Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP) has secured a US$500 million corporate debt facility and approved the final investment decision for Havieron, giving the company funding firepower to advance one of Australia’s major gold-copper development projects.
The facility has been agreed with a lending syndicate comprising ANZ, ING, HSBC, NAB and Westpac, and follows a binding commitment letter announced in December 2025. Greatland said the key terms remain consistent with that earlier commitment, including no mandatory hedging requirement.
The debt package includes a US$250mln five-year revolving credit facility, a US$225mln seven-year revolving credit facility and a US$25mln contingent instrument facility, which was drawn to US$17.87mln as of 31 May 2026.
The company said its more than US$1.2bn net cash position, together with the debt facility, gives it more than US$1.7bn of available liquidity. Havieron’s feasibility study estimated US$1.065bn of pre-production capital expenditure to first gold, followed by US$673mln of expansion capex.
Managing director Shaun Day said the debt facility and Havieron approval provide “the opportunity to deliver one of Australia’s premier gold-copper projects”.
"The development of Havieron, alongside the successful delivery of Telfer life extensions, has the potential to underpin a multi-decade, world-class gold-copper mining hub in the Paterson Province," Day added.