Greatland Gold has made significant strides in its expansion efforts through the acquisition of the Havieron gold-copper project. Shaun Day, the managing director, emphasized the transformative nature of the first half of the 2024–25 financial year for the company. The acquisition of Newmont’s Telfer gold-copper mine and a 70% stake in Havieron has propelled Greatland’s development plans.

The company revealed a comprehensive ‘base case’ development and mine plan for Havieron, showcasing impressive figures such as a 51 million tonne mining inventory, a 2.8Mt per annum mining rate, and a mineral resource estimate of 8.4 million ounces of gold equivalent. The project anticipates producing an average of 221,000 ounces of gold and 8000 tonnes of copper annually for the first 15 years, with a projected mine life extending to June 2046. Initial ore production is expected in the second half of 2026, while the first gold pour is targeted for the second half of 2027.

The feasibility study for Havieron is progressing well, with completion slated for the latter part of 2025. Day highlighted the reduced risks associated with the feasibility study due to Greatland’s ownership of the nearby Telfer infrastructure. The company’s ownership of a processing plant, ranked as the third largest gold-copper processing plant in Australia, further underscores the strategic advantage presented by Havieron and the broader exploration portfolio.

In addition to Havieron and Telfer, Greatland expanded its exploration tenure in the Paterson region of Western Australia, encompassing approximately 3800km². The company aims to unlock additional potential in the region to establish a leading mining and processing hub within the Paterson Range province.

Greatland is on track to secure an ASX cross-listing by the second quarter of 2025. Day highlighted the benefits of this move, including enhanced capital market visibility, increased institutional ownership, and broader index participation. Financially, Greatland closed the first half of the financial year with a robust cash position and strong net assets, signaling a solid foundation for future growth.

The acquisition of the Havieron project marks a significant milestone for Greatland Gold, positioning the company as a key player in the Australian gold-copper sector. With a strategic focus on operational excellence and growth opportunities, Greatland is poised for further success in the mining industry.