March 2026 Quarter Production Update

Greatland Resources Limited

08 April 2026

 

 Greatland Resources Limited

E: [e-mail]

W: https://greatland.com.au

: x.com/greatlandgold

NEWS RELEASE | 8 April 2026

March 2026 Quarter Production Update

Quarterly production of 82,723 oz Au,
cash builds $260m to $1,208m

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK MARKET ABUSE REGULATIONS.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Greatland Resources Limited (Greatland or Company) (ASX:GGP, AIM:GGP) is pleased to provide the following preliminary production update for the March 2026 Quarter:

·        Production of 82,723oz Au and 4,128t Cu (YTD FY2026: 249,887oz Au and 11,022t Cu).

·        All-In-Sustaining-Cost (AISC) is still to be finalised and will be reported in the March 2026 Quarterly Activities Report.

·        Sales of 97,800oz Au and 4,620t Cu¹ (YTD FY2026: 252,212oz Au and 10,333t Cu).

·        Cash at 31 March 2026 of $1,208 million (31 December 2025: $948 million) and nil debt which represents a cash build of $260 million for the quarter, after capital expenditure, and a cash payment of $73 million for tax related to the FY25 period. Greatland will now commence paying regular cash tax instalments with effect from April 2026.

·        Greatland maintains full upside exposure to the gold price, with partial downside price protection provided from gold put options.

Greatland is closely monitoring potential supply chain and cost impacts due to the current conflict in the Middle East, and notes the following:

·        Telfer is not currently impacted by diesel supply disruptions with fuel supplied directly by a global oil major on a long-term contact via Port Hedland.

·        Telfer's processing plant power is generated onsite by natural gas that is delivered via the Pilbara Pipeline System ex Port Hedland, from Western Australian natural gas production. Telfer's underground operation utilises an electric shaft hoist, reducing diesel intensity of Greatland's highest-grade ore sources.

·        Telfer maintains significant surface stockpiles of 22Mt @ 0.36g/t Au & 0.05% Cu estimated at the end of March 2026, equal to more than 12 months of mill feed.

Greatland currently expects full-year FY26 production around, or slightly above, the upper end of the production guidance range of 260,000 - 310,000oz Au.

Greatland will release its full March 2026 Quarterly Activities Report later in the month of April 2026. A webcast will be held on the same day, with details to be provided in due course.

Note (1): Inclusive of 17,014oz Au and 854t Cu that Greatland received cash for in the previous December 2025 Quarter, as reported in the December Quarterly Activities Report dated 28 January 2026.

Contact

For further information, please contact:

Greatland Resources Limited

Shaun Day, Managing Director  |  Andrew Bowler, Head of Investor Relations

[e-mail]

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin  |  [phone]

Corporate Brokers

Canaccord Genuity  |  James Asensio / George Grainger  |  [phone]

RBC Capital Markets  |  James Agnew / Jamil Miah  |  Scott Redwood  |  [phone]

Media Relations

Australia - Fivemark Partners  |  Michael Vaughan  |  [phone]

About Greatland

Greatland is a gold and copper mining company listed on the Australian Securities Exchange and London Stock Exchange's AIM Market (ASX:GGP, AIM:GGP), and operates its business from Western Australia.

The Greatland portfolio includes the 100% owned Telfer mine, the adjacent 100% owned brownfield world-class Havieron gold-copper development project, and a significant exploration portfolio within the surrounding region. The combination of Telfer and Havieron provides for a substantial and long-life gold-copper operation in the Paterson Province in the East Pilbara region of Western Australia.

 

END