Recent Insider Transactions • May 08
Chief Financial Officer recently sold AU$476k worth of stock On the 30th of April, Monique Connolly sold around 36k shares on-market at roughly AU$13.41 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Monique's only on-market trade for the last 12 months. Live News • May 04
Greatland Resources Extends Telfer Mine Life and Boosts Financial Flexibility Greatland Resources reports a significant expansion of resources at the Telfer gold and copper mine, reinforcing its position as a core asset for the company.
The enlarged Telfer resource base is expected to support a longer mine life and provide greater visibility for future production planning.
The company has strengthened its finances, with cash flow now supporting more internal project funding and reducing reliance on external capital.
For you as an investor, the key takeaway is that Telfer is becoming an even more central part of Greatland Resources’ portfolio. A larger resource base at an existing operation can give the company more flexibility in how it sequences production, allocates capital and times any further development decisions. It also tends to provide clearer line of sight on potential volumes and mine life, which can be important for long-term planning.
On the financial side, stronger cash generation and a shift toward funding projects internally may give Greatland Resources more control over its development timetable and capital structure. With less dependence on external financing, the company can be more selective about when and how it taps equity or debt markets. For shareholders, this development is worth monitoring alongside future updates on Telfer’s production profile, project pipeline and any changes to spending plans. Announcement • Apr 24
Greatland Resources Limited to Report Q3, 2026 Results on Apr 28, 2026 Greatland Resources Limited announced that they will report Q3, 2026 results Pre-Market on Apr 28, 2026 Announcement • Apr 09
Greatland Resources Limited Provides Production Guidance for the Fiscal Year 2026 Greatland Resources Limited provided production guidance for the fiscal year 2026. For the year, the company currently expects production around, or slightly above, the upper end of the production guidance range of 260,000 oz Au to 310,000 oz Au. Announcement • Mar 30
Greatland Resources Limited Announces December 2025 Group Mineral Resource Statement Greatland Resources Limited provided its Group Mineral Resource Estimate (MRE), as at 31 December 2025 (December 2025 Group MRE). The December 2025 Group MRE includes Greatland's 100% owned Telfer and Havieron (Havieron unchanged) gold-copper projects, and a Greatland MRE for the 100% owned O'Callaghans tungsten-copper-zinc-lead deposit (O'Callaghans), detailed in a separate concurrent announcement. Significant new growth and infill drilling since the previous resource update as at 31 December 2024 (December 2024 Group MRE) has resulted in resource growth and a material upgrading of resource classification. Approximately 134,000m of additional drilling from 1 January 2025 to 31 December 2025 is incorporated into the December 2025 Group MRE update. More than 100,000m of further drilling is planned in the second half of Telfer's record Fiscal Year 2026 drilling program, which will inform future MRE updates. The December 2025 Group MRE includes a maiden resource for the high-grade West Dome Underground Project, with potential for further growth and classification upgrade from ongoing drilling. Telfer and Havieron MRE grows to 14.9Moz - 550Mt @ 0.84g/t Au & 0.12% Cu for 14.9Moz Au & 645kt Cu. Telfer MRE grows by 4.8Moz to 8.0Moz (+150%) - Organic MRE growth delivered for a discovery cost of $5/oz - 419Mt @ 0.59g/t Au & 0.09% Cu for 8.0Moz Au & 370Kt Cu - Classification upgrade: Measured and Indicated (M&I) Resource grows 163% to 170Mt @ 0.69g/t Au & 0.13% Cu for 3.8Moz & 249Kt Cu - M&I Resources are of an adequate level of geological confidence to be evaluated in the upcoming Ore Reserve Estimate update (targeted for June 2026 quarter). West Dome Open Pit (WDO) MRE grows by 2.8Moz to 4.9Moz (+135%) - 338Mt@ 0.45g/t Au & 0.04% Cu for 4.9Moz Au & 149Kt. Higher grade component of 258Mt @ 0.53g/t Au & 0.05% Cu for 4.4Moz Au. Main Dome Underground (MDU) MRE grows by 1.5Moz to 2.2Moz (+225%) - Active mining areas - 12.3Mt @ 2.14g/t Au & 0.41% Cu for 0.8Moz Au & 50Kt Cu - Sub-level cave (SLC) area - 37.5Mt @ 1.09 g/t Au & 0.33% Cu for 1.3Moz Au & 125Kt Cu. West Dome Underground (WDU) MRE: maiden 0.6Moz Au - Maiden MRE of 8.0Mt @ 2.30g/t Au & 0.44% Cu for 0.6Moz Au & 35Kt Cu, 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 - Low cost organic growth with