Member Info for TimberTrader

Another very positive piece by Charles Archer, as I'd expect.

He does comment, "My only additional comment is that Shaun should be taking advantage of the company’s ownership of one of the best tungsten deposits in the world.".

I'm sure that he is, and we're already scheduled to complete a diamond hole testing extensions to O’Callaghans later this month. It's also entirely possible that there's been some further connection with the likes of the US.

Earlier this year Shaun Day stated, "We have Australia's largest, and highest grade, Tungsten deposit....Clearly the world wants to diversify away from

China exposure, so I think the option value of that Tungsten deposit is now really significant...I think there's some great opportunity with O'Callaghans...I've reached out to the US Government about what they'd like to do".

There have also, allegedly, been meetings in Washington recently, with several Australian mining companies, with officials from various agencies in the Trump administration, looking for ways to take equity-like stakes in companies. This has been advanced with the recent visit of Anthony Albanese. I'm not saying that we've been involved in any way, but, having dealt with government agencies in the past myself, over potential projects, I know that this type of activity is kept very confidential.

"Greatland is honoured to be a finalist in the 2025 @amec_org Awards for Aboriginal and Torres Strait Islander Empowerment, recognising our partnership with the Martu People and our work supporting Indigenous business growth on Country."

https://x.com/Greatland_GGP/status/1985166846379823151

Very interesting piece, and, as I've said before, I like the business plan here, the new positive acquisitions, and, vitally important too, the management style and clear, accurate, shareholder connection.

Thanks! Here's the link:

https://www.share-talk.com/the-small-cap-rebuild-six-uk-listed-companies-turning-strategy-into-execution/

I can't be sure of the figures, but we appear to be the 47th largest gold mining company in the world by Market Cap. Some would say, including me, that we should be higher already, but certainly will be in future anyway, IMHO...

https://companiesmarketcap.com/eur/gold-mining/largest-gold-mining-companies-by-market-cap/

No, the opposite. They're underweight in the mining this sector, but, "...where we do have some exposure they are skewed to producing assets, as opposed to exploration."

That was the point I made when I said "I don't get the last sentence though. They've made that comment before in reports for some of their other funds. Do they really not understand that we're now producers?!"

A 'detractor' in a fund can also be used more broadly to refer to factors that hinder growth, so, not owning GGP hindered the growth. Maybe they also previously had a holding in GGP, but don't now (or didn't have in the report period).

Https://mb.cision.com/Main/22398/4258649/3756109.pdf

The latest report from 'BlackRock Throgmorton Trust' has just been released, and, unlike some other BlackRock funds, they don't hold Greatland Resources stock...

"....Turning to detractors, the largest came from not owning Greatland Resources , which performed well due to a combination of solid operational results and positive performance of the mining sector more broadly. A rally in the mining sector will always be a challenging backdrop for the portfolio given we are typically underweight this sector, and where we do have some exposure they are skewed to producing assets, as opposed to exploration."

I don't get the last sentence though. They've made that comment before in reports for some of their other funds. Do they really not understand that we're now producers?!

https://markets.ft.com/data/announce/detail?dockey=600-202510310421PR_NEWS_PRUKDSCL_0048-1

Indeed! At least it's stayed up, closing @ A$7.13, up 2.15%. So, £3.55, matching the AIM close yesterday.

As Bamps said...It was in the Resource Development & Exploration Activities Report last week.

Ernest Giles Project

Greatland’s 100% owned Ernest Giles project (Figure 24) is located in the Eastern Goldfields region of Western Australia, 250km northeast of Laverton.

Exploration work to date in 2025 is focused on the Meadows target area situated in the south-east end of the Ernest Giles Greenstone belt. Activities consisted of a ground-based, geophysical 3D induced polarisation (3DIP) survey with 2D MT transects, followed by targeted RC and planned DD drilling into the modelled higher priority IP/MT anomalies.

The geophysical surveys covered a 5km x 7.5km area, interpreted to be a northwest trending sequence of Archean greenstone rocks and proximal granitic and syenite intrusive domes all under >100m of cover. The survey consisted of nine offset PDIP arrays for a total of 22.3km of transmitter line, covering an area of 35km2, and 2 profiles of MT across key geological target areas.

The 3DIP survey results showed multiple IP chargeable anomalies potentially indicating mineralised sulphides at depth, including the Central East and Southern Area targets shown in Figure 25.

A total of 18 RC holes, including 14 RC pre-collars, were drilled across the four target areas for 5,018m. The program focused on two shallow areas (North and Central West), which were directly tested with the RC phase, and the two main anomalies (Central East and Southern Area), which will be tested by DD tails later this calendar year. The peak results were 1m @ 0.62% Cu from 172m in EGD010, and 1m @ 0.96g/t Au from 166m in EGD009 pre-collar.

https://app.sharelinktechnologies.com/announcement-preview/asx/8c32d17ff47162f34db951eeda8edfb5

(Page 24)

I just noticed on Morningstar, that since the end of September, Vanguard Investments Australia are now one of the largest GGP holders.

They currently have 8,690,982 GGP shares in their 'Vanguard Australian Shares Index ETF', with a value of A$64,747,816.

https://www.vanguard.com.au/personal/invest-with-us/etf?portId=8205&tab=holdings

They are one of the world’s largest investment management companies, with more than 50 million investors worldwide, and have around A$16 trillion assets under management.

It was termed, "Brown's Bottom". Not a pleasant thought!

One of the most regular is still here today I see.

They probably bought some of the 395 tonnes of the UK's gold reserves that Gordon Brown sold off at the bottom of the market between 1999 and 2002! ;-)

Correct

Couldn't resist a bit more Havieron 'porn', as a reminder, or for anyone new to Greatland...

https://inventum3d.com/c/greatlandgold/havieron

Greatland Resources: Q3 results. 80K oz at $1400 AISC. $115M cash build. $488M cash balance. Havieron DFS due in Q4 2025. Kicking butt. Taking names. 🧐

Check out Westgold and Vault Minerals Q3 results. Just as impressive. The Aussies are being ignored.

https://x.com/DonDurrett/status/1983273558165074395

Down to 83p now.

Just to add further on the cash build, and Havieron financing, I totally accept that we don't know for sure what will happen to the gold price going forwards, but, we're almost through 1/3rd of Q2 FY26, and the gold price (AUD) hasn't even dropped, at any point, to the HIGHEST level that it reached last quarter (Q1 FY26)!