Member Info for TimberTrader

Thanks Neil, I'm trying to just drop just a few posts in when the board appears to be largely free of the regular disrupters (they'll probably all reappear now!), and read more by those actually interested in available research.

Franklin Resources/Franklin Advisors are one of Greatland Resources biggest institutional holders, with 13,521,023 shares as at 30th June 2025.

Greatland Resources is their 9th largest holding in their 'Franklin Gold And Precious Metals Fund', with 2.76% of the total fund holdings.

Their latest fund commentary states:

PERFORMANCE REVIEW

"On an individual security basis, all of the top-10 relative contributors were in the gold industry, where a long list of off-index or overweighted holdings outpaced the benchmark (including a couple that rose morethan 100%), led by Greatland Resources, Southern Cross Gold, Skeena Resources, Artemis Gold, Onyx Gold and Montage Gold."

OUTLOOK

"Gold prices averaged $3,289 per ounce in 2Q25, compared to $2,858 per ounce in 1Q25 and $2,660 in 4Q24, thereby extending the positive momentum we saw over the previous four quarters. Although we think current cost inflation and skills shortages in the broader mining industry may continue to weigh on companies’ operating costs to some degree, many of those pressures have been easing in the near term, and we believe higher gold prices should more than offset any cost pressures, allowing many companies to deliver potentially meaningful earnings and free cash flow growth. As a result, we remain constructive on gold and continue to see what we consider attractive valuations across the industry. Rapidly increasing cash flow from gold producers also leaves us optimistic about further industry consolidation in the coming months..."

https://www.franklintempleton.com/forms-literature/download/632-QC

GOLD - Page 71

COPPER - Page 88

OTHER CRITICAL MINERALS (Including Tungsten) - Page 117

https://www.industry.gov.au/sites/default/files/2025-06/resources-and-energy-quarterly-june-2025.pdf

Many thanks to all for your kind words, which, really, are very much appreciated. It's been a long, long time.

I'll definitely still try to post from time to time, but just not as regularly as I have in the past. It's nothing to do with our great company, which I know will shine, for sure, as those who've taken the time to research know so, so well. Cheers again!

Just to let the, very few now, long term regulars who've been posting/reading on here for years, I've decided, like many others have now, over the past couple of years, to back off from posting regularly.

This board has, especially over the past few months, become a complete & utter joke, with anything, even very important, swamped by trolls, and those replying to them, making it pretty much pointless to waste one's time, posting any relevant new GGP research.

Maybe it'll get back to where it was, but I doubt it.

Good luck to all, thanks for reading to date, and, as always, DYOR.

TT

It was a 20-1 CONSOLIDATION, so you divide the new price by 20 to get the old price.

Key Takeaways

- Gold prices have surged above $3,000 per ounce in 2025, outpacing equities and reinforcing its role as a strategic hedge amid rising macroeconomic uncertainty.

- While gold bullion offers stability, investors in 2025 are increasingly turning to hybrid strategies like the WisdomTree Efficient Gold Plus Gold Miners Strategy Fund (GDMN), which delivered 75.2% year-to-date returns vs. the S&P 500’s modest 6.2% gain.

- With inflation-fighting headwinds easing and confidence in fiat systems wavering, gold is no longer just a safe haven, it’s a high-convexity asset with multiple expressions, from tokenized gold to M&A-fueled miner growth.

.....

"Greatland Gold redefined junior mining by acquiring Telfer and Havieron from Newmont, generating $253 million in free cash flow and building a $398 million cash pile...."

https://www.wisdomtree.com/investments/blog/2025/07/08/gold-above-3000-what-comes-next

...and I forecast that, as soon as the sp rises, when things settle, and we have more, inevitable, good news, you'll disappear, never to be soon again, just like most of your de-ramping mates always do.

Well, that's a good early start to our Q3 2025 results then!

In Q1 2025 we produced 3,511t of copper at Telfer, and we sold 3,705t at a weighted average realised price of A$13,140/t. During Q2 2025 the average copper price was around 6-7% higher than in Q1, so it'll be interesting to see what prices were realised for sales in the upcoming Q2 report.

Also, just as a sideline, the amazing copper grades coming out from the recent drilling at the Telfer WDU, are very encouraging if we develop that further.

I was reading a few days ago about the very first drilling by Newcrest Mining, back in 1992, which involved diamond drilling at what they called the 'Anketell Group', which included Havieron. They noted "a structure which connects all the magnetic anomalies of Outamind, Decka, Budgiedown and Havieron. The structure may be influencing mineralisation at Havieron".

It'll be interesting to see how we progress the Rio J/V, as it seems we're, probably rightly, concentrating right now on our 100% owned tenements.

Yup, it's called conviction, which a lot of us have (Ha!Ha!) in our GGP investment.

