Greatland Gold has made significant strides in the development of the Havieron gold-copper project in Western Australia, marking a transformative period in the first half of the 2024–25 financial year. The company, under the leadership of managing director Shaun Day, finalized the acquisition of Newmont’s Telfer gold-copper mine and a 70% stake in Havieron. This strategic move was coupled with the publication of a ‘base case’ development and mine plan for Havieron, outlining key details such as a substantial mining inventory, mining rate, and mineral resource estimate.

The projected production from Havieron includes an impressive amount of gold and copper over the initial 15 years of operation, with a life-of-mine plan extending to June 2046. The timeline for ore production and gold extraction has been carefully mapped out, with the first gold expected to be targeted in the latter half of 2027. The company has been proactive in advancing the feasibility study for Havieron, aiming for completion by the second half of 2025.

Day emphasized the reduced risk in the feasibility study development due to Greatland’s ownership of the nearby Telfer infrastructure. This strategic advantage, combined with a high Australian dollar gold price and other operational factors, positions Greatland for near-term cash flow and medium-term growth opportunities. The company’s ownership of a significant processing plant further solidifies its position in the industry, with plans for an ASX cross-listing by the June 2025 quarter.

In addition to the developments at Havieron and Telfer, Greatland expanded its exploration tenure in the Paterson region of WA, enhancing its exploration portfolio to around 3800km². The company’s vision extends beyond individual projects, aiming to establish a world-class mining and processing hub in the Paterson Range province. With a robust financial standing, including a substantial cash position and impressive net assets, Greatland closed the first half of the financial year on a strong note.

Looking ahead, Greatland is poised to leverage its growing profile and institutional ownership through the ASX listing, a move that is expected to enhance its capital market presence. The company’s commitment to exploration and strategic acquisitions underscores its ambition to unlock future potential and drive long-term value creation. Greatland Gold’s progress at the Havieron gold-copper project signifies a significant step towards establishing itself as a key player in the Australian gold-copper production landscape.