Greatland Resources Limited · ASX:GGP
Greatland Resources — Investor Presentation (September 2026)
46 slides from Greatland Resources's investor presentation, September 2026
Slide 1: A Leading Australian Gold-Copper Producer
A Leading Australian Gold-Copper Producer in Western Australia’s Paterson Province Corporate Presentation September 2026
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 (Greatland or Company). This document and
Slide 3: Important Information
Important Information Production Target - Havieron The information in this presentation that relates to the Feasibility Study for the Havieron Project (FS) and its outcomes, and the FS Life of Mine (LOM) Production Target (and the forecast financial information derived from the Production Target) ar
Slide 4: Greatland overview
Greatland overview
Slide 5: A leading Australian gold-copper producer
A leading Australian gold-copper producer Havieron Feasibility Study completed Owner of the Telfer mine & December 2025, confirming pathway nearby world-class brownfield to a world-class, long-life, lowest Havieron project in WA quartile cost Australian gold-copper mine, leveraging existing infrastr
Slide 6: 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 dual concentrate con
Slide 7: Havieron at a glance
Havieron at a glance A foundation asset Long life Lowest quartile cost Large scale Initial FS mine life of Steady state avg. AISC of Life of mine production of $1,610/oz1,3 under Havieron 4.0Moz AuEq1,5 17+ years, inc. 9 years standalone scenario, with steady state1 potential to reduce if Telfer min
Slide 8: Company overview
Company overview Capitalisation1 Share price $10.80 Shares outstanding 675m Market capitalisation $7.3bn Cash (at 30 June 2026) $1,289 2 Debt (at 30 June 2026) - Net cash (at 30 June 2026) $1,289m 3 Corporate debt facility (undrawn) $475m Total Available Liquidity (at 30 June 2026) $1,764m Listing a
Slide 9: A leading ASX gold company
A leading ASX gold company Greatland joined the ASX in June 2025, establishing a substantial mid-cap Australian gold producer ASX listed Australian gold companies by market cap (A$bn)1 31.3 27.5 8.8 8.8 7.2 7.3 7.0 6.5 5.9 5.2 4.6 4.1 3.0 2.7 2.3 1.8 1.1 (1) Primary ASX listed gold companies with Au
Slide 10: Strong relative FY26 on key financial metrics
Strong relative FY26 on key financial metrics Greatland generated superior free cashflow per ounce in FY26 FY26 Free Cashflow / Gold Produced (A$/oz)1 EV / FY26 EBITDA (annualised)1 2,896 2.2 2,489 3.6 2,333 3.9 2,140 4.2 2,132 4.2 2,004 4.4 1,853 4.5 1,687 6.0 1,636 6.2 1,630 7.5 1,510 8.7 1,509 8.
