Greatland Resources Limited · ASX:GGP
Greatland Resources — Macquarie Western Australia Forum 2024
31 slides from Greatland Resources's conference presentation, Nov 6, 2024
Slide 1: Creating a new Australian Gold-Copper Producer
Creating a new Australian Gold-Copper Producer Consolidation of 100% of Havieron and Telfer Macquarie Western Australia Forum Presentation 6 November 2024 Shaun Day
Slide 2: Disclaimer
Disclaimer The summary information contained in this document has been provided solely for information purposes and does not purport to be comprehensive or contain all the information that may be required by recipients to evaluate Greatland Gold plc (Greatland or Company). This document and the info
Slide 3: Nearing completion of a transformational acquisition
Nearing completion of a transformational acquisition Havieron is a world-class, high-grade gold- Telfer is an established large-scale operating copper development project discovered by gold-copper mine with one of the largest gold- Greatland in 2018 1 copper processing facilities in Australia, locat
Slide 4: Favourable acquisition structure that is fully funded
Favourable acquisition structure that is fully funded Bilaterally negotiated transaction with total consideration and loan repayment of up to US$475m (before adjustments), Newmont to become a significant investor in Greatland Acquisition financing structure Transaction milestones and timeline Succes
Slide 5: Executive team and Board of directors
Executive team Board of directors Shaun Day Mark Barnaba Managing Director Non-Executive Chairman ▪ Mining and infrastructure focused finance executive ▪ Deputy Chairman of Fortescue Metals Group ▪ Previously CFO of Northern Star Resources, Sakari Resources and Straits Resources ▪ Previously Board M
Slide 6: The right team for value creation at Telfer and Havieron
The right team for value creation at Telfer and Havieron Experienced technical team… …with track record of creating value for shareholders… Greatland Years of Employee Prior role Position experience Managing CFO Shaun Day 25+ Director Northern Star ▪ Shaun Day ▪ Mark Barnaba 2014 – 2021 +313% 2010 -
Slide 7: Telfer – established mine & infrastructure
Telfer – established mine & infrastructure
Slide 8: Telfer has the third highest gold or gold-copper processing capacity in Australia
Telfer has the third highest gold or gold-copper processing capacity in Australia … Australian Gold or Gold-Copper Plant Processing Capacity Plant throughput (Mtpa) 45 Modular plant provides optionality: 40.0 ▪ Telfer is the only operating processing plant in the Paterson region 40 ▪ Telfer has two
Slide 9: With significant stockpiles and a defined mine plan to produce +425koz AuEq
With significant stockpiles and a defined mine plan to produce +425koz AuEq … Mining Region Schematic Telfer (current 15-month mine plan) Mining inventory 12.3Mt 9.6Mt run-of-mine stockpiles 1 21.9Mt Processing inventory (incl. 9.6Mt ROM stockpiles 1) Average Grade Processed Main Dome 0.68 g/t Au /
Slide 10: And substantial extension targets identified
And substantial extension targets identified … Post Acquisition completion, Greatland will investigate ore extension opportunities to extend the current Telfer mine plan and/or supplement Havieron ore Main Dome Open Pit Extension Description Opportunity 1 Main Dome West Open Pit 1 West Dome Open Pit
Slide 11: Within a rich, prospective and underexplored district
Within a rich, prospective and underexplored district … Post-Acquisition enlarged Greatland has interests in ~ 3,800km² of tenure 1 in the highly prospective Paterson Province within 60km of Telfer Legend Greatland Wholly Owned Enlarged Greatland interests in Area (km2) Telfer Havieron the Paterson
Slide 12: Enabling a regional 'hub and spoke' strategy in the Paterson
Enabling a regional ‘hub and spoke’ strategy in the Paterson Telfer production (22Mt, 15-month mine plan) Telfer (2 x 10Mtpa processing plant) Telfer includes a number of open pit and underground brownfield Telfer ext. opportunities extension opportunities to be investigated to either extend Telfer
Slide 13: Havieron – a world class asset
Havieron – a world class asset
Slide 14: Havieron is the second largest undeveloped gold project in Australia
Havieron is the second largest undeveloped gold project in Australia Australian Gold Projects – Current Mineral Resource 1 Contained Oz 2 Resource Grade (Moz Au) (g/t AuEq) 12.0 9.0 Havieron Contained Oz (Moz) Contained Oz (Moz) Contained Oz (Moz AuEq) Grade (g/t Au) 10.5 8.0 10.0 8.1 7.0 8.0 6.0 8.
