Court sanction of Scheme of Arrangement

Greatland Gold plc (AIM: GGP)

E: [email protected]

W: www.greatland.com.au

: twitter.com/greatlandgold

NEWS RELEASE | 18 June 2025

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

Further to the announcement on 12 May 2025, Greatland Gold plc (AIM:GGP) (Greatland Gold or the Company) is pleased to announce that the High Court of Justice of England and Wales (the Court) has today made an order sanctioning the scheme of arrangement (Scheme) (the Court Order) to implement the corporate reorganisation of the Company and its subsidiaries, pursuant to which Greatland Resources Limited (Greatland Resources) will become the new holding company of the group. 

The Scheme will become effective once the Court Order (duly sealed by the Court) has been delivered to the Registrar of Companies, which is expected to take place after 6:00 p.m. on Friday 20 June 2025 and will result in Greatland Resources becoming the new holding company of Greatland Gold and its subsidiaries.

Next Steps

The last day of dealings in, and registration of transfers of, Greatland Gold's ordinary shares (Greatland Gold Shares) will be on 19 June 2025. The Scheme Record Time will be 6.00 p.m. on 19 June 2025. Pursuant to the Scheme, Shareholders on the register at the Scheme Record Time will be issued one ordinary share in Greatland Resources (Greatland Resources Share) for every 20 Greatland Gold Shares that they hold (subject to rounding of fractional entitlements as set out in the Scheme Document).

Dealings in Greatland Gold Shares on AIM will be suspended from 7.30 a.m. on 20 June 2025. The suspension is made pursuant to the Company's application for cancellation to the London Stock Exchange and is being effected as part of the Scheme.

Greatland Gold has applied to the London Stock Exchange for cancellation of admission to trading of the Greatland Gold Shares on AIM, which is expected to take effect as of 7.00 a.m. on 23 June 2025. Application has been made to the London Stock Exchange for the Greatland Resources Shares to be admitted to trading on AIM and 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 addition, Greatland Resources has applied for the Greatland Resources Shares to be admitted to the Official List of the Australian Securities Exchange (ASX) and that the Greatland Resources Shares are expected to be quoted on the ASX and commence trading on a normal settlement basis at 1.00p.m. (Sydney Time) / 4.00 a.m. (London Time) on 24 June 2025.

Other

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.

Contact

For further information, please contact:

Greatland Gold plc

Shaun Day, Managing Director | Rowan Krasnoff, Chief Development Officer
[email protected].au 

Nominated Advisor

SPARK Advisory Partners

Andrew Emmott / James Keeshan / Neil Baldwin  |  +44 203 368 3550

Corporate Brokers

Canaccord Genuity  |  James Asensio / George Grainger  |  +44 207 523 8000

SI Capital Limited  |  Nick Emerson / Sam Lomanto  |  +44 148 341 3500

Media Relations

Australia - Fivemark Partners  |  Michael Vaughan  |  +61 422 602 720

UK - Gracechurch Group  | Harry Chathli / Alexis Gore / Henry Gamble  |  +44 204 582 3500

About Greatland

Greatland is a gold and copper mining company listed on the London Stock Exchange's AIM Market (LSE:GGP) and operates its business from Western Australia.

The Greatland portfolio includes the 100% owned Telfer mine, the adjacent 100% owned world-class Havieron brownfield gold-copper development project, and a significant exploration portfolio within the surrounding region. The combination of Telfer and Havieron provides for a substantial and long life gold-copper operation in the Paterson Province of Western Australia.

The group is targeting a cross listing on the ASX and AIM in June 2025.