Citi initiates coverage on Australia-based Greatland Resources with 'neutral' rating

Greatland Resources

25/06/2025 22:11

** Citi initiates coverage on copper and gold producer Greatland Resources GGP.AX with "neutral" rating and a price target of A$8.0/share

** Greatland started trading on the ASX on Tuesday. It closed at A$7.20 on Wednesday

** Company operates Telfer gold mine and is developing nearby Havieron gold-copper project in Western Australia

** Citi says Havieron is one of the highest-grade and largest undeveloped greenfield projects in Australia; expects it to produce 220-310 koz per annum

** Says West Dome Underground site, in co's Telfer mine, has delivered some of the best intercepts on the ASX this year

(Reporting by John Biju in Bengaluru)

((John.Biju@thomsonreuters.com))