Greatland Resources Limited · ASX:GGP
Greatland Resources — Investor Presentation (October 2025)
33 slides from Greatland Resources's investor presentation, Oct 10, 2025
Slide 1: A New Australian Gold-Copper Producer
A New Australian Gold-Copper Producer in Western Australia’s Paterson Province Corporate Presentation 10 October 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 Resources Limited (together, Greatland or Company). This do
Slide 3: Greatland overview
Greatland overview
Slide 4: A new leading Australian gold-copper producer
A new leading Australian gold-copper producer Owner of the Telfer mine & nearby world-class brownfield ASX and AIM listed Havieron project in WA following ASX listing in June 2025 Port Hedland Telfer mine Havieron project Q1 FY26 production results:1 FY26 guidance:2 Paterson region 80.9koz gold prod
Slide 5: Telfer at a glance
Telfer at a glance Telfer is an iconic Western Australian gold-copper mine that Greatland acquired in December 2024 Mining Processing Production Established large 20Mtpa combined Produces gold doré scale open pit and nominal processing and copper-gold underground capacity across two concentrate cont
Slide 6: Havieron at a glance
Havieron at a glance Havieron is a world-class brownfield Australian gold-copper development project located 45km from Telfer World-class deposit Development Processing Compact strike Main access decline High-grade gold- length & large advanced 2.1km to copper ore will utilise 100kt+ stopes within 8
Slide 7: Company overview
Company overview Capitalisation1 Share price (9 Oct 2025) $8.30 Shares outstanding 671m Market capitalisation $5,567m Cash (at 30 Sep 2025) $750m Debt (at 30 Sep 2025) 2 - Net cash (at 30 Sep 2025) $750m Working capital facility 3 $75m Total Available Liquidity (at 30 Sep 2025) $825m Listing and Liq
Slide 8: New leading ASX gold company
New leading ASX gold company Greatland joined the ASX in June 2024, establishing a new substantial mid-cap Australian gold producer ASX listed Australian gold companies by market cap ($bn) 1 $35.2 $22.9 $7.7 $7.1 $6.0 $5.6 $5.2 $4.9 $4.6 $2.6 $2.4 $1.9 $1.8 (1) Features only those ASX listed gold co
Slide 9: FY25 Financial Highlights
FY25 Financial Highlights 1 Strong financial results, reflecting only ~7 months of Telfer ownership from acquisition completion on 4 December 2024 to 30 June 2025 Revenue EBITDA EBITDA per ounce $961.3 million $526.7 million $2,917 per oz gold sold From the sale of: Enabled by low cost production wi
Slide 10: Favourable FY25 cashflow metrics and relative valuation
Favourable FY25 cashflow metrics and relative valuation Greatland generated superior free cashflow per ounce in FY25, whilst being valued relatively modestly per contained ounce of gold Mineral Resources FY25 Free Cashflow / Gold Produced (A$/oz) Market Cap / Mineral Resource Estimate (A$/oz) $2,301
Slide 11: FY2026 Guidance Comparison
FY2026 Guidance Comparison Greatland is the newest ASX listed midcap gold producer ASX listed gold companies FY26 production guidance (koz) and AISC (A$/oz guidance) (midpoint)1 FY26 Production (koz) (mid-point) FY26 AISC (A$/oz) (mid-point) 1,900 2,800 2,850 3,000 2,750 2,750 2,750 1,850 2,600 2,60
Slide 12: Experienced technical leadership team
Experienced technical leadership team Greatland has assembled an experienced technical leadership team with a strong track record Greatland Years of Greatland Years of Employee Prior roles include Employee Prior roles include Position experience Position experience Managing CFO Group Mining Manager
Slide 13: A well-timed acquisition...
