Greatland Resources

What Greatland Resources does

Greatland Resources Limited (ASX:GGP, AIM:GGP) is an Australian gold-copper producer headquartered in Subiaco, Western Australia, operating the 100%-owned Telfer gold-copper mine in the Paterson Province of the East Pilbara region. Telfer comprises a 20Mtpa dual-train processing facility producing gold doré, copper-gold concentrate, and gold middlings high-grade concentrate, with cumulative production exceeding 15 million ounces of gold since 1977. The company's core strategy is a hub-and-spoke model that leverages Telfer's surplus processing capacity to serve as the development anchor for the adjacent Havieron gold-copper project and other regional satellite deposits.

The business model is direct B2B commodity sales, with products sold to refiners, smelters, and trading houses at prevailing global gold and copper spot prices; no customer-specific offtake contracts are disclosed. In Q3 FY26 the company sold 97,800 ounces of gold and 4,600 tonnes of copper, generating A$742 million of revenue at an all-in sustaining cost of A$2,056 per ounce and an AISC margin exceeding A$4,700 per ounce. Total group mineral resources stand at 14.9Moz gold and 645,000 tonnes of copper as of December 2025, with Ore Reserves of 3.1Moz gold and 132,000 tonnes of copper following the Telfer MRE upgrade to 8.0Moz.

Greatland Resources is concurrently developing the Havieron gold-copper project, a world-class high-grade breccia pipe deposit located 45km east of Telfer with a post-tax NPV of A$2.9 billion per the December 2025 Feasibility Study, expected to produce approximately 270,000 ounces of gold annually at lowest-quartile costs over a 17-year mine life. The company also holds a substantial Western Australian exploration portfolio including the Paterson South farm-in with Rio Tinto (1,080km²), Telfer Near Mine (44 mining leases), O'Callaghans tungsten deposit, Scallywag, Ernest Giles, Mt Egerton, Panorama, and Yannarie projects. Corporate restructuring in June 2025 redomiciled the entity from the UK to Australia and dual-listed it on the ASX while maintaining its AIM listing, supported by a US$334 million equity raise in September 2024 to fund the Telfer/Havieron acquisition and a subsequent A$500 million syndicated debt facility executed in June 2026.

Name

Greatland Resources

Legal name

Greatland Resources Limited

Website

https://greatland.com.au

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

251–500 employees

Short description

Greatland Resources is an Australian gold-copper producer operating the 100%-owned Telfer mine and developing the world-class Havieron project in Western Australia under a hub-and-spoke strategy, selling doré and concentrate to global refiners and smelters at spot prices.

Ownership category

akta.pro rank

Product category

Gold and Copper Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230), Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Copper Exploration & Resource Development (IMAKADAA), Copper By-Products Recovery (Molybdenum, Gold/Silver, Sulfuric Acid) (IMAKADAH)

Keywords

• Gold mining
• Copper mining
• Mineral exploration
• Gold-copper production
• Resource extraction

Headquarters

HQ city

Subiaco

HQ country

Australia

HQ region

Oceania

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Gold Production and Sales: Greatland generates revenue primarily through the production and sale of gold, produced as gold doré and gold middlings high-grade concentrate. The company sold 97,800 ounces of gold in Q3 FY26 generating significant revenue at an all-in sustaining cost of A$2,056 per ounce.
2. Copper Production and Sales: The company produces and sells copper-gold concentrate as a co-product, generating additional revenue streams. The company sold 4,600 tonnes of copper in Q3 FY26, with copper prices providing meaningful revenue contribution alongside gold.
3. Havieron Project Development: The Havieron gold-copper project, currently in development, will become a major revenue contributor once in production. The project has a post-tax NPV of A$2.9 billion and requires an estimated US$1.065 billion in pre-production capital expenditure. Havieron is expected to produce approximately 270,000 ounces of gold annually at lowest quartile operating costs over an initial mine life of 17 years.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Greatland Resources operates the Telfer gold-copper mine in Western Australia's Paterson Province, producing gold doré, copper-gold concentrate, and gold middlings high-grade concentrate through a 20Mtpa dual-train processing facility. The company is concurrently developing the nearby Havieron gold-copper project, a high-grade breccia pipe deposit that will leverage the existing Telfer infrastructure under a hub-and-spoke strategy. Greatland also holds a portfolio of exploration projects across Western Australia targeting gold, copper, tungsten, and base metals.

