Greatland Resources (ASX:GGP) Is Up 11.2% After Major Drilling Success at West Dome Underground Project – Has the Bull Case Changed?

• Greatland Resources has announced ongoing efforts to extend the Telfer mine life and integrate ore feeds from both the Telfer and Havieron projects, with key milestones including a record drill program, infrastructure expansions, and updated resource statements scheduled through 2026 and fiscal 2027.
• Significant drill results from the West Dome Underground project, revealing increased grade and thickness, underline the company’s drive for new high-grade resource growth and future development opportunities.
• We'll examine how substantial drilling progress in the West Dome Underground project advances Greatland Resources' broader investment narrative.

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What Is Greatland Resources' Investment Narrative?

To be a shareholder in Greatland Resources right now, you need to believe in the company's ability to execute on large-scale integration between the Telfer and Havieron projects, capitalizing on continued drilling success and infrastructure investments. The latest news confirming stronger drilling results at the West Dome Underground project and progress toward resource updates through 2026 may raise expectations for near-term catalysts, such as maiden resource announcements and production outlook revisions. However, key risks may also be shifting. Upcoming capital projects and their funding needs, possible production limitations if ventilation issues at Telfer are unresolved, and leadership transitions at the executive level could all influence sentiment. While recent price moves suggest the news has positively affected investor confidence, the material impact will largely depend on continued drilling results and project execution milestones over the coming quarters. Yet, there are still constraints around Telfer’s underground development that cannot be ignored.

Greatland Resources' shares have been on the rise but are still potentially undervalued by 46%. Find out what it's worth.

Exploring Other Perspectives

The Simply Wall St Community offers four viewpoints on Greatland’s fair value with estimates spanning A$9.19 to A$15.52 per share. Some see very large upside, while others remain more cautious, highlighting how opinions split as new drilling data and funding requirements shape the company’s outlook. See how your view stacks up against the range.

Explore 4 other fair value estimates on Greatland Resources - why the stock might be worth as much as 87% more than the current price!

Build Your Own Greatland Resources Narrative

Disagree with this assessment? Create your own narrative in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Greatland Resources research is our analysis highlighting 3 key rewards that could impact your investment decision.
• Our free Greatland Resources research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Greatland Resources' overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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