Greatland Gold provides a roadmap to growth and long-term prosperity
Last updated: 11:07 04 Jun 2025 EDT, First published: 07:54 04 Jun 2025 EDT
Greatland Gold has just dropped its latest investor presentation, which makes fascinating reading, bringing together its latest plans, while painting an optimistic long-term picture.
Remember, Greatland, now valued at close to £2 billion, owns two assets: the producing Telfer Mine and Havieron, the world's second-largest undeveloped gold asset. Near one another (comparatively by Australian standards), they are located in Western Australia's Patterson Region, a hotspot for the yellow metal.
Below is a far from exhaustive run-down of what's contained in this latest nugget from one of London's growth sector's success stories. Click here to take a deeper dive.
Full-year 2025 guidance and healthy cash position
For the financial year to June 2025, Greatland expects to produce 196,000–210,000 ounces of gold at a total cost of A$2,100–2,250 per ounce. They plan to spend about A$95–$105 million on growth projects. The company has no debt, a A$75 million undrawn credit line, and has hedged part of its gold production to protect against price falls.
Ongoing underground development at Havieron
Miners have dug a ramp down to 340 metres. Work is paused at that depth to deal with an underground water layer, but all necessary approvals are expected without delaying the overall plan.
Finalised mine design and target start date for Havieron
The feasibility study has settled on initially mining 2.8 million tonnes of rock per year (after ramp-up), with room to increase this to 4–4.5 million tonnes later by adding a second ramp and conveyor. First production from Havieron is planned for financial 2028, pending final investment decisions and permits.
Telfer still has significant resources left
Telfer’s remaining resource is about 3.2 million ounces of gold and 117,000 tonnes of copper, divided between an open pit (where rock is excavated from the surface) and underground workings.
Multiple opportunities to extend Telfer’s life
There are known rock bodies nearby that could be added to the current mine plan, both in the open pit and underground. These include new zones and deeper sections that could keep Telfer running longer.
Improved metal recovery rates at Telfer under Greatland’s ownership
In the March 2025 quarter, Telfer achieved gold recovery (the percentage of gold extracted from the ore) of 86.7 per cent and copper recovery of 80.0 per cent. These rates are significantly higher than those recorded before Greatland took over.
Strong and reliable processing plant at Telfer
The mine has two separate processing lines, each capable of handling 10 million tonnes of rock per year. These are in good condition, with a maintenance strategy in place to keep them running smoothly. They will process material from both Telfer and Havieron, as well as any future nearby projects.