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Greatland Resources posts record drilling and grades at Telfer

Motley Fool Australia

Greatland Resources hit record drilling metres and highest grades yet at Telfer in the December 2025 quarter, moving closer to extended mine life.

The Greatland Resources Ltd (ASX: GGP) share price is in focus today after releasing its December 2025 quarter report, highlighting a record 54,204 metres of drilling and highest ever grades from the West Dome Underground project....

https://www.fool.com.au/2026/01/22/greatland-resources-posts-record-drilling-and-grades-at-telfer/

Nice to see Argonaut agreeing with me in my post below...

"We expect GGP to deliver a beat in gold production with our 318koz forecast 3% above the upper end of the range. Higher copper prices and the stronger output should enable GGP to report AISC 5% below the bottom of its guidance range."

"Greatland Resources Limited reported strong progress across its December 2025 quarter exploration programme, drilling 54,204 metres at Telfer and lifting total metres drilled in the first half of FY26 to a record 106,766.

Results from the West Dome Underground project were particularly encouraging, including an outstanding intercept of 55.3 metres grading 7.4 g/t gold and 0.43% copper, the highest-grade result recorded at the project to date. The company is targeting a maiden Mineral Resource estimate for West Dome Underground in the March 2026 quarter.

Ongoing resource growth and conversion drilling at West Dome Open Pit and Main Dome Underground continue to improve geological confidence. More than 100,000 metres of new drilling will underpin the forthcoming Telfer Mineral Resource update.

Regional exploration also delivered positive results, highlighted by an intercept of 8 metres at 1.30 g/t gold at the Teague prospect, supporting the broader exploration upside across the Telfer tenure...."

https://www.share-talk.com/greatland-resources-strikes-highest-grade-gold-copper-hit-yet-at-telfer/

If you take a look at the falls in the gold miners on the ASX 200 today, Greatland is pretty much the SMALLEST. Most are down more in percentage terms to us, so, IMHO, I see it as a positive reaction to the results myself.

Nice one! Thanks TS!

Just waiting for the usual suspects to appear today, yet again!

The whole gold mining sector is down today! But what amazing drill results, especially from our new 'Mine within a Mine'!

Just look at the Argonaut Research note, kindly posted by snorkler!

Bring on the Telfer MRE & WDU Maiden MRE! TT

And, of course, Paddy, the massive investment made by Newmont into renovating/repairing much of the infrastructure at Telfer, when it was down during the Tailings Dam issue, which resulted in Telfer being in better condition than it had been for over 10 years.

It's interesting what Peter Lynch (whom, I believe, initially used the term 10-bagger") said about how to find them. I think we can all agree that we tick most, if not all of the boxes (we can argue the small cap/earlier stage bit, but with what's upcoming I see us as still earlier stage)!

How to find them (according to Lynch & others):

- Invest in what you know: Start with companies or products you understand from daily life.

- Look for strong fundamentals: Seek companies with strong earnings growth, a competitive "moat," and a large total addressable market (TAM).

- Focus on small-cap/early-stage companies: Larger companies have a harder time growing tenfold compared to smaller, earlier-stage firms.

- Patience and research: Identifying them requires deep financial research, not just hype, and holding them long-term through market fluctuations.

Don't forget the WDU Maiden MRE.

Funnily enough my brother asked me about my GGP shareholding last night and we worked out that from my very first purchase in 2018 the sp is up around 4,800%. I've subsequently, but not recently, top sliced and bought very heavily, whenever I could, when the sp dropped below the old 7p. That's why it's my biggest holding by far, and I bore you all most days too!

Indeed Element! As I mentioned yesterday, you can see the clear movement pattern over the past couple of days where we open at around the ASX close, and are then 'dragged' down, but subsequently ending the day back around the ASX close sp again.

Iron ore billionaire make $680m on-paper profit as gold price soars to record high

The Australian

Andrew Forrest’s family company has scored a $680m paper profit after exercising an option to buy into a gold miner and the Fortescue founder has taken a swipe at the US President.

Andrew Forrest has more than doubled his stake in gold miner Greatland Resources in a move which delivers a massive windfall for his family-owned mining company and coincides with prices for the precious metal breaking records....

https://www.theaustralian.com.au/business/mining-energy/iron-ore-billionaire-make-680m-onpaper-profit-as-gold-price-soars-to-record-high/news-story/319aef7f92bddee3375293be9084034f?amp&nk=84d29d836e13af61c54549ba7970808c-1768985750

Https://data-api.marketindex.com.au/api/v1/announcements/XASX:GGP:6A1307866/pdf/inline/ceasing-to-be-a-substantial-holder

Https://data-api.marketindex.com.au/api/v1/announcements/XASX:GGP:6A1307820/pdf/inline/change-in-substantial-holding

https://data-api.marketindex.com.au/api/v1/announcements/XASX:GGP:6A1307820/pdf/inline/change-in-substantial-holding

Andrew Forrest’s private mining vehicle Wyloo Metals has spent $200 million building its position in ASX-listed Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP), lifting its holding to more than 18%.

Greatland operates the Telfer gold and copper mine in Western Australia and is developing the nearby Havieron deposit.

Wyloo acquired the shares from Newmont, the world’s largest gold miner and Greatland’s previous Telfer owner, as the US group moves to exit the asset.

Wyloo’s early backing of Greatland has delivered a sharp revaluation, with its stake now valued at about $1.6 billion. On that basis, Wyloo is sitting on paper gains of more than $1 billion.

The Greatland uplift has helped offset the hit from Wyloo’s $760 million takeover of nickel producer Mincor in 2023, with Mincor’s Western Australian nickel mines now mothballed amid softer market conditions.

https://www.proactiveinvestors.com/companies/news/1085969/wyloo-lifts-stake-in-greatland-resources-1085969.html

That's 77% higher than the gold price of just A$4,100/oz when we officially took over Telfer & Havieron, etc. from Newmont on the 4th December 2024, and around 90% higher than the price (A$3,800) when we signed the agreement on the 10th September 2024, when Charles Archer described it as a f*****g steal! Sure, we negotiated for some time before that, but hey!

New Oz Dollar Gold price hit as I post, A$7,253/oz....

https://www.tradingview.com/chart/?symbol=OANDA%3AXAUAUD

GGP ASX Close UP 5.93% @ A$13.57 (£6.81); 9th Highest Riser on ASX 200

That's UP another 3.35% on yesterdays close on AIM (£6.589)

Indeed, and, as I mentioned a couple of weeks ago, that, unlike the September Quarter Preliminary Production Update, where it was reiterated that the "FY26 guidance remains 260,000 – 310,000 oz Au at an AISC of $2,400 - $2,800/oz Au;", there was no such reiteration this time, in the December Quarter Preliminary Production Update. With the excellent production figures of 86,273 oz Au and 3,528 t Cu for the December Quarter, I suspect that we'll get an increase in the FY26 production guidance figures on the 28th January. Maybe also a reduction in the AISC guidance too.

Kate Leaman, an analyst at AvaTrade, said: “We’re not in panic territory, but it’s worth watching defence companies and gold miners.

Just a bit behind the curve there Kate!