A well-timed acquisition... Gold and copper prices have performed strongly since the acquisition of 100% of Telfer and Havieron Since acquisition announcement: Gold +61% Copper +20% 11,000 4,000 10 Sep’24: Telfer-Havieron 10,500 Acquisition announced 3,500 Gold Price (US$/oz) Copper Price (US$/t) 10
Slide 14: ...enabling rapid payback of acquisition consideration
…enabling rapid payback of acquisition consideration Considerable value has already been realised by Greatland in the first seven months of Telfer ownership Acquisition consideration paid Financial performance since acquisition Go forward to Newmont to date1 in December 2024 to 30 June 2025 A$m basi
Slide 15: Telfer - established mine & infrastructure
Telfer - established mine & infrastructure
Slide 16: Telfer is the third largest gold or gold-copper processing capacity in Australia
Telfer is the third largest 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 40 Telfer is the only operating processing plant in the Paterson region Telfer has two 10M
Slide 17: Greatland driving operational performance at Telfer
Greatland driving operational performance at Telfer Improved outcomes being achieved by the greater focus placed on the asset by a mid-tier mining company compared to a major Gold recovery1 Production and margin4,5 Highest gold recovery across the last 5 years achieved under Greatland ownership Sign
Slide 18: Investment is being made across mine development, infrastructure and fleet for multi-year life extension
Investment is being made across mine development, infrastructure and fleet for multi-year life extension at Telfer FY26 Telfer growth capital guidance of $230 – 260m1 to fund key investments in further life extension Investing in Telfer’s multi-year life extension FY26 Telfer Growth Capital1 FY26 FY
Slide 19: Including 240km Telfer drilling planned in FY26, the largest program in its history
Including 240km Telfer drilling planned in FY26, the largest program in its history Targeting extensions and conversions at West Dome open pit, Main Dome underground and West Dome Underground Transformational FY26 for Telfer drilling, Telfer drilling by financial year (km) 1 with >240km of drilling,
Slide 20: Havieron – a world class asset
Havieron – a world class asset
Slide 21: Havieron is the second largest undeveloped high-grade gold project in Australia
Havieron is the second largest undeveloped high-grade gold project in Australia Australian Gold Projects – Current Mineral Resource 1 Contained Oz 2 Resource Grade (Moz Au) (g/t Au) 12.0 Havieron Contained Oz (Moz) Contained Oz (Moz) Grade (g/t Au) Existing processing solution 10.0 11.2 9.0 10.0 8.0
Slide 22: World-class project
World-class project Havieron is a world-class project that is partially developed and will utilise existing Telfer infrastructure Feasibility Havieron Feasibility Study is targeted for completion in the Study December quarter 2025 Initial Mining Rate Expanded Mining Rate 2.8Mtpa 4.0 - 4.5Mtpa Expand
Slide 23: Financing
Financing $825m liquidity at 30 Sep 2025, with $750 million cash and debt finance support and hedging in place with banking syndicate ANZ, HSBC and ING Bank 1 3 4 Strong Cash Position Gold Put Options Havieron Debt Facilities 1. Cash: $750m (at 30 Sep 2025)1 Greatland has secured downside price prot
Slide 24: Regional exploration
Regional exploration
Slide 25: Greenfield exploration portfolio in the prospective Paterson region surrounding Telfer
Greenfield exploration portfolio in the prospective Paterson region surrounding Telfer Where ownership of the significant Telfer infrastructure enables a ‘hub and spoke’ strategy to potentially incorporate additional ore from regional sources Greatland has an exploration portfolio covering >2,000k
Slide 26: Investment proposition
Investment proposition A new Australian gold-copper producer with a platform for growth Production Mine life Infrastructure Funding Growth Telfer is a top 10 World class Havieron Leveraging the scale Strong balance sheet Investing in Australian gold- development and flexibility of with available exp
Slide 27: For further information
For further information info@greatland.com.au https://greatland.com.au
Slide 28: Executive team 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 Ltd Previously CFO of Northern Star Resources, Sakari Resources and Straits Resources Previously Board Member of
Slide 29: 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 Domain Classification (Mt) Au (g/t) Cu (%) Au (Moz) Cu (kt) Domain
Slide 30: Australian undeveloped gold projects mineral resource data
Australian undeveloped gold projects mineral resource data Contained Gold Resource Grade Project Company Source (Moz) (g/t Au) Hemi Northern Star Resources 11.2 1.3 ASX Announcement 2 December 2024 “Northern Star agrees to acquire De Grey” As per Greatland Resources Limited’s Replacement Prospectus
Slide 31: Market Capitalisation and Mineral Resource Calculations
Market Capitalisation and Mineral Resource Calculations Mineral Resources (Mt) Contained Ounces (Moz) Market Mkt Share Shares Company Cap Cap / Measure price outstanding Measured Indicated Inferred Au Grade Total Indicated Inferred Total (A$M) MRE d Ora Banda Mining Ltd 1 17 9 2.4 27 2.1 $1.28 1,889
Slide 32: FY2026 Guidance
FY2026 Guidance Range Midpoint Gold Production Exploration + Gold production Exploration + Company AISC ($/oz Au) Growth capital AISC ($/oz Au) Growth capital (koz) R&D (koz) R&D Greatland Resources Ltd 260 – 310 2,400 – 2,800 290 – 330 55 – 60 285 2,600 310 58 Bellevue Gold Ltd 130 - 150 2,600 - 2,
Slide 33: Underlying FCF/oz Calculation
Underlying FCF/oz Calculation Hedge Operating Working Investment Dividends / Opening Closing Growth book Underlying FY25 Underlying Company CF (incl. Exploration capital and and Share Buy Financing Tax Other Total CF cash and cash and Debt Net Cash capital closure FCF Production FCF/oz (A$) leases)
Greatland Resources — Investor Presentation (October 2025) on 6ix