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REG - Greatland Resources - Exploration and Resource Development Update

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RNS Number : 9396P  Greatland Resources Limited  22 January 2026

Greatland Resources Limited

E: info@greatland.com.au

W: https://greatland.com.au

: x.com/greatlandgold

 

NEWS RELEASE | 22 January 2026

 

 

Resource Development & Exploration Activities Report

December Quarter 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THE UK
MARKET ABUSE REGULATIONS.  ON PUBLICATION OF THIS ANNOUNCEMENT VIA A
REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE
PUBLIC DOMAIN.

 

Record FY26 drilling and exploration program continues to deliver

 

Promising results from the second quarter of Telfer's record drilling program,
including highest grade West Dome Underground drilling results to date

Highlights

Telfer Resource Development Drilling

§  54,204 metres (resource growth and conversion drilling) completed from
756 holes during the December quarter (September quarter: 53,543 metres; FY26
H1: 106,766 metres).

§  Greatland remains well placed to deliver on its record 240,000m Telfer
FY26 drilling program, with increased drill capacity now on site to accelerate
the program in the March 2026 quarter.

West Dome Underground

§  11 holes for 6,284m drilled during the quarter at the West Dome
Underground (WDU) project, with further exceptional drilling results
continuing to grow the scale of the opportunity.

§  In addition to the results reported on 27 November 2025 (refer to
announcement "West Dome Underground Project Update
(https://app.sharelinktechnologies.com/announcement-preview/asx/8ae1edfcd6bfc1498cac81b65b8a6a7c)
"), assays from a further 10 holes were received during the quarter, with the
following significant results:

-   55.3m @ 7.4 g/t Au & 0.43 % Cu (411 gram-metres Au (gm)(1)) from
427m (WUC4550104)

-   27.0m @ 9.3 g/t Au & 0.15 % Cu (251gm) from 495m (WUC4550104)

-   50.2m @ 2.8 g/t Au & 0.36 % Cu (141gm) from 263m (WUC4550105)

-   27.1m @ 3.2 g/t Au & 0.95 % Cu (87gm) from 323m (WUC4550068)

-   15.8m @ 5.0 g/t Au & 0.23 % Cu (79gm) from 332m (WUC4550087)

§  Maiden Mineral Resource Estimate remains targeted in the March 2026
quarter.

Note (1):  Formula: gm = interval width multiplied by Au grade

West Dome Open Pit

§  20,769m of resource growth drilling completed during the quarter; with
the completion of the targeted Stage 7 extension drilling early in the
quarter, drill capacity has now shifted to focus on the multi-year Stage 2
extension opportunity.

§  19,368m of resource conversion drilling completed during the quarter,
providing increased geological confidence for the material within both Stage 7
and Stage 2 extensions to underpin the remainder of FY26 mine plan.

Main Dome Underground

§  7,756m drilled across 86 holes, targeting resource conversion &
growth drilling across several near-mine targets during the quarter.

§  Growth drilling has confirmed and extended mineralisation at both ESC
South and Kylo.

Regional Exploration

§  South-East Hub satellite extension drilling at the Big Tree deposit
confirmed mineralisation down dip of historic drilling and along strike of the
deposit.

§  Paterson South Farm-In drill testing was completed at the Teague
prospect, approximately 35km east-southeast of Telfer. Highly encouraging gold
and pathfinder element mineralisation was intersected in hole TRS007RCD:

-   8m @ 1.30g/t Au from 241m (including 3m @ 3.11 g/t Au from 241m)

-   15m @ 0.40g/t Au from 150m (including 4m @ 0.98g/t Au from 161m)

§  Assay results were received for the remaining holes in the Thomsons
deposit extension drill program, identifying down dip mineralisation and east
west orientated high-grade veins aligned subparallel to previous drilling,
with a peak of 0.62m @ 35.06g/t Au & 0.04% Cu from 478m THO25RCD014.

§  Growth drilling continued at the Camp Dome deposit, testing for
extensions to mineralisation below the oxide deposit.

§  Ernest Giles first pass testing of Induced Polarity (IP) anomalies was
completed with diamond drillhole tails. Peak gold mineralisation was recorded
in drillhole EGD009, with mineralisation open along strike and up and down
dip:

-   9m @ 0.72g/t Au from 349m (including 3m @ 1.30 g/t Au from 349m and 1m @
2.43 g/t Au from 354m)

Greatland Managing Director, Shaun Day, commented:

"Our record 240,000m annual drilling program at Telfer has continued to
deliver very promising results in the December quarter, which strongly support
the potential for multi-year Telfer life of mine extension from both open pit
and underground opportunities.

"The high-grade West Dome Underground project is particularly exciting,
returning the highest gram-metre intercept to date of 55.3m at 7.4 g/t gold
and 0.43 % copper (411 gram-metres gold). Encouragingly, this result is the
southern most assay returned to date, and the mineral system is increasing in
size towards the south which remains open. Three diamond drill rigs are now
operating at the project and a maiden Mineral Resource estimate is targeted in
the March 2026 quarter.

"Resource growth and conversion drilling in the West Dome Open Pit and Main
Dome Underground continue to enhance our geological confidence in near term
mining areas and longer-term extension opportunities. In total, over 100,000
metres of new resource growth drilling will inform our next Telfer Mineral
Resource update in the March 2026 quarter.

"The quarter's regional exploration results are encouraging, both in the
Paterson and at our Ernest Giles project, an Archean greenstone in the Yilgarn
region."

 

Overview

Greatland Resources Limited (Greatland) is pleased to provide this update on
resource development and exploration activities.

Telfer Resource Development

Greatland remains on track to complete the largest annual drilling program in
Telfer's operating history, with ~240,000 metres total drilling planned in
FY26, comprising ~150,000m of resource growth drilling and ~90,000m of
resource conversion drilling.

First half (June to December 2025) drilling of 106,766m has now been
completed, in line with the planned delivery schedule.

Figure 1: Telfer historic and planned FY26 drilling

The objective of the planned drilling is expansion and conversion of Telfer
Mineral Resources to support targeted further multi-year mine life extensions.
Three key extension opportunities are presently targeted, the West Dome Open
Pit (WDO), Main Dome Underground (MDU) and West Dome Underground (WDU).

Figure 2: Telfer planned Resource Development drilling by area

A total of 54,204m was drilled during the quarter, comprising:

§  Conversion: 565 holes for 19,183m; and

§  Growth: 190 holes for 34,863m.

A fifth underground diamond drill (DD) rig was mobilised during the quarter,
and the decision has been made to add a sixth underground DD rig based on the
continued success in the WDU drilling program. The sixth underground rig is
expected to arrive in February 2026 to enable testing of the expanse of the
WDU mineralisation (extension drilling).

Three reverse circulation (RC) rigs continued drilling throughout the quarter
with a relatively even split between growth and conversion drilling.
Conversion drilling in FY26 H1 has now provided increased geological
confidence across all active mining areas, allowing increased growth drilling
focus for the remainder of FY26.

West Dome Open Pit (WDO)

Drilling for the December quarter remained focused on two priority cutback
opportunities:

§  Stage 7 Extension: Extension of the existing Stage 7 cutback towards the
north (refer Figure 3), which is expected to provide Telfer's baseload ore
feed for FY27 and FY28.

§  Stage 2 Extension: Extension of the current Stage 2 towards the south,
east and west. The area being targeted with drilling is substantial and has
the potential to support multi-year extension of the Telfer open pit mine life
beyond FY28.

Stage 7 Extension drilling was completed during the quarter, with drill
capacity shifting to predominately concentrate on the southern Stage 2
Extension which will remain a focus for much of the March 2026 quarter.

Figure 3: West Dome Open Pit - December 2025 Quarter (Q2 FY2026) Drilling

 

Drilling in the West Dome continues to increase our confidence in the
geological model that underpins the Mineral Resource, with a combination of
reef hosted and wide stockwork domains intercept to date.

The following significant results were returned during the quarter, with the
full list of results in Table 1.

Stage 7 Extension

A total of 28 resource growth holes for 5,857 metres was completed in the
quarter, with the following significant results:

§  35m @ 4.8 g/t Au & 0.30 % Cu (167 gm) from 273m (WR28748)

§  45m @ 0.9 g/t Au & 0.07 % Cu (41 gm) from 147m (WR39551)

§  41m @ 1.0 g/t Au & 0.02 % Cu (41 gm) from 121m (WR39552)

§  42m @ 0.8 g/t Au & 0.21 % Cu (35 gm) from 159m (WR39219)

§  36m @ 1.0 g/t Au & 0.24 % Cu (36 gm) from 166m (WR40079)

§  20m @ 1.6 g/t Au & 0.07 % Cu (24 gm) from 58m (WR39554)

§  42m @ 0.6 g/t Au & 0.02 % Cu (25 gm) from 168m (WR40737)

All results have been received and the Mineral Resource update is in progress.

Stage 2 Extension

A total of 63 resource growth holes for 14,804 metres was completed during the
quarter, with the following significant results:

§  22m @ 2.9 g/t Au & 0.33 % Cu (65 gm) from 168m (WR24227)

§  49m @ 0.9 g/t Au & 0.09 % Cu (47 gm) from 10m (WR27230)

§  38m @ 1.1 g/t Au & 0.27 % Cu (42 gm) from 146m (WR24226)

§  11m @ 3.2 g/t Au & 0.10 % Cu (36 gm) from 403m (WR25707)

§  38m @ 0.6 g/t Au & 0.07 % Cu (24 gm) from 28m (WR27595)

§  21m @ 0.9 g/t Au & 0.06 % Cu (20 gm) from 58m (WR33156)

With the completion of most of the growth drilling in the active mining areas
during the December quarter, drilling will now shift to testing from both the
eastern and western sides of the Stage 2 southern extension.

Main Dome Underground (MDU)

The first half of FY26 drilling campaign in the MDU has been focused on near
term extension opportunities, and has successfully confirmed multiple near
mine extensions such as A Reef, Tarkin (LLU), Rey extensions and the Eastern
Stockwork Corridor (ESC) that have been drilled to a mine ready status and
delivered to the operations team.

The focus of the second half of FY26 drilling is longer term growth
opportunities, such as the ESC extensions, VSC, Kylo and A Reef North, which
have the potential to provide significant mine life extension and are all
adjacent to the existing underground infrastructure.

December quarter drilling in the MDU comprised 86 holes for 7,606 metres
focused on the A Reef & ESC, with resource conversion and resource growth
drilling at the Kylo target completed during the quarter.

Following the September quarter's impressive results at Kylo, additional
results were received in the December quarter (Figure 4) confirming the
presence of significant mineralisation. Drilling has delineated both narrow
high grade reef style and broader stockwork style mineralisation, with the
technical review underway to direct future drilling and extraction options.

The following significant results were received from Kylo drilling during the
quarter:

§  17m @ 3.1 g/t Au & 0.09 % Cu (60 gm) from 28m (MUC4540093)

§  4.0m @ 8.9 g/t Au & 0.59 % Cu (36 gm) from 34m (MUC4540090)

§  7.7m @ 2.7 g/t Au & 0.38 % Cu (21 gm)  from 26.3m (MUC4540094)

§  22.1m @ 1.8 g/t Au & 0.31 % Cu (39 gm) from 28m (MUC4540096)

§  49.8m @ 1.2 g/t Au & 0.07 % Cu (60 gm) from 49m (MUC4540086)

Figure 4: Main Dome Underground -Kylo December 2025 Quarter Drilling

 

 

West Dome Underground (WDU)

Greatland's announcement on 27 November 2025 "West Dome Underground Project
Update
(https://app.sharelinktechnologies.com/announcement-preview/asx/8ae1edfcd6bfc1498cac81b65b8a6a7c)
" included assay results from a further 9 new holes that were received prior
to that announcement.

