Greatland Resources Limited · ASX:GGP
Greatland Resources — Investor Presentation (April 2025)
33 slides from Greatland Resources's investor presentation, April 2025
Slide 1: A New Australian Gold-Copper Producer
A New Australian Gold-Copper Producer 100% owner of Havieron and Telfer Corporate Presentation April 2025
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 or Greatland Resources Limited (together, Greatlan
Slide 3: Greatland is a leading new Australian gold and copper producer
Greatland is a leading new Australian gold and copper producer Havieron is a world-class, high-grade, Telfer is an established large-scale operating brownfield gold-copper development project gold-copper mine with one of the largest gold- discovered by Greatland in 2018 copper processing facilities
Slide 4: Favourable acquisition structure successfully executed
Favourable acquisition structure successfully executed US$450 million total consideration, comprising: Key recent and upcoming milestones Acquisition signed and announced 10 September 24 Cash US$162.0m 1 Successful US$334m equity raising closed 13 September 24 1 consideration Estimated further A$32.
Slide 5: Company overview
Company overview Capitalisation1 Share price (as at 17 Apr 2025 ) £0.14 A$0.30 Shares outstanding 13,079m 13,079m Market capitalisation £1,894m A$3,936m Cash (at 31 Mar 2025) £191m A$398m Debt (at 31 Mar 2025) 2 - - Net cash (at 31 Mar 2025) £191m A$398m Working capital facility 3 £36m A$75m Total A
Slide 6: The right team for value creation at Telfer and Havieron
The right team for value creation at Telfer and Havieron Experienced technical leadership team… …with track record of creating value for shareholders… Greatland Years of Employee Prior roles include Position experience Shaun Day 2014 – 2021 1,188% Managing CFO Shaun Day 25+ Simon Tyrrell 2016 – 2022
Slide 7: ASX listing - targeted for June 2025
ASX listing - targeted for June 2025
Slide 8: Cross-listing structure
Cross-listing structure The ASX cross-listing will involve a reorganisation, with an Australian public company inserted as the parent company, whose shares will be tradeable on ASX and AIM Post Reorganisation, ASX and AIM Cross Listing Key Listing Events Timetable Depositary Key Events Dates (indica
Slide 9: ASX listing rationale
ASX listing rationale An important and natural step to further Greatland’s strategic objectives ASX is the leading global exchange … and the primary listing venue for some of the … with access to the world’s second for metals & mining … world’s largest mining companies … largest pension pool investe
Slide 10: ASX listed mid-cap Australian gold producers
ASX listed mid-cap Australian gold producers Greatland ranks favourably within the ASX listed mid-cap Australian gold producers ASX listed mid-cap Australian gold producers Market Cap FY25 Production Guidance (A$bn) 1 (annualised mid-point, koz Au) 2 6.0 450 400 365 400 4.9 5.0 348 3 340 4.3 350 3.9
Slide 11: Telfer - established mine & infrastructure
Telfer - established mine & infrastructure
Slide 12: March 2025 Quarter Results and FY25 Guidance
March 2025 Quarter Results and FY25 Guidance Production Sales Cash Production of 90.2koz Au and 3.5kt Cu Sales of 89.1koz Au and 3.7kt Cu Free cash flow of A$253m at AISC of A$2,126/oz Average realised gold price A$4,585/oz Closing net cash of A$398m (31 Mar 25) Revenue of A$458m Financing FY25 Guid
Slide 13: Exceptional Telfer AISC margins and improved recoveries
Exceptional Telfer AISC margins and improved recoveries Under Greatland ownership in the March 2025 quarter Telfer achieved improved recoveries and record margins from lower AISC and high gold prices Gold Production (koz), AISC (A$/oz) and Average Realised Price (A$/oz) Greatland has achieved sign
Slide 14: Telfer has the third highest gold or gold-copper processing capacity in Australia
Telfer has the third highest gold or gold-copper processing capacity in Australia Australian Gold or Gold-Copper Plant Processing Capacity Plant throughput (Mtpa) 45 Modular plant provides optionality: 40.0 Telfer is the only operating processing plant in the Paterson region 40 Telfer has two 10
Slide 15: Significant stockpiles at surface (as at 31 Mar 2025)
Significant stockpiles at surface (as at 31 Mar 2025) Greatland has more than 400koz contained gold in estimated stockpiles (ROM and Low Grade) at the end of 31 Mar 2025 Telfer Stockpiles - ROM Ore and Low Grade (31 Mar 2025, estimated) Stockpiles Contained Gold ROM Ore Stockpiles Unit Result (Mt) (
