Member Info for TimberTrader

Bamps, IMHO, it's a complete & utter farce, and reading many of the comments on the BB's many investors (I was some time ago, but no longer) feel the same.

A quiet day, so a nice little reminder...

https://www.brrmedia.co.uk/broadcasts/5bf285a555433b0e0cf6a0d3/greatland-gold-results-from-first-drill-hole-at-havieron/

"The market doesn't understand".....WDU anyone!

DYOR

UPSIDE: The main upside beyond what we’ve modelled are the West Dome underground, and Havieron inferred resources outside the DFS mine inventory. As noted above, we think West Dome could add 10-15 years of UG feed at attractive grades of >2.0g/t (note we model a conservative 1.8g/t from Telfer UG for now even though the Main Dome UG resource is 7.9Mt at 2.6g/t). The other upside, as highlighted by Greatland, is to incorporate more of the inferred resource. This could add 3,125oz/vertical metre (or up to ~156koz per 50m sublevel) in upper levels and 2,286oz/vm (114koz/sublevel).

The WDU is what excites me most, especially after what I've heard from Shaun, Bamps, Paddy, Element, and others., and which I called the 'new mine within a mine' many months ago. I appreciate it's still early days, but it's looking outstanding. Any drill assays, from an explorer, anywhere near to what we've had so far, would have no doubt have boosted their sp signifcantly. Because it's growth drilling it clearly isn't regarded in the same way by the markets, even when it's already within Telfer! I'm really looking forward to the WDU maiden MRE in the March Quarter 26, probably March, but it could be before, as that will hopefully make the market sit up!

Our key takeaway from this week’s Havieron DFS is it lays out a compelling pathway to 400-500koz from

combined Havieron and Telfer in the next 5-7 years. This assumes they extend Telfer Mine life to maintain

both 10Mtpa processing trains, likely with one 10Mtpa train processing open pit material, and the second

10Mtpa train processing Havieron ore (steady state 3.9Mtpa) plus 1-2Mtpa of higher-grade Telfer Main

Dome UG (currently producing) and West Dome UG (currently drilling with two exploration declines).

The DFS incorporates a second decline, an underground crusher, and a conveyor for ore haulage,

representing a material scale-up to 3.9Mtpa from two declines with an UG crusher and surface conveyor,

compared with the PFS design of 2.8Mtpa from a single decline. We think the conveyor is an elegant

solution for enabling more tonnes without exceeding ventilation capacity. The keys to execution will be

development rates, given the size of the underground, and managing stope turnaround times (~100kt per

stope with 50m level spacing using sublevel open stoping). For the pathway to 400–500kozpa, we view

Telfer life-extension requirements as manageable; the key focus is on ramp and level-development rates

at Havieron....

....Why we like Greatland

1. Strong cash flow from Telfer (~A$175m/qtr run rate last 2 quarters)

2. Telfer mine life extension potential beyond FY32

3. Havieron 3.3Moz @ 2.6g/t Au high-grade reserve lifts to 9Moz SCPe on infill and roots

4. Potential for 400-500kozpa with Telfer life extension and Havieron 3.9Mtpa steady state

5. Management track record at Northern Star / Fortescue streamlines execution and brings

expertise in scaling operations

Catalysts

• CY 2025-27: Telfer extension opportunities assessment

• MQ26: Telfer MRE update in MQ26

• JQ26: Telfer Ore Reserve Estimate update

• 2026: SCPe Preliminary environmental approvals (evaporation pond), FID, decline development

resumption

https://bpd-space.nyc3.cdn.digitaloceanspaces.com/scp/251208-ggp-scp-fs.pdf

HaHa! Thanks Paddy! I wonder if Callum will see your post?

Greatland Resources is on the London Stock Exchange SETS system as of today.

https://www.londonstockexchange.com/equities-trading/asset-classes/shares-trading/sets

"The week's changes in earnings forecasts remained relatively benign, both in positive and negative terms.