Increasing drill density has improved understanding of the WDU, with three
mineralised domains now confirmed: a broad sub-vertical Western Stockwork
Corridor (WSC), flanked by the extensive Western Limb and Eastern Limb high
grade shoots hosted within the Lower Limey Unit (LLU), an important geological
horizon for gold-copper mineralisation at Telfer.

Western Stockwork Corridor (WSC)

The WSC mineralisation is located within the hinge of the WDU fold (Figure 5)
and consists of a broad zone of concordant and discordant stockwork/sheeted
and breccia veins, containing chalcopyrite, pyrite, white & pink dolomite,
quartz and galena. There is also a notable overprinting of albite alteration.

The potential of this domain was first identified during the maiden
underground drilling campaign, which although focused on the high-grade
Western Limb also intercepted several broad zones of stockwork mineralisation
within the hinge of the fold.

Recent drilling to the south (Figure 5) has return multiple intercepts of
broad higher-grade mineralisation within the WSC during the quarter, with the
following significant results returned during the quarter:

§  55.3m @ 7.4 g/t Au & 0.43 % Cu (411 gm) from 426.7m (WUC4550104)

§  29m @ 2.0 g/t Au & 0.01 % Cu from (58 gm) 405m (WUC4550102)

§  56.6m @ 2.2 g/t Au & 1.26% Cu (127gm) from 337m (WUC4550083) -
previously announced(2)

§  82.2 @ 1.9 g/t Au & 0.31% Cu (156gm) from 360.7m (WUC4550092) -
previously announced(2)

§  66.5m @ 1.18 g/t Au & 0.16% Cu (78gm) from 334m (WUC4550085) -
previously announced(2)

§  24.0m @ 1.18 g/t Au & 0.10% Cu (28gm) from 309m (WUC4550081) -
previously announced(2)

The drilling to date confirms continuous WSC mineralisation over 700m of
strike, averaging approximately 40m wide (true width) x 150m dip extent
(height), and remains open along strike, and up and down dip. These recent
results indicate higher grade and increased width to the south of the Phase 1
drilling.

The WSC is considered comparable to the Vertical Stockwork Corridor or 'VSC'
domain that was one of the dominant domains targeted by the Sub-Level Cave
(SLC) at the Telfer Main Dome Underground from 2008 to 2019 (mining
approximately 5Mtpa on average) and is a key extension opportunity currently
under assessment.

Western Limb

The Western Limb of LLU mineralisation has returned some of the highest grade
WDU results to date and this continues to be the case. Mineralisation has been
confirmed over 700m in strike, averaging 10m wide and over 100m down dip to
date, and remains open to the north and south.

The following significant results were returned during the quarter:

§  27.0m @ 9.3 g/t Au & 0.15 % Cu (250 gm) from 495m (WUC4550104)

§  27.1m @ 3.2 g/t Au & 0.95 % Cu (88 gm) from 323m (WUC4550068)

§  15.8m @ 5.0 g/t Au & 0.23 % Cu (79 gm) from 332m (WUC4550087)

§  28.9m @ 2.4g/t Au & 0.24% Cu (68 gm) from 430m (WUC4550105)

§  30.1m @ 1.6 g/t Au & 0.48 % Cu (49 gm) from 368m (WUC4550084)

§  28m @ 1.8 g/t Au & 0.34% Cu (52gm) from 366m (WUC4550081) -
previously announced(2)

§  5.5m @ 3.6 g/t Au & 0.29% Cu (20gm) from 389m (WUC4550083) -
previously announced(2)

§  7.15m @ 2.3 g/t Au & 0.13% Cu (17gm) from 416m (WUC4550085) -
previously announced(2)

§  6.84m @ 2.28g/t Au & 0.25% Cu (16gm) from 447m (WUC4550092) -
previously announced(2)

Eastern Limb

The Eastern Limb mineralisation is hosted with the same LLU unit that has
hosted the Western Limb and has been defined over 500m in strike, 100m dip
extents and averaging 10m true width (Figure 5).

Increased mineralisation is now being identified in the Eastern Limb, with
recent results returning similar grades to those seen in the Western Limb.

The following significant results were returned during the quarter:

§  50.2m @ 2.8 g/t Au & 0.36 % Cu (140 gm) from 262.53m (WUC4550105)

§  8.5m @ 3.0 g/t Au & 0.16 % Cu (26 gm) from 213.85m (WUC4550104)

§  6.6m @ 1.9 g/t Au & 0.39% Cu (12gm) from 154m (WUC4550083) -
previously announced(2)

§  3.85m @ 4.1 g/t Au & 0.38% Cu (16gm) from 168m (WUC4550092) -
previously announced(2)

§  4.75m @ 1.7 g/t Au & 0.13% Cu (8gm) from 155m (WUC4550081) -
previously announced(2)

§  12.6m @ 1.4 g/t Au & 0.13% Cu (17.5gm) from 209.4m (WUC4550102) -
previously announced(2)

Note (2): Result reported in the announcement "West Dome Underground Project
Update
(https://app.sharelinktechnologies.com/announcement-preview/asx/8ae1edfcd6bfc1498cac81b65b8a6a7c)
" on 27 November 2025.

Figure 5: West Dome Underground "3D Isometric view" looking north

 

Figure 6: West Dome Underground Geological Section (looking north)

Regional Exploration

Greatland holds a significant portfolio of precious and base metals focused
exploration and development projects in Western Australia, the focus of which
is the Paterson region surrounding Telfer and Havieron.

Figure 7: Paterson region projects

 

In H1 FY26 Greatland advanced extension drilling at several known satellite
deposits on mining leases, within trucking distance of the Telfer processing
plant, and considers them to have potential to provide ore feed to Telfer.

The main targets tested to date are the South-East Hub, Thomsons deposit 16km
NE of the mill, Camp Dome deposit, ~16km north of the mill and the
O'Callaghans tungsten-copper polymetallic skarn deposit (Figure 7).

Work has also been completed targeting prospects within the Paterson South
project (the subject of a farm-in and joint venture arrangement between
Greatland Paterson South Pty Ltd and Rio Tinto Exploration Pty Limited (RTX),
under which Greatland is earning up to a 75% interest).

South-East Hub (SE Hub)

The SE Hub is located approximately 25km south-east of the Telfer Mine Site
and hosts a cluster of three known deposits (Big Tree, Dolphy and Ironclad)
that were historically reported as Mineral Resources by Telfer's previous
owner Newcrest Mining Limited, but have not been declared as Mineral Resources
by Greatland until adequate technical evaluation is conducted.

Drilling during the quarter has focused on testing for extensions down dip and
along strike of the Big Tree deposit (Figure 8).  Three of six planned
diamond holes have been completed and one is in progress, for a total of
1,197m drilling. Assay results have been received for two holes and partial
results for one.

Encouragingly, two holes drilled to the northeast and along strike of the
historic resource intersected shallow mineralisation down dip from historic
drilling.  The program is planned to recommence in the June 2026 quarter.

 

Highlights to date include:

§  5.38m @ 1.60g/t Au from 110.62m, including 0.25m @ 33.2g/t Au from
112.65m (BT25DD001)

§  25m @ 0.24g/t Au from 124m (BT25DD002)

Figure 8: Big Tree plan view showing 2025 drill traces, peak intercepts per
hole, historic mineralisation on Magnetics RTP image

 

Figure 9: Oblique section A showing results from hole BT25DD001 and historic
drilling

Figure 10: Oblique section B showing partial results from hole BT25DD002 and
historic drilling.

Thomsons

Thomsons is an historic deposit located approximately 14km northwest of Telfer
on the western limb of a tight overturned anticlinal structure with
mineralisation hosted in reef and stockworks analogous to Telfer Main and West
Dome deposits.  In September 2025, Greatland completed a seven hole drill
program aimed at testing for Telfer style stacked reef and stockwork
mineralisation beneath and along strike of shallow (<100m) historical
mineralisation.

Assay results for the remaining three drillholes of the program have been
received. The program has demonstrated potential for additional shallow
mineralisation along strike and down dip of historic drilling and has
identified a new high-grade east west oriented vein set that remains open
along strike and down dip.  The potential for stacked reef mineralisation at
depth has been downgraded.  These results will be used to refine the
geological interpretation to guide future exploration targeting.

Highlights from new results include:

§  0.6m @ 35.06g/t Au & 0.04% Cu from 478m (THO25RCD014)

§  2.9m @ 2.35g/t Au & 0.06% Cu from 318.4m (THO25DD013)

Figure 11: Thomsons plan view showing 2025 drill traces, gold intercepts from
2025 and historical drilling with Magnetics RTP background image. Section line
marked in red relates to Figure 12.

Figure 12: Oblique section A showing results from hole THO25RCD014 and
historic drilling

O'Callaghans (Tungsten-Copper Deposit)

The O'Callaghan's deposit is a tungsten, copper, lead, and zinc sulphide
deposit located approximately 10km south-southeast of the Telfer mine and a
globally significant high grade tungsten deposit outside of China, and has
historically been listed as both a Reserve and Mineral Resource by Telfer's
previous owner, but was not declared as either a Reserve or a Mineral Resource
by Greatland in its March 2025 update (four months post-acquisition of Telfer)
as technical evaluations to support such classifications had not been
completed at that time.

A 1,200m diamond drill hole was completed to advance the understanding of the
structural architecture and geology beneath the deposit.  The hole was
co-funded through the WA Government Exploration Incentive Scheme (EIS) and was
designed to test modelled magnetic anomalies and seismic reflectors beneath
the mineralised skarn.  The drilling has provided valuable geological and
structural information that will support ongoing interpretation and
exploration work.  Assay results from the program are pending.

Camp Dome

The Camp Dome prospect is a satellite copper-only oxide deposit located
approximately 20km north of the Telfer mine. The deposit was historically
reported as a Mineral Resource by Telfer's previous owner Newcrest Mining
Limited, but has not been declared as a Mineral Resource by Greatland until
adequate technical evaluation is conducted.

Drilling has commenced testing for extensions to primary copper mineralisation
below the oxide deposit. Two diamond holes and two pre-collars have been
completed for a total of 1,430m, partial assay results have received for two
holes.

Highlights to date include:

§  44.4 m @ 0.32% Cu & 0.01g/t Au from 412m (CD25RCD003)

§  7m @ 0.81% Cu & 0.02g/t Au from 106m (CD25DD002)

§  19.8m @ 0.32% Cu & 0.01g/t Au from 147.8m CD25DD002

Although preliminary, results to date have confirmed grade continuity through
the supergene and primary mineralisation models, a full review will be
conducted when remaining assay results have been received. The program has
been temporary placed on hold until the end of the wet season, and it is
anticipated to resume in the June 2026 quarter.

Figure 13: Camp Dome plan view showing 2025 drilling and peak copper
intercepts on RTP magnetics

Figure 14: Oblique section A showing results from hole CD25DD002, historic
drilling and copper mineralisation interpretations

Figure 15: Oblique section B showing results from hole CD25RCD003, historic
drilling and copper mineralisation interpretations

Pinnacles

The Pinnacles prospect is located approximately 1km southeast of the West Dome
open pit, along the trend of the West Dome anticline structure (Figure 7).

Drilling is currently underway targeting the western limb of the Lower Limey
Unit (LLU) unit, host to multiple ore bodies at Telfer's West Dome and Main
Dome open pits and undergrounds, 1km along strike from previous drilling.

