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An update from Greatland Resources ( (GB:GGP) ) is now available.
Greatland Resources has reported a major upgrade to its Group Mineral Resource Estimate as at 31 December 2025, with combined Telfer and Havieron resources rising to 550 million tonnes at 0.84 grams per tonne gold and 0.12% copper, or 14.9 million ounces of gold and 645,000 tonnes of copper. The update incorporates around 134,000 metres of new drilling, a maiden resource for the high-grade West Dome Underground project, and a significant reclassification of Telfer resources into the higher-confidence Measured and Indicated category.
Telfer’s total gold resource has grown 150% to 8.0 million ounces at a low discovery cost of about US$5 per ounce, with Measured and Indicated resources up 163% to 3.8 million ounces, positioning the asset for an updated Ore Reserve estimate targeted for the June 2026 quarter. Management says the enlarged and higher-quality resource base underpins the potential for a multi-decade mining hub, supports full utilisation of Telfer’s 20-million-tonne-per-annum processing plant, and shifts the company’s near-term focus to advancing higher-grade opportunities at West Dome Underground and Main Dome Underground while continuing record drilling into FY27.
More about Greatland Resources
Greatland Resources is an Australian mineral exploration and development company focused on gold and copper assets in Western Australia, notably the Telfer and Havieron projects. The company is expanding its resource base through intensive drilling to support long-life, large-scale mining operations and to maximise utilisation of its existing processing infrastructure.
See more insights into GGP stock on TipRanks’ Stock Analysis page.