RE: ASX Announce - West Dome Deeps27 Nov 2025 07:27
FOR IMMEDIATE RELEASE
Greatland Resources plc
“A Frank and Slightly Exasperated Update on Why Our Share Price Hasn’t Moved an Inch”
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**Greatland Announces Yet Another Massive Gold Discovery…
…Market Responds Heroically by Doing Absolutely Nothing**
Greatland Resources is delighted (and marginally confused) to announce that we have discovered even more gold. Yes, more. We know — it’s getting a bit ridiculous now.
Following yesterday’s drilling update at the West Dome Underground (WDU), which returned enough gold intercepts to make King Midas blush, we were expecting a modest reaction from the market — perhaps a touch of excitement, maybe a gentle rerate, or at least a small “ping” on someone’s Bloomberg terminal.
Instead, the market responded with its usual enthusiasm:
“Cool story, bro.”
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Highlights:
• Multiple high-grade gold and copper intercepts that any junior explorer would sacrifice their entire board for.
• A mineralised system so chunky it’s now technically classed as a “first-world problem.”
• Sufficient gold to make Scrooge McDuck sit up sharply in his vault.
• Share price movement: please check microscope.
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Why Hasn’t Greatland Rerated?
(We asked the market. Below are the answers it muttered while staring blankly into space.)
1. “Could you maybe… I dunno… publish a Mineral Resource Estimate?”
Yes, apparently turning drill core into an official MRE is the financial equivalent of waving a magic wand.
Until then, gold doesn’t count.
It’s merely “theoretical gold.”
(Like theoretical physics, but shinier.)
2. “You have too much gold already.”
We didn’t realise this was possible, but here we are.
Apparently, markets prefer explorers with one tiny discovery over companies with three large ones.
We apologise for the inconvenience.
3. “You’re not a proper explorer anymore.”
We used to be exciting, scrappy, high-flying wildcards.
Now we’re a responsible owner of mines, cash flow, capex obligations and boring adult things like development studies.
It seems the market enjoyed us more when we were reckless teenagers with a drill rig.
4. “New shares… dilution… blah blah…”
We know.
We’ve issued some shares.
We’re sorry.
Please forgive us.
(But may we politely remind everyone that companies generally need capital to extract hundreds of thousands of ounces of gold? Just saying.)
5. “Call us when the ore is literally stacked outside the London Stock Exchange.”
We’re working on it.
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Management Comment
“We appreciate shareholder patience. We’re working hard to convert the market to the radical new idea that a lot of gold is good. The team is currently exploring several innovative methods to communicate this, including crayons, diagrams, and possibly interpretive dance.”
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Next Steps
• Continue drilling until the market finally blinks.
• Publish an MRE so the
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