discovery cost of ~$9/oz. Telfer Stockpiles: 0.3Moz - 24Mt @ 0.37g/t Au & 0.05% Cu for 0.28Moz Au & 11Kt Cu. Economic factors: Telfer MRE incorporates updated cost (based on Calendar Year 2025 actuals) and revenue assumptions with assumed metal prices of AUD 4,200/oz for gold and AUD 6.50/lb for copper, compared to spot prices of ~AUD 6,500/oz and ~AUD 8.00/lb respectively. The December 2025 Telfer MRE (Table 1) incorporates all drilling available as at 31 December 2025 and comprises four key Mineral Resource areas, being: West Dome Open Pit (WDO) (active mining operation), Main Dome Underground (MDU) (active mining operation), West Dome Underground (WDU) (near-mine resource), Vertical Stockwork Corridor (VSC) (near-mine resource). As part of Greatland's record 240,000m Fiscal Year 2026 drilling program, more than 100,000m of further drilling is expected to be completed in Second Half Fiscal Year 2026 (after the 31 December 2025 data cut-off date for the December 2025 Telfer MRE). WDO is the baseload feed of ore mined at Telfer and, with stockpiles, underpins the full utilisation of Telfer's 20 million tonne per annum (Mtpa) nominal processing capacity. WDO's now sizable Indicated Resource of 102Mt @ 0.46g/t Au & 0.05% Cu for 1.5Moz Au & 51 Kt Cu includes a higher grade component of 79Mt @ 0.52g/t Au & 0.05% Cu for 1.3Moz Au & 41 Kt Cu. Telfer's existing underground infrastructure is underpinned by ~6Mtpa of underground crushing and hoisting (shaft) capacity along with surface materials handling that delivers underground ore directly to Train 1 of the Telfer processing facility. Increased utilisation of this existing infrastructure, through expansion of current mining activities in the MDU along with the potential for future development of WDU and VSC, is a key opportunity for Greatland, noting that MDU currently operates at a rate of ~1.0 - 1.5Mtpa. Higher underground output presents a compelling opportunity at Telfer given current underground mining grades are approximately three times higher than current open pit grades. The December 2025 Telfer MRE includes a maiden resource for the high-grade West Dome Underground Project, with potential for further growth and classification upgrade from ongoing drilling. The WDO MRE is 338Mt @ 0.45g/t Au & 0.04% Cu for 4.9Moz Au & 149Kt Cu, including a significant increase (+184%) in the higher confidence Indicated category to 102Mt @ 0.46g/t Au & 0.05% Cu for 1.5Moz Au & 51Kt Cu. The December 2024 MRE for WDO only reported fully costed ex-pit material above a breakeven cut-off cost. During 2025 Greatland carried out processing trials of existing low-grade stockpiles as well as direct tipping of low-grade ex-pit material (incrementally costed) to the Telfer processing plant to confirm metallurgical recovery assumptions. The result of these trials supported the inclusion of this material into the December 2025 MRE for WDO and aligns with Greatland's current operational approach of prioritising direct-tipping of all profitable material to optimise processing throughput, reduce rehandle costs and preserve surface stockpiles. The substantial increase in the WDO MRE was achieved by a combination of resource growth (drilling) alongside an update to both cost and revenue factors. The outcome of the infill drilling within the potential extension to the Stage 7 cutback returned excellent conversion rates (>85%) from Inferred to Indicated resource category, providing confidence in the geological model and estimation methods that underpin 3.4Moz of Inferred Resource. Substantial resource growth in the active mining areas of the MDU has been achieved in the December 2025 Telfer MRE. A total MRE of 12.3Mt @ 2.14g/t Au & 0.41% Cu for 0.8Moz Au & 50Kt Cu has been defined across the active A Reefs, M Reefs, Eastern Stockwork Corridor (ESC), Lower Limey Unit (LLU) and Rey areas. This is a 27% increase in contained metal relative to the December 2024 MRE for Telfer and underpins continued mining in the MDU, which currently contributes ~1.0-1.5Mtpa of ore to Telfer production. A key addition to the December 2025 Telfer MRE is the VSC area of the MDU, with a MRE of 37.5Mt @ 1.09g/t Au & 0.33% Cu for 1.3Moz Au & 125Kt Cu. Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to AU$9.12, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 4x in the Metals and Mining industry in Australia. Simply Wall St's valuation model estimates the intrinsic value at AU$16.98 per share. Announcement • Mar 16
