Greatland Resources shares surge as Telfer update sinks in amid a sector re-rating

Shares successful Greatland Resources Ltd (AIM:GGP, OTC:GRLGF, FRA:G8G, ASX:GGP), the golden and copper miner, are up a further 13% to 665.2 in London trading connected Wednesday arsenic investors continued to digest landmark assets update astatine its Telfer cognition successful Western Australia.

The gains person been amplified by a broader re-rating of precious metals stocks, with golden rising 1.8% arsenic conciliatory rhetoric from Iran eases tensions successful the Middle East.

The banal precocious powerfully connected Monday when the institution announced a 150% enlargement successful the mineral assets astatine Telfer, taking the full to 8 cardinal ounces of golden and is up much than a 4th successful worth since the commencement of the week.

The updated December 2025 estimation adds 4.8 cardinal ounces of golden astatine a find outgo of astir $5 per ounce.

The higher-confidence measured and indicated category, which provides a stronger instauration for excavation readying and conversion into mineable reserves, grew 163% to 3.8 cardinal ounces.

Combined with the adjacent Havieron deposit, Greatland's full golden and copper assets present stands astatine 14.9 cardinal ounces of golden equivalent and 645,000 tonnes of copper.

The assets spans unfastened pit, underground and stockpile sources, with the West Dome Open Pit contributing 4.9 cardinal ounces, the Main Dome Underground 2.2 cardinal ounces, and a maiden West Dome Underground assets of 0.6 cardinal ounces astatine grades of astir 2.3 grams per tonne.

The increasing publication from higher-grade underground zones is expected to play an progressively important relation successful aboriginal accumulation planning, with the West Dome Underground considered geologically akin to the existing Main Dome Underground cognition and remaining unfastened for further extension.

The expanded assets basal supports the semipermanent viability of Telfer's existing processing plant, which handles 20 cardinal tonnes of ore per annum and which Greatland took ownership of successful December 2024.

Managing manager Shaun Day said the combined Telfer and Havieron assets had the imaginable to underpin a "multi-decade, world-class mining hub."

An updated ore reserve estimation for Telfer is targeted for the 2nd 4th of 2026, with ongoing drilling focused connected converting inferred worldly into higher-confidence categories.

More than 134,000 metres of drilling were completed during 2025, with a further 100,000 metres planned.