Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, ASX:GGP) today reaffirmed its commitment to London's AIM market, whilst holding its inaugural Australian Annual General Meeting in Perth.
The AGM follows a year of significant corporate and operational progress, which included a high-profile float on the ASX and, a significant shift in the company's scope.
"At the start of this financial year, Greatland Gold was an explorer and developer with a 30% non-controlling interest in Havieron - a company that hadn't yet generated earnings or cash flow," Greatland chair Mark Barnaba said in a statement.
"Then, on the 4th of December 2024, we took a huge step forward - completing the acquisition that gave us 100% ownership of both the Telfer gold-copper mine and the Havieron project right next door.
"Operationally, we hit the ground running."
Greatland completed the acquisition of 100% ownership of the Telfer gold-copper mine and the adjacent Havieron project in December 2024.
In the seven months to 30 June 2025, it produced over 198,000 ounces of gold at an all-in sustaining cost of $1,849 per ounce, generating $601 million in operating cash flow - a good initial turn on the upfront acquisition cost of $540 million.
By the end of September 2025, the company reported a cash position of $750 million with no debt.
A feasibility study for the Havieron project is expected to be released shortly. Investment to extend the life of the Telfer operation is also underway.
Regarding London's AIM market, Greatland's chair commented that the UK junior bourse "remains an important part of who we are and how we engage with our broader shareholder base."