Greatland Resources Limited Announces Retirement of Clive Latcham as Non-Executive Director, Effective March 16, 2026 Greatland Resources Limited advised that Mr. Clive Latcham has retired from his role as Non-Executive Director, effective immediately. Mr. Latcham has served as a Non-Executive Director of the Company and its predecessor, Greatland Gold plc, since 2018 when the Havieron gold-copper deposit was discovered. His three decades of experience as a chemical engineer and mineral economist in the international mining industry played a valuable role in guiding Greatland's evolution from an explorer to a significant gold and copper producer. During his tenure, Mr. Latcham made a significant contribution to Greatland as the Company completed a successful integration of the Telfer gold-copper mine, made significant operational improvements, executed a well-supported ASX listing and delivered strong financial performance. Effective date: March 16, 2026. Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to AU$11.91, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 1x in the Metals and Mining industry in Australia. Simply Wall St's valuation model estimates the intrinsic value at AU$16.73 per share. Buy Or Sell Opportunity • Mar 04
Now 20% undervalued Over the last 90 days, the stock has risen 63% to AU$13.25. The fair value is estimated to be AU$16.63, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 142% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 1.6% per annum. Earnings are forecast to decline by 11% per annum over the same time period. New Risk • Feb 23
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 13% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 13% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (34% net profit margin). Announcement • Feb 18
Greatland Resources Limited Announces Executive Changes Greatland Resources Limited announced that Chief Operating Officer (COO) Simon Tyrrell has resigned and stepped down from his role. Mr. Tyrrell is available to the Company until June 30, 2026 to assist with the transition of the role. Otto Richter has been appointed as Acting COO. Mr. Richter has served as Greatland's Group Mining Engineer since 2021 and has over 25 years of experience, predominantly in open pit and underground gold mining. During his time at Greatland, he has been a key member of the senior leadership team involved in operational and mine planning decisions and has a detailed understanding of the Company's assets. A formal process to fill the COO role permanently is underway. Announcement • Jan 22
Greatland Resources Limited Provides Update on Resource Development and Exploration Activities Greatland Resources Limited provided this update on resource development and exploration activities. Telfer Resource Development: Greatland remains on track to complete the largest annual drilling program in Telfer's operating history, with ~240,000 metres total drilling planned in fiscal year26, comprising ~150,000m of resource growth drilling and ~90,000m of resource conversion drilling. First half (June to December 2025) drilling of 106,766m has now been completed, in line with the planned delivery schedule. In September 2025, Greatland completed a seven hole drill program aimed at testing for Telfer style stacked reef and stockwork mineralisation beneath and along strike of shallow (<100m) historical mineralisation. Assay results for the remaining three drillholes of the program have been received. Drilling has commenced testing for extensions to primary copper mineralisation below the oxide deposit. Two diamond holes and two pre-collars have been completed for a total of 1,430m, partial assay results have received for two holes. Highlights to date include: 44.4 m @ 0.32% Cu & 0.01g/t Au from 412m (CD25RCD003) SS 7m @ 0.81% Cu & 0.02g/t Au from 106m (CD25DD002) SS 19.8m @ 0.32% Cu and 0.01g/t gold from 147.8m CD25DD002 Although preliminary, results to date have confirmed grade continuity through the supergene and primary mineralisation models, a full review will be conducted when remaining assay results have been received. The program has been temporary placed on hold until the end of the wet season, and it is anticipated to resume in the June 2026 quarter. Competent Persons Statement Information in the report pertaining to Telfer Resource Development exploration results has been reviewed and approved by Mr. Michael Thomson, a Member of the Australian Institute of Geoscientists (AIG), who has more than 20 years relevant industry experience. Mr. Thomson, an employee of the Company, has sufficient experience relevant to the style of mineralisation, from 427m (WUC4550104) - 27.0m @ 9.3 g/t Au & 0.15 % Cu (251gm) from 495m (WUC4550105) - 50.2m @ 2.8 g/t Au &0.36 % Cu (141gm) from 263m (WUC4550107) - 27.1m @ 3.2 g/t Au & 0.,95 % Cu (87gm) from 323m (WUC4550068) - 15.8m @ 5.0 g/t Au & 0.'23 % Cu (79gm) from 332m (WUC4550087) SS Maiden Mineral Resource Estimate remains targeted in the March 2026 quarter. Note (1): Formula: gm = interval width multiplied by Au grade West Dome Open Pit; 20,769m of resource growth drilling completed during the quarter; with the completion of the targeted Stage 7 extension drilling early in the quarter, drill capacity has now shifted to focus on the multi-year Stage 2 extension opportunity. SS 19,368m of resource conversion drilling completed during the quarter, providing increased geological confidence for the material within both Stage 7 and Stage 2 extensions to underpin the remainder of fiscal year 2026 mine plan. Valuation Update With 7 Day Price Move • Jan 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$12.61, the stock trades at a forward P/E ratio of 13x. Average trailing P/E is 25x in the Metals and Mining industry in Australia. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to AU$9.68, the stock trades at a forward P/E ratio of 10x. Average trailing P/E is 22x in the Metals and Mining industry in Australia. Announcement • Dec 05
Greatland Resources Limited Announces Change of Company Secretary Greatland Resources Limited announced the resignation of Ms Joanne McDonald as Company Secretary with effect from December 5, 2025. For the interim period, Mr. Matthew Kwan, Greatland’s General Counsel, has been appointed Company Secretary with immediate effect, and will be the representative responsible under ASX Listing Rule 12.6 for communication with the ASX in relation to listing rule matters. Mr. Ben Secrett will be appointed to the role of Company Secretary effective March 2, 2026. Mr. Secrett is an experienced governance professional with a background in corporate law and governance, corporate advisory, company secretarial and regulatory compliance. New Risk • Dec 02
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.3% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Announcement • Dec 01
Greatland Resources Limited Announces Havieron Project - Feasibility Study Greatland Resources Limited is looking for acquisitions. Greatland is targeting further multi-year extension of Telfer mine life and integration of Telfer and Havieron ore feeds, with the following key upcoming activities and milestones: Record 240,000m Telfer fiscal fiscal year26 drill program, targeting life extensions in the West Dome Open Pit, Main Dome Underground, and growth in the new West Dome Underground Project - Updated Telfer Mineral Resource targeted in the March 2026 quarter - Updated Telfer Ore Reserve targeted in the June 2026 quarter - Multi-year integrated Telfer-Havieron production outlook targeted in fiscal year27. Havieron Project - Feasibility Study Outcomes - Summary 1.1 Introduction Havieron is a world-class, underground gold-copper project with considerable mine development already completed. Refer to cautionary statement in note 3 of the Highlights section 1.7 Infrastructure The following key infrastructure will be developed to support the Havieron Project: Underground crusher and conveyor system, primary and secondary ventilation, paste reticulation, underground workshop for servicing and refuelling of underground fleet and equipment, dewatering infrastructure and distributed underground utilities; Surface Infrastructure: ROM stockpile, refrigeration plants, electrical infrastructure including a 33kV high voltage distribution network for surface and underground loads (and enable a future potential electrification of the mining fleet), services reticulation, workshops and stores, administration complex, evaporation ponds and IT/OT facilities and systems, village; Havieron ore will be transported to the Telfer Mill via a new sealed haul road, ~55km in length; Power Transmission Line: A high voltage (132kV) transmission line will be constructed to allow Havieron to utilise latent power generation capacity at Telfer; Raw Water Pipeline: Havieron's longer term water requirements will be serviced by pumping surplus raw water from Telfer to Havieron via a newly constructed raw water pipeline. In addition to the Telfer Mill and TSF 8, Havieron will leverage existing infrastructure at Telfer, including the power station, aerodrome, and various water infrastructure. At the base case metal price assumptions (set out in the Full Announcement in Table 17 in Section 20.2), Havieron's peak funding requirement is $1,130m, which is projected approximately 12 months following first gold. Based on these results, Telfer's mine life may be extended. This would put a limit on the amount of underground activity that could be undertaken and, in turn, mine output until the issue is resolved or an alternative ventilation solution developed. Announcement • Nov 27
