Member Info for TheSnorkler

What I find strange is that GGP haven't included the Tungsten in any resource statement.

From the ASX prospectus:

O’Callaghan’s polymetallic deposit (tenement M 45/203)

The O’Callaghan’s deposit is a tungsten, copper, lead, and zinc sulphide deposit located

approximately 10 km south-southeast of the Telfer mine. The mineralisation occurs as a subhorizontal layer of polymetallic skarn within limestone units within the Proterozoic Puntapunta

Formation from a depth of approximately 300 m and is up to 60 m thick. The skarn is located on the

contact between the O’Callaghan’s Granite and the overlying limestones (Figure 5-5).

The deposit was first discovered in 1985 and has been drilled out to a nominal 100 m × 100 m drill

hole spacing. A small part of the deposit has been infilled to a nominal 50 m × 50 m drill hole

spacing to test the short range geological and grade variability. A total of 184 RC and diamond drill

holes have been completed for 71,700 m.

Mineral Resources estimates have been completed for the deposit in 2010 and 2016. Newmont

reported the Mineral Resources in the December 2023 as part of the company’s Annual Mineral

Resources and Ore Reserves Statement (2023 Annual Report and Form 10-K) from the 2016

model update. SRK reviewed the 2016 Mineral Resource estimate in 2018 and considered it had

been prepared using accepted industry practice and classified and reported in accordance with the

JORC Code (2012). Greatland is currently in the process of reviewing the O’Callaghan’s Mineral

Resource estimate and is yet to release an updated Mineral Resource statement.

Its like they aren't comfortable with the Newmont drilling reports?

Russians buying gold..everyone loves the yellow stuff

https://www.express.co.uk/news/world/2128247/russia-gold-assets-sanctions-economy

Strange, it's the other way round for me: It works on my phone (Android), but on Windows, using Edge, it basically hangs the whole browser unless I disable Javascript.

Argonaughts are forecasting:

"We assume a pre-production

Capital cost for Havieron of A$1.5b and life of mine capex of A$3.0b, which yields an

expanded production rate of +300kozpa of gold and 10ktpa of copper for more than

15 years."

They also forecast using A$585m debt to part fund.

https://research.argonaut.com/wp-content/uploads/2025/10/20251007-Greatland-Resources-1QFY26-preliminary-result.pdf

Bamps I'd be interested in your view of this research. I quite like their approach to the breakdown, however some of their mine life and ore reserves look conservative (not a bad thing)

Bamps, totally agree.

I think the missing piece here is that we can see via the drilling results there is still LOTS of gold in Telfer. What hasn't been communicated is the current mine life at Telfer. I appreciate that this is hopefully a continuously moving feast, however unless you can read these technical mining results and infer the size and mine extension then it all very academic. Bamps, I appreciate you have these skills, I don't, and I am forever thankful of your input to this board.

It would be nice if SD could turn these mining results into a Telfer mine life forecast for us simple folk. I appreciate there is a requirement to drill a certain density of holes to 'prove' a resource, however there was a section which they had handed over to the operations team , which I would image could be used to add to the mine plan/life.

"Bees to Honey" Telfer is giving us the funding options without the punishing terms.

Very nice

Australians can't multiply 20mt x POG?

Well postioned now for rerate up.

Hold for gold.

Well done all.

Https://research.argonaut.com/wp-content/uploads/2025/10/20251022-Greatland-Resources-Exploration-update.pdf

X https://share.google/CCQQkogShAFdSGS9J

So it ok to discuss petty annoyances , but you can can't discuss anything that affect the Greatland Resources share price performance.

..Got it!

POG ATM 4379.6... that annoys me!

In the meantime Gold now back above $4,300.

Https://australiatimes.com/asic-files-suit-against-macquarie-group-for-alleged-misleading-conduct

"Those kangaroos just dont want to jump for some reason. 2% is insulting"

..probably tied down.

I enjoy watching shares...when they are going up..

See you this evening then!

Simply wow!

Keep flipping between Gold price and ggp price..with the occasional check on the trump/eceonomic news.

I should be asleep.

Maybe we could open a visitor centre for passing kangaroos and sell gold panning experiences on the tailings.

If we reach a point where there are opportunities to invest in developing both Telfer and Havieron, we’ll need to prioritise one over the other to avoid taking on excessive debt. Pursuing both projects simultaneously would strain not only our capital resources but also our management and operational capacity.

One alternative is to extend the timeline of one of the projects to reduce cash burn.

The key advantage here is that we have options—and we’re in control. We have all the resources required to deliver both an expanded Telfer and Havieron. The real question is: what timeline do we want to commit to, and what level of additional cost (debt) are we willing to accept to achieve it?

Personally, I’d be happy to prioritise the expansion of Telfer and delay Havieron’s development by six months, even if it takes an extra six months to build. If that helps us avoid burdensome debt, it’s worth considering. However, if debt can be secured on favourable terms, then I’d support moving ahead at full speed.

I also have full confidence in SD to guide us through these decisions and challenges.

Element , The restrictions you outline around debt funding would not apply to Greatland as they would have the capital to mitigate such risks.

The cash in the bank + Telfer income would provide the necessary security.

"Never ask a bank for loan when you have no money, however when you have money they are happy to give"

Remember also it could be partially funded from capital and partially from debt.

..but the point is Greatland has that choice to use the agreed debt funding or use the pile in the bank. That is massive advantage.