Greatland Gold plc (AIM:GGP) entered into a binding agreement to acquire 70% of Havieron gold-copper project and 100% ownership of the Telfer gold-copper Mine from Newmont Corporation (NYSE:NEM) for approximately $480 million on September 10, 2024. The consideration consist of $207.5 million cash, including US$155.1 million Acquisition consideration subject to certain adjustments and a $52.4 million repayment of the outstanding Havieron joint venture loan issuance of 2.67 billion shares of Greatland Gold plc and $100 million as deffered consideration. The transaction is subject to passing of the Acquisition Resolution at the General Meeting of Greatland Gold plc completion by Newmont of the remediation of the Telfer Tailings Storage Facility 8, such that the deposition of tailings can recommence and resumption by Newmont of processing operations for a period of 14 consecutive days approval by foreign investment approvals from the Treasurer of the Commonwealth of Australia and ministerial consent to the transfer of the Telfer and Havieron mining tenements certain other third party and governmental consents and approvals to the transfer, assignment and or novation of certain leases, contracts and approvals related to the Target Assets and issue, allotment and admission to trading on AIM of the Consideration. The transaction expected to close in fourth quarter 2024. King & Wood Mallesons, Australia Branch is acting as legal advisor to Greatland Gold plc. Macquarie Capital acted as financial adviser, and Allens and Linklaters acted as legal advisor to Newmont Corporation. BofA Securities acted as financial advisor to Greatland Gold plc.

Greatland Gold plc (AIM:GGP) completed the acquisition of 70% of Havieron gold-copper project and 100% ownership of the Telfer gold-copper Mine from Newmont Corporation (NYSE:NEM) on December 4, 2024.