Member Info for PaddyGall

@pj70 - that scenario won't happen as the Telfer ore and high grade Havieron ore need to be treated differently so each will have a dedicated train. The max we will see would be 10/11mt from Telfer ore & the 4.5mt (once we've ramped up which won't be for years until the second decline/ug crusher etc are in place) - so circa 15mtpa IMO.

Havieron ore will be far higher grade though

ATB - Paddy

@pj70 - we milled 4.584million tonnes in Q1 this year so if that rate is kept constant we would be in excess of 18mt this year.

I think managing the ore reserves and stockpiles to demonstrate to the market that there will be no gap until the Havieron ore comes online whilst still taking advantage of the high gold/copper prices is a balancing act ATM - but 18mtpa is still a lot of rock to process.

ATB - Paddy

Wonderful news this morning - happy for all holders who have kept the faith, the final pieces of the jigsaw are falling into place and with Shaun confirming at the recent Town Hall that he's here for a minimum of another 5 years then we are set for fair weather sailing.

No doubt there will be a few speed bumps along the way (mixing my metaphors) but the course is set now - couldn't be happier with how things have worked out since my first purchase in 2017.

Good Luck to all - Paddy

Discussion here and a link to the full statement should anyone want to read.

https://x.com/RnaudBertrand/status/1919400888982290470

https://asean.org/joint-statement-of-the-28th-asean3-finance-ministers-and-central-bank-governors-meeting/

"All in all, Trump is achieving the unthinkable: bringing East and Southeast Asia together in an economic bloc that seeks to derisk itself from America."

ATB - Paddy

hi element,

goliath definitely showing plenty of promise but there was also a great intersection from the one and only drill ever put into rudall in 2023

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w3njpjr

"hole rad002 intersected 18.25m @ 22.0g/t au from 924m (uncut) to end of hole (eoh) at 942.25m, including 1m @ 393g/t au from 926m. significantly, anomalous copper, silver, bismuth and ****nic assays were recorded within the broad, altered intersection"

"the hole ended due to drilling limitations and mineralisation is open at depth"

"structural and geochemical work and a future downhole electromagnetic survey are required to refine the potential for mineralisation to extend into shallower positions within the system"

shaun is quoted as saying

"while recognising the high-grade intercept is at depth, the strong gold mineralisation and supporting pathfinder geochemistry in consistently altered and veined basement sediments continues to highlight the outstanding prospectivity within greatland's tenement package and the paterson province in general."

and now we have the money making machine to enable us to systematically start to check all the potential future telfer/havieron's on our ground.

atb - paddy

Remember Greatland have two very big dogs on the share register in Newmont and Wyloo who would both be in a position to take on any bid for us which will make any potential suitor think very long and hard before launching an opportunistic offer.

Not too concerned this will happen in the near term but if it were to then we could easily see a bidding war - Wyloo have history for giving majors bloody noses.

ATB - Paddy

Thanks for the update John - seems like it's all systems go in the Paterson at just the right time

ATB - Paddy

Thanks TT,

Last sentence seeming to reinforce the ASX listing as a probable catalyst. Seems to be quite a lot of Aussie related PR in the past few days & weeks and this will only ramp up further as the ASX listing approaches.

ATB - Paddy

Awesome RNS.

Looks like we may have found our "half a Havieron" at long last and I'd say it's pretty close to existing infrastructure too 👍

ATB - Paddy

From 42:56mins in.

https://youtu.be/M4_1ycnhutM?si=UchYMtQv-TBbrbC8

ATB - Paddy

Thanks for the link Nomlas - very useful.

The approval for the Stage 7 cutback at Telfer has been granted - they will be adding another 9 million tonnes of ore from this cutback and I would imagine these cutbacks in the open pits will continue to be applied for as long as the gold price supports processing this lower grade ore. As Hydrogen alluded to yesterday in his post on GGPChat - at elevated gold prices - it's all about getting tonnes through the mill.

https://geodocsget.dmirs.wa.gov.au/api/GeoDocsGet?filekey=cc80be76-696a-4745-829e-6f13a459fe54-awssofsqua80ebyeyopmbampwytpotkf3sn6rwer

"A total of 23 Mt of material will be mined from this

cutback. Of which, 9 Mt will be sent to the processing

plant or dump leach facilities"

ATB - Paddy

Recording of the webcast is now available to watch.

https://webcast.openbriefing.com/greatlandgold_mu_2025/

ATB - Paddy

Maybe punters starting to realise that by Monday, we will have another 27 days worth of production under our belts.

Happy days....

New research note out from SCP

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/250122-ggp-scp-update.pdf

TP raised to 17p

GLA Paddy

Thanks for the reply John - certainly looking forward to the updated Telfer resource in Q1 followed by the updated reserves in Q2 next year.

If Shaun and the board can demonstrate to the market that his vision for a NS type mine life from Telfer (which Newcrest had previously pretty much discarded) can be realised then a lot of the worry and uncertainty should be removed.

ATB - Paddy

Thanks John - I assume these are drives are for new stopes in the A & M reefs of the current Main Dome underground mine?

Extract from the 12 month report on Havieron which was finally submitted this week.

https://ace.dmp.wa.gov.au/ACE/Public/ComplianceSubmissions/AerPopupSubmissionPublicView?id=68526

"Summary of future works over the next 12 months

During the next reporting period (2024/2025), Newmont / Greatland will continue with exploration and mining activities as follows: Tenement M 45/1287

• Construction and operation of additional Evaporation Ponds 4 – 6. Work is scheduled for February 2025 commencement conditional upon Primary and Secondary Approvals under the EP Act (1986), the EPBC Act (1999), the Mining Act (1978) and the Rights in Water and Irrigation Act (1914). A nominal 3-month construction phase is proposed. The construction also includes:

Pipeline and associated infrastructure

Additional monitoring bore installation

Additional clearing and construction for topsoil management

• Recommencement of aquifer depressurisation and mine development to 420mRL (completion of works under Mining Proposal Stage 1 Reg ID 121684). Recommencement dependent upon completion and commissioning of Ponds 4 – 6, nominally June 2025

• Additional monitoring bore installation

• Commence capping on WRL 1. At the completion of Stage 1 mining, pending approvals, the Havieron project will move to Stage 2 which may include the following within the next 12 months:

Tenement L45/636

• Development of Infrastructure corridor between Telfer and Havieron consolidating the existing access road with power and water infrastructure."

So according to that the construction of the evaporation ponds should begin around February provided the EPA approvals have been secured by then - there's roughly a 3 month construction period and the recommencement of the remainder of the Stage 1 development should begin around about June - obviously all dependant on approvals and completion of the ponds.

ATB - Paddy

New note out form the SCP team today - 13p price target but noted plenty of scope for upside

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/241217-ggp-scp-acquisition.pdf

GLA - Paddy

Cont

“We’ve actually got the embarrassment of riches. We have six large gold-copper, copper-gold projects in our portfolio — three at feasibility and another three at pre-feasibility,” he said.

“So we think organically around what we have, we’ve got more than enough to keep ourselves busy for a long period of time.”

Looking ahead for the Greatland team — of which a number are also ex-Northern Star — Mr Day is drawing inspiration from his old haunt’s strategy of buying up unloved assets from the global majors.

“What we’re able to do as a mid-cap is come in, focus on assets that have struggled to attract capital and exploration budget within the broader majors portfolio ... reinvest at those sites, focus on productivity, unlock the full potential,” he said.

“I had conviction this opportunity would be available to us. And that’s what’s brought the team at Greatland in together for expressly this purpose.”

Greatland is aiming to list on the ASX within the next six months.