3.4 338 0.45 0.04 4.9 149
Main Dome Underground - - - 7.8 2.28 0.45 0.6 4.4 1.90 0.33 0.3 12.3 2.14 0.41 0.8 50
Main Dome UG VSC - - - 33 1.11 0.32 1.2 4.2 0.97 0.40 0.1 37.5 1.09 0.33 1.3 125
West Dome Underground - - - 3 2.29 0.48 0.2 5.1 2.30 0.42 0.4 8 2.30 0.44 0.6 35
Stockpiles 2.7 0.66 0.1 21 0.33 0.04 0.2 - - - - 24 0.37 0.05 0.3 11
Combined 2.7 0.7 0.1 217 1.12 0.18 7.8 330 0.66 0.08 7.0 550 0.84 0.12 14.9 645
Notes: Mineral Resources are reported as at 31 December 2025, grades are
reported to two decimal places to reflect appropriate precision in the
estimate, and this may cause apparent discrepancies in totals. Cutoffs for the
Telfer MRE are applied based on a NSR using metal prices of $4,200/oz Au and
A$6.50/lb and current site cost and revenue assumptions. Cutoffs for the
Havieron MRE was based on a NSR using metal prices of A$2,360/oz Au and
A$5.20/lb Cu.
Telfer Drilling & Exploration
The FY26 drill program continues with a total of 184,322m (resource growth and
resource conversion drilling) across West Dome Open Pit, West Dome Underground
and Main Dome Underground completed YTD. Greatland remains on track to
complete the targeted 240,000m of drilling in FY26.
Corporate & Finance
Sales and revenue
Greatland retains full upside exposure to the gold price. Sales of
97,800oz Au and 4,620t Cu at average realised prices of $6,773/oz Au
and $15,803/t Cu, generated net sales revenues of $742 million.
Payment was received during the December quarter for a shipment that commenced
loading in December 2025 but was not completed until shortly after the quarter
ended, comprising 17,014oz Au and 854t Cu. Accordingly, sales and revenue for
this shipment has been recognised in the March 2026 quarter, however the cash
of $119 million was received in the December 2025 quarter.
Cash and liquidity
Cash flow from operations for the quarter was $453 million, with cash build
of $260 million, for a closing cash balance on 31 March 2026 of $1,208
million.
Greatland remains debt free with an undrawn $75 million working capital
facility for total available liquidity of $1,283 million.
Figure 3: March 2026 quarter cash movements
Notes:
1. Corporate and finance includes corporate overheads, finance costs /
interest, and premiums paid for gold put options.
A tax liability for FY25 of $73 million was paid in the March 2026 quarter. A
quarterly tax instalment of $87 million will be paid in April 2026 based on
an assessed rate of approximately 12% of instalment income, as determined by
the ATO, for the March 2026 quarter. The tax instalment for the June 2026
quarter is expected to be paid in July 2026, following which Greatland will be
re-assessed for monthly instalments in FY27.
Depreciation and amortisation (D&A) for the quarter was $43.6 million.
Full year FY26 D&A is expected to be approximately $140 million, weighted
towards H2.
Heading profile - downside price protection with full upside exposure
Greatland continues to maintain full upside exposure to the gold price, while
achieving downside price protection through gold put options. Greatland's
current gold put options are the following:
Table 4: Gold put option program
Quarter end date Gold volumes under put options (oz) Weighted Average
Strike Price (A$/oz)
30-Jun-2026 37,502 4,200
30-Sep-2026 37,502 4,200
31-Dec-2026 37,498 4,200
31-Mar-2027 37,500 5,000
30-Jun-2027 37,500 5,200
Total 187,502 4,560
Sustainability
No lost time injury occurred during the quarter, and the 12-month moving
average lost time injury frequency rate (LTIFR) is 0.2. There were no
environmental non-compliances or significant incidents reported during the
quarter. Greatland's TRIFR at quarter end was 4.6 (31 December 2025: 5.5).
Corporate Structure
Category Metric
Ordinary shares on issue (#) 672,906,505
Unquoted securities (#) 6,750,171 Performance Rights
1,325,000 Employee Options
250,000 Managing Director Options
17,631,000 Warrants
Market capitalisation ($ billion) $9.3 billion (as at ASX close price, 24 April 2026)
Cash balance ($ million) $1,208.2 million (as at 31 March 2026)
This announcement is approved for release by Shaun Day, Greatland's Managing
Director.
