Greatland Resources Limited · ASX:GGP
Greatland Resources — Q3 2025 Earnings Presentation
19 slides from Greatland Resources's earnings presentation, Oct 27, 2025
Slide 1: A New Australian Gold-Copper Producer
A New Australian Gold-Copper Producer 100% owner of Havieron and Telfer September 2025 Quarter Presentation 27 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: Results and performance highlights
Results and performance highlights
Slide 4: September Quarter 2025 Results
September Quarter 2025 Results Production Sales Cash & Finance Production of 80.9koz Au and 3.4kt Cu at Sales of 82.2koz Au and 3.3kt Cu at Operating cash flow of $284m (Jun Q: $310m) AISC of $2,155/oz Average realised price of $5,277/oz Cash balance of $750m (Jun Q: $575m) 88.6% gold recovery, high
Slide 5: September 2025 Quarter Results
September 2025 Quarter Results
Slide 6: Operations - Mining
Operations - Mining September quarter ore mined to mill from open pit of 1.79Mt at 0.60g/t Au and underground of 0.28Mt at 1.89g/t Au Mining Areas (Sep Q 2025) Ore Mined to Mill and Dump Leach kt Open Pit Ore Mined (Mill Feed) 4,000 3,000 2,611 2,000 1,566 1,789 1,000 0 Mar Q ’25 Jun Q ’25 Sep Q ’25
Slide 7: Operations - Processing
Operations - Processing Production of 80.9koz Au and 3.4kt Cu, with gold recovery of 88.6%, the highest quarterly gold recovery at Telfer since FY2010 Ore Milled (kt) and Head Grade (g/t Au) Summary kt g/t Au ▪ 4.68Mt processed with average head grade of 0.58g/t Au & 0.09% Cu 7,500 0.68 0.75 ▪ Throu
Slide 8: Costs, AISC and Average Realised Price
Costs, AISC and Average Realised Price September quarter AISC of A$2,155/oz is below FY26 guidance of A$2,400-A$2,800/oz AISC Cost Buildup (A$m) Average Realised Price and AISC (A$/oz) AISC Costs (A$m) Average Realised Price and AISC (A$/oz) 5,277 250 191.7 5,500 5,014 174.5 5,000 4,585 200 4,500 84
Slide 9: Significant progress of planned growth capital initiatives
Significant progress of planned growth capital initiatives Key investments in Telfer life extension well underway Growth Initiatives Sep Q 2025 Results Telfer Growth Capital ▪ TSF8 Stage 3 lift on schedule for completion in Dec Q TSF8 Stage 3 and 4 lifts ▪ TSF8 Stage 4 lift scheduled to commence in
Slide 10: Telfer Resource Development – West Dome Open Pit
Telfer Resource Development – West Dome Open Pit September quarter drilling focused on Stage 7 and Stage 2 extension, with 25,286m of resource growth drilling and 16,010m of resource conversion drilling Drilling actively focused on the two key zones envisaged to provide bulk of Telfer’s future basel
Slide 11: Telfer Resource Development – West Dome Underground
Telfer Resource Development – West Dome Underground Phase 2 drilling program underway with nine holes drilled in the September quarter for 4,862 metres. Results from two holes were returned by quarter end, identifying a new high-grade Eastern Limb zone West Dome Underground (WDU) is one of the most
Slide 12: Telfer Resource Development – Main Dome Underground
Telfer Resource Development – Main Dome Underground Sep Q drilling within the Main Dome Underground (MDU) focused on brining multiple near mine extensions to a mine ready status and progressing new mining zone opportunities MDU generally ▪ Sep Q drilling comprised 67 holes for 7.4km ▪ By end of Dec
Slide 13: Telfer Resource Development – Main Dome Underground
Telfer Resource Development – Main Dome Underground Drilling focused on resource conversion at the Tarkin target Kylo ▪ Drilling program commenced during the quarter ▪ Drill completion and delivery to Operations targeted in Dec Q Tarkin ▪ Resource conversion drilling program completed during the qua
Slide 14: Telfer Resource Development – Main Dome Underground
Telfer Resource Development – Main Dome Underground Drilling focused on resource conversion at the Rey extension target Rey ▪ Dedicated diamond rig focusing on resource conversion in the copper rich Rey extension target ▪ Rey extension targeted for delivery to operations team in Dec Q MUC4517087 wit
Slide 15: Havieron
Havieron Permitting and early works progressed, FS is targeted for completion in December 2025 ▪ Permitting and approvals: RFI responses under consideration and positive engagement with relevant departments ▪ Decline tunnel: commenced installation and backfill works for reinforced concrete tunnel co
Slide 16: Corporate and Finance
Corporate and Finance $284m operating cash flow and closing cash of $750m at end of September quarter Sep Q 2025 Cash Flow Sep Q 2025 Financials Au Sold Cu Sold Net Revenue Operating CF 828.5 (9.0) (10.1) (11.1) 750.1 82,199oz 3,277t $476m $284m (55.7) (6.4) 283.9 (16.3) Au realised Cu realised Cash
Slide 17: Rapid payback of upfront acquisition consideration
Rapid payback of upfront acquisition consideration Greatland has more than recouped the upfront acquisition consideration in the first 10 months of Telfer ownership Financial performance since acquisition Upfront acquisition consideration1 in December 2024 to 30 Sep 2025 A$m basis After just ~10 mon
Slide 18: 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 19: 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