Paterson South Farm-In & Joint Venture

The Paterson South Project consists of seven exploration tenements which cover
a combined area of 1,080km(2) (shown in Figure 7).

The Paterson South Project is the subject of a farm-in and joint venture
arrangement between Greatland Paterson South Pty Ltd and Rio Tinto Exploration
Pty Limited (RTX), a subsidiary of Rio Tinto Limited (ASX/LSE:RIO), to
accelerate exploration across the tenure in the Paterson region

Farm-In milestone

During the December quarter, Greatland completed the Stage 1 Farm-In by
spending $7.1 million and completing drilling of at least 7,500m in aggregate,
earning a 51% interest in the Paterson South Project tenements and forming an
unincorporated joint venture with RTX over that project (Greatland 51% :
RTX 49%).  Greatland is the joint venture manager.

RTX is currently considering whether to exercise its right to contribute to
its 51% share of future joint venture expenditure.  If RTX does not exercise
this right, Greatland intends to sole fund the Stage 2 Farm-In requirements,
allowing Greatland to earn up to a 75% joint venture interest.

Teague

RC and diamond drill (DD) testing of geological, magnetic and structural
targets at the Teague prospect (Figure 16) was completed, with 3 holes drilled
for 1,240.1m.

Drilling targeted an interpreted anticlinal fold structure which hosts
mineralisation further along strike to the northwest at the Triangle prospect
(Figure 16).  Three drill holes were completed in late 2024. Holes TRS002RCD
and TRS004RCD intersected zones of variably anomalous Au, Cu, Bi and As
mineralisation associated with brecciated, reef style quartz veining and
associated sericite, hematite and carbonate alteration. Three RC pre-collared
DD tailed holes were drilled to follow up this mineralisation.

Figure 16: Teague prospect, Triangle South; completed holes on reduced to pole
1st vertical derivative aeromagnetic image, with drill section lines in pink

Drilling successfully intersected similar style Au - Cu - As - Bi
mineralisation, associated with zones of massive to semi-massive pyrite rich
sulphide, with traces of arsenopyrite and chalcopyrite, observed within
sericite-carbonate altered, brecciated, stockwork quartz veined fine grained
sandstones.

Mineralised intercepts received to date include:

§  8m @ 1.30g/t Au from 241m (incl. 3m @ 3.11 g/t Au from 241m) (TRS007RCD)

§  15m @ 0.40g/t Au from 150m (incl. 4m @ 0.98g/t Au from 161m) (TRS007RCD)

§  3m @ 0.65g/t Au from 385m (incl. 1m @ 1.58g/t Au from 385m) (TRS005RCD)

Results from drillhole TRS006RCD are pending.

Further detailed interpretation of the lithogeochemistry, pathfinder
anomalism, geology and structure will be completed once all assays are
returned.

Follow up work will be planned for testing of the continuity and orientation
of the mineralised zones intersected to date, with over 500m of strike between
the two drill lines completed at Teague by Greatland (Figure 16).
Mineralisation is open down and up dip, and along strike to the northwest and
southeast.

(Figure 16).  Mineralisation is open down and up dip, and along strike to the
northwest and southeast.

Figure 17: Oblique section B showing results from hole TRS007RCD; interpreted
structures, anomalous assays and geology

Ernest Giles Project

Greatland's 100% owned Ernest Giles project (Figure 18) is located in the
Eastern Goldfields region of Western Australia, 250km northeast of Laverton.

Figure 18: Ernest Giles Project and Yamarna Belt location

Exploration work completed in 2025 was focused on the Meadows target area
situated in the south-east end of the Ernest Giles Greenstone belt.  The
diamond drilling component of the program was completed during the quarter,
with 11 holes for 2,195.8m, giving a total of 20 RC and RCD holes for 7,479.1m
over several target areas, within the Meadows prospect.

Encouraging anomalous gold intersections have been returned from the recently
completed DD tails and are being analysed. Results include:

§  9m @ 0.72g/t Au from 349m (EGD009) including;

-   3m @ 1.30 g/t Au from 349m; and

-   1m @ 2.43 g/t Au from 354m

Results for the last seven diamond core tails are still pending.

Mineralisation appears to be stratabound within ironstones (BIF) which dip at
~65(o) toward 025(o), matching the long axis of the IP anomaly and
approximating the magnetic trend (Figure 19).

It is likely that the drill line to the north did not intersect the
mineralised zone, as the zone is cut off by the younger cover sequence in hole
EGD011 on that line (Figure 19).  The zone is open up-dip and to the north
and south. Follow up drill plans will be confirmed once all assays have been
returned and interpreted.

Figure 19:1 Meadows Prospect - showing schematic identified mineralisation in
BIFs in EGD009 on prioritised DD tails, existing drilling, geology and IP
anomalies

Figure 20: Meadows prospect, oblique section B showing results from hole
EGD007-009; looking 335(o); interpreted structures, geophysical models,
anomalous assays and geology

 

Contact

 

For further information, please contact:

 

Greatland Resources Limited

Shaun Day, Managing Director  |  Rowan Krasnoff, Chief Development Officer

info@greatland.com.au (mailto:info@greatland.com.au)

 

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin  |  +44 203 368 3550

 

Corporate Brokers

Canaccord Genuity  |  James Asensio / George Grainger  |  +44 207 523 8000

RBC Capital Markets  |  James Agnew / Jamil Miah  |  Scott Redwood  |
+44 207 029 0528

 

Media Relations

Australia - Fivemark Partners  |  Michael Vaughan  |  +61 422 602 720

 

About Greatland

 

Greatland is a gold and copper mining company listed on the Australian
Securities Exchange and London Stock Exchange's AIM Market (ASX:GGP and
AIM:GGP) and operates its business from Western Australia.

 

The Greatland portfolio includes the 100% owned Telfer mine, the adjacent 100%
owned brownfield world-class Havieron gold-copper development project, and a
significant exploration portfolio within the surrounding region. The
combination of Telfer and Havieron provides for a substantial and long life
gold-copper operation in the Paterson Province in the East Pilbara region of
Western Australia.

 

Forward Looking Statements

This document includes forward looking statements and forward looking
information within the meaning of securities laws of applicable jurisdictions.
Forward looking statements can generally be identified by the use of words
such as "may", "will", "expect", "intend", "plan", "estimate", "anticipate",
"believe", "continue", "objectives", "targets", "outlook" and "guidance", or
other similar words and may include, without limitation, statements regarding
estimated reserves and resources, certain plans, strategies, aspirations and
objectives of management, anticipated production, study or construction dates,
expected costs, cash flow or production outputs and anticipated productive
lives of projects and mines.

These forward looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results, performance and
achievements or industry results to differ materially from any future results,
performance or achievements, or industry results, expressed or implied by
these forward-looking statements. Relevant factors may include, but are not
limited to, changes in commodity prices, foreign exchange fluctuations and
general economic conditions, increased costs and demand for production inputs,
the speculative nature of exploration and project development, including the
risks of obtaining necessary licences and permits and diminishing quantities
or grades of reserves, political and social risks, changes to the regulatory
framework within which Greatland operates or may in the future operate,
environmental conditions including extreme weather conditions, recruitment and
retention of personnel, industrial relations issues and litigation.

Forward looking statements are based on assumptions as to the financial,
market, regulatory and other relevant environments that will exist and affect
Greatland's business and operations in the future. Greatland does not give any
assurance that the assumptions will prove to be correct. There may be other
factors that could cause actual results or events not to be as anticipated,
and many events are beyond the reasonable control of Greatland. Forward
looking statements in this document speak only at the date of issue. Greatland
does not undertake any obligation to update or revise any of the forward
looking statements or to advise of any change in assumptions on which any such
statement is based.

Competent Persons Statement

 

Information in the report pertaining to Telfer Resource Development
exploration results has been reviewed and approved by Mr Michael Thomson, a
Member of the Australian Institute of Geoscientists (AIG), who has more than
20 years relevant industry experience.  Mr Thomson, an employee of the
Company, has sufficient experience relevant to the style of mineralisation,
type of deposit under consideration, and to the activity which he is
undertaking to qualify as a Competent Person as defined by the 2012 Edition
of the Australasian Code for Reporting of Exploration Results, Mineral
Resources and Ore Reserves (the JORC Code) and under the AIM Rules - Note for
Mining and Oil & Gas Companies, which outline standards of disclosure for
mineral projects.  Mr Thomson consents to the inclusion in this announcement
of the matters based on this information in the form and context in which it
appears.

Information in the report pertaining to Regional Exploration results has been
reviewed and approved by Mr Damien Stephens, a Member of the Australian
Institute of Mining and Metallurgy (AusIMM)), who has more than 30 years
relevant industry experience.  Mr Stephens, an employee of the Company, has
sufficient experience relevant to the style of mineralisation, type of deposit
under consideration, and to the activity which he is undertaking to qualify as
a Competent Person as defined by the 2012 Edition of the Australasian Code
for Reporting of Exploration Results, Mineral Resources and Ore Reserves (the
JORC Code) and under the AIM Rules - Note for Mining and Oil & Gas
Companies, which outline standards of disclosure for mineral projects.  Mr
Stephens consents to the inclusion in this announcement of the matters based
on this information in the form and context in which it appears.

Telfer Resource Development Drillhole Data and Au- Cu Significant
Intersections

 

Reporting Criteria: Intercepts reported are downhole drill width (not true
width) Au >0.5ppm (0.5g/t Au) and minimum 1m downhole width with maximum
consecutive internal dilution of 5m. Average grades are based on
length-weighting of samples grade, and only those intercepts with a gram
metres (Au_ppm x length) above 10 gram metres have been reported. Gold and
copper grades are reported to two significant figures, the downhole lengths
are rounded to 0.1m which may cause some apparent discrepancies in interval
widths. Underground samples are from core drilling which is NQ2 in diameter
while open pit samples are from reverse circulation (RC) drilling.

 

Regional Exploration Drillhole Data and Au- Cu Significant Intersections

 

Reporting Criteria: Intercepts reported are downhole drill width (not true
width) Au >0.2ppm (0.2g/t Au) for Telfer near mine exploration (Telfer
Expl.)  and Au >0.1 g/t Au for other projects and minimum 0.1m downhole
width with maximum consecutive internal dilution of 5m. Average grades are
based on length-weighting of samples grade, and only those intercepts with a
gram metres (Au_ppm x length) above 1 gram metres have been reported. Gold and
copper grades are reported to two significant figures, the downhole lengths
are rounded to 0.1m which may cause some apparent discrepancies in interval
widths. Samples are from RC and diamond drilling both HQ and NQ diameter.

 

Intercepts reported for Camp Dome are downhole drill width (not true width) Cu
>0.3% Cu and minimum 0.1m downhole width with maximum consecutive internal
dilution of 5m. Average grades are based on length-weighting of samples grade,
and only those intercepts with widths a percent (%) metre (Cu % x length)
above 3% metres have been reported.

