Greatland Resources (GGP) Corporate Presentation summary

Strategic positioning and assets

• Emerged as a new gold-copper producer in Western Australia's Paterson Province, owning the Telfer mine and the world-class Havieron project, both supported by significant processing infrastructure.

• ASX and AIM listed, with a strong balance sheet of $750m cash and no debt as of September 2025, and available liquidity of $825m.

• Group Mineral Resource as of December 2024 totals 10.2Moz gold and 387kt copper, with Telfer and Havieron as cornerstone assets.

• Telfer is the third largest gold-copper processing facility in Australia, with a 20Mtpa capacity and over 15Moz cumulative production.

• Havieron is the second largest undeveloped high-grade gold project in Australia, with 7.0Moz gold and 275kt copper resources.

Financial and operational performance

• FY25 revenue reached $961.3m, with EBITDA of $526.7m and a 55% EBITDA margin, reflecting only seven months of Telfer ownership.

• FY25 net profit after tax was $337.3m, with earnings per share of 63.6 cents.

• Achieved $2,917 EBITDA per ounce of gold sold and strong free cash flow per ounce, outperforming many peers.

• FY26 production guidance is 260–310koz gold at an AISC of $2,400–$2,800/oz, with $230–260m growth capex planned for Telfer.

• Rapid payback of Telfer acquisition, with cash flow from operations in the first seven months exceeding upfront consideration.

Growth, investment, and exploration

• Largest drilling program in Telfer's history planned for FY26, targeting over 240km to extend mine life and convert resources.

• Investment in mine development, infrastructure, and fleet to support multi-year life extension at Telfer.

• Havieron feasibility study targeted for December 2025, assessing an initial 2.8Mtpa mining rate with expansion potential.

• Regional exploration portfolio covers over 2,000km² in the Paterson region, leveraging Telfer’s processing capacity for a hub-and-spoke strategy.

• Strong cash position and undrawn debt facilities, with gold put options in place to protect downside price risk.