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Https://thebull.com.au/news/greatland-resources-shares-start-april-strong-back-in-positive-territory-ytd/

I believe so pj, of all of the GGP brokers, so far anyway...

Greatland Resources (GGP)

Retained at buy at Ord Minnett; Price Target: A$19.00 (£9.91) from A$18.50

The news: The Australian sharemarket delivered its best session since last April after growing optimism for a resolution to the war in the Middle East drive a broad rally.

The benchmark ASX 200 index ended 2.2% higher at 8,671.8. Ten of the 11 sectoral indices finished in positive territory, with materials (+4.9%) and technology (+3.5%) making the biggest gains.

Biggest movers:

Greatland Resources (+14.9%) — Led a rally among miners, with gold producers Pantoro Gold and Predictive Discovery also jumping more than 10%.

Pexa Group (-14.7%) — Downgraded by UBS to ‘neutral’ after the Independent Pricing and Regulatory Tribunal proposed to regulate fees.

https://www.capitalbrief.com/briefing/asx-ends-2-higher-as-war-optimism-spurs-biggest-one-day-rally-for-a-year-23ee5604-4b22-4ad6-840f-bb0c5157a28c/

Https://mining.com.au/out-of-ore-australia-officially-runs-out-of-rocks-to-sell-overseas/

Date today?

ASX 100 - HIGHEST RISER

ASX 200 - HIGHEST RISER

ASX 300 - 2ND HIGHEST RISER

ASX ALL ORDINARIES - 2ND HIGHEST RISER

1 Week +38.76%

1 Month -5.65%

2026 YTD +24.21%

1 Year +97.42%

GGP UP 14.9% on ASX @ A$13.03 (£6.80) Highest Riser on ASX 100 & ASX 200

UP 15% on AIM close yesterday (£5.914)

Here is where we are as we end Q3 FY26 today.....

We achieved an average gold price of A$5,014/oz in Q4 FY25 (1st April - 30th June 2025) which generated net revenue of A$487 million (including Copper) and an operating cash flow of A$310 million for the quarter, delivering a closing cash balance of A$575 million (from A$398 million at 31st March 2025), debt free.

We achieved an average gold price of A$5,277/oz in Q1 FY26 (1st July - 30th September 2025) which generated net revenue of A$476 million (including Copper) and an operating cash flow of A$284 million for the quarter, delivering a closing cash balance of A$750 million (from A$575 million at 30 June 2025), debt free.

We achieved an average gold price of A$6,301/oz in Q2 FY26 (1st October - 31st December 2025) which generated net revenue of A$507 million (including Copper) and an operating cash flow of A$406 million for the quarter, delivering a closing cash balance of A$948 million (from A$750 million at 30 September 2025), debt free.

The Gold price, throughout Q3 FY26, has only dropped below the above A$6,301/oz on TWO days (23rd/24th March). Since then we've been higher on every day so far this quarter.

The AVERAGE gold price in Q3 FY26 is A$6,984/oz, so nearly A$700/oz ABOVE the average price that we achieved in our sales last quarter (Q2 FY26)

And don't forget the COPPER:

Where we are on COPPER:

Q4 FY25 - 3,729t PRODUCED WITH SALES OF 3,740t @ A$ 12,718/t = A$ 47,565,320 (9.77% OF REVENUE)

Q1 FY26 - 3,366t PRODUCED WITH SALES OF 3,277t @ A$ 12,552/t = A$ 41,132,904 (8.64% OF REVENUE)

Q2 FY26 - 3,528t PRODUCED WITH SALES OF 3,301t @ A$ 14,652/t = A$ 48,366,252 (9.54% OF REVENUE)

Q3 FY26 - The AVERAGE COPPER price this quarter is UP around 15% compared with last quarter (Q2 FY26).

The AISC figure is the unknown, and may well have been affected, late in the quarter, by the fuel increases, but the increase in the COPPER price should offset/or partially offset much of that.