Slide 16: Telfer Mineral Resource of 3.2Moz gold
Telfer Mineral Resource of 3.2Moz gold Greatland’s inaugural Telfer MRE announced in March 2025 delineated 3.2Moz Au + 117kt Cu Mineral Resource West Dome Open Pit (Plan View) North Main Dome Open Pit Main Dome West Dome Underground Open Pit Open Pit Surface Existing UG Development Indicated Mineral
Slide 17: Telfer 2-Year Outlook
Telfer 2-Year Outlook Telfer 2-Year Outlook targets average annual production of 280-320koz of gold plus 7-11kt copper across FY26-27 Telfer FY26 and FY27 Production (koz) and AISC (A$/oz) Ranges1,2 Bridges any previously perceived 'gap' before Havieron production is expected to begin during FY283
Slide 18: Telfer 2-Year Outlook mining areas – West Dome Open Pit
Telfer 2-Year Outlook mining areas – West Dome Open Pit Telfer 2-Year Outlook comprises inventory from areas within the West Dome Open Pit, Main Dome Underground, ROM Stockpiles and Low Grade Stockpiles West Dome Open Pit (Plan View)1,2 West Dome Open Pit (Long Section)1,2 Telfer Ore Reserve (31 Dec
Slide 19: Telfer 2-Year Outlook mining areas – Main Dome Underground
Telfer 2-Year Outlook mining areas – Main Dome Underground Telfer 2-Year Outlook comprises inventory from areas within the West Dome Open Pit, Main Dome Underground, ROM Stockpiles and Low Grade Stockpiles Main Dome Underground Significant improvements in underground development productivity have
Slide 20: Multiple extension opportunities outside the Telfer 2-Year Outlook
Multiple extension opportunities outside the Telfer 2-Year Outlook Multiple avenues to support Telfer growth and extension opportunities 1 to 3 : West Dome Open Pit Multiple extensions opportunities being evaluated: • Stage 7 extension, Central Main Dome Extension and Southern West Open Pit Extensio
Slide 21: Located within the rich, prospective and underexplored Paterson province
Located within the rich, prospective and underexplored Paterson province Legend Legend Greatland (100%) Greatland (100%) Greatland – Rio Tinto Greatland – Rio Tinto Paterson South JV Greatland has an exploration portfolio covering ~2,200km2 Paterson South JV Rio Tinto (100%) Rio Tinto (100%) Cypri
Slide 22: Havieron – a world class asset
Havieron – a world class asset
Slide 23: 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 Havieron Contained Oz (Moz) Contained Oz (Moz) Contained Oz (Moz AuEq) Grade (g/t Au) 10.0 11.2 9.0 10.0 9.0 8.0 7.0 8.0 8
Slide 24: Havieron expansion
Havieron expansion Havieron Feasibility Study is assessing an an initial mining rate (post ramp-up) of 2.8Mtpa, increasing to between 4.0Mtpa - 4.5Mtpa by development of an underground crusher and material handling system Havieron Feasibility Study is targeted for completion in H2 CY2025 with fi
Slide 25: Go forward plan
Go forward plan
Slide 26: Post-acquisition pathway
Post-acquisition pathway Greatland has a clear pathway with significant upcoming potential value catalysts, both operational and corporate 2024 2025 2026 2027 Acquisition ASX cross-listing Completed Jun 251 4 Dec 2024 March Q 90.2koz Au, A$2,126 AISC Telfer FY25 Guidance Telfer 2-Year Outlook2 196 –
Slide 27: Financing
Financing Debt finance support and hedging in place with Tier 1 banking syndicate ANZ, HSBC and ING Bank 1 2 3 Telfer Debt Facilities Gold Put Options Havieron Debt Facilities A$100m Syndicated Facility Agreement with ANZ, Greatland has secured downside price protection Non-binding letter of support
Slide 28: Creating a new ASX-listed Australian gold-copper producer
Creating a new ASX-listed Australian gold-copper producer Building upon a highly accretive acquisition underpinned by compelling strategic rationale WA 79 Au 29 Cu Gold Copper Havieron Quality Control of Telfer Production Telfer Premium Commodity Destiny and Upside Infrastructure Jurisdiction Mix
Slide 29: Appendices
Appendices
Slide 30: 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 31: 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 Targeted Mineral Description (km2) 1 • Located approximately 2
Slide 32: Mineral Resource & Ore Reserve statement
Mineral Resource & Ore Reserve statement Table 1: Greatland December 2024 Group Mineral Resource Estimate 1 Table 3: Greatland Havieron December 2023 Mineral Resource Estimate 3 Tonnage Grade Metal content Tonnage Grade Metal content AuEq Metal3 Domain Classification (Mt) Au (g/t) Cu (%) Au (Moz) Cu
Slide 33: For further information
For further information info@greatlandgold.com https://greatlandgold.com
Greatland Resources — Investor Presentation (April 2025) on 6ix