 

Table 1: Telfer Resource Development significant intercepts & drilling
data (Mine Grid)

 Area       HOLEID       EAST   NORTH  RL    Depth  Dip  Azimuth  From   Too    Width  Au ppm  Cu pct  Au (GM)
 WDU        WUC4550068   13072  58783  4421  391    9    273      323.0  350.1  27.1   3.23    0.95    88
 WDU        WUC4550068   13072  58783  4421  391    9    273      157.8  186.0  28.2   1.00    0.10    28
 WDU        WUC4550068   13072  58783  4421  391    9    273      239.0  249.8  10.8   1.54    0.11    17
 WDU        WUC4550081   13067  58782  4421  412    14   273      155.0  159.8  4.8    1.68    0.13    8
 WDU        WUC4550081   13067  58782  4421  412    14   273      309.0  333.0  24.0   1.18    0.09    28
 WDU        WUC4550081   13067  58782  4421  412    14   273      341.0  369.0  28.0   1.85    0.35    52
 WDU        WUC4550082   13065  58782  4422  398    9    268      233.5  243.0  9.5    1.37    0.05    13
 WDU        WUC4550082   13065  58782  4422  398    9    268      337.0  361.0  24.0   1.99    1.61    48
 WDU        WUC4550083   13066  58782  4421  466    17   268      154.7  161.3  6.7    1.88    0.39    12
 WDU        WUC4550083   13066  58782  4421  466    17   268      391.6  397.2  5.5    3.66    0.28    20
 WDU        WUC4550083   13066  58782  4421  466    17   268      335.0  391.6  56.6   2.28    1.23    129
 WDU        WUC4550084   13066  58782  4421  422    18   272      368.0  398.1  30.1   1.64    0.48    49
 WDU        WUC4550085   13067  58782  4421  447    23   272      416.0  423.2  7.15   2.32    0.13    17
 WDU        WUC4550085   13067  58782  4421  447    23   272      334.0  400.5  66.5   1.17    0.16    78
 WDU        WUC4550087   13059  58783  4422  427    13   264      332.0  347.8  15.8   5.01    0.23    79
 WDU        WUC4550087   13059  58783  4422  427    13   264      166.0  182.0  16.0   1.39    0.30    22
 WDU        WUC4550087   13059  58783  4422  427    13   264      311.0  319.0  8.0    2.60    0.07    21
 WDU        WUC4550087   13059  58783  4422  427    13   264      279.5  280.7  1.2    14.81   0.00    17
 WDU        WUC4550087   13059  58783  4422  427    13   264      385.0  387.3  2.3    4.95    0.17    11
 WDU        WUC4550092   13053  58783  4421  535    21   264      167.8  171.6  3.8    4.13    0.38    16
 WDU        WUC4550092   13053  58783  4421  535    21   264      440.2  447.1  6.8    2.28    0.26    16
 WDU        WUC4550092   13053  58783  4421  535    21   264      358.0  440.2  82.2   1.9     0.31    156
 WDU        WUC4550098   13044  58783  4422  450    8    251      322.5  335.7  13.2   0.91    0.03    12
 WDU        WUC4550098   13044  58783  4422  450    8    251      375.0  407.0  32     1.0     0.06    32
 WDU        WUC4550098   13044  58783  4422  450    8    251      344.0  349.0  5.0    5.67    0.01    28
 WDU        WUC4550102   13036  58784  4422  509    8    250      405.0  434.0  29.0   2.00    0.01    58
 WDU        WUC4550102   13036  58784  4422  509    8    250      350.0  361.6  11.6   2.97    1.13    34
 WDU        WUC4550102   13036  58784  4422  509    8    250      209.4  222.0  12.6   1.39    0.13    17
 WDU        WUC4550103   13036  58784  4422  553    16   252      238.0  253.0  15.0   3.41    0.11    51
 WDU        WUC4550103   13036  58784  4422  553    16   252      294.4  296.0  1.6    13.20   0.01    21
 WDU        WUC4550104   13037  58783  4422  539    20   252      426.7  482.0  55.3   7.44    0.43    411
 WDU        WUC4550104   13037  58783  4422  539    20   252      495.0  522.0  27.0   9.25    0.15    250
 WDU        WUC4550104   13037  58783  4422  539    20   252      213.9  222.3  8.5    3.04    0.16    26
 WDU        WUC4550104   13037  58783  4422  539    20   252      403.2  420.0  16.8   0.96    0.13    16
 WDU        WUC4550105   13037  58783  4422  506    11   251      262.5  312.7  50.2   2.78    0.36    140
 WDU        WUC4550105   13037  58783  4422  506    11   251      430.0  458.9  28.9   2.35    0.24    68
 WDU        WUC4550105   13037  58783  4422  506    11   251      320.0  326.0  6.0    1.87    0.07    11
 WDU        WUC4550109   13031  58783  4422  542    7    241      416.0  465.1  49.1   1.45    0.09    71
 WDU        WUC4550109   13031  58783  4422  542    7    241      470.7  473.0  2.3    8.56    0.10    20
 Main Dome  MUC4540086   11815  60394  4558  120    -44  172      49.0   98.8   49.8   1.20    0.07    60
 Main Dome  MUC4540093   11818  60387  4559  85     -60  8        28.0   45.0   17.0   3.07    0.09    52
 Main Dome  MUC4540096   11857  60350  4557  86     -43  272      28.0   50.1   22.1   1.78    0.31    39
 Main Dome  MUC4540090   11821  60388  4558  110    -63  316      67.0   97.0   30.0   1.27    0.13    38
 Main Dome  MUC4540090   11821  60388  4558  110    -63  316      34.0   38.0   4.0    8.88    0.59    36
 Main Dome  MUC4540083   11826  60391  4555  170    -7   41       0.0    9.7    9.7    3.55    0.34    34
 Main Dome  MUC4540076   11865  60295  4549  56     -72  103      26.0   36.0   10.0   2.89    0.87    29
 Main Dome  MUC4540078   11860  60286  4549  100    -63  192      8.3    28.2   19.9   1.35    0.62    27
 Main Dome  MUC4540095   11858  60353  4559  80     -83  285      70.0   77.5   7.5    3.48    1.04    26
 Main Dome  MUC4540084   11826  60392  4555  42     -6   71       0.7    11.8   11.1   2.29    0.05    25
 Main Dome  MUC4540093   11818  60387  4559  85     -60  8        51.0   61.3   10.3   2.27    0.12    23
 Main Dome  MUC4540094   11852  60357  4558  80     -79  296      26.3   34.0   7.7    2.69    0.38    21
 Main Dome  MUC4540098a  11854  60375  4557  105    -29  326      38.0   51.0   13.0   1.55    0.66    20
 Main Dome  MUC4540097   11859  60353  4559  80     -79  63       23.0   29.3   6.3    3.06    0.56    19
 Main Dome  MUC4540091   11819  60387  4559  77     -62  265      38.0   42.0   4.0    4.80    2.12    19
 Main Dome  MUC4540101   11838  60381  4559  64     -67  28       28.7   39.3   10.6   1.73    0.06    18
 Main Dome  MUC4540085   11827  60391  4557  84     -43  29       66.0   84.2   18.2   0.96    0.25    18
 Main Dome  MUC4540090   11821  60388  4558  110    -63  316      101.0  105.0  4.0    3.75    0.22    15
 Main Dome  MUC4540098a  11854  60375  4557  105    -29  326      87.6   99.2   11.6   1.21    0.02    14
 Main Dome  MUC4540095   11858  60353  4559  80     -83  285      23.0   30.0   7.0    1.79    0.57    13
 Main Dome  MUC4540086   11815  60394  4558  120    -44  172      105.0  120.0  15.0   0.78    0.11    12
 Main Dome  MUC4540076   11865  60295  4549  56     -72  103      7.1    15.1   7.9    1.47    0.28    12
 Main Dome  MUC4641017   11267  60291  4642  60     23   36       23.7   24.4   0.7    25.37   3.38    18
 Main Dome  MUC4641017   11267  60291  4642  60     23   36       49.5   56.8   7.4    1.48    0.44    11
 Main Dome  MUC4641018   11266  60291  4643  53     23   95       20.9   21.7   0.9    78.11   7.23    66
 Main Dome  MUC4648002   11246  60264  4649  74     30   100      67.9   72.0   4.1    2.95    0.12    12
 Main Dome  MUC4654021   11422  60133  4698  175    48   186      78.0   80.0   2.0    5.86    0.01    12
 Main Dome  MUC4681006   11655  60173  4684  90     23   33       86.9   88.0   1.1    54.67   0.13    60
 Main Dome  MUC4681009   11655  60173  4684  96     16   24       0.0    1.0    1.0    19.04   0.80    19
 Main Dome  MUC4681009   11655  60173  4684  96     16   24       76.8   77.8   1.0    19.61   1.19    19
 Main Dome  MUC4848027   11121  61031  4856  65     -42  85       45.0   53.0   8.0    6.65    0.88    53
 Main Dome  MUC4848029   11118  61031  4856  65     -58  99       20.0   49.0   29.0   1.67    0.28    48
 Main Dome  MUC4848021   11108  61027  4857  75     -84  273      34.0   64.0   30.0   1.53    0.11    46
 Main Dome  MUC4848026   11120  61027  4857  60     -86  87       28.0   57.0   29.0   1.47    0.12    43
 Main Dome  MUC4848003   11036  61016  4857  90     -38  125      74.0   81.0   7.0    5.91    0.55    41
 Main Dome  MUC4848024   11108  61030  4855  60     -38  90       52.0   59.1   7.1    5.76    2.38    41
 Main Dome  MUC5066061   11110  61115  5057  210    76   266      161.1  175.0  13.9   2.82    1.07    39
 Main Dome  MUC4848030   11127  61029  4857  70     -82  278      29.0   50.0   21.0   1.56    0.11    33
 Main Dome  MUC4848007   11081  61023  4856  68     -80  297      53.4   67.0   13.6   2.32    0.17    32
 Main Dome  MUC4848012   11077  61024  4856  70     -72  280      50.3   69.0   18.7   0.95    0.21    18
 Main Dome  MUC4848031   11139  61028  4857  70     -82  275      38.0   45.0   7.0    2.24    0.14    16
 Main Dome  MUC4848031   11139  61028  4857  70     -82  275      52.4   70.0   17.6   0.81    0.11    14
 Main Dome  MUC4848007   11081  61023  4856  68     -80  297      36.0   38.2   2.2    5.46    0.05    12
 Main Dome  MUC4848024   11108  61030  4855  60     -38  90       30.0   31.0   1.0    10.38   0.09    10
 Main Dome  MUC4848004   11040  61012  4858  67     -70  290      53.0   66.0   13.0   0.78    0.05    10
 West Dome  WR28748      12882  58057  5524  308    63   53       273.0  308.0  35.0   4.76    0.30    167
 West Dome  WR24227      12421  58500  5503  240    90   326      168.0  190.0  22.0   2.95    0.33    65
 West Dome  WR27230      12726  58448  5204  192    57   211      10.0   59.0   49.0   0.95    0.09    47
 West Dome  WR24226      12423  58474  5505  258    90   357      146.0  184.0  38.0   1.09    0.27    42
 West Dome  WR39551      13950  58851  5504  210    79   95       147.0  192.0  45.0   0.91    0.07    41
 West Dome  WR39552      13960  58883  5496  216    75   94       121.0  162.0  41.0   0.99    0.02    41
 West Dome  WR25707      12573  58140  5523  414    56   74       403.0  414.0  11.0   3.23    0.10    36
 West Dome  WR39219      13923  58886  5496  240    82   270      159.0  201.0  42.0   0.84    0.21    35
 West Dome  WR40079      14008  58852  5496  240    84   96       166.0  202.0  36.0   0.97    0.24    35
 West Dome  WR39554      13951  58787  5505  204    76   95       58.0   78.0   20.0   1.63    0.07    33
 West Dome  WR30777      13071  58251  5315  156    90   177      98.0   108.0  10.0   3.14    0.12    31
 West Dome  WR31281      13124  58391  5251  125    89   127      1.0    6.0    5.0    5.98    0.28    30
 West Dome  WR38554      13872  58811  5504  150    70   273      88.0   90.0   2.0    12.15   0.47    24
 West Dome  WR27595      12753  58415  5204  120    78   272      28.0   66.0   38.0   0.63    0.07    24
 West Dome  WR40737      14076  58814  5497  258    68   95       168.0  210.0  42.0   0.55    0.02    23
 West Dome  WR38230      13821  58797  5504  135    90   170      64.0   77.0   13.0   1.77    0.06    23
 West Dome  WR31766      13170  58284  5306  184    75   94       44.0   48.0   4.0    5.41    0.07    22
 West Dome  WR31169      13107  58311  5289  183    74   360      85.0   104.0  19.0   1.12    0.09    21
 West Dome  WR40736      14071  58849  5504  252    73   101      167.0  187.0  20.0   1.03    0.03    21
 West Dome  WR38555      13869  58772  5504  60     74   273      26.0   57.0   31.0   0.66    0.01    21
 West Dome  WR33156      13310  58327  5301  150    63   18       58.0   79.0   21.0   0.95    0.06    20
 West Dome  WR33157      13309  58327  5301  150    81   358      49.0   63.0   14.0   1.40    0.04    20
 West Dome  WR39226      13928  59106  5504  180    57   274      27.0   33.0   6.0    3.26    0.00    20
 West Dome  WR38228      13824  58851  5504  200    90   353      166.0  190.0  24.0   0.75    0.06    18
 West Dome  WR39555      13947  58771  5505  222    68   95       122.0  138.0  16.0   1.10    0.12    18
 West Dome  WR31766      13170  58284  5306  184    75   94       96.0   115.0  19.0   0.90    0.02    17
 West Dome  WR33156      13310  58327  5301  150    63   18       43.0   48.0   5.0    3.41    0.02    17
 West Dome  WR41053      14102  58866  5497  230    55   96       160.0  162.0  2.0    8.50    0.28    17
 West Dome  WR41242      14126  58843  5496  246    56   93       106.0  127.0  21.0   0.77    0.03    16
 West Dome  WR28575      12846  58714  5411  390    73   275      130.0  144.0  14.0   1.14    0.01    16
 West Dome  WR39058      13903  58883  5504  240    79   94       198.0  218.0  20.0   0.79    0.18    16
 West Dome  WR39227      13928  59107  5504  180    78   277      110.0  114.0  4.0    3.91    0.01    16
 West Dome  WR28752      12874  58811  5420  190    73   284      60.0   68.0   8.0    1.92    0.01    15
 West Dome  WR25050      12511  58202  5521  432    74   79       214.0  221.0  7.0    2.12    0.13    15
 West Dome  WR25117      12516  58197  5522  400    75   73       384.0  398.0  14.0   1.05    0.04    15
 West Dome  WR28264      12821  58680  5408  330    76   290      268.0  287.0  19.0   0.77    0.01    15
 West Dome  WR39553      13950  58786  5505  222    84   91       34.0   40.0   6.0    2.42    0.01    15
 West Dome  WR39552      13960  58883  5496  216    75   94       43.0   52.0   9.0    1.58    0.02    14
 West Dome  WR41243      14123  58810  5496  300    73   103      224.0  239.0  15.0   0.94    0.10    14
 West Dome  WR40226      14021  58866  5497  204    90   260      163.0  187.0  24.0   0.58    0.03    14
 West Dome  WR26305      12633  58100  5524  330    66   80       256.0  264.0  8.0    1.72    0.58    14
 West Dome  WR27911      12801  58677  5406  366    74   293      239.0  247.0  8.0    1.71    0.26    14
 West Dome  WR41053      14102  58866  5497  230    55   96       66.0   84.0   18.0   0.76    0.03    14
 West Dome  WR33250      13319  58346  5300  180    90   311      50.0   75.0   25.0   0.54    0.04    14
 West Dome  WR40557      14054  58817  5497  233    84   101      218.0  233.0  15.0   0.90    0.02    14
 West Dome  WR25050      12511  58202  5521  432    74   79       309.0  316.0  7.0    1.92    0.04    13
 West Dome  WR39735      13977  58778  5504  258    81   97       72.0   85.0   13.0   1.03    0.04    13
 West Dome  WR30777      13071  58251  5315  156    90   177      53.0   64.0   11.0   1.19    0.09    13
 West Dome  WR28752      12874  58811  5420  190    73   284      142.0  146.0  4.0    3.16    0.14    13
 West Dome  WR33250      13319  58346  5300  180    90   311      37.0   42.0   5.0    2.50    0.26    12
 West Dome  WR38058      13800  58810  5504  160    65   273      80.0   90.0   10.0   1.24    0.04    12
 West Dome  WR30628      13062  58305  5285  190    71   360      109.0  121.0  12.0   1.03    1.00    12
 West Dome  WR38716      13899  58924  5497  144    59   100      90.0   107.0  17.0   0.72    0.02    12
 West Dome  WR38716      13899  58924  5497  144    59   100      36.0   44.0   8.0    1.47    0.00    12
 West Dome  WR30628      13062  58305  5285  190    71   360      80.0   96.0   16.0   0.73    0.09    12
 West Dome  WR40907      14099  58855  5497  234    69   101      143.0  155.0  12.0   0.96    0.02    12
 West Dome  WR41053      14102  58866  5497  230    55   96       131.0  149.0  18.0   0.64    0.01    11
 West Dome  WR40076      13998  58850  5496  180    76   271      114.0  130.0  16.0   0.71    0.15    11
 West Dome  WR40557      14054  58817  5497  233    84   101      16.0   28.0   12.0   0.92    0.00    11
 West Dome  WR39555      13947  58771  5505  222    68   95       184.0  202.0  18.0   0.61    0.07    11
 West Dome  WR28264      12821  58680  5408  330    76   290      254.0  262.0  8.0    1.37    0.36    11
 West Dome  WR39056      13897  58784  5505  210    77   97       197.0  203.0  6.0    1.81    3.15    11
 West Dome  WR25117      12516  58197  5522  400    75   73       214.0  219.0  5.0    2.10    0.07    11
 West Dome  WR30628      13062  58305  5285  190    71   360      33.0   49.0   16.0   0.65    0.05    10
 West Dome  WR26306      12633  58101  5524  330    77   81       290.0  298.0  8.0    1.29    0.06    10
 West Dome  WR40076      13998  58850  5496  180    76   271      68.0   72.0   4.0    2.58    0.03    10
 West Dome  WR27230      12726  58448  5204  192    57   211      2.0    4.0    2.0    5.14    0.03    10