The positive side sees GPT Group on top of the table (up 8.52%), followed by Greatland Resources (up 7.95%) and AUB Group (up 4.86%) plus seven smaller adjustments.

GPT Group's top position is thanks to Morgans re-initiating coverage this week. The broker highlights the group's shift toward a co-investment-led funds management model, with plans to grow assets under management to more than $85bn from $37bn and deliver 5-7% annual earnings growth.

Management aims to use its $12bn balance sheet portfolio to seed new funds, creating a more capital-light structure that may support a higher valuation multiple over time, the report suggested.

Greatland Resources updated on its Havieron feasibility study with lower expansion capex and a 36% increase in gold reserves."

https://fnarena.com/index.php/2025/12/08/weekly-ratings-targets-forecast-changes-05-12-25/

Https://www.cavendishvenues.co.uk/venues/22-duchess-mews

'Pi's confusing A$ with GBP ?' LMAO! That has to be one, if not the best weekend de-ramps I've seen on here for years!

Are they now moving from a Friday to the weekend for their mind games?

Who knows, but, as the old RAF saying goes, 'You know your over the target when the flak is heaviest'

GLA! It's going to be an interesting week to come!

IMHO, it's good to see us, increasingly, being described as a "Gold & Copper Miner" in the media. Maybe we can also add Tungsten, or more generally, "Gold & Critical Mineral Miner" before too long? The Tungsten probably not directly though, but maybe more as a J/V? Interesting times.

The ASX 200 materials sector led the market last week with a 3.04% increase, driven by strong performances from major mining stocks like BHP, Fortescue, and Rio Tinto, leveraging higher iron ore and copper prices.

BHP, Fortescue, and Rio Tinto reached new 52-week highs, as did the market's largest pure-play copper share, Sandfire Resources, with both iron ore and copper price surges significantly boosting the miners' value.

Despite a strong overall commodity market, the gold sector showed mixed results, with Northern Star Resources falling, while Evolution Mining gained slightly and Greatland Resources surged alongside other strong-performing commodities like copper....

...The gold price moved sideways last week and remains high at about US$4,200 per ounce.

That's not far off its historical peak of US$4,381.58 per ounce reached in October.

A Goldman Sachs poll found almost 70% of institutional investors expect the gold price to keep rising in 2026.

Last week, the market's largest ASX 200 gold share, Northern Star Resources Ltd (ASX: NST), fell 3.06% to $26.33.

The Evolution Mining Ltd (ASX: EVN) share price lifted 1.01% to $12.

Newmont Corporation CDI (ASX: NEM) shares fell 0.9% to $138.20.

Gold and copper miner, Greatland Resources Ltd (ASX: GGP) streaked 11% higher to $8.38 per share.

https://www.fool.com.au/2025/12/07/asx-200-mining-shares-outperform-as-iron-ore-and-copper-prices-strengthen-week-49-2025/

Https://www.linkedin.com/posts/association-of-mining-and-exploration-companies-amec-_amecawards-celebratingindustryexcellence-activity-7402704567756599296-rKlK

Pj, FYI, I dropped Donald a general question last week on O'Callaghan's for the TH webinar. TT

"Congratulations to the Greatland team as recipients of the 2025 AMEC Aboriginal & Torres Strait Islander Empowerment Award for our Martu Business Development Program.

Tremendous job by the team." Shaun Day

https://x.com/shaun_day_/status/1996939366871314615

https://pbs.twimg.com/media/G7aNwEjb0AEDkru?format=jpg&name=large

https://pbs.twimg.com/media/G7aNwEkb0AY9HWC?format=jpg&name=large

No RNS on AIM yet, so for those who may be interested..

Greatland Resources Limited (Greatland or Company) (ASX:GGP, AIM:GGP) announces the resignation

of Ms Joanne McDonald as Company Secretary with effect from today.

