Greatland Resources Limited
Greatland Resources is Australia's third-largest gold miner, operating the 100%-owned Telfer gold-copper mine (Paterson region, WA) and advancing the 100%-owned Havieron brownfield development project, targeting a multi-decade Telfer-Havieron mining hub. A March 2026 Group Ore Reserve upgrade (Telfer +1.1Moz to 1.8Moz) lifted group reserves to 5.0 million ounces of gold plus 196,000 tonnes of copper (including Havieron's unchanged reserve). FY2026 (year ended 30 Jun 2026) production beat guidance at 328,987oz gold and 14,594t copper, at AISC of $2,179/oz; FY27 guidance is 260-300koz at AISC $2,900-$3,330/oz reflecting planned Telfer growth capital ($315-335M) and Havieron pre-production capital ($365-435M). Cash reached A$1.29 billion by end of FY26 with a debt-free balance sheet.
Notable vs. Peers
- Financials score of 8.7/10 is stronger than the peer average of 6.4/10.
Lifecycle Milestones
Construction Milestones
5 of 5 reached- Reached — date not disclosed · Newcrest secured WA Environmental Protection Authority approval in August 2002 for the major Telfer expansion/redevelopment (new processing facilities, restart of open-pit and underground mining) after the mine had been on care-and-maintenance since a July 2000 closure. Asset-level history under prior owner Newcrest, predating Greatland's 2025 acquisition of Telfer from Newmont (see script header). Exact day within August 2002 not confirmed from available sourcing -- recorded reached-but-undated. · Source
- Reached — date not disclosed · Newcrest announced a ~$1 billion redevelopment project for Telfer in 2002, following discovery of a substantially larger reserve base (591t/19Moz gold). Asset-level history under prior owner Newcrest, predating Greatland's 2025 acquisition (see script header). Exact day not confirmed from available sourcing -- recorded reached-but-undated. · Source
- Reached — date not disclosed · Telfer redevelopment (expanded underground mining areas, deepened open pits, new processing plant and power station, new gas supply line from Port Hedland) commenced in 2002. Asset-level history under prior owner Newcrest, predating Greatland's 2025 acquisition (see script header). Exact day not confirmed from available sourcing -- recorded reached-but-undated. · Source
- Reached — date not disclosed · Telfer reopened in November 2004 following commissioning of the new processing plant (initially open-cut only; underground operation followed from March 2006). A separate 'official re-opening' ceremony was held July 28, 2005, after the mine was already back in production. Asset-level history under prior owner Newcrest, predating Greatland's 2025 acquisition (see script header). Exact day within November 2004 not confirmed from available sourcing -- recorded reached-but-undated. · Source
- Reached — date not disclosed · Genuinely reached, but no single company-wide commercial-production date exists: Greatland acquired 100% of the producing Telfer mine (operating continuously since 1975 under various owners, most recently Newcrest/Newmont) and the non-producing Havieron project from Newmont on 2024-12-04, transforming itself from an explorer into a gold-copper producer -- first Telfer gold was poured under Greatland ownership 2024-12-09. Havieron itself has not yet reached production (first ore expected ~2.5 years out, during FY29) and is explicitly not part of this claim. FY26 (year to 30 June 2026) results beat guidance with 328,987 oz gold and 14,594t copper produced. Because Telfer's production history long predates Greatland's December 2024 ownership, no single company-wide date is unambiguous; the 2024-12-09 first-gold-under-new-ownership date is noted but not used as achievedDate since it reflects a change of operator, not a genuine start of commercial production. This row was missing entirely prior to 2026-08-21 -- a genuine data gap, not a stage error; Miner.stage was already correctly PRODUCTION. · Source
Milestones are recorded only from a company's own dated disclosure. A milestone with no date shown is one we can confirm was reached but for which no date was disclosed — we don't estimate one. "Not yet reached" means exactly that, not that a date is missing. An "Expected" line likewise only ever reflects the company's own guidance (e.g. a study or permit decision targeted for a stated quarter) — most not-yet-reached milestones have none, and that absence means no such guidance has been disclosed, not that one is overdue.
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal the underlying research identifies — whether a major already holds a JV, earn-in, or 5–19.9% strategic stake — isn't tracked yet and is absent from this score.
Your Rankings
Management Team
Chief Executive Officer and Managing Director of Greatland Resources Limited since 8 Feb 2021. 25+ years of experience in executive and commercial roles across mining, infrastructure and investment banking. Immediately before Greatland, CFO of Salt Lake Potash Ltd (2019-Dec 2020, resigning after completing an equity raise -- the company later collapsed into administration in Oct 2021, well after his departure, not attributable). CFO of Northern Star Resources Limited (2014-2019, overseeing market cap growth from A$700m to A$8bn). CFO of the SGX-listed Sakari Group, a top-50 Indonesian thermal coal exporter, for approximately 5 years before that. Member of the Senate at the University of Western Australia.
Chief Financial Officer of Greatland Resources Limited -- missing from this DB entirely before this batch (the DB only tracked Greatland's CEO, and its CFO row was the now-corrected, stale Dean Horton entry, who departed Dec 2024). Chartered Accountant with 19+ years of experience in both practice and public-listed companies within the mineral-extractive industries. Served as Acting CFO on two separate occasions (before Horton's Jul 2024 appointment, and again after his Dec 2024 departure, when she was made permanent CFO) and as General Manager Finance in between. Began her career at PricewaterhouseCoopers (Audit and Financial Advisory teams), then held senior finance roles at ConocoPhillips and Santos Limited -- no per-employer dates confirmed to a primary-source standard this pass, grouped as one earlier-career row. Bachelor of Commerce, University of Western Australia.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Task #172 gate batch: smartMoneyScore rubric (playbook §7.6) applied 2026-08-15 -- GATED: marketCapUsd $5.28B >= $5.0B applicability threshold. At this size, index membership (GDX, S&P/TSX 60, Russell 1000) mechanically dominates the shareholder register, so absence of a visible specialist bet carries no information. RESEARCHED_UNKNOWN per playbook §6.4/§7.6.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
FLAG, not force-fit: Greatland's Dec 2025 Feasibility Study for Havieron is real, current, and detailed -- probable reserve of 38.5Mt @ 2.63 g/t Au + 0.33% Cu, 17-year mine plan, steady-state 266,000 oz Au + 9,600t Cu/yr at A$1,610/oz AISC, base-case post-tax NPV5% of US$2.9 billion and IRR of 22.5% at a US$4,500/oz long-term gold price (rising to US$5.4B/31.5% IRR at spot). But this FS is scoped to Havieron specifically -- its own probable reserve, processed through Telfer's existing mill infrastructure under a co-processing plan -- not a whole-company study. Telfer's own separate near-term production (Greatland has laid out a ~2-year 'bridge' plan for Telfer ahead of Havieron ore availability) has no matching DCF study of its own. Writing Havieron's FS figures to this Miner row's whole-company dcfNpvUsd/irrPct/mineLifeYears fields would misrepresent Telfer's separate contribution -- same shape as the RSG (Syama/Mako/Bibiani vs. Doropo)/SRB (Palito vs. Coringa) multi-project precedent from Wave 3/4. Left null and flagged; ouncesFound (5.0Moz combined Group Ore Reserve, already on file) is a reserve-tonnage sum, which is a different and legitimate kind of aggregation than summing two projects' separate DCF studies would be.