 

Table 2: Regional Exploration significant intercepts & drilling data (GDA
2020 zone 51)

 Area          HOLEID     EAST                    NORTH    RL         Depth  Dip    Azimuth  From  Too     Width   Au ppm  Cu pct  Au (GM)  Area
 Telfer Expl.  Big Tree   BT25DD001               435,188  7,579,817  290    294    -69      210   110.62  116     5.38    1.6     0.01     8.61
 Telfer Expl.  Big Tree   BT25DD001               435,188  7,579,817  290    294    -69      210   112.65  112.9   0.25    33.2    0.01     8.3

                          *including
 Telfer Expl.  Big Tree   BT25DD001               435,188  7,579,817  290    294    -69      210   123     124     1       1.82    0        1.82
 Telfer Expl.  Big Tree   BT25DD002               435,583  7,579,726  279    348    -73      205   124     149     25      0.24    0.01     6
 Telfer Expl.  Big Tree   BT25DD002               435,583  7,579,726  279    348    -73      205   137     137.6   0.6     1.78    0.05     1.07
 Telfer Expl.  Big Tree   BT25DD002               435,583  7,579,726  279    348    -73      205   148.7   149     0.3     2.8     0.01     0.84
 Telfer Expl.  Big Tree   BT25DD004               436,306  7,579,207  280    450    -56      20    97.8    98.1    0.3     3.36    0.12     1.01
 Telfer Expl.  Big Tree   BT25DD004               436,306  7,579,207  280    450    -56      20    138.5   145.1   6.6     0.55    0.07     3.63
 Telfer Expl.  Big Tree   BT25DD004               436,306  7,579,207  280    450    -56      20    144.2   145.1   0.9     3.36    0.09     3.02

                          *including
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   196.8   197.1   0.3     3.8     0.01     1.14
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   255     263.05  8.05    0.25    0.1      2.01
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   255.6   256.1   0.5     2.59    0.06     1.3
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   311.5   311.7   0.2     4.98    0.01     1
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   318.4   321.3   2.9     2.35    0.06     6.82
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   348.8   353.4   4.6     0.3     0.15     1.38
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   377.1   386.9   9.8     0.41    0.03     4.02
 Telfer Expl.  Thomsons   THO25DD013              408,295  7,609,326  281    404    -58      127   379.8   380.35  0.55    2.58    0.13     1.42

                          *including
 Telfer Expl.  Thomsons   THO25RCD014             408,515  7,609,849  276    510    -57      284   66      70      4       0.47    0.01     1.88
 Telfer Expl.  Thomsons   THO25RCD014             408,515  7,609,849  276    510    -57      284   385     385.5   0.5     6.03    0.01     3.02
 Telfer Expl.  Thomsons   THO25RCD014             408,515  7,609,849  276    510    -57      284   437.98  438.22  0.24    6.85    0.01     1.64
 Telfer Expl.  Thomsons   THO25RCD014             408,515  7,609,849  276    510    -57      284   478.08  478.7   0.62    35.06   0.04     21.74
 Telfer Expl.  Camp Dome  CD25DD002               416,970  7,612,402  270    676    -55      43    106     113     7       0.02    0.81     0.14
 Telfer Expl.  Camp Dome  CD25DD002               416,970  7,612,402  270    676    -55      43    147.8   167.6   19.8    0.01    0.32     0.2
 Telfer Expl.  Camp Dome  CD25RCD003              417,198  7,612,213  269    586    -60      205   412.8   457.2   44.4    0.01    0.32     0.44
 Telfer Expl.  Camp Dome  CD25RCD003              417,198  7,612,213  269    586    -60      205   547.1   556.05  8.95    0.02    0.39     0.18
 Pat Sth JV    Teague     TRS005RCD               451,783  7,588,638  255    138    -65      210   385     388     3       0.65    .01      1.95
 Pat Sth JV    Teague     TRS006RCD               451,539  7,588,286  245    204    -60      30    Diamond tail assays awaited
 Pat Sth JV    Teague     TRS007RCD               452,046  7,588,048  247    150    -60      30    130     139     9       0.2     0.02     1.8
 Pat Sth JV    Teague     TRS007RCD               452,046  7,588,048  247    150    -60      30    150     165     15      0.4     0.01     6
 Pat Sth JV    Teague     TRS007RCD *including    452,046  7,588,048  247    150    -60      30    161     165     4       0.98    0.01     3.92
 Pat Sth JV    Teague     TRS007RCD               452,046  7,588,048  247    150    -60      30    241     249     8       1.3     0.01     10.4
 Pat Sth JV    Teague     TRS007RCD *including    452,046  7,588,048  247    150    -60      30    241     244     3       3.11    0.02     9.33
 Pat Sth JV    Atlantis   25ATL002RCD             455590   7620615    314    657.2  -80      180   502     505     3       0.52    0.00     1.56
 Pat Sth JV    Atlantis   25ATL002RCD *including  455590   7620615    314    657.2  -80      180   504     505     1       1.32    0.00     1.32
 Pat Sth JV    Atlantis   25ATL003RCD             455661   7621672    327    120    -80      180   Diamond tail not assayed
 Ernest Giles  Meadows    EGD009                  601,386  7,015,985  490    246    -65      248   349     358     9       0.72    0.01     6.48
 Ernest Giles  Meadows    EGD009 *including       601,386  7,015,985  490    246    -65      248   349     352     3       1.30    0.00     3.9
 Ernest Giles  Meadows    EGD009 *including       601,386  7,015,985  490    246    -65      248   357     358     1       2.43    0.01     2.43

 

JORC 2012 Table 1 Telfer Resource Development: Section 1 - Sampling Techniques
and Data

 Criteria                                                 Commentary
 Sampling techniques                                      Resource definition drilling at Telfer involves a combination of reverse
                                                          circulation (RC) and diamond drilling throughout the mining period. For
                                                          diamond drilling, samples are taken according to lithological boundaries, with
                                                          geologists defining sample intervals and selecting the assay methodology.
                                                          Historically, high-grade reef samples were sent for screen fire assay, while
                                                          other samples underwent fire assay for gold and additional elements.

