Havieron gold-copper project

Havieron is a world-class gold-copper project located in the Paterson province, East Pilbara region of Western Australia, approximately 45 km east of Telfer. It has a Mineral Resource of 8.4 million ounces gold equivalent. The project is currently being developed under a joint venture, with Greatland Gold consolidating 100% ownership through this acquisition. Early works commenced in 2021, with underground development paused pending further approvals. The project is targeted for a 2.8 Mtpa mining operation with average annual production of 258,000 ounces gold equivalent over 20 years. The acquisition includes a cash consideration of US$155.1 million, repayment of a US$52.4 million joint venture loan, and issuance of shares valued at US$167.5 million to Newmont, plus up to US$100 million deferred cash consideration linked to gold price and production milestones.