Greatland Resources Ltd.

Greatland Resources Ltd. is a junior gold development company headquartered in London, United Kingdom, operating primarily in Australia. The company's portfolio consists of 2 projects, comprising 1 operating mine and 1 development project, in addition to several early-stage exploration prospects. Key assets include Telfer and Havieron. The company's business model is transitioning from pure exploration to integrated development and production, centered on advancing a significant orebody to production. This transition is underpinned by the strategic acquisition of an established processing facility, which is expected to de-risk the development timeline and funding requirements for its primary development asset. The operational approach is designed to create an integrated mining and processing complex, leveraging existing infrastructure to optimize capital efficiency and accelerate the path to cash flow. This integrated model provides a distinct competitive advantage by internalizing processing and reducing reliance on third-party agreements. The organization's core operational expertise is focused on the systematic evaluation and advancement of complex deposits. Risk management is addressed through a disciplined approach to project development, including detailed feasibility studies to define optimal throughput rates and mine plans that maximize value from the integrated asset base.

The corporate strategy is built upon 3 horizons: advancing a key development asset to production, pursuing new discoveries through systematic exploration, and executing disciplined, value-accretive acquisitions. A pivotal strategic action was the consolidation of 100% ownership of its flagship development project and the concurrent acquisition of a nearby operating facility. This move is designed to create a self-funding, integrated operational hub, where cash flow from the acquired producing asset supports the development of the primary project, providing a clear and non-dilutive pathway to full funding. A key market-facing objective is a planned cross-listing on the ASX, intended to enhance the company's capital markets profile, broaden institutional ownership, and increase access to deeper pools of capital to support long-term growth initiatives. Capital allocation is focused on finalizing an optimized feasibility study for the integrated complex and advancing exploration on its wholly-owned tenure.

The board of directors is composed of 8 members, with 6 classified as independent non-executives, ensuring robust governance and oversight. Executive leadership features a Chairman with extensive investment banking and natural resources experience, a Deputy Chair who is a former chief executive of a major global resources company, and a Managing Director who previously served as chief financial officer for a large-scale producer. The board's collective expertise includes senior executive roles at some of the world's largest mining corporations, covering operations, project development, and corporate finance. Governance is structured through an Audit and Risk Committee and a Remuneration and Nomination Committee, with the full board convening 9 times during the fiscal year. Post-year-end, the company adopted the ASX Corporate Governance Principles, aligning its framework with its intended international cross-listing and demonstrating a commitment to high standards of corporate conduct.

The organization prioritizes workplace safety, achieving a Total Recordable Injury Frequency Rate of 0 for its controlled projects during the fiscal year. Environmental management focuses on compliance with all regulations, with no serious breaches or incidents reported. Community engagement is formalized through land access agreements with Native Title groups, which include direct consultation with Traditional Owners for heritage surveys and cultural monitoring prior to undertaking field activities. The company's commitment to social responsibility is integrated into its executive compensation framework, with long-term incentive plans tied to performance targets for maintaining positive relations with Indigenous communities and upholding environmental obligations. The board maintains oversight of these areas, ensuring that operational activities respect cultural heritage and minimize environmental impact. A formal sustainability report was not published in fiscal year 2024, as approved by the board.

A transformative structural change occurred post-fiscal year-end through a binding agreement with Newmont Corporation to consolidate 100% ownership of the company's flagship development asset and acquire a nearby operating facility. The transaction also includes consolidating 100% ownership of a separate exploration joint venture previously held with Newmont. Upon completion, Newmont will become a strategic shareholder, holding approximately 20.4% of the enlarged entity. The company maintains a farm-in and joint venture agreement with Rio Tinto Exploration Pty Ltd, providing the right to earn up to a 75% interest in a portfolio of exploration licenses. Wyloo Consolidated Investments Pty Ltd is another significant shareholder. The acquisition was funded via a substantial institutional and retail equity offering. Operations are conducted through a series of wholly-owned subsidiaries.