Greatland Gold has undergone a significant transformation with its expansion of the Havieron gold-copper project, marking a pivotal period for the company. Shaun Day, the managing director of Greatland Gold, characterized the first half of the 2024–25 financial year as a time of substantial progress. The company’s focus has been on advancing the Havieron project in Western Australia, following the acquisition of Newmont’s Telfer gold-copper mine and majority stake in Havieron.

Key developments include the publication of an independently reviewed ‘base case’ plan for Havieron, outlining a substantial mining inventory, mining rate, and mineral resource estimate. The projected production includes significant amounts of gold and copper over the initial 15 years of operation, with a mine life extending to June 2046. Notably, ore production is expected to commence in the latter half of 2026, with the first gold targeted for the second half of 2027.

The feasibility study for Havieron is progressing well, with completion scheduled for the latter part of 2025. Day emphasized that the project’s feasibility study has been significantly de-risked due to Greatland’s ownership of the nearby Telfer infrastructure. This strategic advantage, combined with the current high Australian dollar gold price and other favorable factors, positions Greatland for near-term cash flow and medium-term growth opportunities.

In addition to Havieron and Telfer, Greatland expanded its exploration reach by acquiring Newmont’s remaining interests in the Paterson region of Western Australia. This move has expanded the company’s exploration tenure to approximately 3800km², reinforcing its commitment to establishing a premier mining and processing center in the emerging Paterson Range province.

Looking ahead, Greatland is on track to secure an ASX cross-listing by the second quarter of 2025. This listing is expected to enhance the company’s capital market profile, increase institutional ownership, and improve index participation, further solidifying its position as a key player in the Australian gold-copper sector.

As of the end of the first half of the financial year, Greatland closed with a strong financial position, boasting substantial cash reserves and net assets. The company reported significant revenue and net profit after tax, underlining its financial stability and growth trajectory.

The ongoing development of the Havieron project, coupled with Greatland’s strategic acquisitions and exploration activities, sets a promising course for the company’s future. With a clear focus on operational excellence and growth, Greatland Gold is poised to make a lasting impact in the gold-copper mining landscape, both in Australia and beyond.