Macquarie flags mixed WA project metrics for Australia's Greatland; shares slip

Greatland Resources

02/12/2025 24:44

Corrects spelling of Macquarie in third bullet

** Greatland Resources GGP.AX falls as much as 4.81% to A$7.920; marks biggest intraday pct decline since November 26

** Co's Havieron project study blueprint flags 17-year life, with steady annual output of 266,000 ounces at A$1,610 per ounce all-in sustaining cost (AISC)

** Macquarie says project's standalone study trails on steady-state production but tops on AISC, quicker ramp-up timing to steady state

** Adds further upside may emerge as co probes Telfer gold-copper mine extensions and looks to integrate project

** Stock climbs 12.3% since listing in June

 (Reporting by Kumar Tanishk in Bengaluru)

 ((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk;))