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Australia

Havieron Project

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Summary

Mine TypeUnderground
Study CompletedFeasibility
StageConstruction
Commodities
  • Gold
  • Copper
Mining Method
  • Sub-level open stoping (SLOS)
Backfill type ... Lock
Mine Life... Lock
SnapshotHavieron is a world-class, underground gold-copper project with considerable mine development already completed. Havieron ore to be processed through existing Telfer processing plant, with plant upgrades that could also enhance recovery of Telfer ore once installed. Plant upgrades will not interrupt the processing of Telfer ore during construction.

Early works commenced in 2021, with major progress achieved in underground access and surface infrastructure.

The Feasibility Study, released December 1, 2025, confirms Havieron pathway to a world-class, long-life, lowest quartile cost Australian gold-copper mine, leveraging existing Telfer infrastructure.

Obtaining the final permits required for the final investment decision and full development resumption at Havieron, while outlining the integrated Telfer-Havieron production plan.
Latest NewsGreatland Resources Ltd: Havieron Project - Feasibility Study     December 1, 2025
Related AssetTelfer Operation

Owners

SourceSource
CompanyInterestOwnership
Greatland Resources Ltd. 100 % Indirect
Havieron was advanced under an unincorporated joint venture between Greatland Resources Ltd. and Newmont Corporation (2023 – 2024). Greatland consolidated 100% ownership of Havieron in December 2024.

Contractors

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Deposit type

  • Hydrothermal
  • Breccia pipe / Stockwork
  • Vein / narrow vein
  • Replacement
  • Intrusion related

Summary:

The Havieron deposit is hosted within two primary basement sedimentary units of the Puntapunta Formation; a thin planar biotite rich metasiltstone to meta-arenite, and a thickly bedded white to pale green calc silicate actinolite marble, both of which have been subject to low-grade regional metamorphism.

The deposit comprises an ovoid shaped zone with a series of nested vertically extensive breccia columns (the Breccia Pipe) that coalesce into a large volume of variable brecciation, alteration and sulphide mineralisation which trends northwest to southeast. Approximate dimensions of this pipe measure 650m in length by 350m in width and 1,400m in depth along a northwest orientation. The Breccia Pipe includes unmineralised to low-grade crackle breccia and a series of mineralised cemented breccias.

The breccia hosting the highest grade gold and copper mineralisation occurs on the southeast margins of the Breccia Pipe and is referred to as the South East Crescent (Crescent Zone). The Breccia Pipe also includes relatively small dioritic intrusions with brecciated contacts or wall rock clasts within the breccias. The Breccia Pipe is intruded by a 20–30m wide, north-northeast trending, steeply dipping post mineralisation dolerite dyke.

The Crescent Zone lies along the southeast margin of broader zone of hydrothermal carbonate-quartzsulphide-actinolite-biotite-cemented breccias, veins and replacements, defining an ovoid zone (800m x 500m) of calc-silicate alteration that is the footprint of Havieron.

The highest average grades of mineralisation is concentrated along the south-eastern edge of a complex of nested diorite intrusions emplaced into sedimentary host rocks. Higher grade zones are associated with increased sulphide concentrations, with sulphides including pyrrhotite, chalcopyrite and pyrite, commonly with quartz. Mineralisation has been observed to over 1,000m in vertical extent below the 420m of post mineralisation cover sequence.

Multiphase hydrothermal breccias at Havieron are classified on the dominant mineralogy of the breccia cement, based on variable proportions of actinolite, calcite and sulphide. A quartz-rich variant of the actinolite-cemented breccias also occurs. The hydrothermal breccias have a strong spatial association with the nested diorite intrusions.

Superior grades of gold (+2 g/t Au) and copper (+0.2% Cu) are typically associated with more rich sulphidebearing calcite-actinolite cemented breccia that in parts of the system transitions into the more massive sulphide mineralisation (i.e., the Crescent Zone). Still, higher gold grades (+5 g/t Au) can be found associated with the quartz-rich variant of the actinolite cemented breccia.

The Crescent Zone is a 5 - 40m wide zone of sulphide and quartz rich hydrothermal breccias and massive sulphide extending 700m in unfolded section from the basement contact and defined over 1,000m vertically, tapering to ~200m and open at that depth.

In 2023 drilling defined a new high-grade mineralised domain, referred to as the Link Zone. This zone is interpreted to encompass the high-grade core of what was previously referred to as the Eastern Breccia Zone. The Link Zone remains open at depth and to the north at depth (bounded by the Breccia Pipe).

Dimensions
Variable brecciation, alteration and sulphide mineralisation are observed with a footprint with dimensions of 650m x 350m trending in a north west orientation and over 1100m in vertical extent below ~420m of cover. The South East Crescent Zone Mineral Resource extents are ~550m in unfolded plan section, between 5-40m true width and 1200m in vertical extent, mineralisation remains open at depth.

The Link zone begins at approximately the 4000mRL (1250m below surface) and has been defined down to 3750mRL. The Link Zone is a moderately dipping approximately 30m wide by 200m long zone of mineralisation.

The Breccia Mineral Resource occurs as a 50-100m sleeve marginal to the South East Crescent Zone Mineral Resource and also with pockets within the greater breccia pipe. These pockets within the core of the breccia trend from the north west near the top of the system, downwards towards the north east in the lower levels of the system and potentially connect with the Eastern Breccia material.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityProductUnitsAvg. AnnualLOM
Gold Metal in conc./ doré koz 266 *3,532 *
Copper Metal in concentrate kt 9.6 *130 *
Gold Equivalent Metal in conc./ doré M oz 4 *
* According to 2025 study.

Operational metrics

Metrics
Hourly processing capacity  ....  Subscribe
Annual ore mining rate  ....  Subscribe
Annual processing rate  ....  Subscribe
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Ore tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2025 study.

Production Costs

CommodityAverage
All-in sustaining costs (AISC) Gold  ....  Subscribe
Assumed price Copper  ....  Subscribe
Assumed price Gold  ....  Subscribe
* According to 2025 study / presentation.
** Net of By-Product.

Project Costs

MetricsUnitsLOM Total
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Sustaining CapEx $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
After-tax Cash Flow (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 5% $M AUD  ......  Subscribe
After-tax NPV @ 5% $M AUD  ......  Subscribe
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Personnel

Mine Management

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Workforce

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