Greatland (ASX:GGP) intends on undertaking the largest drilling program in Telfer’s operating history and in FY2026 is also targeting further multi-year mine life extensions.
At Telfer, the company has 240,000m planned across eight drill rigs, comprising some 150,000m of resource growth drilling and 90,000m of resource conversion drilling.
Three key extension opportunities will be targeted – the West Dome Open Pit (WDO), Main Dome Underground (MDU), and West Dome Underground (WDU). Five diamond rigs and three reverse circulation rigs have been scheduled for much of the year.
Drilling results from 2025 drilling are expected to inform a Telfer mineral resource estimate (MRE) update during the Q1 2026 and an ore reserve estimate update in the June 2026 quarter.
Managing Director Shaun Day, who is presenting 12.05pm today (5 August) at this year’s Diggers & Dealers Mining Forum, says the results of the past quarter capped off a transformational 2025 financial year for Greatland.
Day highlights in the company’s latest quarterly report how Greatland acquired and integrated ownership of Telfer and Havieron, extended Telfer’s mine life, generated more than $600 million of operating cash flow, and completed an IPO on the ASX.
“Greatland is targeting further multi-year Telfer mine life extensions by making important reinvestments, including into the drill rig with Telfer’s largest ever drilling program,” says Day.
“At Havieron, Greatland is well placed to complete our Feasibility Study on the expanded development in the December 2025 quarter and then resume the development of the world-class gold-copper project.”
During Q2 2025 the company delivered processed tonnes of 4.9 million tonnes with average head grade of 0.58g/t gold and 0.09% copper.
Recoveries for the quarter were 82% for gold (in line with plan) and 81% for copper (10% better than plan). Meanwhile, FY25 gold recovery of 84.2% was the highest annual recovery since 2010.
“These are exceptional results given the lower than historical grades, achieved through a focus on stable grinding and flotation plant operation, and consistent feed rates to and utilisation of the pyrite flotation and concentrate CIL circuits,” the company says.
Greatland generated cash flow from operations of $310 million and cash build of $176 million in Q2 2025, with a closing cash balance on 30 June 2025 of $575 million.
The company remains debt free with an undrawn $75 million working capital facility providing additional liquidity buffer.
Mining.com.au is again attending this year’s Diggers & Dealers in Kalgoorlie, Western Australia.
Write to Adam Orlando at Mining.com.au
Images: Greatland
