First Month Production

[Irish24]

December Month Update
Dear Shareholders,

We are pleased to have released our December Month Update today, available here: December Month Update.

We completed our acquisition of 100%ownership of the operating Telfer gold-copper mine and world class Havieron gold-copper project on 4 December 2024, a transformative moment that has made Greatland a significant Australian gold-copper producer.

In the 27days of Greatland’s ownership in December, we produced 29,864oz of gold and 1,189tof copper, or 33,882oz gold equivalent1. This is an excellent achievement that is testament to our team’s ability to maintain operational discipline whilst in parallel advancing the integration process.

We acquired significant already-mined ore stockpiles and closed the month with more than 500,000ozgold estimated to be contained in run-of-mine (247koz) and low grade(262koz) stockpiles at surface. In addition to the benefit of the mining costs having already been paid for this stockpile material, the availability of significant ore stockpiles materially de-risks and provides flexibility for Telfer operations.

We closed the month in a strong financial position, with A$145 million cash and total liquidity ofA$220 million (including an undrawn A$75 million working capital facility executed during the month with our bank syndicate of ANZ, HSBC and ING).

We made important progress on Telfer mine life extension opportunities. At the West Dome Open Pit, the Stage 7 and Stage 8 Extension cutbacks have been prioritised for final evaluation works to enable final investment decision in FY25. A comprehensive review of all near-mine drilling priorities has identified multiple drilling targets that will be evaluated as part of our drilling budget process.

At Havieron we progressed our Feasibility Study, which remains targeted for completion in H2 CY2025. Preparations for our ASX listing are progressing and the listing remains targeted for the June 2025 quarter.

The combination of the high Australian dollar gold price, very substantial mined stockpiles at surface, Telfer mine life extension targets, and the approaching development of the world class Havieron gold-copper asset presents a unique opportunity for near-term cashflow and medium-term growth.

We remain very focused on our integration work, continuing to operate Telfer safely and productively, and progressing Telfer mine life extension opportunities and our Havieron Feasibility Study. We look forward to providing a fulsome March 2025 quarterly update, which will include cost performance and production and cost guidance for FY25.



Regards,

Shaun Day

Managing Director

[jecsggp]

An excellent start - straight out of the blocks.

J.

[Midas Malc]

Fantastic result! Congrats to SD and all the incredibly hard working team to pull this off in such a short period of time from fully taking the reins. Hopefully, the doom mongers and nay sayers will disappear back behind the stones they came from, and we can get on with the job in hand. Would love there to be a GGP Chat 'live' YouTube tonight with Liam & Stu, but will have to be a very late night/early morning with the webcast at 2am Thursday.