Product overview

Greatland Resources is a leading Australian gold and copper producer operating the Telfer gold-copper mine, one of Australia's largest gold-copper mining complexes, while concurrently developing the nearby world-class Havieron gold-copper project. The company also maintains a significant exploration portfolio across Western Australia including projects in the Paterson Province (Scallywag, Paterson South Farm-In, Telfer Near Mine, O'Callaghans), the Yilgarn region (Ernest Giles), the Gascoyne region (Mt Egerton, Yannarie), and the Pilbara region (Panorama). The Telfer mine provides existing processing infrastructure that will be leveraged to process ore from the Havieron development project, creating an integrated 'hub and spoke' mining operation.

Differentiator

Problem solved

Functional benefit

Products and services

• Telfer Gold-Copper Mine

Quantifiable outcome

• A$260 million quarterly cash build in Q3 FY26, ending with A$1.2 billion cash and zero debt
• +4 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered minor and core.

• Aventine Resources Pty LtdminorOthers · 1 January 2025Conditional sale agreement for certain Scallywag and Panorama tenements (Black Hills, Paterson Range East, Black Hills North, Panorama, Panorama North, Panorama East). Subject to satisfaction of conditions precedent, the tenements were expected to be sold to Aventine Resources prior to 31 October 2025. This represents an asset divestment rather than a commercial partnership.
• Rio Tinto Exploration Pty Limited (RTX)coreStrategic or Co-development Partner · 1 May 2023Farm-in and joint venture arrangement covering seven exploration tenements across 1,080km² in the Paterson South region. Greatland can earn up to a 75% interest through a two-stage farm-in requiring completion of 24,500m of drilling as part of a A$21.1 million exploration spend over 7 years. The partnership accelerates exploration across the tenure in the Paterson region, which Greatland considers significantly under-explored.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Northern Star Resources: Major Australian gold producer operating multiple mines across Western Australia, including Kalgoorlie, Jundee, and Yandal. Direct peer given shared Australian gold focus, similar mid-cap scale, and Greatland's Managing Director Shaun Day previously served as Northern Star's CFO.
• Evolution Mining: Australian mid-tier gold producer with operations across NSW, Queensland and Western Australia. Direct peer as a comparable Australian-focused gold producer of similar market capitalisation, with overlapping exposure to multi-asset gold portfolios.
• Ramelius Resources: Australian gold producer with operations in Western Australia and recently Mt Magnet. Direct peer as a WA-focused mid-cap gold producer of comparable scale, with similar hub-and-spoke processing strategies.
• Westgold Resources: Australian gold producer with multiple operations across the Murchison and Southern Cross regions of Western Australia. Direct peer as another WA-focused mid-cap producer with a multi-mine hub-and-spoke operating model similar to Greatland's Telfer strategy.
• Sandfire Resources: Australian copper-gold producer operating the DeGrussa and MATSA copper mines. Direct peer given the shared copper-gold commodity mix and Australian operating footprint, with Greatland Group Geologist Damien Stephens previously at Sandfire.

Emerging players

• Capricorn Metals: Australian gold producer focused on the Karlawinda mine in Western Australia. Emerging player of comparable scale to Greatland's pre-Havieron profile, providing a benchmark for emerging mid-cap Australian gold producers.

Broad incumbents

• Newmont Corporation: World's largest gold miner and seller of Telfer and Havieron to Greatland in December 2024. Broad incumbent comparable as a major gold-copper producer and the former owner of Greatland's flagship assets, providing direct operational benchmarks.
• Rio Tinto: Global diversified miner with significant copper-gold exposure and farm-in JV partner with Greatland across 1,080km² in Paterson South. Broad incumbent with copper-gold overlap and an active strategic relationship via the joint venture.
• BHP Group: World's largest diversified miner and operator of major Australian copper-gold assets including Olympic Dam. Broad incumbent relevant given Director James Wilson's 25-year BHP tenure and Greatland's focus on copper co-products.

Others

• Fortescue Metals Group: Major Australian iron ore producer with significant overlap in board and management personnel (Chairman Mark Barnaba, Deputy Chair Elizabeth Gaines, Chief Development Officer Rowan Krasnoff). Comparable for corporate governance, capital markets access, and management bench-strength benchmarking in the Australian resources sector.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/greatlandgold
• YouTubeyoutube.com/watch?v=58hms4L9fT0
• LinkedInuk.linkedin.com/company/greatland-gold-plc-ggp-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Greatland Resources