Many thanks Bamps! As you indicate, a lot more drilling to come too, "Record FY26 drilling program continues with >100,000 metres of further drilling planned for H2 FY26 and a substantial drilling program expected for FY27"

Canaccord Increase GGP Price Target From A$14 to $15.45 (£8.02)

"We continue to view West Dome Underground as a potentially rapid, low-capex pathway to a second high-grade underground mine at Telfer, with the opportunity to leverage existing infrastructure that historically has supported mining rates greater than 5Mtpa."

"We note we do not currently model any production from West Dome Underground, but highlight the rapidly evolving prospectivity of the area. With a second development drive underway, existing latent infrastructure to leverage, as well as GGP's commitment to a prefeasibility study, we see West Dome Underground as an exciting growth opportunity for GGP, which could in the medium term bolster the production profile at Telfer."

https://www.fool.com.au/2026/03/31/after-a-major-resource-upgrade-how-undervalued-are-greatland-shares-looking/

GGP UP 4.61% @ A$11.34 (£5.88) Fourth Highest Riser on ASX 100

UP 4.25% on AIM close yesterday (£5.64)

RBC Capital upgraded Greatland Resources (GGP) to Outperform from Sector Perform with a price target of A$15.60, up from A$14.80.

The firm is citing three catalysts in its rating change – increased resources, improved near-term production visibility, and optionality around O’Callaghans, the analyst tells investors in a research note. Costs and capex risks remain around bringing additional underground mines into production, but these are manageable given existing infrastructure, RBC added.

I liked the analogy that the WDU was "Like finding a brand new treasure filled chamber in a pyramid you thought you'd already fully explored".

NotebookLM Summary of the Greatland Resources (GGP) December 2025 Group Mineral Resource Statement released 30th March 2026

https://www.youtube.com/watch?v=0sKSa4ZAbX8

I've posted a lot of research on O'Callaghan's on here over the past year or so, as well as about the various visits to the US by some of the Australian companies involved in rare earth/critical metal/mineral miners for potential J/V's.

Fir anyone interested, this is a piece on O'Callaghan's written in 2012, which give a bit of history, but still very relevant if you replace the old, with the current prices....

https://www.intelligentinvestor.com.au/investment-news/newcrests-hidden-gem/66121

Might stir up the US market later on today.

Greatland Resources has delivered a major upgrade to its Telfer gold-copper project in Western Australia, with the mineral resource growing 150% to 8.0 million ounces, adding 4.8 million ounces.

The update, based on around 134,000 metres of drilling completed during 2025, also saw the higher-confidence Measured and Indicated category surge 163% to 3.8 million ounces, a critical milestone as Greatland targets an updated Ore Reserve Estimate in the June 2026 quarter.

Much of the attention has been on Greatland’s Havieron project, but today’s resource upgrade puts Telfer on par with Havieron in terms of resource.

Combined with the unchanged Havieron resource, Greatland’s total gold-copper resource base now stands at 14.9 million ounces of gold and 645,000 tonnes of copper.

The West Dome Open Pit drove much of the growth, adding 2.8 million ounces to reach 4.9 million ounces, while the Main Dome Underground more than tripled to 2.2 million ounces.

A maiden resource of 0.6 million ounces was also declared for the West Dome Underground at an average grade of 2.30g/t, roughly three times the open-pit grade, highlighting the upside of greater underground utilisation.

https://ukinvestormagazine.co.uk/greatland-gold-more-than-doubles-telfer-resource-to-8-million-ounces/

Greatland Resources (my crush 🥰) reported a large increase in resources at Telfer. It now has 8M oz, plus another 7M oz at Havieron. Plus, 645Kt of copper at both sites.

If that doesn't get you excited, they have $650M in cash and no debt. Plus, their current annual FCF run-rate is at $650M. They won't have to borrow a penny to build Havieron.

https://x.com/DonDurrett/status/2038511502660190455