Slide 11: Telfer - established mine & infrastructure
Telfer - established mine & infrastructure
Slide 12: Telfer is the third largest gold or gold-copper processing capacity in Australia
Telfer is the third largest gold or gold-copper processing capacity in Australia Australian Gold or Gold-Copper Plant Processing Capacity 40.0 Modular plant provides optionality: 32.0 ▪ Telfer is the only operating processing plant in the Paterson region Nominal processing capacity (Mtpa) ▪ Telfer h
Slide 13: Economies of scale enable sector leading processing cost efficiency
Economies of scale enable sector leading processing cost efficiency Telfer is largest and lowest cost processing facility amongst Australian ASX listed gold mines ASX Australian Gold Mines – FY26 Processing Cost (A$/t) and Mill Throughput (Mtpa) 80 Bellevue 70 60 Davyhurst Deflector Processing Cost
Slide 14: Greatland driving operational performance at Telfer
Greatland driving operational performance at Telfer Improved outcomes being achieved - greater focus by a mid-tier mining company compared to a major Gold recovery1,2 Production and margin4,5 Highest gold recovery across the last 5 years achieved under Greatland ownership Significant margin expansio
Slide 15: FY27 Telfer growth capital
FY27 Telfer growth capital1 Telfer growth capital guidance of $315 – 335m to fund investments across mine development, infrastructure and fleet renewal to extend and grow Telfer operations Investing in Telfer’s multi-year life extension – key areas FY27 Telfer Growth Capital FY27 FY28 FY29 FY30+ Exp
Slide 16: Investment has delivered meaningful upgrades to Reserves & Resources
Investment has delivered meaningful upgrades to Reserves & Resources Investment is being made across mine development, infrastructure and fleet for multi-year life extension at Telfer Greatland has almost doubled its Resource since taking control of Telfer and Havieron, supporting a long-life operat
Slide 17: Telfer's resource grew by 4.8Moz in FY26
Telfer’s resource grew by 4.8Moz in FY26 Greatland Mineral Resources estimate – Telfer grows 4.8Moz to 7.9Moz1 Measured Indicated Inferred Total Au Cu Au Cu Au Au Cu Au Au Cu Au Cu Domain Mt g/t % Mt g/t % Moz Mt g/t % Moz Mt g/t % Moz kt Havieron 50 2.56 0.33 4.1 81 1.09 0.13 2.8 131 1.65 0.21 7.0
Slide 18: 215km Telfer drilling planned in FY27, continuing the record drill spend
215km Telfer drilling planned in FY27, continuing the record drill spend Targeting extensions and conversions at West Dome open pit, Main Dome underground and West Dome Underground 1 West Dome Open Pit • Aiming to expand the existing Stage 7 cutback • Potential extension of Stage 2 to support multi-
Slide 19: Havieron – a world class asset
Havieron – a world class asset
Slide 20: Physicals
Physicals Life-of-Mine (LOM)1 Steady State (SS)1 50.3Mt 3.9Mtpa Ore Mined 17+ yrs LOM 9 yrs steady state 2.52g/t Au 2.47g/t Au Grade Processed 2.84g/t AuEq4 2.77g/t AuEq4 0.30% Cu 0.29% Cu Metal Produced2 3.53Moz Au 130kt Cu 266koz Au p.a. 9.6kt Cu p.a. 38.5Mt 3.3Moz Au 3rd largest Australian Ore Re
Slide 21: Financial outcomes – Havieron standalone base case
Financial outcomes – Havieron standalone base case Outcomes under the conservative ‘Havieron Standalone’ base case operating cost model that assumes no extension of the current Telfer mine life A$4,500/oz Long Term Gold A$6,250/oz Spot Gold Free Cash Flow (post-tax, unlevered)1 $5.4 billion $9.6 bil
Slide 22: Pairing Australia's 2nd largest gold project with 3rd largest gold-copper processing facility
Pairing Australia’s 2nd largest gold project with 3rd largest gold-copper processing facility … being paired with Telfer, the third largest gold or gold-copper processing capacity Havieron is one of Australia’s largest undeveloped high-grade gold projects… mill in Australia Resource Moz AuEq Nominal
Slide 23: Havieron Ore Reserve
Havieron Ore Reserve Australia’s largest underground gold mine reserve outside of a Major, at a conservative A$2,500/oz gold price Grade Moz AuEq1 (g/t AuEq)1 25 24.7 7.50 5.1 6.48 7.32 7.00 5 6.50 5.82 6.00 5.31 5.18 4 4.99 5.50 3.7 4.79 4.48 5.00 3.4 4.21 3.0 4.18 4.50 3 4.24 3.58 4.00 2.6 3.14 3.