                                                          Core sizes for resource drilling usually range from NQ to PQ, while smaller
                                                          sizes (NQ or LTK60) are used for grade control. Diamond drilling typically
                                                          samples lithological units with lengths between 0.2 to 1.2 meters, with
                                                          1-meter intervals being most common and they are barcoded and submitted for
                                                          laboratory analysis.

                                                          Historically, RC drilling typically produces 1-meter samples, from which a 2-5
                                                          kg sub-sample is taken using a riffle splitter, then pulverised for gold
                                                          assay. Earlier RC drilling involved samples from 0.5-meter to 2-meter
                                                          intervals, with the small intervals were used to target reefs. Recent RC
                                                          drilling for resource definition uses 1-meter intervals and split using cone
                                                          splitter from which a 2-5 kg sub-sample is taken with bulk reject material
                                                          stored temporarily. While grade control uses 2-meter intervals and split using
                                                          cone splitter. All RC drilling has field duplicates conducted at a 1:20 ratio.

                                                          Rock chip samples, collected manually from exposed development faces, are
                                                          typically 2-3 kg, collected perpendicular to bedding, and include all relevant
                                                          domains (reef, hanging wall, footwall). These samples are stored in
                                                          pre-numbered bags for analysis.
 Drilling techniques                                      Drilling at the Telfer has evolved over time, following industry-standard
                                                          protocols. Before 1998, drilling targeted mainly previously mined areas, while
                                                          from 1998 to 2002, diamond drilling formed the primary data source for current
                                                          Mineral Resource estimates, supplemented by RC drilling. Currently, RC
                                                          drilling is the primary data source for the open pit resources and diamond
                                                          drilling for underground resources.

                                                          Currently, NQ2 is the dominant drill size for diamond drilling and RC Drilling
                                                          is drilled with a pre-collar of 143mm then reduced to 134mm diameter.

                                                          Additional core sizes, including NQ, HQ, HQ3, LTK60, and limited PQ and BQ,
                                                          have also been used at Telfer. LTK60 and BQ have mainly been used for grade
                                                          control.  The Reflex orientation tool is used by drillers, with all core
                                                          being oriented using Ezy-Mark to mark the bottom of the hole. The core is then
                                                          re-constructed in V-Rail, where the orientation line is drawn along the core
 Drill sample recovery                                    Core recovery data from diamond drilling is systematically recorded by
                                                          comparing drillers' depth blocks with database records and is stored in the
                                                          geological database. If excessive core loss occurs, a wedge hole is often
                                                          drilled to recover the lost interval. A review in 2019 confirmed no
                                                          significant relationship between sample recovery and grade for either core or
                                                          RC samples, with high core recovery minimising potential loss effects.
                                                          Following the review, weighing each RC sample at the rig was implemented to
                                                          ensure consistent sample support in resource estimation.
 Logging                                                  Geological logging is conducted for all diamond and reverse circulation (RC)
                                                          drill holes, capturing lithology, alteration, mineralisation, veining, and
                                                          structure (for diamond core). Diamond drill holes are also quantitatively
                                                          logged for veining, vein percentage, and structure. All drill core is
                                                          photographed before sampling, using either slide film or digital cameras.
                                                          Logged data is validated before merging into the database, which contains over
                                                          1,000 km of logged geology, covering approximately 80% of total drilling. Rock
                                                          Quality Designation (RQD) is routinely recorded, with around 900 diamond holes
                                                          geotechnically assessed. The level of logging detail is appropriate for
                                                          resource estimation and related studies.
 Sub-sampling techniques and sample preparation           Sampling and quality control procedures are designed for the material being
                                                          tested. Geologists define sample intervals to avoid crossing key lithological
                                                          contacts and select appropriate assay methods. Diamond core is typically
                                                          sampled as half-core, while RC samples are collected dry, with conditions
                                                          recorded. Since 2015, cone splitters have replaced riffle splitters for RC
                                                          sampling, with field duplicates taken at a 1:20 ratio.

                                                          Core samples are processed through drying, crushing, and pulverising, with
                                                          historical standards requiring 90% passing 75 µm. Older RC drilling used
                                                          0.5-2 m intervals, while recent resource definition drilling follows 1 m
                                                          intervals (2 m for grade control), with a 5 kg primary split collected.

                                                          Samples are prepared at the Telfer lab, where they are crushed, sub-split, and
                                                          pulverised to 95% passing 106 µm. Gold is analysed via 30 g fire assay, while
                                                          base metals, sulphur, and arsenic are tested by ICP. Cyanide-soluble copper is
                                                          determined by bottle roll leach with AAS analysis. To ensure accuracy, 1 in 20
                                                          samples undergo external lab verification.
 Quality of assay data and laboratory tests               Assay and quality control protocols at the Telfer deposit have evolved to
                                                          align with industry standards. Before 1998, quality control procedures
                                                          followed industry norms of the time, with no major concerns identified. From
                                                          1998 onwards, protocols were enhanced, particularly during prefeasibility and
                                                          feasibility studies conducted between 1998 and 2002.

                                                          Samples are primarily prepared at the Telfer laboratory and then sent to
                                                          external commercial labs for analysis. Currently, all resource definition
                                                          samples have been assayed through a combination of the Telfer Laboratory and
                                                          the Bureau Veritas (BV) Commercial Lab in Perth and all grade control samples
                                                          have been sent through Telfer Laboratory. Gold is analysed using fire assay,
                                                          while multi-element analyses-including silver, arsenic, bismuth, copper, iron,
                                                          nickel, lead, sulphur, and zinc-are conducted using ICP techniques.
                                                          Cyanide-soluble copper is assessed via bottle roll leach with AAS analysis.
                                                          Since 1998, comprehensive quality control measures have been in place,
                                                          including the use of Certified Reference Materials (CRMs), blanks, duplicate
                                                          assays, blind pulp re-submissions and checks at independent laboratories.
                                                          Matrix-matched CRMs were introduced in 1999, and transition to multi client
                                                          CRMs in 2018.  Since 2000, Telfer's laboratory was managed by commercial
                                                          organisations until Telfer re-opening in 2002 has been managed by Newcrest and
                                                          now, Greatland.

                                                          Regular reviews of Quality Assurance and Quality Control (QAQC) procedures,
                                                          including sample resubmissions and bias assessments, help ensure data accuracy
                                                          and reliability. Monthly reports document any anomalies, with corrective
                                                          actions taken as needed. Comparison studies, including analyses of duplicate
                                                          pulp samples sent to external laboratories, confirm data precision, with a 90%
                                                          repeatability rate. The QAQC protocols and assay techniques used are
                                                          considered reliable for Mineral Resource estimation.

                                                          During the 2002 feasibility study, 13,570 pulp duplicate samples were
                                                          dispatched from the Telfer preparation laboratory for analysis at a check
                                                          laboratory.  Insignificant bias was identified between the original and check
                                                          laboratories for gold (-0.8%) and copper (0.5%).
 Verification of sampling and assaying                    Drill hole data is securely stored in an acQuire database, with stringent
                                                          controls to ensure data integrity and prevent errors or duplication. Data
                                                          collection, including collar coordinates, drill hole designation, logging, and
                                                          assaying, follows strict protocols to maintain accuracy. Validation involves
                                                          multiple stages, with input from geologists, surveyors, assay laboratories,
                                                          and down-hole surveyors where applicable.

                                                          Data entry has evolved from manual methods to direct digital input,
                                                          incorporating automated validation checks. Internal and external reviews
                                                          further enhance data quality before resource estimation. Resource data is
                                                          managed daily by site geologists, with additional verification by a
                                                          centralised resource team.

                                                          Sampling details are recorded digitally, utilising barcode and tracking
                                                          systems to monitor sample integrity throughout the process. Recent drilling
                                                          programs employ numbered bags for tracking consistency. Regular audits of both
                                                          internal and commercial laboratories ensure compliance with quality standards.
                                                          No assay data adjustments have been made in the Mineral Resource estimate.
 Location of data points                                  Mining operations at Telfer Gold Mine adhere to periodic reporting
                                                          requirements for the WA Department of Mines, Industry Regulation and Safety
                                                          (DMIRS), using the MGA94/AHD coordinate system for official submissions.
                                                          However, site operations utilise the Telfer Mine Grid (TMG) and Telfer Height
                                                          Datum (THD), requiring coordinate transformations between the national and
                                                          operational coordinate systems.

                                                          This has been supplied by AAM Surveys in 1995 (AMG84 to Telfer Mine Grid) and
                                                          AAMHATCH in February 2007 (Telfer Mine Grid to MGA Transformation). Both
                                                          reports also addressed the height datum and in 2007 established the THD=AHD +
                                                          5193.7m.

                                                          A local grid covers the whole of the Telfer mine area (Telfer Mine Grid 2002).
                                                          It is oriented with grid north at 44o03'12' west of magnetic north.

                                                          Topographic control is maintained through a combination of surface and aerial
                                                          surveys, with routine updates for pits and underground voids. Drill hole
                                                          collars are surveyed upon completion by mine surveyors. The natural surface
                                                          topography, along with current pit surveys and underground voids (development,
                                                          stopes and vertical openings) are used to deplete the resources and account
                                                          for changes in mining areas at Telfer.

                                                          Downhole survey methods have evolved over time, progressing from early
                                                          single-shot cameras to modern electronic tools. Currently, drilling programs
                                                          include multi-shot surveys at regular intervals, with post-completion surveys
                                                          conducted at finer resolutions. Specific drilling campaigns may incorporate
                                                          gyroscopic surveys where required. Routine in-pit drilling, particularly for
                                                          pre-production and grade control, typically excludes downhole surveys, relying
                                                          on collar surveys for accuracy.
 Data spacing and distribution                            The drill hole spacing is sufficient to demonstrate geological continuity
                                                          appropriate for the Mineral Resource and the classifications applied under the
                                                          2012 JORC Code.

                                                          The drill spacing applied to specific domains within the overall resource is
                                                          variable and is considered suitable for the style of mineralisation and
                                                          mineral resource estimation requirements.
 Orientation of data in relation to geological structure  The Telfer mine site topography is dominated by two large scale asymmetric
                                                          dome structures with steep west dipping axial planes.  Main Dome is in the
                                                          southeast portion of the mine and is exposed over a strike distance of 3 km
                                                          north-south and 2 km east-west before plunging under transported cover. West
                                                          Dome forms the topographical high in the northwest quadrant of the mine and
                                                          has similar dimensions to Main Dome. Both fold structures have shallow to
                                                          moderately dipping western limbs and moderate to steep dipping eastern limbs.

