Greatland Gold PLC

www.greatlandgold.com

A Comprehensive Overview

Greatland Gold is a UK-based exploration and mining company, strategically focused on gold and copper assets, primarily in Australia. Initially recognized for its exploration success, Greatland is now transitioning into a production-focused company, following the acquisition of the Telfer gold-copper mine from Newmont Corporation in 2023. This deal, combined with the ongoing development of the Havieron project, has significantly transformed Greatland’s trajectory, positioning it as a key player in the Australian mining industry.

Key Assets and Operations

1. Havieron Project (Paterson Region, Western Australia)
   • Flagship Asset: The Havieron gold-copper project is Greatland’s most significant asset, located about 45 km east of Telfer. Discovered by Greatland in 2018, Havieron is known for its high-grade gold and copper resources at depth.
   • Partnership with Newmont: Initially a joint venture with Newcrest, now inherited by Newmont after its acquisition of Newcrest Mining in 2023, the project is progressing toward production. Greatland holds a 30% stake, with Newmont owning the remaining 70%.
   • Infrastructure Synergies: The proximity of Havieron to the Telfer mine and processing plant is a game-changer for Greatland. Ore from Havieron will be processed at Telfer, reducing capital expenditures and accelerating development.
2. Telfer Gold-Copper Mine (Paterson Region, Western Australia)
   • Recent Acquisition: In 2023, Greatland acquired the Telfer mine from Newmont, marking its transition into a producing company. Telfer has been operational for decades, producing both gold and copper, and includes an extensive processing facility.
   • Strategic Importance: The Telfer mine acquisition gives Greatland immediate production capabilities and access to processing infrastructure for Havieron. This reduces the need for significant new investments and positions Greatland as a mid-tier producer.
   • Potential for Resource Growth: Telfer has remaining mineralization and exploration potential, which could lead to further resource expansion under Greatland’s ownership.
3. Other Exploration Projects
   • Paterson Range East & Black Hills: Located near Havieron, these exploration licenses are highly prospective for gold and copper. Greatland is actively exploring these areas, hoping to replicate the success of Havieron.
   • Ernest Giles: A large greenfield exploration project in central Western Australia, targeting gold. While still early-stage, it has shown encouraging exploration results.
   • Panorama: Located in the Pilbara region of Western Australia, this project targets base metals, including nickel and cobalt.

Strategic Transformation

The acquisition of Telfer in 2023 is the defining event in Greatland’s transformation from a junior explorer to a producing miner. By acquiring a fully operational mine with a built-in processing facility, Greatland has significantly accelerated its path to production. Key elements of this transformation include:

• Moving from Exploration to Production: With Telfer in its portfolio, Greatland will no longer rely solely on exploration success for growth. The Telfer mine provides near-term production and cash flow, a critical shift for the company.
• Leverage Havieron’s High-Grade Resources: The close proximity of Telfer and Havieron enables efficient resource sharing and processing, which reduces costs and risks associated with building new infrastructure.
• Operational Synergies: Managing both Telfer and Havieron as integrated assets creates operational efficiencies, which should enhance profitability.

Financial and Strategic Position

• Funding and Debt: To finance the Telfer acquisition and further develop its projects, Greatland has raised capital through equity and secured debt funding. Future cash flows from Telfer’s operations will support ongoing investment.
• Potential Partners and Expansion: With Newmont’s global mining expertise involved at Havieron, and its own growing operational base, Greatland is well-positioned for strategic partnerships or expansions.

Recent Developments

• Havieron Drilling and Development: Ongoing drilling continues to expand Havieron’s resource base, with Greatland focused on extending mineralization at depth and along strike.
• Advancing Toward Production: With Telfer now under Greatland’s control, plans are underway to integrate Havieron ore into Telfer’s processing streams, with first production from Havieron expected in the near future.

Outlook for Greatland Gold

Greatland Gold is poised to become a mid-tier gold and copper producer, leveraging its high-quality assets in the Paterson region. The company’s path forward includes:

• Significant Production Potential: Telfer’s immediate production capacity, combined with Havieron’s growing resource base, positions Greatland for strong gold and copper output.
• Cost Efficiencies: The use of Telfer’s existing processing infrastructure reduces the capital costs associated with bringing Havieron into production.
• Exploration Upside: In addition to Telfer and Havieron, Greatland’s other exploration licenses offer significant potential for future discoveries.

Summary

Greatland Gold has transformed itself through the acquisition of the Telfer mine and its partnership with Newmont on the Havieron project. Moving from a junior exploration company to a producer with significant operational assets, Greatland now stands at a pivotal point in its evolution. With established production, promising exploration upside, and strategic infrastructure in place, the company is well-positioned to grow into a key player in the Australian gold and copper industry.

Company Information

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