Slide 24: Illustrative 'Telfer Hub' operating cost scenario
Illustrative ‘Telfer Hub’ operating cost scenario Co-processing of Havieron ore with feed from Telfer, utilising surplus Telfer processing plant capacity Illustrative scenario: Havieron ore is co-processed Train 1 Train 2 with feed from Telfer 10Mtpa Nominal Capacity 10Mtpa Nominal Capacity • Havier
Slide 25: Havieron underground development and mine plan
Havieron underground development and mine plan Large scale Sub Level Open Stope mining with efficient conveyor haulage materials handling system VR3 & VR5 VR2 & VR42 VR1 Box-Cut entry via surface Conveyor decline Main decline Chainage meters completed: 2,129m1 Chainage meters yet to complete: 781m1
Slide 26: Strong funding position
Strong funding position Havieron development expected to be fully funded from existing cash, ongoing Telfer cash flow, and A$500 million corporate debt facility 1 3 Strong Cash Position Corporate Debt 1. Cash: $1,289m (at 30 June 2026) Syndicated Debt Facility with Tier 1 banks2: ✓ Corporate facilit
Slide 27: O'Callaghans at a glance
O’Callaghans at a glance O’Callaghans is one of the largest high-grade tungsten deposits globally with strategic advantages supporting development O’Callaghans is a key strategic asset for Greatland 2025 O’Callaghans Mineral Resource Statement1,2 Tungsten Trioxide Tonnes Copper Zinc Lead (WO3) ▪ 100
Slide 28: Investment proposition
Investment proposition A leading 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 Lifting high-grade Australian gold- development and flexibility of with ava
Slide 29: For further information
For further information info@greatland.com.au https://greatland.com.au Muddled 'X' rebrand of Twitter kills the blue bird | Marketing Mag
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 and Lead Independent Director of Fortescue Ltd ▪ Previously CFO of Northern Star Resources, Sakari Resources and Straits Resources
Slide 31: 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 Senior exploration and Managing CF
Slide 32: FY27 Guidance
FY27 Guidance1 Continued high volume production from Telfer to support investment at Telfer and Havieron Gold Production AISC 260 - 300koz Au $2,900 - 3,330/oz Au Modestly second-half weighted (open pit AISC higher in first-half due to modest second- scheduling), 15-day planned plant maintenance hal
Slide 33: Havieron capex breakdown
Havieron capex breakdown Pre-production capex delivers single decline trucking operation, expansion capex delivers a second decline with conveyor haulage Pre-Production CAPEX: A$1,065m Expansion CAPEX: A$673m Indirects 16% Indirects Surface infra 8% 105 & utilities 6% 234 52 68 7 36 Underground deve
Slide 34: A foundation asset to create a significant asset portfolio
A foundation asset to create a significant asset portfolio Steady state Havieron would one of the largest current ASX primary listed Australian gold mine at lowest AISC (relative to FY26 actuals) AISC (A$/oz) ASX-listed Australian Gold Mines Cost Curve (FY26 actual) Production (koz Au) 3,500 3,000 2
Slide 35: Life of mine physicals and AISC
Life of mine physicals and AISC Steady state average annual production of 266koz gold at lowest quartile AISC $1,610/oz Mining Truck Haulage Ore (Mt) Steady State Period 1 Opportunity to extend ore production from Grade Mt significant residual resources outside mine plan Waste (Mt) Avg. ore mined: 3
Slide 36: Havieron residual Mineral Resource – Long-term optionality
Havieron residual Mineral Resource – Long-term optionality Significant residual Mineral Resources remain outside the Feasibility Study LOM mining inventory 10,000 8,000 6,000 4,000 2,000 AuEq Base of Permian cover OPVM 1 Outside of mine plan - Havieron residual Mineral Resource Tonnage Grade Metal c
Slide 37: Havieron indicative development schedule
Havieron indicative development schedule Timeline PP0 PP1 PP2 Year 1 Year 2 Year 3 Year 4+ Receipt of primary environmental approvals Final Investment Decision (FID) Bank Debt Facilities Secured Pre-Production (Capex $1,065m) includes completion of first decline, mine development, mine infrastructur
Slide 38: Greenfield exploration portfolio in the prospective Paterson region surrounding Telfer
Greenfield exploration portfolio in the prospective Paterson region surrounding Telfer Where ownership of the significant Telfer infrastructure enables a ‘hub and spoke’ strategy to potentially incorporate additional ore from regional sources ✓ Greatland has an exploration portfolio covering >2,000k
Slide 39: Greatland Mineral Resource & Ore Reserve statements
Greatland Mineral Resource & Ore Reserve statements Table 1: Telfer and Havieron Mineral Resource Estimate1 Measured Indicated Inferred Total Tonnes Au Cu Tonnes Au Cu Au Tonnes Au Cu Au Tonnes Au Cu Au Cu Domain Mt g/t % Mt g/t % Moz Mt g/t % Moz Mt g/t % Moz kt Havieron 50 2.56 0.33 4.1 81 1.09 0.
