Greatland Resources (G8G) 2025 Conference Transcript

Summary of Greatland Resources (G8G) Conference Call Company Overview - Greatland Resources Limited is a mining company focused on gold and copper production, primarily operating in the Paterson province of Western Australia. The company owns the Telfer asset and the nearby Havron project, both significant in size and production capacity [2][3]. Key Financial Highlights - In the first seven months of ownership, Greatland produced 198,000 ounces of gold and copper, generating over $600 million in free cash flow [3]. - As of June 30, 2025, the company is debt-free with $575 million in cash [3]. - For FY '26, production guidance is set at 260,000 to 310,000 ounces of gold, with an all-in sustaining cost of $2,400 to $2,800 per ounce. This represents an 11% reduction in ounces and a 4% increase in costs compared to previous targets [3]. Resource and Production Capacity - Greatland has a resource base of over 10 million ounces of gold and 387,000 tonnes of copper [4]. - The company plans to conduct 240,000 meters of resource development drilling in FY '26, the most extensive drilling program in Telfer's 50-year history [4][22]. Historical Context of Telfer - Telfer is the third-largest gold processing center in Australia, with a history dating back to the 1970s [2][5]. - The site has undergone significant expansions and technological advancements over the decades, including the construction of a new mill and underground mining operations [10][12]. Strategic Vision and Operational Focus - Greatland aims to enhance productivity across Telfer and Havron, leveraging existing infrastructure to extend mine life and improve operational efficiency [17][19]. - The company emphasizes community engagement and has successfully renewed its mining lease, reflecting strong local relationships [18]. Competitive Advantages - Greatland is the only operating infrastructure provider in the Paterson area, giving it a monopoly advantage in processing capacity [19][20]. - The company is focused on life extension opportunities at Telfer and new discoveries in the region, which are seen as significant growth drivers [20]. Investment in Infrastructure and Technology - Greatland is investing in productivity improvements, including increasing underground development from 200 meters to over 400 meters per month [22]. - The company is refurbishing its open pit fleet and enhancing underground operations to ensure a robust mine plan [25][26]. Havron Project Potential - The Havron project is characterized by high-grade ore and is expected to benefit from existing Telfer infrastructure, making it a cost-effective development opportunity [31][32]. - Initial drilling results from Havron indicate a high yield of ounces per vertical meter, suggesting efficient mining operations [32][33]. Future Plans - A feasibility study for Havron is expected to be published in December 2025, with plans to potentially increase its capacity significantly [34]. - Greatland is exploring options to enhance its operational efficiency and reduce capital intensity through improved infrastructure and mining techniques [34]. Conclusion - Greatland Resources is positioned for growth with a strong asset base, significant cash reserves, and a strategic focus on operational efficiency and community engagement. The company is optimistic about its future production capabilities and the potential of the Havron project [34].