Funnily enough, Firetrail was set up by some guys from Macquarie who's fund that they ran there was one of the best performing Australian equity funds over the medium & long term.

In the blue at £3.175...

"We're very excited to be the cornerstone investor in two of the most successful IPO's, Virgin & Greatland Gold....We like the quality of the asset with it's transition into the Australian market. We think it will continue to deliver outperformance compared to some of it's gold peers."

Exactly as I posted on Friday:

Firetrail had 35,253,858 'new' shares in Greatland Resources, which represented an interest of 5.26%.

They've sold a relatively small number of shares, NET 2,603,983 which could be for a number of reasons, including the likes of a re-balance, which is absolutely normal. I can't answer that one exactly.

The required notified result is that it now looks like they hold 32,649,875 shares = 4.87% interest, which is no longer a 'substantial shareholder' under ASX rules.

It's nothing particularly significant overall.

Not too long now, and it'll likely be around just a week after the Greatland Resources Q2 2025 Results, and maybe additional drilling report(s) & Telfer MRE.

Shaun Day is presenting on Tuesday, 5th August at 12:05 PM AWST = 05:05 AM UK BST.

https://www.diggersndealers.com.au/dnd/wp-content/uploads/DnD-2025-Presenter-Programme_300625.pdf

Here's Shaun Day's presentation from last year:

https://www.youtube.com/watch?v=CAQuVJ94Oug

It's worth noting that it's the end of the financial year in Australia, and therefore they may well publish the Q2 update at the same time as the annual report (ASX-listed companies must provide a full company report to shareholders at least twice a year, within two months of the end of their balance sheet date). They may well also include the Telfer MRE as well. It's my understanding that a respected investor emailed to ask when the Q2 update was expected, and was emailed back to say, end of July, so IMHO, that's where to set one's sights. Period!

It's not rocket science, it's what's likely, but will surely affect the usual suspect trolls, who'd love to use it as another de-ramping tool!

DYOR & GLA!

The first report from Newcrest Mining after their first diamond hole drilled at Havieron in 1992...

"The 1987, 1988 and 1989 exploration programs in this region have shown that both shallow drilling and geochemical sampling are ineffective in this type of setting. Therefore, the 1990 exploration effort centred on generating geophysical targets at attainable depths. Information from the 1988 aeromagnetic survey and ground magnetic survey was analysed by the Newcrest Mining Ltd. Geophysical team. It was suggested that magnetic anomalies in Decka, Budgiedown and Havieron were the most prospective and so exploration activities centred around these three tenements."

"Ground magnetic surveys were carried out by Goanna Exploration over anomalies interpreted from an airborne geophysical survey carried out during 1988. The surveys better defined the anomalies from which drilling programs could be devised to identify the anomaly. Three (3) diamond drill holes for a total of 936.75 metres were subsequently drilled (Simmonds 1991)."

"A 533.2 metre hole was drilled at Havieron through 424 metres of overlying Permian Fluvialglacial sediment in to underlying Proterozoic metasediments and intersected gold, copper mineralisation. Petrographic descriptions of core indicated the existence of possible Skarn type mineralisation."

They concluded:

"The discovery of skarn-type mineralisation at Havieron makes the Anketell Group highly prospective. A geological and structural interpretation of the Anketell Group notes a structure which connects all the magnetic anomalies of Outamind, Decka, Budgiedown and Havieron. The structure may be influencing mineralisation at Havieron. Therefore, it is recommended that the 1993 exploration program centre on these four tenements."

I came across this again today. An interesting view of Telfer from a couple of years ago, which give a good perspective

https://earthobservatory.nasa.gov/images/153079/peering-into-the-pits-of-telfer-mine

Just for information & background, and thanks to Stuart Hinds on 'X', who cites a geologist he knows...

"This was pointed out to me by a geologist regarding the Telfer west dome deeps. His words not mine -

“This is one highest grade copper grades I have ever seen, it’s insane - anywhere ” "

https://x.com/hinds_stuart/status/1939958064334987541

https://pbs.twimg.com/media/GuwdkwpXAAAVY5C?format=jpg&name=medium

This is from the Greatland Gold RNS dated 20th February 'West Dome Underground Project - Maiden underground drilling results below the Telfer West Dome Open Pit confirm high grade near-mine underground opportunity'

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/x56qd0r

To which DD replied, a few days ago, "Wow, that is an excellent hole at West Dome."

He also, finally, after being pointed in the right direction by many, also posted how outstanding, in history, the copper results were from the recent Telfer WDU drill cores.

Slowly, slowly, he, and others, are now catching on as to how amazing this company is, and exactly what we have.

It just needs a bit more patience, before a massive re-rate, IMHO.

DYOR & GLA!