Greatland Resources Limited Provides West Dome Underground Project Update Greatland Resources Limited provided this update on the West Dome Underground project. Drilling has initially focused on the less drilled southern extent of the mineralised system, with results to date indicating an increase in grade and thickness within the Eastern Limb and sub-vertical WSC, while continuing to confirm the high-grade mineralisation seen within the Western Limb during previous drilling programs. Drilling will progress northwards over the remainder of FY26, with a further 22,500m of drilling planned to continue to infill existing drilling along with testing vertical extent of the system (above and below the LLU). The maiden Mineral Resource estimate is targeted in the March 2026 quarter. In the meantime, based on the impressive results to date a number of workstreams are underway to progress the potential development of the WDU as an additional high grade ore source. The WSC mineralisation is located within the hinge of the WDU fold (Figure 2) and consists ofa broad zone of concordant and discordant stockwork/sheeted and breccia veins, containing chalcopyrite, pyrite, white & pink dolomite, quartz and galena. There is also a notable overprinting of albite alteration. The potential of this domain was first identified during the maiden underground drilling campaign, which although focused on the high-grade Western Limb also intercepted several broad zones of stockwork mineralisation within the hinge of the LLU fold with the following promising results: The drilling to date confirms continuous WSC mineralisation over 700m of strike, averaging approximately 40m wide (true width) x 150m dip extent (height), and remains open along strike, and up and down dip. These recent results indicate higher grade and increased width to the south of the Phase 1 drilling. The WSC is considered comparable to the Vertical Stockwork Corridor or 'VSC' domain that was one of the dominant domains targeted by the Sub-Level Cave (SLC) at the Telfer Main Dome Underground from 2008 to 2019 (mining approximately 5Mtpa on average) and is a key extension opportunity currently under assessment. Buy Or Sell Opportunity • Nov 03
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to AU$7.27. The fair value is estimated to be AU$5.99, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 161% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 4.6% per annum over the same time period. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to AU$6.83, the stock trades at a forward P/E ratio of 7x. Average trailing P/E is 22x in the Metals and Mining industry in Australia. Simply Wall St's valuation model estimates the intrinsic value at AU$12.62 per share. Announcement • Oct 07
Greatland Resources Limited Reaffirms Production Guidance for the Fiscal Year 2026 Greatland Resources Limited reaffirmed production guidance for the fiscal year 2026. For the year, the company guidance remains 260,000 310,000 oz Au at an AISC of $2,400 - $2,800/oz Au. New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 6.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$7.13, the stock trades at a forward P/E ratio of 11x. Average trailing P/E is 18x in the Metals and Mining industry in Australia. Announcement • Aug 29
Greatland Resources Limited, Annual General Meeting, Nov 13, 2025 Greatland Resources Limited, Annual General Meeting, Nov 13, 2025. Announcement • Jul 31
Greatland Resources Limited Provides Production Guidance for the Fiscal Year 2026 Greatland Resources Limited provided production guidance for the fiscal year 2026. For the year, the company expects gold production of 260 koz - 310 koz. Major Estimate Revision • Jul 31
Consensus EPS estimates increase by 20% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from UK£456.3m to UK£468.8m. EPS estimate increased from UK£0.202 to UK£0.242 per share. Net income forecast to grow 1,772% next year vs 16% growth forecast for Metals and Mining industry in Australia. Consensus price target down from AU$8.81 to AU$8.23. Share price fell 24% to AU$5.30 over the past week. Announcement • Jul 23
Greatland Resources Limited to Report Q4, 2025 Results on Jul 29, 2025 Greatland Resources Limited announced that they will report Q4, 2025 results on Jul 29, 2025 New Risk • Jun 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 163% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (41% average weekly change). Shareholders have been substantially diluted in the past year (163% increase in shares outstanding). Minor Risk Large one-off items impacting financial results. 