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Greatland close @ A$ 11.51 (£6.10), down 0.26%...

Possibly a FOMO indicator of what's happening/coming in the next couple of weeks?

REGIS -8.33%

NORTHERN STAR - 5.38%

GENESIS -4.31%

NEWMONT -4.17%

RESOLUTE -3.93%

EVOLUTION -3.04%

EMERALD -2.93%

GREATLAND -0.26%

Ben Richards 4th March 2025

https://equitymates.com/episode/buy-or-sell-ben-richards-wisetech-guzman-y-gomez-catapult-antipa-minerals-and-more/

"Telfer has come to the end of it's life..... Put this in your diary - In the next 6-12 months we think Greatland needs to acquire Antipa to ensure it's long term mine life..."

Wrong!

Shaun Day on 'X':

Coverage that Greatland will be added to the GDX index as part of its March rebalance.

This complements last week's announcement that GGP.AX will ascend to the S&P/ASX100 from Monday 23 March 2026.

Great to recognise and celebrate the outcomes with the GGP team.

https://x.com/shaun_day_/status/2033070696029630973

https://pbs.twimg.com/media/HDbocS-aMAEGLgd?format=jpg&name=small

IMHO, it's pretty much the same, poorly researched, and/or 'one sided' information, that we've had from them before about Antipa/Greatland.

It's likely this year, as Shaun Day indicated back in December...

"So it's a real focus for us. Actually this was fully drilled out by Newcrest, I think there was a 2012/2014 prefeasibility study done, but virtually done to feasibility study standards. Newcrest once upon a time had O’Callaghan's in their reserve. So not just resource but all the way into reserve. So we are going to be looking at potentially reintroducing that. I can't say whether it will fit into this March quarter because, to be honest, we are focused mainly on the gold. but we would like to do it, and it's certainly on the radar, and we are thinking, you know, in terms of the question of value and how we would monetize it. We're very much thinking about the best way to do that. That may not necessarily be Greatland owning a tungsten division, but we'd certainly like to create value for shareholders and that will be a bit of a focus for us, as to how to solve that puzzle and, you know, create value around this event, which I think there's an array of corporate solutions for, and I think people should be confident that we'll unpack them during the course of the next

calendar year (2026)."

Paul Wiggers de Vries from RBC Capital maintained a Hold rating on Greatland Resources on the 12th March, with a Price Target of A$14.80 (£ 7.87).

PS I've now sent an email to Sprott for clarification, and will share any reply. However, please feel free to comment if you can add anything anyway.

Thanks Corradus! I noticed that too in my research, but it appears, as you state, we've been included in that index since December, in addition to the Gold Junior's, I believe. As you state, somewhat confusing, hence my post. Anyway, maybe someone else is able to advise further? TT

As I've alluded to a couple of times over the past month or so, it seemed likely that we would leave the Sprott Junior Gold Miners ETF, due to our market cap now being too high.

The Sprott Junior Gold Miners ETF tracks the 'Solactive Junior Gold Miners Custom Factors Index'. However, the maximum Market Cap for existing index constituents in that ETF must not be more than US$ 4 Billion, according to their latest rule changes on the 22nd December. We've clearly been above that for some time now.

https://www.solactive.com/index/DE000SLA6V28/

https://sprottetfs.com/sgdj-sprott-junior-gold-miners-etf/

Their next rebalance is due on the 23rd March, and the new list of constituent companies, released yesterday, no longer includes Greatland Resources:

https://www.solactive.com/announcements/59944

I can't yet see if/when we'll be joining the Sprott Gold Miners ETF (SGDM), which tracks the Solactive Gold Miners Custom Factors Total Return Index.

What's confusing, to me anyway, is that the rebalance of the Solactive Gold Miners Custom Factors Total Return Index doesn't include Greatland Resources :

https://www.solactive.com/announcements/59675

The new composition of that index was announced on the 9th March, four days before the 'Junior' index. but both are effective on the 23rd March.

I don't know if that's relevant or not?

Does anyone else have a view, especially those that are more knowledgeable about the indexes/tracking?

Indeed Irish! And it was our old 'friend' (maybe not) Macquarie!

Oh dear, another part time economist who missed Paddy's point completely, but no surprise with the nonsense Punter's been posting this week!

Yes, a stronger USD typically puts downward pressure on gold priced in USD, it often also causes the AUD to weaken against the USD. This exchange rate variation, combined with a relatively stable or only slightly lower gold price, means that it takes more Australian dollars to purchase an ounce of gold, thus pushing the AUD gold price higher.

Yup, still not far off about A$ 1,000/oz ABOVE the price we achieved for our sales in Q2 FY26, 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, debt free.

Copper also at a record high. Currently, the average copper price this quarter is around A$ 18,200/t, which is almost 18% above the average price in Q2 FY26, which should help offset energy prices in the AISC.

Personally I'm not getting overexcited about the GDX inclusion. Naturally I'm hoping for a push north on the GGP sp, but we've been disappointed before, when, in the likes of rebalances, buying has already happened in the background, or at a completely different time to what many people expected.

I'm more interested in the upcoming Telfer MRE & Telfer WDU maiden MRE, which, at least, we have control of.

Maybe another reason why many of us believed that Shaun Day was 100% correct to have NOT increased our Telfer production guidance in the last December 2025 Greatland Quarterly Results, although he probably could have!

"Under-promise and over-deliver" (Hopefully!)

Https://www.nsrltd.com/media/ytbazyxv/operational-update-13-03-2026.pdf

Alternative Link:

https://x.com/WesTrac_Cat/status/2032282606234989047

Some more heavy equipment porn.....

https://www.linkedin.com/posts/westrac_greatlands-first-cat-6060-hydraulic-mining-activity-7438046125732904960-hein

Last weekend I was researching what happened to Gold prices and miners during both the Iraq War & Gulf War, as a reference as to what may happen during the current conflict, but have only just come across this piece by 'Discovery Alert'. Apologies if someone has posted it before, but it gives some food for thought, and covers aspects pretty well I believe....

https://discoveryalert.com.au/gold-safe-haven-during-us-iran-conflict-2026/

Is that the same gold price which is still just about A$ 1,000/oz ABOVE the price we achieved for our sales in Q2 FY26, 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, debt free?

Luckily we have around 10% of our revenue coming from copper, as a by-product credit for AISC, and it's at record prices. Currently, the average Cu price this quarter is around A$ 18,200/t, which is almost 18% above the average price in Q2 FY26.