Mr Ben Secrett will be appointed to the role of Company Secretary effective 2 March 2026. Mr Secrett is

an experienced governance professional with a background in corporate law and governance, corporate

advisory, company secretarial and regulatory compliance.

For the interim period, Mr Matthew Kwan, Greatland’s General Counsel, has been appointed Company

Secretary with immediate effect, and will be the representative responsible under ASX Listing Rule 12.6

for communication with the ASX in relation to listing rule matters.

The Board and Company would like to thank Ms McDonald for her invaluable contribution during the

Company’s restructure and listing on the ASX and wishes her well in her future endeavours.

https://www.marketindex.com.au/asx/ggp/announcements/resignation-and-appointment-of-company-secretary-6A1301800

GOLD DRILLING

Greatland Resources (ASX/LSE: GGP)

The West Dome Underground project at its Telfer operation in WA continued to show potential to become a second underground mine. The company reported wide, high-grade results from the Western Stockwork Corridor, adjacent to the existing high-grade Western Limb and Eastern Limb, including 56.6m at 2.24g/t gold and 1.26% copper from 337m; 82.2m at 1.9g/t gold and 0.31% copper from 360.7m; 66.5m at 1.18g/t gold and 0.16% copper from 334m; 24m at 1.18g/t gold and 0.1% copper from 309m; and 22.5m at 1.43g/t gold and 0.01% copper from 396m.

GOLD HEADLINES

Greatland releases Havieron study

Greatland Resources (ASX: GGP) released the feasibility study for the Havieron project in WA, along with an updated resource of 3.3Moz of gold and 128,000t of copper. Processing ore through the Telfer mine, Havieron is expected to produce 266,000oz of gold and 9600t of copper per year, generating pre-tax cashflow of A$739 million per annum, or nearly A$1.2 billion at spot prices. The capital cost of A$1.065 billion is expected to be fully funded from existing cash of A$750 million, ongoing Telfer cashflow and a A$500 million debt commitment from a lending syndicate.

https://miningnetwork.co.uk/5th-december-2025-australasia-newsletter/

Big bloke in red suit arrives early for investors

Santa is arriving early for investors exposed to resources as the gold boom overflows into other commodities, driving a widespread share-price rally.

Resources Rising Stars

Boutique advisory firm Wilsons told clients yesterday that a three-year downturn was ending as positive momentum returned to the mining sector “underpinning what could be the early stage of a significant resources upgrade cycle”.

A hint of what that means has been evident on the Australian stock exchange over the past four weeks with the broad-based metals index up 5.5%, easily outstripping the all ordinaries which is down 2.3%.

The mining revival can also be measured through a 9% increase in the copper price over the last four weeks, a rise slightly better than gold, which is up 6%...

https://resourcesrisingstars.com.au/big-bloke-in-red-suit-arrives-early-for-investors/

"Today we mark one year of Greatland’s ownership of Telfer. Strong results, a completed Havieron Feasibility Study, and our team’s dedication set the foundation for continued growth and operational excellence."

https://x.com/Greatland_GGP/status/1996495333266973036

https://pbs.twimg.com/media/G7T56YZaoAAGTNc?format=png&name=900x900

https://pbs.twimg.com/media/G7T56YfbAAATFco?format=jpg&name=medium

https://x.com/Greatland_GGP/status/1996495333266973036/photo/3

https://pbs.twimg.com/media/G7T56YabkAEMHkS?format=jpg&name=medium

Yes, when the deal was agreed in September 2024, when Charles Archer made the comment below, the gold price in Oz Dollars was only around A$3,750/oz. The price today is around A$6,350/oz, so up just under 70%. Also, it hasn't dropped below A$3,750/oz at any time between either.

"the key point is that you can value 70% of havieron and all of telfer using half a dozen different methods, and greatland has acquired the assets for tens of millions of dollars less than the lowest possible valuation, provided by samuel grant.

it’s a ******* steal."

charles archer 12th september 2024