Slide 40: Australian gold or gold-copper processing capacity mill in Australia
Australian gold or gold-copper processing capacity mill in Australia Asset Company Milling Capacity (Mtpa) Source Boddington Newmont Corporation 40.0 Boddington Operations Western Australia Technical Report Summary (31 Dec 2021) Cadia Newmont Corporation 32.0 Cadia 2025 annual review (environment de
Slide 41: Processing unit cost and mill throughput
Processing unit cost and mill throughput Processing Cost Mill Throughput Processing Cost Company Site Source (A$/t) (Mtpa) (A$m) Bellevue Gold Limited Bellevue 76.7 1.2 88.8 ASX Announcement 28 July 2026 "June 2026 Quarterly Report” Evolution Mining Ltd Cowal 23.5 7.8 183.9 ASX Announcement 15 July
Slide 42: Australian undeveloped gold projects mineral resource data
Australian undeveloped gold projects mineral resource data Gold Grade (g/t Contained Au Contained Total AuEq Total AuEq Project Company Tonnes (Mt) Source Au) (Moz) copper (kt) (Moz) grade of (g/t) Hemi Northen Star 295.4 1.4 13.2 0.0 13.2 1.4 ASX announcement 3 June 2026 "Annual mineral resources a
Slide 43: Australia underground mines and projects Ore Reserve
Australia underground mines and projects Ore Reserve Tonnes Gold Grade Contained Contained Total AuEq Total AuEq Project Company Source (Mt) (g/t Au) Au (Moz) Cu(kt) (Moz) grade (g/t) NYSE announcement 19 February 2026 "Newmont Reports 2025 Mineral Reserves of 118.2 million Gold Ounces and Cadia1 Ne
Slide 44: Australian gold mines FY26 production and AISC
Australian gold mines FY26 production and AISC Gold Production AISC Mine Company Source (koz Au) (A$/oz) Kalgoorlie (KCGM, Carosue Dam, Kal Ops) Northern Star Resources 848.013 2,579 ASX Announcement 29 July 2026 "Quarterly Report June 2026” Yandal (Jundee, Thunderbox) Northen Star Resources 436.11
Slide 45: Havieron Feasibility Study macroeconomic assumptions
Havieron Feasibility Study macroeconomic assumptions Base case assumptions FY28 FY29 FY30 FY31 FY32+ (LT) Gold price (A$/oz) 5,000 5,000 4,800 4,554 4,500 Copper price (A$/t) 16,306 16,306 16,022 15,747 15,747 AUD:USD 0.68 0.68 0.69 0.70 0.70 Spot case assumptions FY28 FY29 FY30 FY31 FY32+ (LT) Gold
Slide 46: Appendix: Tungsten Mineral Resource estimate benchmarking sources
Appendix: Tungsten Mineral Resource estimate benchmarking sources Mine / Project Ownership Tonnage (Mt) Grade (WO3 %) Contained Metal (kt WO3) Link Hemerdon Tungsten West 327 0.12% 409 Link Northern Dancer Largo 425 0.10% 405 Link Mactung Fireweed Metals 54 0.70% 374 Link Sisson Northcliff Resources
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