                                                          Surface drilling is orientated to ensure optimal intersection angle for the
                                                          reefs. Underground drilling orientation may be limited by available collar
                                                          locations, but acceptable intersection angles are considered during the drill
                                                          hole planning process.  No orientation bias has been indicated in the
                                                          drilling data.
 Sample security                                          Sample security is maintained through a tracking system from drilling to
                                                          database entry. While barcoding was previously used, it has been replaced with
                                                          pre-numbered calico bags for resource development and underground drilling
                                                          samples.

                                                          All sample movements, including dispatch details, drill hole identification,
                                                          sample ranges, and analytical requests, are recorded in a database. Any
                                                          discrepancies identified upon receipt by the laboratory are validated to
                                                          ensure data integrity.
 Audits or reviews                                        In-house reviews of data, QAQC results, sampling protocols and compliance with
                                                          corporate and site protocols are carried out at various frequencies by company
                                                          employees not closely associated with the Telfer projects. Procedure audits
                                                          and reviews are carried out by corporate employees during site visits.

 

JORC 2012 Table 1 Telfer Resource Development: Section 2- Reporting of
Exploration Results

 

 Criteria                                                          Commentary
 Mineral tenement and land tenure status                           Mining and ore processing at Telfer operate under granted leases and licenses
                                                                   covering all key infrastructure, including open pits, underground resources,
                                                                   processing facilities, waste storage, and support services. The Telfer Main
                                                                   Dome Underground Mineral Resource is within mining leases M45/6 and M45/8,
                                                                   while the West Dome Mineral Resource, approximately 3km northwest of the Main
                                                                   Dome open pit, lies within leases M45/7 and M45/33. These leases are currently
                                                                   under renewal.

                                                                   An Indigenous Land Use Agreement (ILUA) has been in place since December 2015,
                                                                   covering all operational aspects of the site. Telfer operations also remain
                                                                   compliant with the Mining Rehabilitation Fund (MRF) levy.
 Exploration done by other parties                                 The Telfer district was first geologically mapped by the Bureau of Mineral
                                                                   Resources in 1959, though no gold or copper mineralization was identified. In
                                                                   1971, regional sampling by Day Dawn Minerals NL detected anomalous copper and
                                                                   gold at Main Dome. From 1972 to 1975, Newmont Pty Ltd conducted extensive
                                                                   exploration and drilling, defining an open pit reserve primarily in the Middle
                                                                   Vale Reef.

                                                                   In 1975, BHP Gold acquired a 30% stake in the project, and in 1990, Newmont
                                                                   and BHP Gold merged their Australian assets to form Newcrest Mining Limited.
                                                                   Newcrest managed exploration and resource drilling from 1990 until its
                                                                   acquisition by Newmont Corp on November 6, 2023. Newmont later divested
                                                                   Telfer, selling it to Greatland Gold on December 4, 2024, which now oversees
                                                                   exploration and drilling activities.
 Geology                                                           Telfer is located within the northwestern Paterson Orogen and is hosted by the
                                                                   Yeneena Supergroup, a 9 km thick sequence of marine sedimentary rocks. Gold
                                                                   and copper mineralization occurs in stratiform reefs and stockworks within the
                                                                   Malu Formation of the Lamil Group, controlled by both structure and lithology.

                                                                   Mineralisation styles include high-grade narrow reefs, reef stockwork
                                                                   corridors, sheeted vein sets, and extensive low-grade stockwork, which forms
                                                                   most of the sulphide resource. Sulphide mineralisation consists mainly of
                                                                   pyrite and chalcopyrite, with copper minerals including chalcopyrite,
                                                                   chalcocite, and bornite. Gold is primarily free-grained or associated with
                                                                   sulphides and quartz/dolomite gangue, with a correlation between vein density
                                                                   and gold grade.

                                                                   The highest gold and copper grades occur within bedding sub-parallel reef
                                                                   systems, including multiple reef structures in Main Dome, such as E-Reefs,
                                                                   MVR, M10-M70 reefs, A-Reef, and B-Reefs (notably B30). Additional
                                                                   mineralisation occurs in northwest-trending and north-dipping veins. Stockwork
                                                                   mineralisation, found in open pits, Telfer Deeps, and the Vertical Stockwork
                                                                   Corridor (VSC), is best developed in the axial zones of Main Dome and West
                                                                   Dome, often extending over large areas (0.1 km to 1.5 km). It can include
                                                                   brecciated zones filled with quartz, carbonate, and sulphides
 Drill hole Information                                            Refer to Table 4 - Significant Intercepts.
 Data aggregation methods                                          Significant assay intercepts are reported using length-weighted averages based
                                                                   on predefined thresholds, with a maximum allowable internal dilution.

                                                                   For Open pit (RC) significant intercepts a maximum of 5m of internal dilution,
                                                                   minimum width of 3m, minimum grade of 0.5g/t and a gram metre (grade x length)
                                                                   of greater than 10gm.

                                                                   For Underground diamond significant intercepts a maximum of 5m of internal
                                                                   dilution, minimum width of 1m, minimum grade of 0.5g/t and a gram metre (grade
                                                                   x length) of greater than 10gm.
 Relationship between mineralisation widths and intercept lengths  Significant assay intervals represent apparent widths, as drilling is not
                                                                   always perpendicular to the dip of mineralisation. True widths are typically
                                                                   less than downhole widths and can only be estimated once all results are
                                                                   received and final geological interpretations are completed. Where access
                                                                   permits all holes are drilled to intercept as close to true width as possible.
 Diagrams                                                          As provided
 Balanced reporting                                                This is the third quarterly report released by the Greatland group since
                                                                   taking ownership of the Telfer mine. Drilling results will be reported
                                                                   regularly and released to the market

                                                                   Earlier reporting of exploration programs conducted by Newcrest and Greatland
                                                                   have previously been reported. Drilling programmes are ongoing and further
                                                                   material results will be reported in subsequent releases.
 Other substantive exploration data                                NIL
 Further work                                                      Drilling is ongoing with further work is planned to evaluate exploration
                                                                   opportunities that extend the known mineralisation.

 

JORC 2012 Table 1 Telfer and Regional Exploration: Section 1 - Sampling
Techniques and Data

 Criteria                                                 Commentary
 Sampling techniques                                      All current samples are obtained from either reverse circulation (RC) or
                                                          diamond drilling.

                                                          Diamond core (PQ-HQ and NQ) was cut using an automated core saw and sampled as
                                                          half core.

                                                          Predominately 1m samples were obtained, but lengths range from 0.2 metre to
                                                          1.2 metre if adjusted to geological or major alteration boundaries.  All
                                                          available drill core was sampled.

                                                          RC samples were collected off the drill rig as one (1) metre intervals or two
                                                          (2) metre composites.  Samples are split using a cone splitter from which a
                                                          2-5kg sub sample is taken.  All RC drilling has duplicates collected at a
                                                          1:20 ratio.

                                                          Historical sampling includes RC, Diamond and Air Core (AC) sampling
 Drilling techniques                                      Diamond core drilling was from surface with PQ3, HQ3 and NQ2 diameter coring
                                                          configuration and from RC pre-collars, generally starting with HQ3 and ending
                                                          in NQ2.

                                                          Core from drill holes is orientated on 1.5m, 3m and 6m runs using an Axis
                                                          CHAMP ORI™ orientation tool.  At the end of each run, the bottom of hole
                                                          position is marked by the driller, which is later transferred to the whole
                                                          drill run core run length with a bottom hole reference line.
 Drill sample recovery                                    RC sample recovery is visually assessed and recorded for each sample. RC
                                                          sample recoveries are generally high, no significant sample loss has been
                                                          recorded.  Sample condition is also recorded, the majority were dry, with
                                                          only minor intervals of moist or wet samples recorded.  RC sampling generally
                                                          ceases once the samples become consistently wet.

                                                          Core recovery is systematically recorded from the commencement of coring to
                                                          end of hole by reconciling against drillers depth blocks in each core tray
                                                          with data recorded in the database.  Driller's depth blocks provided the
                                                          depth, interval of core recovered, and interval of core drilled.

                                                          Core recoveries were 95 - 100%.
 Logging                                                  All core and RC samples were geologically logged by geologists and are
                                                          considered to have been logged in appropriate detail to support Mineral
                                                          Resource estimation, mining studies and metallurgical studies.  Basic
                                                          geotechnical logging of RQD was completed by field technicians or geologists.

                                                          RC chips were qualitative and quantitative in nature.  Lithology and
                                                          alteration were logged qualitatively; mineralisation was logged
                                                          quantitatively.  Chip trays were photographed both dry and wet.

                                                          Core logs were qualitative and quantitative in nature.  Lithology and
                                                          alteration were logged qualitatively; mineralisation, veining, structure and
                                                          geotechnical data (RQD) were logged quantitatively.  Core was photographed
                                                          both dry and wet after metre marking and orientation.

                                                          100% of all recovered core and RC samples were logged in the targeted
                                                          stratigraphy.

                                                          Magnetic susceptibility, sometimes with conductivity measurements were
                                                          recorded every metre using a KT20 or KT10 machine. Bulk density of selected
                                                          drill core intervals was determined at site on whole core samples using the
                                                          Archimedes method.  Regional RC & DD samples at Ernest Giles, Chilly and
                                                          Teague were generally analysed with a Canon pXRF unit on a metre basis

                                                          Logging information was digitally recorded and validated prior to import into
                                                          an acQuire or custom SQL database.
 Sub-sampling techniques and sample preparation           RC samples were cone split at the rig as either 1 metre or 2 metre intervals.
                                                          Sample size ranged between 3 and 5kg.  The size is considered appropriate for
                                                          the style of mineralisation.

                                                          All sampled core was cut with an automatic core saw in a consistent way that
                                                          preserved the bottom of hole reference line, where present. Half core was used
                                                          for normal sampling and quarter core for field duplicates.  Samples were
                                                          collected in pre-numbered calico bags mostly 1 metre in length, but also
                                                          ranged from 0.2m to 1.5m.  Sample weights typically varied from 0.5kg to
                                                          7kg.  Sample sizes are considered appropriate for the style of
                                                          mineralisation.

                                                          Assaying quality control procedures consisted of the inclusion of certified
                                                          reference material (CRM) and blank samples at an insertion rate of 1:20 and
                                                          1:40 respectively. Duplicate samples were collected from crush and pulp
                                                          samples at a rate of 1:20.

                                                          All samples were freighted by road to Intertek Laboratory, Perth (Intertek).
                                                          Samples from Ernest Giles were freighted to Kalgoorlie for sample prep, then
                                                          Perth for wet chemical assay.

                                                          Samples were dried at 105(o)C, and the bulk of the samples pulverised (using
                                                          LM5) to produce a pulped product with minimum standard of 95% passing 106µm.
                                                          Oversize primary samples were crushed and a 3kg subsample then milled with the
                                                          LM5 mill.  Routine grind size analysis is conducted.
 Quality of assay data and laboratory tests               Assaying of drill core samples was conducted at Intertek. All samples were
                                                          assayed for 48 elements using a 4-acid digestion followed by ICP+MS/OES
                                                          finish.  MS determination (method 4A/MS907), which is considered to provide a
                                                          total assay for copper.

                                                          Gold analyses were determined by 50g fire assay with AAS finish (method
                                                          FA50N/AA), which is considered to provide a total assay for gold.

                                                          Sampling and assaying quality control procedures consisted of inclusion of
                                                          certified reference material (CRMs), coarse residue and pulp duplicates with
                                                          each batch (at least 1:20). Assays of quality control samples were compared
                                                          with reference samples in the database and verified as acceptable prior to use
                                                          of data from analysed batches.

