InvestSMART

Greatland Resources Limited (ASX:GGP)

ALERT: Price-sensitive ASX Announcement for GGP
Current share price for GGP : $10.340 -1.78 (-14.69%)+
Announcement
Release
29 Jun 2026 8:29AM
Price at Release
$12.120
Full Release
download
Summary
Greatland Resources Limited's March 2026 Group Ore Reserve Statement highlights significant increases in their ore reserves, particularly at the Telfer and Havieron sites in Western Australia. The Group Ore Reserve has grown to 5.0 million ounces of gold and 196,000 tonnes of copper. The Telfer Ore Reserve increased by 1.1 million ounces to 1.8 million ounces, driven by an increase in the West Dome Open Pit Ore Reserve and a newly established Main Dome Underground Ore Reserve. The report outlines ongoing drilling efforts to further convert resources to reserves and indicates a focus on high-grade and long-life mining operations. Economic assumptions include medium-term metal prices of A$4,000 per ounce of gold and A$6.00 per pound of copper, which support the feasibility of ongoing mining activities.
Key Points
  • Group Ore Reserve increases to 5.0 million ounces of gold.
  • Telfer Ore Reserve increases by 1.1 million ounces to 1.8 million ounces.
  • West Dome Open Pit Ore Reserve sees a significant increase.
  • New Main Dome Underground Ore Reserve established.
  • Ongoing drilling targets further reserve conversion and resource growth.
  • Economic assumptions based on A$4,000/oz gold and A$6.00/lb copper.
  • Focus on high-grade and long-life mining operations.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.