UK Scheme of Arrangement Effective and Admission

Greatland Resources Limited

E: [email protected]

W: www.greatland.com.au

: twitter.com/greatlandgold

NEWS RELEASE | 23 June 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, OR INTO OR WITHIN THE UNITED STATES OR 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 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 of Greatland Gold plc dated 18 June 2025, Greatland Resources Limited  (ASX: GGP and AIM:GGP) (Greatland Resources or the Company) is pleased to announce that the reorganisation of Greatland Gold plc (Greatland Gold) and its subsidiaries by means of a scheme of arrangement under Part 26 of the UK Companies Act 2006 (UK Scheme) pursuant to which Greatland Resources has become the new holding company of the Greatland Gold group, became effective in accordance with its terms, following delivery of the Court Order to the Registrar of Companies on 20 June 2025.

Admission of Greatland Resources

Further to the announcement dated 20 June 2025, the Company is pleased to announce that Greatland Resources has been admitted to the Official List of the Australian Securities Exchange (ASX) (ASX Admission) and that the ordinary shares in Greatland Resources (Ordinary Shares) are expected to be quoted on the ASX and commence trading on a normal settlement basis at 1.00 p.m. (Sydney Time) / 4.00 a.m. (London Time) on 24 June 2025.

As announced on 20 June 2025, an application has been made to the London Stock Exchange for 670,618,774 Ordinary Shares in Greatland Resources to be admitted to trading on AIM. Admission of the Ordinary Shares on AIM is expected to take effect at 8.00 a.m. today, 23 June 2025 (AIM Admission).

Issue of Shares and Total Voting Rights

The Ordinary Shares pursuant to the UK Scheme, the Offer and UK Retail Offer (each as defined in the replacement prospectus published by the Company on 30 May 2025 in relation to ASX Admission (Prospectus)), have been issued.

Upon AIM Admission the Company's issued share capital will comprise 670,618,774 Ordinary Shares each with one voting right per share.  There are no shares held in treasury. When calculating the total number voting rights, shareholders should use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

Directors' Interests

Following the implementation of the UK Scheme and the participation in the Offer by certain directors  and persons discharging managerial duties (PDMRs), the interests of the Directors and PDMRs in the Ordinary Shares are as set out below:

PDMR forms for the Directors who participated in the Offer are set out below. The above figures do not include the Director's and PDMR's interests in options referred to below.

Cancellation of Greatland Gold Listing

Further to the announcement dated 18 June 2025, the ordinary shares of Greatland Gold  (Greatland Gold Shares) have now been cancelled from trading on AIM with effect as of 7.00 a.m. today, 23 June 2025.

Other Effects of the UK Scheme

As disclosed in the scheme document sent to shareholders of Greatland Gold on 24 April 2025 (Scheme Document), the Company announces that Greatland Gold has cancelled an aggregate of53,283,873 options and performance share rights over Greatland Gold Shares held by certain Directors and persons discharging managerial responsibility (PDMRs) and a further 104,383,212 options and performance share rights over Greatland Gold Shares held by a number of other employees (together, the Greatland Gold Options), pursuant to Deeds of Cancellation and Covenant entered into between Greatland Gold, Greatland Resources and the respective holders of the Greatland Gold Options, and, following ASX Admission, the holders of the Greatland Gold Options will be invited to participate in the Greatland Resources Limited Legacy Long Term Incentive Plan (Greatland Rollover EIP) and will be issued options and performance share rights (as relevant) in Greatland Resources on substantially similar terms to the Greatland Gold Options (and in accordance with the rules of the Greatland Rollover EIP). A further announcement will be made when such replacement options and performance share rights are issued detailing the number of awards issued by Greatland Resources and the exercise price of such awards.  PDMR forms in respect of the cancellation of the Greatland Gold Options are set out below.

As further disclosed in the Scheme Document, pursuant to the warrant cancellation and re-grant deed entered into between Greatland Gold, Greatland Resources and Wyloo Consolidated Investments Pty Ltd (Wyloo), the 352,620,000 warrants on issue in Greatland Gold (Greatland Warrants) immediately prior to the implementation of the Scheme have now been cancelled and Greatland Resources will grant 17,631,000 'replacement' warrants (such number reflecting the 20:1 consolidation ratio under the Scheme) in respect of Ordinary Shares to Wyloo (Replacement Warrants) by the earlier of one business day after ASX Admission or 5 business days after the implementation of the Scheme on terms substantially similar to the terms of the Greatland Warrants. The exercise price of the Replacement Warrants is A$4.1434 per Ordinary Share (being the Australian dollar equivalent of £2.00 per share, determined based on an agreed exchange rate as at the business day prior to the implementation of the Scheme). A further announcement will be made when the Replacement Warrants are issued.

Managing Director, Shaun Day commented:

"We are pleased to have completed the corporate reorganisation successfully, with a new Australian holding company. I would like to thank our existing shareholders for the overwhelming support throughout this process.

I would also like to thank our existing and new shareholders for the successful capital raising and look forward to debuting on the ASX as a leading new Australian gold-copper producer.

Our primary focus is to create value for all shareholders and in addition to continuing to operate Telfer successfully under the 2-Year Outlook whilst considering opportunities for further growth and extension, our next major corporate milestone is to deliver the Havieron Feasibility Study by December quarter CY 2025".

Contact

For further information, please contact:

Greatland Resources Limited

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

The Greatland portfolio includes the 100% owned Telfer operating mine, the adjacent 100% owned world-class Havieron gold-copper brownfield 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.

PDMR dealing notifications - Australian Offering

The following notifications are provided in accordance with the requirements of the UK Market Abuse Regulation.

PDMR dealing notifications - cancellation of options

The following notifications are provided in accordance with the requirements of the UK Market Abuse Regulation by virtue of the cancellation of the existing Greatland Gold Options.  Replacement options and performance rights are expected to be issued by Greatland Resources on substantially similar terms on 30 June 2025.