Greatland Gold has made significant strides in the gold-copper production sector, particularly through its Havieron project in Western Australia. Managing director Shaun Day highlighted the first half of the 2024–25 fiscal year as a transformative period for the company. During this time, Greatland finalized the acquisition of Newmont’s Telfer gold-copper mine and a 70% stake in the Havieron project. The company also unveiled a ‘base case’ development and mine plan for Havieron, which includes a substantial mining inventory, mineral resource estimates, and production projections for gold and copper over the next few years.

The progress at Havieron has been notable, with the feasibility study nearing completion by the second half of 2025. Day emphasized that the project’s development has been significantly de-risked due to Greatland’s ownership of the Telfer infrastructure. This strategic positioning, coupled with a favorable gold price environment, sets the stage for strong near-term cash flow and medium-term growth opportunities for the company.

In addition to the advancements at Havieron, Greatland expanded its exploration footprint in Western Australia by acquiring Newmont’s interests in the Paterson region, increasing its exploration tenure to approximately 3800km². The company’s overarching goal is to establish a top-tier mining and processing hub in the emerging Paterson Range province, further solidifying its position in the region.

Looking ahead, Greatland is poised to secure an ASX cross-listing by the June 2025 quarter. This move is expected to enhance the company’s capital markets profile, increase institutional ownership, and improve index participation. As of the close of H1 FY25, Greatland reported a robust financial position with significant cash reserves and healthy net assets, underlining its strong performance and growth trajectory.

The company’s revenue generation and profitability during this period reflect its operational efficiency and strategic investments. With a focus on maximizing the potential of its existing assets and exploring new opportunities, Greatland Gold is well-positioned to further strengthen its foothold in the gold-copper production sector. By leveraging its processing capabilities and exploration portfolio, Greatland is set to continue its upward trajectory in the industry, offering investors a promising outlook in the evolving market landscape.