                                                          Laboratory quality control data, including laboratory standards, blanks,
                                                          duplicates, repeats and grind size results are captured in the SQL databases
                                                          and assessed for accuracy and precision for recent data.

                                                          Analysis of the available quality control sample assay results indicates that
                                                          an acceptable level of accuracy and precision has been achieved and the
                                                          database contains no analytical data that has been numerically manipulated.

                                                          The assaying techniques and quality control protocols used are considered
                                                          appropriate for the data to be used for reporting exploration drilling
                                                          results.
 Verification of sampling and assaying                    Sampling intervals defined by the geologist are electronically assigned sample
                                                          identification numbers prior to core cutting. Corresponding sample numbers
                                                          matching pre-labelled calico bags are assigned to each interval.

                                                          All sampling and assay information were stored in a secure  database with
                                                          restricted access.

                                                          Electronically generated sample submission forms providing the sample
                                                          identification number accompany each submission to the laboratory. Assay
                                                          results from the laboratory with corresponding sample identification are
                                                          loaded directly into the database.

                                                          No twinned holes have been completed.

                                                          There are no currently known drilling, sampling, recovery, or other factors
                                                          that could materially affect the accuracy or reliability of the data.
 Location of data points                                  Drill collar locations were surveyed using a differential Trimble R10
                                                          differential GPS with RTK with a stated accuracy of +/- 0.01m accuracy or
                                                          handheld Garmin 67/66i GPS with an accuracy of +/- 5m.

                                                          Drill rig alignment was attained using a REFLEX TN14 GYROCOMPASS™. Downhole
                                                          survey was collected every 6m and 30m using a Reflex OMNIx™42 north seeking
                                                          gyro tool.

                                                          All collar coordinates are provided in the Geocentric Datum of Australian
                                                          (GDA94 Zone 51 or GDA2020 z51).  All relative depth information is reported
                                                          in Australian Height Datum (AHD).
 Data spacing and distribution                            Diamond and RC drilling at Thomsons, Big Tree, Camp Dome, O'Callaghans,
                                                          Teague, Chilly & Atlantis spacings ranged from 120 to 500m.  Individual
                                                          holes are targeting specific targets, and are not part of a grid pattern, all
                                                          holes are orientated at approximately 90 degrees to the interpretation
                                                          geological strike of the intended target.

 Orientation of data in relation to geological structure  RC and diamond holes at Thomsons, Big Tree and Camp Dome were orientated
                                                          perpendicular to the interpreted strike of the target, holes were angled
                                                          between -60⁰ and -70⁰ to intersect moderate to steeply dipping sandstone
                                                          and siltstone stratigraphy, reef and stock work mineralisation at a high
                                                          angle.

                                                          RC/DD drilling at Chilly, Teague, and Ernest Giles was generally done
                                                          orthogonal to interpreted stratigraphy on holes 80 -500m apart, influenced by
                                                          cultural disturbance minimisation around sand dunes and access.  Atlantis
                                                          holes were targeting geophysical modelled 3D bodies at depth and were single
                                                          holes.
 Sample security                                          The security of samples is controlled by tracking samples from drill rig to
                                                          database.

                                                          RC samples and drill core was generally delivered from the drill rig to the
                                                          Telfer core yard every shift.

                                                          Samples from Ernest Giles are collected, checked and freighted by Greatland to
                                                          a freight company then taken to Intertek laboratory in Kalgoorlie for sample
                                                          preparation.  The pulps are then taken to Perth by Intertek for chemical
                                                          analysis.

                                                          Samples were freighted in sealed bags, labelled by bar codes, by road to the
                                                          Laboratory by an authorised freight company.

                                                          All samples are collected in pre-numbered calico bags. Verification of sample
                                                          numbers and identification is conducted by the laboratory on receipt of
                                                          samples, and sample receipt advise issued to Greatland.

                                                          Details of all sample movement are recorded in a database table. Dates, Hole
                                                          ID sample ranges, and the analytical suite requested are recorded with the
                                                          dispatch of samples to analytical services. Any discrepancies logged at the
                                                          receipt of samples into the analytical services are validated.
 Audits or reviews                                        No audits for reviews have been completed.

 

JORC 2012 Table 1 Telfer and Regional Exploration: Section 2- Reporting of
Exploration Results

 

 Criteria                                                          Commentary
 Mineral tenement and land tenure status                           Prospect Tenement Location

                                                                   The following tenements are 100% owned by Greatland and Greatland Exploration
                                                                   Pty Ltd:

                                                                   ·      Thomsons M 45/10

                                                                   ·      Camp Dome E 45/3261

                                                                   ·      Big Tree M 45/400

                                                                   ·      O'Callaghans M 45/203

                                                                   ·      Ernest Giles E38/2205

                                                                   The following tenements are the subject of an unincorporated joint venture
                                                                   (Paterson South Joint Venture) between  Rio Tinto Exploration Pty Limited
                                                                   (RTX) (49%) and Greatland Paterson South Pty Ltd (51%). Pursuant to the
                                                                   farm-in arrangements, Greatland may earn up to a 75% interest in:

                                                                   ·      Triangle Teague - E45/5532

                                                                   ·      Budjidowns - Atlantis - E45/4815

                                                                   The Paterson tenements are subject to Land Access Agreements with Greatland
                                                                   and Jamukurnu-Yapalikurnu Aboriginal Corporation (JYAC) which has been in
                                                                   place since December 2015.

                                                                   The Ernest Giles tenements are subject to Land Access Agreements with
                                                                   Greatland and the Wakamurru AC (RNTBC) which has been in place since August
                                                                   2023.
 Exploration done by other parties                                 Thomson's prospect

                                                                   ·      A substantial drilling programme was carried out by Newmont
                                                                   Holdings Pty Ltd in 1974- 75 including several deep diamond drill holes and
                                                                   short rotary holes.

                                                                   ·      Minor amounts of shallow RC and diamond drilling were carried out
                                                                   by Newmont Holdings Pty Ltd from 1975 - 1990.  In 1990, Newmont stated an
                                                                   oxide resource estimate of (WAMEX a32302) 478,093t @ 2.10g/t Au Indicated and
                                                                   85,000t @ 0.9 -2.5g/t Au.  This estimate has not been updated to be JORC 2012
                                                                   compliant.

                                                                   ·      Newcrest Mining Limited (1991 - 2023) conducted several minor RC
                                                                   programs with two (2) diamond tails

                                                                   Big Tree prospect

                                                                   §  The Big Tree deposit was discovered in the late 1980's by Newmont
                                                                   Holdings Pty Ltd (Newmont) and has been subject to numerous exploration and
                                                                   resource definition by previous owners including Newmont and Newcrest Mining
                                                                   Limited.

                                                                   §  In 1994, Newcrest Mining Limited stated a Resource of 2.23Mt @ 1.56g/t
                                                                   for 111,699Oz (A4391). This estimate has not been updated to be JORC 2012
                                                                   compliant

                                                                   Camp Dome prospect

                                                                   §  The Camp Dome deposit was discovered in the 1980's and has been subject
                                                                   to numerous drill programs by previous owners Western Mining Corporation,
                                                                   Marathon Petroleum, Geopeko, Newmont, Duval Mining, Normandy Gold Exploration
                                                                   and Newcrest Mining Limited.

                                                                   §  In 2011, Newcrest Mining Limited stated an oxide Resource of 14Mt @ 0.37%
                                                                   Cu for 52Kt Copper oxide. This estimate has not been updated to be JORC 2012
                                                                   compliant.

                                                                   O'Callaghans Prospect

                                                                   §  O'Callaghans was initially targeted by Newmont Australia in 1985 with
                                                                   first polymetallic skarn mineralisation was intersected in 1991 by Newcrest
                                                                   Mining Limited.  In 2023 Newmont reported Indicated and Inferred Mineral
                                                                   Resource of ~54Mt @ 0.35% WO3, 0.5% Zn, 0.25% Pb, 0.29% Cu.

                                                                   Ernest Giles:

                                                                   ·      CRA initially carried out an aeromagnetic survey in the mid 90's.

                                                                   ·      WMC after reviewing the geophysics interpreted the area as
                                                                   containing Archean greenstones, and completed regional soils and gravity
                                                                   surveys along with 200m spaced aeromagnetic and 8 RC holes (ENGC01-8) over
                                                                   what is now the Meadows prospect, identifying anomalous gold between 1996 and
                                                                   1999.

                                                                   ·      MRG metal completed further aeromagnetics and 3 diamond holes
                                                                   (EY4001-EY4003) in the region from 2011 to 2015.

                                                                   Paterson South - previous exploration is in Table 1 from the 7(th) Nov 2024
                                                                   AIM RNS release

                                                                   Historic drill hole information is open file and available in WAMEX reports.
 Geology                                                           Exploration is focused within the Paterson Province, a Proterozoic tectonic
                                                                   domain in northwestern Western Australia characterised by complex structural
                                                                   and stratigraphic architecture.

                                                                   The region hosts Neoproterozoic sedimentary sequences, primarily quartzites,
                                                                   sandstones, siltstones, and carbonaceous units of the Lamil Group, which have
                                                                   undergone multiple deformation events.

                                                                   Mineralisation in the province is typically associated with folded and faulted
                                                                   domal structures, with gold and copper occurring in quartz-carbonate-sulphide
                                                                   veins, breccias, and stockworks.  These are often structurally controlled,
                                                                   forming along hinge zones, axial planes, and fault intersections, and may be
                                                                   linked to intrusion-related hydrothermal systems.

                                                                   Exploration at Ernest Giles is for Yilgarn style Archean lode gold deposits.
 Drill hole Information                                            Refer to Table 2 - Significant Intercepts.
 Data aggregation methods                                          Significant assay intercepts are reported as length-weighted averages in Table
                                                                   2.

                                                                   All Telfer exploration primary intervals except of Camp Dome are calculated at
                                                                   0.2g/t Au cut-off and minimum 0.1m downhole width with 5m maximum internal
                                                                   dilution.

                                                                   Including intervals calculated at 1g/t Au or 0.5g/t Au cut-off with 5m max
                                                                   internal dilution.

                                                                   All primary intervals at Camp Dome are calculated at a 0.3% Cu cut-off and
                                                                   minimum 0.1m downhole width, with maximum consecutive internal dilution of 5m.
                                                                   Average grades are based on length-weighting of samples grade, and only those
                                                                   intercepts with widths a percent (%) metre (Cu % x length) above 3% metres
                                                                   have been reported.

                                                                   Regional Exploration primary intervals are calculated at 0.1g/t Au cut-off
                                                                   with 4m max internal dilution.

                                                                   No top cuts are applied to intercept calculations.
 Relationship between mineralisation widths and intercept lengths  Drill holes were angled to intersect steeply to moderately dipping geological
                                                                   targets at high angles.

                                                                   All significant assay intervals are down hole widths as the true orientation
                                                                   of mineralisation is currently unknown.
 Diagrams                                                          As provided
 Balanced reporting                                                The report is considered balanced
 Other substantive exploration data                                See body of announcement and figures.
 Further work                                                      Further work is required at Big Tree, Teague, Meadows and Camp Dome including
                                                                   extension of RC pre-collars with diamond tails.

                                                                   EM surveys are intended at Chilly to improve targeting of future drilling

                                                                   Assays for the remainder of the programme will be reported once received and
                                                                   validated.  Further work will be planned dependent on assay results and
                                                                   ongoing geological interpretations at all prospect areas.

 

 

 

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