Contact
For further information, please contact:
Greatland Resources Limited
Shaun Day, Managing Director | Andrew Bowler, Head of Investor Relations
info@greatland.com.au (mailto:info@greatland.com.au)
Nominated Advisor
SPARK Advisory Partners
Andrew Emmott / James Keeshan / Neil Baldwin | +44 203 368 3550
Corporate Brokers
Canaccord Genuity | James Asensio / George Grainger | +44 207 523 8000
RBC Capital Markets | James Agnew / Jamil Miah | Scott Redwood |
+44 207 029 0528
Media Relations
Australia - Fivemark Partners | Michael Vaughan | +61 422 602 720
About Greatland
Greatland is a gold and copper mining company listed on the Australian
Securities Exchange and London Stock Exchange's AIM Market (AIM:GGP, ASX:GGP),
and operates its business from Western Australia.
The Greatland portfolio includes the 100% owned Telfer mine, the adjacent 100%
owned brownfield world-class Havieron gold-copper development project, and a
significant exploration portfolio within the surrounding region. The
combination of Telfer and Havieron provides for a substantial and long-life
gold-copper operation in the Paterson Province in the East Pilbara region of
Western Australia.
Forward-Looking Statements
This document includes forward-looking statements and forward-looking
information within the meaning of securities laws of applicable jurisdictions.
Forward-looking statements can generally be identified by the use of words
such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate",
"believe", "continue", "objectives", "targets", "outlook" and "guidance", or
other similar words and may include, without limitation, statements regarding
estimated reserves and resources, certain plans, strategies, aspirations and
objectives of management, anticipated production, study or construction dates,
expected costs, cash flow or production outputs and anticipated productive
lives of projects and mines.
These forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance and
achievements or industry results to differ materially from any future results,
performance or achievements, or industry results, expressed or implied by
these forward-looking statements. Relevant factors may include, but are not
limited to, changes in commodity prices, foreign exchange fluctuations and
general economic conditions, increased costs and demand for production inputs,
the speculative nature of exploration and project development, including the
risks of obtaining necessary licences and permits and diminishing quantities
or grades of reserves, political and social risks, changes to the regulatory
framework within which Greatland operates or may in the future operate,
environmental conditions including extreme weather conditions, recruitment and
retention of personnel, industrial relations issues and litigation.
Forward-looking statements are based on assumptions as to the financial,
market, regulatory and other relevant environments that will exist and affect
Greatland's business and operations in the future. Greatland does not give any
assurance that the assumptions will prove to be correct. There may be other
factors that could cause actual results or events not to be as anticipated,
and many events are beyond the reasonable control of Greatland.
Forward-looking statements in this document speak only at the date of issue.
Greatland does not undertake any obligation to update or revise any of the
forward-looking statements or to advise of any change in assumptions on which
any such statement is based.
Non-GAAP Measures
Some of the financial performance measures used in this announcement are
non-IFRS financial measures, including "all-in sustaining cost", "total cash
cost", "net cash", "free cash flow", "operating cash flow", "sustaining
capital" and "growth capital". These measures are presented as they are
considered to provide useful information to assist investors with their
evaluation of the business's underlying performance. Since the non-IFRS
performance measures listed herein do not have any standardised definition
prescribed by IFRS, they may not be comparable to similar measures presented
by other companies. Accordingly, they are intended to provide additional
information and should not be considered in isolation or as a substitute for
measures of performance prepared in accordance with IFRS.
ASX Listing Rule 5.23
This announcement contains references to Mineral Resource estimates for
Telfer, Havieron and O'Callaghans, which have been extracted from the
Company's ASX announcements dated 30 March 2026 titled 'December 2025 Group
Mineral Resource Statement' and 'December 2025 O'Callaghans Mineral Resource
Statement'.
The Company confirms that it is not aware of any new information or data that
materially affects the information included in those announcements, and in the
case of the estimates of Mineral Resource and Ore Reserve, that all material
assumptions and technical parameters underpinning each of the estimates in the
relevant ASX announcement continue to apply and have not materially changed.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
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. END UPDPPUPACUPQUAR
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