Greatland Resources: AGM Investor Report - Telfer Strength, Havron Opportunity, Capital Discipline

Greatland Resources delivered a materially positive Annual General Meeting, reinforcing the company’s strategic shift from explorer to operator-owner. The board outlined a year of decisive transactions, operational uplift at Telfer, and the development pathway for Havron. Financially, the company reported a firm cash position and operating cash generation, which underpin near-term project optionality. For investors, the message was clear: capital discipline, deliverable project sequencing and operational efficiency are the priority. Chairman’s AGM Address Good afternoon, everyone. It is my great pleasure to be chairing this inaugural Australian Annual General Meeting of Greatland Resources. When I think back over the past year since our last AGM of Greatland Gold plc, I couldn’t be prouder of what we’ve achieved, and I’m genuinely excited about what’s ahead. At the start of this financial year, Greatland Gold was an explorer and developer with a 30% non-controlling interest in Havieron – a company that hadn’t yet generated earnings or cash flow. Then, on the 4th of December 2024, we took a huge step forward – completing the acquisition that gave us 100% ownership of both the Telfer gold-copper mine and the Havieron project right next door. Operationally, we hit the ground running. In just seven months to 30 June 2025, we produced over 198,000 ounces of gold at an all-in sustaining cost of $1,849 per ounce, generating $601 million in operating cash flow. Remarkably, that operating cash flow actually exceeded the $540 million we paid upfront for the acquisition. By year-end, we were in an incredibly strong position – $575 million in cash and no debt…and that figure has since grown to $750 million at the end of September. Now, yes…the strong gold price certainly helped. But this performance also reflects the improvements we’ve made in productivity and safety, which Shaun will speak to in a moment. On the corporate front, in June we achieved another major milestone by listing on the ASX, marking our evolution into a leading Australian gold-copper producer. That’s been a key strategic goal since I joined as Chairman back in 2022, and it’s a significant step forward for us. We’re also continuing our AIM listing, which remains an important part of who we are and how we engage with our broader shareholder base. Looking ahead, we believe Greatland has an outstanding platform for growth. We expect to release the Havieron Feasibility Study shortly, which will highlight just how much of a world-class asset that project is. And at Telfer, we’re investing in the operation to extend its life even further. Having already shown we can run Telfer efficiently and profitably, we see further life extension as a key opportunity to deliver more value to shareholders. Finally, I want to take a moment to sincerely thank our shareholders. The transformation we’ve achieved this year simply wouldn’t have been possible without your confidence and support. So, thank you. https://www.share-talk.com/greatland-...