Slide 15: With an exceptional vertical ounce profile
With an exceptional vertical ounce profile…. Ounces per vertical metre(1) (OPVM) has continued to increase with drilling ▪ Ounces are contained over a compact 650 metre strike, providing for efficient and cost-effective development of in- mine infrastructure ‒ Top 300m: averaging > 9,150 OPVM ‒ Top
Slide 16: Havieron would become one of Australia's top gold mines
Havieron would become one of Australia’s top gold mines ... ASX listed Australian gold mines – Annual attributable production (koz AuEq) & Milled Head Grade (g/t) 1 Annual recovered AuEq Milled Head Grade production (koz) Upside potential through: (g/t AuEq) 500 koz ▪ Havieron mining throughput expa
Slide 17: With lowest quartile cost positioning
With lowest quartile cost positioning … ASX listed Australian gold mines – All-in-sustaining-cost (US$/oz) 1 $4,000/oz Global gold mines AISC (US$/oz) 2 Q1: Q2: Q3: AISC (US$/oz) 3 $3,000/oz US$944/oz US$1,191/oz US$1,412/oz $2,000/oz $2,000/oz $1,000/oz - 1,639 1,675 - 1,607 25% 50% 75% 100% 1,591
Slide 18: Havieron development and mine plan, significant development already complete
Havieron development and mine plan, significant development already complete Ore Body and Mine Development Schematic Havieron Mining throughput 2.8Mtpa Mining / processing inventory 51Mt Avg Grade Processed (g/t Au / Cu %) 2.74g/t Au / 0.32% Cu Surface Mining / Process Start Date H2 2026 / H2 2027 M
Slide 19: Go forward plan
Go forward plan
Slide 20: Post-completion pathway
Post-completion pathway Post-completion, Greatland has a clear pathway with significant potential value catalysts, both operational and corporate 2024 2025 2026 2027 Completion ASX listing Q4 2024 1 Jun Q 2 Telfer high confidence 15-month mine plan 3 to produce 426koz AuEq (374koz Au + 13kt Cu) Telf
Slide 21: Proposed Funding Facilities
Proposed Funding Facilities Debt finance support in place with Tier 1 lending syndicate of ANZ, HSBC and ING Bank 1 2 Telfer Debt Facilities Havieron Debt Facilities Commitment letter entered into in respect of: Non-binding letter of support entered into in respect of: 1. Working Capital Facility: A
Slide 22: Creating a new ASX-listed Australian gold-copper producer
Creating a new ASX-listed Australian gold-copper producer Highly accretive Acquisition for shareholders underpinned by compelling strategic rationale 79 29 WA Au Cu Gold Copper Havieron Quality Havieron Control Telfer Production Telfer Premium Commodity of Destiny and Upside Infrastructure Jurisdict
Slide 23: Appendices
Appendices
Slide 24: Telfer + Havieron – Renewing a major mining complex
Telfer + Havieron – Renewing a major mining complex Telfer mine Au Cu Operating 15 months Havieron project Au Cu Development 20 years Mine plan 1 Funding Mine plan 4 Funding ▪ 15-month mine plan to produce: ▪ ~ A$120m equity funded ▪ 51 Mt @ 2.74gt/t Au & 0.32% Cu for 3.2g/t AuEq ▪ 7-year A$750m pro
Slide 25: Telfer Mine overview
Telfer Mine overview Asset Overview (100% basis) Map Location ▪ East Pilbara region, Paterson Province, Western Australia Ownership ▪ 100% Greatland post Acquisition (currently 100% Newmont) ▪ Telfer mining is currently from open pit (truck and shovel) and underground (open stoping) Mine Type ▪ Telf
Slide 26: Havieron Project overview
Havieron Project overview Asset Overview (100% basis) Significant Capex Invested to Date Location ▪ East Pilbara region, Paterson Province, Western Australia, 45km east of Telfer Ownership ▪ 100% Greatland post Acquisition (currently 70% Newmont / 30% Greatland) Mine Type ▪ Underground mine, sub-lev
Slide 27: Greatland's broader exploration opportunities (beyond Paterson Province)
Greatland’s broader explorational opportunities (beyond Paterson Province) Active exploration campaign beyond the Paterson Province with untested prospective greenstone belt at Ernest Giles, Panorama and Mt Egerton Land Size Project Area Mineral Deposit Description (km2)(1) • Located approximately 2
Slide 28: Telfer Tailings Storage Facility 8 ('TSF 8')
Telfer Tailings Storage Facility 8 (‘TSF 8’) Remediation of TSF 8 enabled processing operations to resume in September 2024, satisfying a key condition precedent to Acquisition Completion Situation Investigation and remediation In Dec 2023, cracking and sinkholes were observed on the embankment wall
Slide 29: Telfer Tailings Storage Facility 7 ('TSF 7')
Telfer Tailings Storage Facility 7 (‘TSF 7’) Initial remediation complete following seepage and sinkhole observed in April 2024. Further remediation planning underway to ensure affected areas are safe, stable and secure from an engineering and environmental perspective, with the costs paid by Newmon
Slide 30: Mineral Resource & Ore Reserve statement
Mineral Resource & Ore Reserve statement Table 1: Greatland Havieron December 2023 Mineral Resource estimate(1), (2), (5), (6) Table 2: Greatland Havieron March 2022 Ore Reserve estimate(2), (3), (4) Tonnage Grade Metal content AuEq Metal(5) Tonnage Grade Metal content AuEq Metal(3) Domain Classific
Slide 31: For further information
For further information info@greatlandgold.com https://greatlandgold.com
Greatland Resources — Macquarie Western Australia Forum 2024 on 6ix