Member Info for lebugue-addick

Ace, Liz Gaines has just landed a role with Oryx Global Partners if that's what you are referring to. There is no confirmation as to how she will be splitting her time though.

...and continuing on from SAB's post, as far as this month's JORC MRE for Telfer is concerned, let's not forget that Newmont took out of their MRE all those Telfer Resources which weren't compliant with reporting under SEC SK-1300 rules. Greatland are reviewing all of those again as a matter of urgency. It looks increasingly likely that the resources associated with these exploration targets, as defined in the Admission document, will go straight back in to the JORC MRE thereby extending the life of Telfer well beyond what is needed to have a smooth transition over to Havieron development.

Copper sales not included also - that goes through a different route

MF11 - excellent work as usual, thank you.

And well done for all the hours of research you have put in understanding the position on the separate GDXJ index and conversing so openly with related parties to get to the bottom of why they are currently light by over 190m GGP shares.

It's this type of research which goes unnoticed by many.

Hi speedy - we may get an update from Greatland as early as next week when we get the interim financials to 31 December, fingers crossed.

Transcript from Aim on Air interview last week:

Liam (35:21)

That makes sense. Thank you. And just to clarify, and I have spoken to the management team about this, there was a little confusion through your recent update over how you were going to list on the ASX. Can you just confirm, clarify, and draw a line under this is going to be a cross-listing and not a dual listing, please?

Shaun (35:41)

Yeah, I’m very specific. I always use the word cross-listing. So there is one corporate vehicle that where all shareholders in regards to whether you’re Australian or UK or Czechoslovakia. So it’s just a single simple vehicle. I know the phrase dual listing, which implies I think what Rio Tinto does where they have an Australian vehicle and a London vehicle and a very complex equalization mechanism between the two. We’re doing the simple one.

we’re just doing the cross-listing, we’re all in the same boat together. I think colloquially some people just refer to things as a dual listing. That’s technically not the right phrase for it. It is a cross-listing and I can tell people we’re 100 % locked in on a cross-listing. That is the only option we’re looking at.

https://aimonair.com/?p=3394

The Snorkler. Calculations are wrong. Even a cursory glance at the Greatland admission document will tell you Telfer mine plan AISC is USD1,454/oz. I didn't bother looking at the rest of the figures.

That is for a Premium market listing of course - standard listing might be ok

MH01 - You need to look at the listing particulars to be considered for the main market. Greatland does not meet 2 of the criteria:

1. 75% of business supported by revenue earning record for the 3 year period

LR 6

2. Control over majority of assets for the 3 year period

https://docs.londonstockexchange.com/sites/default/files/documents/main-market-key-eligibility-criteria.pdf

Strong Financial Position

With A$145M in cash, no debt, and additional financial flexibility from a $100M syndicated facility, Greatland is in a strong position to fund its growth and development pipeline. No placing needed or wanted.

Hi Mark. What I expect to happen is the release of the 6 monthly interim accounts to 31 December in March (5th March last year) followed by the quarterly report to 31 March in April.

Greatland retains full upside exposure to the AUD gold price. During the quarter Greatland purchased AUD denominated gold put options in respect of 150,000oz of gold, with an average strike price of A$3,905 per ounce and a series of expiry dates through CY2025.

The put options establish a price level at which Greatland has the right, but not obligation, to sell gold, therefore providing a minimum downside price protection for the protected ounces while retaining full upside exposure to the gold price across 100% of Telfer production volumes.

MH01 - You need to add

6 monthly accounts to 31 December 2024 - March 2025

Telfer Reserves update - June/July 2025

AISC mentioned in the note is just for gold. They have not calculated for copper as well ie gold equivalent

AI bot - well done

Greatland said they made a decision not to take part in the Antipa raise.

Sureasblazes - you are spot on as usual and this is the extract from the recent Admission document (page 74) which gives very encouraging information on the extent of recoveries:

"Telfer produces a gold doré and a copper-gold concentrate. For the Telfer Initial Mine Plan,

approximately 15% of the gold metal is produced as gold doré, with the remainder contained

in the gold-copper concentrate.

Recoveries in CY2023 averaged approximately 82% for gold and 75% for copper, with a

copper concentrate grade of 11.4%. The Telfer Initial Mine Plan assumes recoveries of 78%

for gold and 61% for copper, with a copper concentrate grade of approximately 12%.

Telfer concentrate is transported by road to Port Hedland approximately 450km away, and is

expected to be sold under concentrate sales agreements that the Group will seek to enter

into prior to or shortly after Acquisition Completion".

Newtothis - you need to read the Admission documents and listen to Shaun's interviews again. There are numerous extension opportunities at Telfer which have been identified as between 1.1m oz and 2.6m oz gold equivalent. They were previously contained in Newcrest's MRE but were removed by Newmont as they use different methodology (SK1300 not JORC). These will be put straight back in when the next MRE is released by Greatland this quarter. On top of that Greatland/Newmont have been drilling the West Dome Deeps since May 2024 and we should get assay results back this quarter.

I really do suggest you read the background and listen to the interviews.

We will also get 6 month financial results with outlook- 5 March last year. Expect we will hear latest on gold sales in that update.

MH01 - simple, Shaun Day never said it. I have listened to all his interviews. SC trying to create a storm in a teacup I think.