Greatland Resources (GGP) investor relations material

Executive summary

• Achieved quarterly production of 80,890–80,900oz gold and 3,366–3,400t copper, with gold recovery at 88.6%, the highest since FY2010, and improved safety performance post-acquisition.

• Generated $476M in revenue and $284M in operating cash flow, ending the quarter with $750M in cash and no debt.

• Recouped 1.6x the upfront acquisition cost of Telfer within 10 months, generating $885M in operational cash flow since December 2024.

• Significant investment in drilling and resource development, with over 53,000 meters drilled in the quarter and a record 240,000-meter program underway.

• Major equipment renewal, infrastructure refurbishment, and growth capital initiatives advanced at both Telfer and Havieron.

Financial highlights

• Quarterly revenue was $476M from sales of 82,199–82,200oz gold and 3,277–3,300t copper at an average realized price of $5,277/oz.

• All-in sustaining cost (AISC) was $2,155/oz, below guidance, with strong AISC margin and high gold recoveries.

• Operating cash flow for the quarter was $284M, with $87M invested in site development and $17.9M in sustaining capex.

• Cash balance at quarter-end exceeded $750M, with zero debt and $75M undrawn working capital facility.

• Cumulative cash flow from operations since December 2024 reached $885M, exceeding the acquisition consideration.

Outlook and guidance

• FY26 production guidance remains at 260,000–310,000oz gold at an AISC of $2,400–$2,800/oz, with production weighted to the first half.

• Growth capital spend tracking to full-year guidance of $230M–$260M.

• Havieron Feasibility Study on track for completion in December 2025, with permitting and early works progressing.

• Telfer mine life extension initiatives and open pit expansions underway, targeting multi-year production.

• Ongoing drilling and exploration to support future resource growth and conversion.