NEWS RELEASE | 16 June 2025 NOT FOR RELEASE, PUBLICATION OR...

NEWS RELEASE| 16 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHINTHE UNITED STATESOR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION

Greatland Resources Limited - ASX listing update

Greatland Resources successfully completes ASX bookbuild

Final offer size ofA$490 million, comprisingA$50 millionnew shares
andA$440 millionsecondary offer

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHINTHE UNITED STATESOR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AS STIPULATED UNDER THEUKMARKET ABUSE REGULATIONS. ON PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Highlights

§Greatland Resources has received firm commitments to raise a total of~A$50 million(~£23.9 million¹)(before costs) at a Final Offer PriceofA$6.60(~£3.16²)per shareunder the Australian Primary Offer.

§In addition, SaleCo has received firm commitments for the sale of 66,729,557 Greatland Resources Shares at the Final Offer Price, resulting in gross sale proceeds of~A$440.4 million(~£210.6 million¹) (before costs).

§The Australian Offering received exceptionally strong demand from a range of existing and new high-quality investors, with the Final Offer Price ofA$6.60being the top end of the indicative price range of the ASX bookbuild.

§At the Final Offer Price, Greatland Resources would be capitalised atA$4.4 billion(~£2.1 billion¹)

§The ASX listing is expected to enhance the Company's capital markets profile, facilitate greater equity research and institutional ownership, provide access to additional deep pools of capital, and create greater flexibility to pursue the Company's growth strategy.

Commentary

Greatland Resources Limited ("Greatland Resources" or the "Company") is pleased to advise that it has received firm commitments for the issue of 7,575,758 ordinary shares in Greatland Resources ("Greatland Resources Shares") at a Final Offer price ofA$6.60(~£3.16²)per share ("FinalOffer Price") to raise~A$50(~£23.9¹) million (before costs) pursuant to a prospectus dated 30 May 2025 ("Australian Primary Offer"). Proceeds raised will primarily be used on general operating, corporate expenses, working capital and costs of the offer.

In addition, Bright SaleCo Limited ("SaleCo"), a special purpose vehicle incorporated to enable the sale of up to 66,729,557 Greatland Resources Shares by Newmont NOL Pty Limited (a subsidiary of Newmont Corporation) ("Newmont"), has received firm commitments for the sale of the full 66,729,557 Greatland Resources Shares at the Final Offer Price, resulting in total gross proceeds for Newmont of~A$440.4 million(~£210.6 million¹) (before costs) ("Australian Secondary Offer", which together with the Australian Primary Offer, is the "Australian Offering"). The sale of Greatland Resources Shares under the Australian Secondary Offer represents half of the Greatland Resources Shares that Newmont will be issued pursuant to the scheme of arrangement under Part 26 of theUKCompanies Act ("UKScheme") to implement the corporate re-organisation of the Greatland group under Greatland Resources.

The Final Offer Price represents approximately:^2,3

§8.9% discount to the last close on Friday, 13 June 2025;

§3.1% discount to the 5-day volume weighted average price ("VWAP"), up to and including Friday, 13 June 2025;

§19.5% premium to the closing share price on 22 May 2025, the day prior to lodgment of the Company's original prospectus.

The Australian Offering is conditional, among other things, on theUKScheme being sanctioned by theUKCourt and becoming effective. The Greatland Resources Shares, when issued, will rank pari passu with the existing Greatland Resources Shares.

Greatland Resources has applied for Greatland Resources to be admitted to the Official List of the ASX and the Greatland Resources Shares are expected to be quoted on the ASX and commence trading on a normal settlement basis on the ASX at 1.00 p.m. (Sydneytime) / 4.00 a.m. (Londontime) on 24 June 2025. In addition, an application will be made to the London Stock Exchange for the Greatland Resources Shares, including those to be issued pursuant to the Australian Primary Offer, to be admitted to trading on AIM. Admission of the Greatland Resources Shares to trading on AIM is expected to take effect at 8.00 a.m. on 23 June 2025.

In respect of the ASX listing and Australian Offering, BofA Securities, Barrenjoey and Canaccord are acting as Joint Lead Managers. Sternship Advisers and Argonaut Securities are acting as Co-Managers.

Notes:

1. Calculated based on A$:£ of 0.4781 as at the last close on AIM on Friday, 13 June 2025.

2. Calculated based on A$:£ of 0.4781 as at the last close on AIM on Friday, 13 June 2025. Final Offer Price reflects the effective 20 to 1 share consolidation as part of theUKScheme and is equivalent to a price of15.78 penceper share in Greatland Gold plc ("GGP").

3. Calculated based on GGP's closing share price of17.32 penceon AIM on Friday, 13 June 2025, and the 5-day VWAP on AIM, up to and including Friday, 13 June 2025 of approximately16.28 pence.

Managing Director, Shaun Day, commented:

"The exceptional demand received for the Australian Offering is testament to the quality and opportunity of Greatland's Telfer mine and world-class Havieron brownfield development project, and the significant progress already made by our team in successfully integrating, operating and optimising these assets since we acquired full ownership in December 2024.

The Australian Offering was strongly supported by existing shareholders and will also introduce a range of new, high-quality domestic and international investors to the register. The ASX is a natural listing venue for Greatland and we look forward to debuting on the exchange as a leading new Australian gold-copper producer.

On behalf of the Greatland Resources Board and management team, I would like to warmly welcome our new shareholders and thank all of our existing shareholders for their long-standing support. We look forward to now finalising the corporate reorganisation under Greatland Resources andcommencement oftrading on both the ASX and AIM.

Directors' participation in the Australian Offering

The following directors of Greatland Gold have given commitments to subscribe for the following Greatland Resources Shares at the Final Offer Price as part of the Australian Offering.

	Director	Number of Shares	Amount (AUD)
1	Jimmy Wilson	37,879	$250,000
2	Yasmin Broughton	30,303	$200,000
3	Paul Hallam	7,576	$50,000

Expected Timetable of Principal Events

Further details of the Scheme are set out in the scheme document dated 24 April 2025 ("Scheme Document"). Unless the context requires otherwise, capitalised terms used but not otherwise defined in this announcement have the meaning given to them in the Scheme Document.