Greatland Resources (GGP) Corporate presentation summary

Strategic positioning and asset portfolio

• Operates two major assets: Telfer mine and Havieron project, both in Western Australia, with Telfer acquired in December 2024 and Havieron advancing toward production.

• Telfer is a top-10 Australian gold-copper asset with over 15Moz cumulative production and significant life extension potential through ongoing drilling and development.

• Havieron is a world-class, long-life underground gold-copper project with a 17+ year mine life and lowest quartile AISC, leveraging Telfer’s processing infrastructure.

• O'Callaghans is a globally significant tungsten deposit, providing strategic diversification and development readiness.

• Holds a large exploration portfolio (>2,000km²) in the Paterson region, supporting a hub-and-spoke growth strategy.

Financial performance and guidance

• FY26 gold production reached 329koz and copper 14.6kt, exceeding guidance, with AISC at $2,179/oz, below forecast.

• FY26 free cash flow per ounce was sector-leading, and the company maintains a strong balance sheet with $1.29bn cash and $1.76bn liquidity as of June 2026.

• FY27 guidance targets 260–300koz gold at AISC $2,900–$3,330/oz, with $315–335m Telfer growth capex and $365–435m Havieron investment.

• Havieron standalone base case projects $5.4bn post-tax free cash flow and 22.5% IRR at $4,500/oz gold, with significant upside at spot prices.

• Pre-production capex for Havieron is $1,065m, fully funded from cash, Telfer cash flows, and a $500m undrawn debt facility.

Operational improvements and growth initiatives

• Telfer achieved highest gold recovery in five years and significant safety improvements since acquisition.

• Ongoing investment in mine development, infrastructure, and fleet has nearly doubled group resources and more than doubled reserves since late 2024.

• FY27 plans include 215km of drilling at Telfer, targeting resource and reserve growth, especially at West Dome and Main Dome.

• Havieron’s development is on track, with a three-year ramp-up to steady-state production of 266koz gold annually at $1,610/oz AISC.

• Co-processing Havieron and Telfer ore could further reduce costs through fixed cost sharing and operational synergies.