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Greatland Resources Ltd

Metals and Mining

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Materials

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About Greatland Resources Ltd

Greatland Resources (ASX:GGP), owner of the Telfer gold mine, has been a strong performer, though some managers question reserve quality. In September 2026, Argonaut said it took a large position in Greatland after it acquired Telfer and Havieron from Newmont, when the market underappreciated the deal. Firetrail noted a significant uplift in Telfer reserves only 12 months after acquisition and strong production driven by grade and recovery. Seneca, however, highlighted that Telfer's West Dome ore reserve grade is just 0.53 grams per tonne. Greatland Resources operates in the Materials sector within the Metals and Mining industry, and Thesis Tracker has captured 24 comments from 12 fund managers, including Argonaut, Firetrail and Seneca. Headquartered in Subiaco, Perth, Greatland produces gold and copper from the Telfer operation in Western Australia's Paterson Province and is developing the high-grade Havieron deposit, having moved its primary listing from London to the ASX.

SOURCE

ACTION

FUND MANAGER

DATE

Argonaut Funds Management initiated a large position in Greatland Resources, then UK-listed, after the company acquired the Telfer and Havieron assets from Newmont at a time when the broader market was divided on whether Telfer represented an asset or a liability. The manager's conviction was validated once the listing moved to Australia, and the business is now seen as capable of growing gold output from a range of 150,000 to 250,000 ounces toward 500,000 to 700,000 ounces by 2030, with dividends likely to follow as production scales.

07 Sep 2026

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Argonaut Funds Management

Initiated

Article

Commentary

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There are 24 comments from 12 fund managers regarding Greatland Resources Ltd (ASX:GGP).

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Price

$10.12

$6.73

$15.43

Market cap

$69B

Sector

Materials

Fund managers

12 managers

First covered

31 Jan 2025

Last updated

7 Sept 2026

Company Details

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​§ Important Notice

The entries below are records originating from third-party statements. Thesis Tracker does not rank, recommend or endorse any fund manager, fund or security. Investment decisions should be made on the basis of the relevant Product Disclosure Statement and, where appropriate, advice from a licensed adviser.

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Frequently asked questions about Greatland Resources Ltd (ASX:GGP)

Frequently asked questions

Who is investing in Greatland Resources Ltd (ASX:GGP)?

Fund managers including Firetrail Investments, Tyndall Asset Management, Seneca Financial Solutions, Prime Value Asset Management, Ausbil Investment Management, First Sentier Investors, Solaris Investment Management, Yarra Capital Management, Ellerston Capital, Oracle Advisory Group, Phoenix Growth Fund and Argonaut Funds Management have invested in Greatland Resources Ltd (ASX:GGP).

What opportunities or catalysts do fund managers highlight for Greatland Resources Ltd?

Argonaut and Firetrail highlight the value created from acquiring Telfer and Havieron, rising reserves, strong production and development of the high-grade Havieron project.

What are the key risks to the Greatland Resources Ltd investment thesis, according to fund managers?

Seneca questions the low grade of Telfer's West Dome reserves, and Firetrail notes the shares fell with weaker gold prices despite positive operational news.

What is the short interest in Greatland Resources Ltd (ASX:GGP)?

The short interest in Greatland Resources Ltd (ASX:GGP) is 3.37% which makes it the 68th most shorted stock on the ASX. Of the 672.9M shares that Greatland Resources Ltd has on issue, 22.7M have been sold short.

What does Greatland Resources Ltd (ASX:GGP) do?

Greatland Gold plc is a gold and copper mining company focused on the discovery, development, and production of precious and base metals. Headquartered in Subiaco, Australia, and established in 2023, the firm operates the Telfer gold-copper mine. The company is actively developing the Havieron gold-copper project and managing an extensive regional exploration portfolio. Greatland Resources Ltd. integrates extraction, processing, and sales operations to support its mining activities. The company maintains a strategic focus on expanding its mineral assets through regional discovery and project development in Australia.

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